Penang WorldCity, Batu Uban

Penang WorldCity (also known as Penang World City & formerly known as Bayan Mutiara) is a freehold mixed housing estate that is located in Batu Uban, Gelugor. It consists of D'Residence, QuayWest Residence, The Zen and Tropicana Bay Residences.

It is a mixed development project that comprises both residential and commercial properties, which is built on reclaimed land. As of 2019, the development is still ongoing and lacks a shopping centre, but residents can easily reach their shopping and entertainment needs by driving just 10 minutes to the popular Queensbay Mall. The proximity and easy accessibility to various amenities make the location attractive to potential buyers. Additionally, traffic flow is smooth in the area as there are multiple entry and exit points, providing ease of movement for the residents.

The built-up available in this housing estate is 3,555 sf to 15,000 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, Moonlight Bay, Penang Times Square, Tanjung Park, The Latitude, The Peak Residences, The View and University Place.

This mixed housing estate has some amenities nearby, such as, universities and schools. The following are some of the major universities here:

• Universiti Sains Malaysia
• University Of Science

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:

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 RM680 psf. For price wise, the most expensive one is 6-bedroom / 4,000 sf with a median price of RM1,070 psf; while the cheapest one is 8-bedroom / 15,000 sf with a median price of RM510 psf.