Menara Penang Garden, Georgetown

Menara Penang Garden (also known as Penang Garden Tower) is a freehold office building located in Georgetown, Penang Island. The built-up available at this project is 1,368 sf to 3,400 sf. Other neighbouring projects around here are Canton Square, Gurney Tower, Menara BHL, Menara Boustead, Menara KWSP, Menara Liang Court, Wisma Getah, Wisma Lister Garden, Wisma Penang Garden and Wisma Perkeso.

Property Type
Office Building
Land Tenure
Freehold
Built-up
1,368 sf - 3,400 sf
Market Price
RM550,000 - RM1,840,000
Density
-NA-
Completed In
1983
Developer
-NA-
Launch Price
-NA-

This office building has many amenities nearby, for example universities, schools and hospitals. The following are some main universities here:

As for schools, there are SK Perempuan Island, SK Sri Tanjong, SK Wellesley, SMK Abdullah Munshi, SRJK (C) Union, Shih Chung Branch School and Wesley Primary School. There are also some hospitals here, i.e. Gleneagles Hospital Penang, Hospital, Lam Wah Ee Hospital Tcm Branch, Peace Medical Centre and St Stamford Modern Cancer Hospital Guangzhou.

The current rental yield of Menara Penang Garden is around 5.02%. The highest rental yield ever recorded was 5.02% in Q1 2019; while the lowest one was 3.94% in Q4 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Menara Penang Garden is 1,368 sf with a median price of RM400 psf. For price wise, the most expensive one is 3,400 sf with a median price of RM540 psf; while the cheapest one is 1,368 sf with a median price of RM400 psf.

Latest Menara Penang Garden for sale listings:

DateTypeBuilt-upPrice
7 Aug 2022Office7,835 sfRM3,200,000

Latest Menara Penang Garden for rent listings:

DateTypeBuilt-upRental
28 Dec 2021Office3,168 sfRM7,900
3 Aug 2021Office3,168 sfRM5,800
1 Aug 2021Office3,168 sfRM7,899
1 Aug 2021Office3,168 sfRM7,900
9 Jun 2021Office1,647 sfRM2,000
7 Jun 2021Office1,324 sfRM1,800
18 May 2021Office3,168 sfRM5,000
5 May 2021Office3,168 sfRM7,900
15 Apr 2021Office1,647 sfRM2,000
16 Feb 2021Office3,168 sfRM5,800
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