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
RM620,000 - RM670,000 (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 rental yield of Penang Times Square is 3.93% for apartment units. The highest rental yield ever recorded was 8.28% in Q3 2011 (Apartment); while the lowest one was 3.5% in Q3 2019 (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 RM650 psf. For price wise, the most expensive one is 2-bedroom / 950 sf with a median price of RM650 psf; while the cheapest one is 2-bedroom / 1,050 sf with a median price of RM640 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
01-Apr-20Condominium950 sfRM580,000
01-Apr-20Condominium950 sfRM668,000
22-Mar-20Condominium950 sfRM668,000
25-Mar-20Condominium1,110 sfRM600,000
17-Mar-20Condominium1,110 sfRM600,000
17-Mar-20Condominium1,050 sfRM650,000
16-Mar-20Condominium950 sfRM590,000
16-Mar-20Condominium1,080 sfRM680,000
16-Mar-20Condominium950 sfRM668,000
16-Mar-20Condominium1,100 sfRM750,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
TodayCondominium950 sfRM2,000
06-Apr-20Room In Apartment-NA-RM600
02-Apr-20Condominium950 sfRM2,200
02-Apr-20Condominium950 sfRM3,000
02-Apr-20Condominium1,000 sfRM2,000
29-Mar-20Condominium960 sfRM2,200
23-Mar-20Condominium1,000 sfRM1,900
20-Mar-20Room In Apartment-NA-RM700
19-Mar-20Condominium1,000 sfRM2,000
18-Mar-20Condominium950 sfRM2,300
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