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
RM650,000 - RM690,000 (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 RM650,000 to RM690,000 (about RM680 psf) for apartment units and RM1,150,000 (about RM1,300 psf) for retail units; while the monthly rentals are from RM2,000 to RM2,100 (about RM2.11 psf) for apartment 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 3.95% 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 RM680 psf. For price wise, the most expensive one is 2-bedroom / 950 sf with a median price of RM680 psf; while the cheapest one is 2-bedroom / 1,050 sf with a median price of RM660 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
16-Feb-19Condominium950 sfRM638,000
16-Feb-19Condominium950 sfRM638,000
16-Feb-19Condominium950 sfRM638,000
16-Feb-19Condominium1,800 sfRM1,300,000
15-Feb-19Condominium950 sfRM629,000
15-Feb-19Condominium950 sfRM638,000
15-Feb-19Condominium1,000 sfRM680,000
14-Feb-19Condominium1,070 sfRM750,000
14-Feb-19Condominium1,050 sfRM600,000
14-Feb-19Condominium950 sfRM635,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
17-Feb-19Condominium950 sfRM2,300
16-Feb-19Condominium1,293 sfRM2,000
16-Feb-19Condominium1,050 sfRM1,800
16-Feb-19Condominium1,000 sfRM2,000
12-Feb-19Condominium1,000 sfRM2,000
12-Feb-19Condominium1,290 sfRM2,500
11-Feb-19Condominium950 sfRM2,300
11-Feb-19Condominium1,000 sfRM1,900
11-Feb-19Condominium950 sfRM2,300
11-Feb-19Condominium950 sfRM2,300