Penang Times Square, Georgetown

Penang Times Square is a freehold integrated condominium & retail development located in Georgetown, Penang. It consists of Birch The Plaza, Birch The Regency and The Wave. The built-up available at this project is 950 sf to 2,100 sf for condominium units and 887 sf for retail units. It was developed by Ivory Properties Group Bhd.

Ivory Properties Group Bhd is a medium-sized real estate company listed on KLSE, and it has constructed 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 WorldCity, Tanjung Park, The Latitude, The Peak Residences, The View and University Place.

Property Type
Integrated Condominium & Retail
Land Tenure
Freehold
Built-up
950 sf - 2,100 sf (Condominium)
887 sf (Retail)
Market Price
RM580,000 - RM1,480,000 (Condominium)
RM1,150,000 (Retail)
Density
-NA-
Completed In
-NA-
Launch Price
-NA-

This integrated condominium & retail development has many amenities nearby, for example schools, universities and hospitals. The following are some main schools here:

As for universities, there are Advance Tertiary College Penang (Atc), MSU College (Penang), Reliance College Penang and Uow Malaysia Kdu Penang University College. There are also some hospitals here, i.e. Hospital Perai and St.Johntrendy Hospital.

The current rental yield of Penang Times Square is 3.21% for condominium units. The highest rental yield ever recorded was 5.92% in Q3 2012 (Condominium); while the lowest one was 2.93% in Q2 2021 (Condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size combination at Penang Times Square for condominium units is 2-bedroom / 950 sf with a median price of RM610 psf. For price wise, the most expensive one is 4-bedroom / 2,000 sf with a median price of RM740 psf; while the cheapest one is 5-bedroom / 2,100 sf with a median price of RM480 psf.

Retail Layouts

Lastly, the most popular layout and size combination at Penang Times Square for retail units is 887 sf with a median price of RM1,300 psf. For price wise, the most expensive one is 887 sf with a median price of RM1,300 psf; while the cheapest one is 887 sf with a median price of RM1,300 psf.

Latest Penang Times Square for sale listings:

DateTypeBuilt-upPrice
24 Nov 2021Condominium950 sfRM559,000
24 Nov 2021Condominium950 sfRM600,000
24 Nov 2021Condominium1,028 sfRM600,000
19 Nov 2021Condominium1,000 sfRM588,000
17 Nov 2021Condominium950 sfRM560,000
13 Nov 2021Condominium990 sfRM600,000
13 Nov 2021Condominium1,050 sfRM700,000
5 Nov 2021Condominium1,050 sfRM550,000
3 Nov 2021Condominium1,050 sfRM579,000
3 Nov 2021Condominium950 sfRM559,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,000 sfRM1,500
TodayRoom In Apartment-NA-RM750
TodayCondominium1,050 sfRM1,400
26 Nov 2021Condominium950 sfRM1,500
26 Nov 2021Condominium950 sfRM1,500
26 Nov 2021Condominium1,180 sfRM2,000
26 Nov 2021Condominium1,050 sfRM1,500
25 Nov 2021Condominium950 sfRM1,300
25 Nov 2021Condominium950 sfRM1,500
25 Nov 2021Condominium950 sfRM1,800
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