Georgetown
Millionaires Row — the seafront address
Jalan Sultan Ahmad Shah, Georgetown, Penang
Why this address earns
Jalan Sultan Ahmad Shah — Millionaires Row — is one of Georgetown's most established streets. It runs along the seafront between Gurney Drive and the heritage zone, flanked by consulates, heritage mansions and the Eastern & Oriental Hotel. The address is the draw: guests book Millionaires Row because the name carries, and it is two kilometres from everything Georgetown offers.
Short-term rental demand in Georgetown peaks during school holidays, Chinese New Year and the George Town Festival. Occupancy and rates fluctuate — the average gross yield on Georgetown Airbnb properties sits around 9%, but your actual figure depends on unit, operator, pricing and season. The proximity to the heritage zone and the seafront is what sustains the guest pipeline.
Getting around
| Place / route | Distance / time | Note |
|---|---|---|
| Gurney Drive | ~2 km | The seafront promenade and the island’s most established commercial address. |
| George Town UNESCO heritage zone | ~2 km | The historic core, hawker streets and cultural quarter. |
| KOMTAR | ~5 min | The commercial centre and bus interchange. |
| Penang Bridge | ~20 min | The link to Seberang Perai and the mainland. |
| Penang International Airport | ~40 min | Via the expressway. |
Daily life
| Place | Distance | Note |
|---|---|---|
| Gurney Drive | 2 km | Seafront promenade, retail and dining. |
| Gurney Paragon Mall | 2.5 km | Premium retail and F&B. |
| Gurney Plaza | 3 km | One of the island’s busiest shopping centres. |
| Eastern & Oriental Hotel | 1 km | Heritage luxury hotel and marina. |
| Penang General Hospital | 1.5 km | Government specialist hospital. |
| Gleneagles Hospital | 3 km | Private specialist hospital. |
Distances are approximate, measured from Jalan Sultan Ahmad Shah via public map services.