Penang Times Square, Georgetown

Penang Times Square is a freehold integrated condominium & retail development located in Georgetown, Penang Island. 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, City Residence, 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
RM570,000 - RM1,510,000 (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 2.87% in Q3 2021 (condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at Penang Times Square for condominium units is 2-bedroom / 950 sf with a median price of RM600 psf. For price wise, the most expensive one is 4-bedroom / 2,040 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 (built-up) 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 Dec 2021Condominium1,050 sfRM680,000
12 Dec 2021Duplex2,000 sfRM1,480,000
9 Dec 2021Condominium1,345 sfRM998,000
9 Dec 2021Condominium1,180 sfRM790,000
9 Dec 2021Condominium950 sfRM565,000
9 Dec 2021Condominium950 sfRM560,000
7 Dec 2021Condominium1,050 sfRM555,000
3 Dec 2021Condominium1,050 sfRM550,000
30 Nov 2021Condominium1,050 sfRM600,000
30 Nov 2021Condominium1,050 sfRM550,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,100 sfRM1,700
TodayCondominium950 sfRM1,500
8 Jan 2022Condominium1,050 sfRM1,800
20 Dec 2021Condominium1,000 sfRM1,700
19 Dec 2021Condominium1,000 sfRM1,500
15 Dec 2021Condominium1,050 sfRM1,850
18 Dec 2021Condominium950 sfRM1,500
18 Dec 2021Condominium950 sfRM1,500
18 Dec 2021Condominium950 sfRM1,500
18 Dec 2021Condominium1,050 sfRM1,600
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