Birch The Plaza, Penang Times Square

Birch The Plaza (also known as Birch Plaza) is a freehold condominium that is located in Penang Times Square, Georgetown. There are 417 units available at this condominium 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 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
RM550,000 - RM1,220,000
Total Units
417 Units
Completion Date
2009
Launch Price
About RM240 psf

This condominium has some amenities nearby, e.g. universities, schools and hospitals. The following are some main 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 3.72%, compared to 3.2% a year ago in Q2 2022. 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 RM570 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 3-bedroom / 1,010 sf with a median price of RM540 psf.

Latest Birch The Plaza sale listings:

DateProperty TypeBuilt-upPrice
8 Feb 2024Condominium980 sfRM695,000
4 Feb 2024Condominium1,070 sfRM428,400
6 Feb 2024Condominium1,010 sfRM505,000
29 Jan 2024Condominium2,000 sfRM900,000
29 Jan 2024Condominium1,050 sfRM505,000
24 Jan 2024Condominium1,130 sfRM600,000
23 Jan 2024Condominium1,050 sfRM650,000
22 Jan 2024Condominium1,800 sfRM900,000
21 Jan 2024Condominium1,050 sfRM570,000
20 Jan 2024Condominium1,050 sfRM750,000

Latest Birch The Plaza rental listings:

DateProperty TypeBuilt-upRental
24 Feb 2024Condominium1,180 sfRM1,900
24 Feb 2024Condominium1,200 sfRM2,500
13 Feb 2024Condominium1,180 sfRM1,900
23 Feb 2024Condominium1,180 sfRM1,900
21 Feb 2024Condominium1,050 sfRM1,900
4 Feb 2024Condominium1,000 sfRM2,000
1 Feb 2024Condominium1,050 sfRM2,300
27 Jan 2024Condominium1,050 sfRM1,950
27 Jan 2024Condominium1,050 sfRM1,950
25 Jan 2024Condominium950 sfRM1,700
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