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.
This integrated apartment & retail development has many amenities nearby, for example schools, universities and hospitals. The following are some main schools here:
- Georgiana Molloy Anglican School
- Penang Japanese School
- SJK (C) Beng Teik (Pusat)
- SJK (C) Heng Ee
- SJK C Eng Chuan
- SK Kampung Jawa
- SK Tan Sri P. Ramlee
- SMJK Convent Datuk Keramat
- SR Heng Ee
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 RM690,000 (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 to RM2,100 (about RM2.00 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:
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 RM660 psf.
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.
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