The One, Bayan Baru
The One (also known as Terrace Plus) is a leasehold mixed commercial & residential park located in Bayan Baru, Bayan Lepas. It comprises 1-Sky, 1-World and Terrace Plus. The built-up available at this project is 1,160 sf to 1,650 sf for condominium units, 2,618 sf for offices and 1,030 sf to 2,205 sf for shop-offices. It was developed by Ideal Property Group, and was completed around 2012.
Ideal Property Group is a big property development group, and it has developed about 31 property projects in Malaysia. Other similar projects by the same developer are Fiera Vista, ForestVille, Ideal Vision Park, Imperial Residences, One Foresta, One Imperial, One Residence, Solaria Residences, Tree Sparina and i-Santorini.
This mixed commercial & residential park has many amenities nearby, i.e. hospitals, schools and universities. The following are some of the main hospitals here:
- Hospital Islam Pulau Pinang
- Pantai Hospital Penang
The current rental yield of The One is 3.64% for condominium units and 4.03% for shop-offices. The highest rental yield ever recorded was 4.41% in Q4 2012 (condominium) and 4.03% in Q1 2021 (shop-office); while the lowest one was 2.62% in Q4 2017 (condominium) and 2.94% in Q4 2020 (shop-office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at The One for condominium units is 3-bedroom / 1,450 sf with a median price of RM400 psf. For price wise, the most expensive one is 4-bedroom / 1,460 sf with a median price of RM510 psf; while the cheapest one is 3-bedroom / 1,450 sf with a median price of RM400 psf.
Meanwhile, the most popular layout and size (built-up) combination at The One for offices is 2,618 sf with a median price of RM380 psf. For price wise, the most expensive one is 2,618 sf with a median price of RM380 psf; while the cheapest one is 2,618 sf with a median price of RM380 psf.
Lastly, the most popular layout and size (built-up) combination at The One for shop-offices is 2,205 sf with a median price of RM680 psf. For price wise, the most expensive one is 1,030 sf with a median price of RM1,020 psf; while the cheapest one is 2,000 sf with a median price of RM600 psf.
Latest The One for sale listings:
|16 Dec 2021||Condominium||1,650 sf||RM590,000|
|15 Dec 2021||Condominium||1,450 sf||RM560,000|
|12 Dec 2021||Condominium||1,650 sf||RM799,000|
|10 Dec 2021||Condominium||1,380 sf||RM495,000|
|9 Dec 2021||Condominium||1,370 sf||RM508,000|
|9 Dec 2021||Condominium||1,884 sf||RM620,000|
|8 Dec 2021||Condominium||1,380 sf||RM485,000|
|30 Nov 2021||Condominium||1,600 sf||RM600,000|
|30 Nov 2021||Condominium||1,450 sf||RM560,000|
|30 Nov 2021||Condominium||1,450 sf||RM595,000|
Latest The One for rent listings:
|18 Dec 2021||Condominium||1,380 sf||RM1,499|
|17 Dec 2021||Condominium||1,380 sf||RM1,600|
|14 Dec 2021||Condominium||1,440 sf||RM1,500|
|13 Dec 2021||Condominium||1,380 sf||RM1,600|
|12 Dec 2021||Condominium||1,450 sf||RM1,500|
|11 Dec 2021||Condominium||1,380 sf||RM1,300|
|11 Dec 2021||Condominium||1,350 sf||RM1,600|
|8 Dec 2021||Master Room||-NA-||RM640|
|6 Dec 2021||Condominium||1,450 sf||RM1,600|
|3 Dec 2021||Condominium||1,450 sf||RM1,600|