Birch The Plaza, Penang Times Square

Birch The Plaza (also known as Birch Plaza) is a freehold condominium located in Penang Times Square, Georgetown. There are 417 units available at this project with built-up from 1,010 sf to 2,040 sf. It was developed by Ivory Properties Group Bhd with a launch price at about RM240 psf, and was completed in around 2009.

Ivory Properties Group Bhd is a medium-scale property developer listed on Bursa Malaysia, and it has built about 17 property projects in Malaysia. Other similar projects by the same developer are 1 Island Resort, Birch The Regency, City Residence, Tanjung Park, The Peak Residences, The View and The Wave.

Property Type
Condominium
Land Tenure
Freehold
Built-up
1,010 sf - 2,040 sf
Market Price
RM540,000 - RM1,310,000
Density
417 Units
Completed In
2009
Launch Price
About RM240 psf

This condominium has many amenities nearby, e.g. universities, schools and hospitals. The following are some universities here:

As for schools, there are Georgiana Molloy Anglican School, Penang Free School and SJK (C) Heng Ee. There are also some hospitals here, such as Peace Medical Centre and St.Johntrendy Hospital.

The current rental yield of Birch The Plaza is around 3.86%, compared to 3.05% 2 years ago in Q3 2021. The highest rental yield ever recorded was 4.65% in Q1 2017; while the lowest one was 2.95% in Q2 2021. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Birch The Plaza is 2-bedroom / 1,050 sf with a median price of RM550 psf. For price wise, the most expensive one is 4-bedroom / 2,040 sf with a median price of RM640 psf; while the cheapest one is 3-bedroom / 1,070 sf with a median price of RM520 psf.

Latest Birch The Plaza sale listings:

DateTypeBuilt-upPrice
25 Sep 2022Condominium1,050 sfRM600,000
25 Sep 2022Condominium980 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
16 Jan 2022Condominium1,080 sfRM640,000
14 Jan 2022Condominium1,050 sfRM750,000
14 Jan 2022Condominium1,028 sfRM600,000

Latest Birch The Plaza rental listings:

DateTypeBuilt-upRental
25 Jan 2023Single Room-NA-RM450
19 Jan 2023Master Room-NA-RM1,050
13 Dec 2022Room-NA-RM400
21 Nov 2022Condominium1,050 sfRM2,000
19 Nov 2022Condominium1,100 sfRM1,700
28 Jun 2022Condominium1,050 sfRM1,700
26 Feb 2022Condominium1,020 sfRM2,000
21 Feb 2022Master Room-NA-RM1,100
21 Feb 2022Single Room-NA-RM400
22 Jan 2022Condominium1,000 sfRM1,800
0 user comments on Birch The Plaza