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
RM580,000 - RM1,510,000
Density
417 Units
Completed In
2009
Launch Price
About RM240 psf

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

As for universities, there are Advance Tertiary College Penang (Atc), MSU College, MSU College (Penang), Reliance College Penang and Uow Malaysia Kdu Penang University College.

The current rental yield of Birch The Plaza is around 3.0%, compared to 3.14% a year ago in Q4 2020. The highest rental yield ever recorded was 5.66% in Q3 2012; 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 / 2,040 sf with a median price of RM740 psf; while the cheapest one is 2-bedroom / 1,020 sf with a median price of RM570 psf.

Latest Birch The Plaza for sale listings:

DateTypeBuilt-upPrice
15 Dec 2021Condominium1,050 sfRM680,000
12 Dec 2021Duplex2,000 sfRM1,480,000
7 Dec 2021Condominium1,050 sfRM555,000
3 Dec 2021Condominium1,050 sfRM550,000
30 Nov 2021Condominium1,050 sfRM600,000
27 Nov 2021Condominium1,010 sfRM570,000
27 Nov 2021Condominium1,050 sfRM599,000
24 Nov 2021Condominium1,050 sfRM599,000
24 Nov 2021Condominium1,028 sfRM600,000
19 Nov 2021Condominium1,000 sfRM588,000

Latest Birch The Plaza for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,100 sfRM1,700
8 Jan 2022Condominium1,050 sfRM1,800
20 Dec 2021Condominium1,000 sfRM1,700
18 Dec 2021Condominium950 sfRM1,400
10 Dec 2021Condominium1,090 sfRM2,000
14 Dec 2021Condominium950 sfRM1,700
13 Dec 2021Low-Cost Flat1,000 sfRM1,500
2 Dec 2021Apartment Room-NA-RM700
11 Dec 2021Condominium1,090 sfRM1,999
11 Dec 2021Condominium1,050 sfRM1,700
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