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. 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.

This integrated condominium & retail development has many amenities nearby, for example schools, universities and hospitals. The following are some main schools here:

• Georgiana Molloy Anglican School
• Penang Free School
• SJK (C) Eng Chuan
• SJK (C) Heng Ee
• SJK C Eng Chuan
• SK Kampung Jawa

As for universities, there are Advance Tertiary College Penang (ATC), Georgetown University, 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 3.64% for condominium units. The highest rental yield ever recorded was 4.97% in Q1 2013 (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:

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 / 2,000 sf with a median price of RM610 psf; while the cheapest one is 5-bedroom / 2,100 sf with a median price of RM480 psf.

Latest Penang Times Square sale listings:

Latest Penang Times Square rental listings: