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
RM630,000 - RM650,000 (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 3.68% 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:

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 RM660 psf. For price wise, the most expensive one is 2-bedroom / 950 sf with a median price of RM660 psf; while the cheapest one is 2-bedroom / 1,050 sf with a median price of RM620 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
30 Jun 2020Condominium1,050 sfRM550,000
30 Jun 2020Condominium960 sfRM550,000
29 Jun 2020Condominium950 sfRM688,000
27 Jun 2020Condominium1,050 sfRM550,000
27 Jun 2020Condominium950 sfRM580,000
27 Jun 2020Condominium950 sfRM590,000
26 Jun 2020Condominium1,000 sfRM550,000
25 Jun 2020Condominium1,050 sfRM560,000
25 Jun 2020Condominium950 sfRM590,000
24 Jun 2020Condominium950 sfRM625,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM600
YesterdayCondominium1,020 sfRM1,500
YesterdayCondominium1,020 sfRM1,800
27 Jun 2020Room In Apartment-NA-RM650
30 Apr 2020Condominium1,000 sfRM1,700
21 Jun 2020Condominium950 sfRM1,600
21 Jun 2020Condominium1,000 sfRM1,800
21 Jun 2020Condominium950 sfRM1,550
20 Jun 2020Condominium1,050 sfRM1,900
18 Jun 2020Room In Apartment-NA-RM650
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