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 1,304 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)
1,304 sf (Retail)
Market Price
RM590,000 - RM1,510,000 (Condominium)
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), 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 3.2% for condominium units. The highest rental yield ever recorded was 5.54% in Q3 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:

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 RM630 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 1,304 sf with a median rental of RM6.90 psf. For rental wise, the most expensive one is 1,304 sf with a median rental of RM6.90 psf; while the cheapest one is 1,304 sf with a median rental of RM6.90 psf.

Latest Penang Times Square for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,050 sfRM600,000
TodayCondominium980 sfRM695,000
25 Aug 2022Condominium1,020 sfRM600,000
26 Jan 2022Condominium1,000 sfRM524,000
26 Jan 2022Condominium1,020 sfRM525,000
24 Jan 2022Condominium1,000 sfRM550,000
24 Jan 2022Condominium1,020 sfRM525,000
24 Jan 2022Condominium1,030 sfRM698,000
22 Jan 2022Condominium1,050 sfRM620,000
16 Jan 2022Condominium1,080 sfRM640,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
28 Jun 2022Condominium1,050 sfRM1,700
18 May 2022Condominium1,100 sfRM1,700
1 Apr 2022Condominium1,000 sfRM1,500
8 Mar 2022Single Room-NA-RM400
26 Feb 2022Condominium1,020 sfRM2,000
21 Feb 2022Master Room-NA-RM1,100
21 Feb 2022Single Room-NA-RM400
17 Jan 2022Condominium950 sfRM1,500
22 Jan 2022Condominium1,000 sfRM1,200
22 Jan 2022Condominium1,000 sfRM1,800
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