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, Moonlight Bay, Penang WorldCity, Tanjung Park, The Latitude, The Peak Residences, The View and University Place.

Property Type
Integrated Apartment & Retail
Land Tenure
Freehold
Built-up
950 sf - 1,050 sf (Apartment)
887 sf (Retail)
Market Price
RM550,000 - RM580,000 (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 3.43% for apartment units. The highest rental yield ever recorded was 8.28% in Q3 2011 (Apartment); while the lowest one was 3.26% in Q2 2020 (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 RM610 psf. For price wise, the most expensive one is 2-bedroom / 950 sf with a median price of RM610 psf; while the cheapest one is 2-bedroom / 1,050 sf with a median price of RM520 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
TodayCondominium1,200 sfRM1,040,000
7 Jan 2021Condominium950 sfRM560,000
7 Jan 2021Condominium1,050 sfRM698,000
5 Jan 2021Condominium1,030 sfRM695,000
29 Dec 2020Condominium950 sfRM560,000
28 Dec 2020Condominium950 sfRM565,000
27 Dec 2020Condominium950 sfRM580,000
23 Dec 2020Condominium1,100 sfRM630,000
14 Dec 2020Condominium950 sfRM580,000
13 Dec 2020Condominium950 sfRM569,000

Latest Penang Times Square for rent listings:

DateTypeBuilt-upRental
19 Jan 2021Condominium990 sfRM2,000
16 Jan 2021Condominium950 sfRM1,600
15 Jan 2021Condominium950 sfRM1,600
14 Jan 2021Condominium1,100 sfRM2,000
14 Jan 2021Condominium1,070 sfRM2,200
12 Jan 2021Condominium950 sfRM1,500
12 Jan 2021Condominium1,050 sfRM1,500
11 Jan 2021Condominium1,100 sfRM2,000
10 Jan 2021Condominium950 sfRM1,500
8 Jan 2021Room In Apartment-NA-RM500
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