Penang Times Square, Georgetown

Penang Times Square is a freehold integrated apartment & 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 1,050 sf for apartment 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, City Residence, Moonlight Bay, Penang WorldCity, Tanjung Park, The Latitude, The Peak Residences and University Place.

Property Type
Integrated Apartment & Retail
Land Tenure
Freehold
Built-up
950 sf - 1,050 sf (Apartment)
887 sf (Retail)
Market Price
RM640,000 - RM660,000 (Apartment)
RM1,150,000 (Retail)
Density
-NA-
Completed In
-NA-
Launch Price
-NA-

This integrated apartment & 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), Kdu Penang University College, MSU College Penang and Olympia College Penang.

The current market prices for Penang Times Square are from RM640,000 to RM660,000 (about RM670 psf) for apartment units and RM1,150,000 (about RM1,300 psf) for retail units; while the monthly rentals are from RM2,000 (about RM1.90 psf) for apartment units and RM9,000 (about RM6.90 psf) for retail units. The highest median price psf ever recorded was RM700 psf in Q3 2018 (Apartment) and RM1,980 psf in Q4 2017 (Retail); while the lowest one was RM352 psf in Q1 2010 (Apartment) and RM416 psf in Q1 2015 (Retail).

The current rental yield of Penang Times Square is 3.81% for apartment units. The highest rental yield ever recorded was 8.28% in Q3 2011 (Apartment); while the lowest one was 3.52% in Q2 2017 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Penang Times Square for apartment units is 2-bedroom / 950 sf with a median price of RM670 psf. For price wise, the most expensive one is 2-bedroom / 950 sf with a median price of RM670 psf; while the cheapest one is 2-bedroom / 1,050 sf with a median price of RM630 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
15-Aug-19Condominium1,000 sfRM590,000
22-Jul-19Condominium950 sfRM648,888
19-Jul-19Condominium1,050 sfRM595,000
18-Jul-19Condominium950 sfRM620,000
08-Jul-19Condominium-NA-RM580,000
08-Jul-19Condominium-NA-RM600,000
08-Jul-19Condominium-NA-RM620,000
07-Jul-19Condominium950 sfRM638,000
23-Jun-19Condominium1,050 sfRM720,000
23-Jun-19Condominium1,050 sfRM730,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,000 sfRM1,800
TodayCondominium1,000 sfRM1,800
TodayCondominium1,000 sfRM1,800
13-Aug-19Room In Apartment-NA-RM630
10-Aug-19Condominium1,000 sfRM1,700
07-Aug-19Condominium1,000 sfRM1,800
04-Aug-19Condominium1,100 sfRM1,800
04-Aug-19Condominium1,000 sfRM1,600
04-Aug-19Condominium950 sfRM1,800
04-Aug-19Condominium1,000 sfRM1,800

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