Penang WorldCity, Batu Uban

Penang WorldCity (also known as Penang World City & formerly known as Bayan Mutiara) is a freehold town located in Batu Uban, Penang Island. It is an ongoing development of mixed residential and commercial project as of 2019, that was built on reclaimed land. The ever-popular Queensbay Mall which is just within 10 minutes drive away, is often the residences' source of entertainment and food before the shopping centre planned for the area is built. Traffic is pretty smooth as there are more than one entry and exit point in the area.

The built-up available in this town is 3,550 sf to 5,500 sf for houses. It was developed by Ivory Properties Group Bhd.

Ivory Properties Group Bhd is a mid-sized real estate company listed on KLSE, and it has undertaken around 17 real estate projects in Malaysia. Other similar projects by the same developer are 10 Island Resort, Birch The Plaza, Birch The Regency, City Residence, Penang Times Square, Tanjung Park, The Latitude, The Peak Residences, The View and University Place.

Property Type
Town
Land Tenure
Freehold
Built-up
3,550 sf - 5,500 sf (House)
Market Price
RM2,240,000 - RM5,000,000 (House)
Density
-NA-
Completed In
-NA-
Launch Price
-NA-

This town is not very ideal for own stay or investment, because it has no amenities nearby.

The current rental yield of Penang WorldCity is 1.62% for houses. The highest rental yield ever recorded was 1.93% in Q3 2018 (house); while the lowest one was 1.62% in Q4 2021 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size (built-up) combination at Penang WorldCity for houses is 5-bedroom / 3,555 sf with a median price of RM630 psf. For price wise, the most expensive one is 6-bedroom / 4,000 sf with a median price of RM1,230 psf; while the cheapest one is 5-bedroom / 3,555 sf with a median price of RM630 psf.

Latest Penang WorldCity for sale listings:

DateTypeBuilt-upPrice
15 Dec 2021Condominium1,750 sfRM1,100,000
13 Dec 2021Bungalow5,500 sfRM4,290,000
13 Dec 2021Bungalow4,000 sfRM4,800,000
12 Dec 2021Studio400 sfRM410,000
12 Dec 2021Condominium1,500 sfRM900,000
10 Dec 2021Condominium1,470 sfRM986,000
10 Dec 2021Condominium800 sfRM600,000
9 Dec 2021Condominium1,470 sfRM986,000
9 Dec 2021Condominium1,750 sfRM1,100,000
9 Dec 2021Condominium1,020 sfRM620,000

Latest Penang WorldCity for rent listings:

DateTypeBuilt-upRental
TodayCondominium615 sfRM2,200
TodayCondominium615 sfRM1,600
9 Jan 2022Medium Room-NA-RM550
3 Jan 2022Condominium800 sfRM1,800
10 Dec 2021Room-NA-RM400
18 Dec 2021Condominium615 sfRM1,350
18 Dec 2021Condominium1,320 sfRM2,350
18 Dec 2021Condominium615 sfRM1,400
18 Dec 2021Condominium615 sfRM1,400
18 Dec 2021Condominium872 sfRM1,800
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