There is no question about Penang Island’s status as one of the most sought-after addresses in the country. Recognizing the island’s potential is Ivory Properties Group as evident in its Plaza Ivory Project within Bukit Gambier in Gelugor. Completed in 2004, the freehold condominium has gained huge buzz from the real estate community for its sturdy construction and towering height. The developer’s efforts to deliver quality embraced the TAC System Formwork resulting to a positively received project adding another sterling masterpiece to the brand’s solid track record.
To date, Ivory Properties Group has continued to rise as one of the leading developers in Penang. Aside from Plaza Ivory, other premier projects under its belt includes The Wave @ Penang Times Square, City Residence, City Mall and Penang World City among others.
Strategically located close to Halaman Bukit Gambier, Plaza Ivory enjoys close proximity to University Science of Malaysia and Free Trade Zone. This is also why the development is known by some as the University Place.
Comprising Plaza Ivory are two towering blocks of condominiums featuring 274 units spread across 29 storeys for each block. Built-up size starts from 900 to 1,000 sq.ft. with a launch price from RM220,000. To check if that’s a fair pricing according to the development’s market value, check our valuation guide right here.
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Enriched with Ample Facilities
Ramping up modern comfort to the next level are lifestyle and practical facilities within the development. Meeting your every need from leisure to relaxation, sports, fitness and entertainment are the following features:
> gymnasium/fitness centre
> landscape garden
> swimming pool
> wading pool
> table tennis hall
> basketball court
> multi-purpose hall
> barbecue area
Covered parking is also part of the deal with 1 bay allotted per unit. Security is another priority and keeping the development safe and sound is the round the clock security system which means a worry-free modern lifestyle for its dwellers.
Well-Serviced & Connected
Nestled within Bukit Gambier in Gelugor, Plaza Ivory is located near useful and ready amenities. A mere 5 minutes away from the site is Bayan Batu Town where a myriad of dining, retail and entertainment options are nicely situated. As mentioned, Free Trade Zone is within the vicinity as well as USM and INTI College hence attracting a sizable number of students to the area. More retail therapy also awaits at Tesco Extra and the premier Queensbay Mall. Whether you need to stock on necessities or simply want to window shop, Plaza Ivory has that need taken cared of.
Given that Bukit Gambier is a business and a real estate hub, connectivity is therefore petty good in the area. Major highways link Plaza Ivory to the rest of Penang and nearby townships making it easy for residents to travel back and forth to their homes.
What We Think
Knowing that majority of the dwellers in Bukit Gambier are students, Plaza Ivory was clever in its masterplan of creating cozy units that are priced affordably. Investors are easily drawn to the investment due to the development’s promise of high rental yield. Traffic jams can be a problem though but that’s normally part of living in a bustling and busy town.
All in all, Plaza Ivory is a good prospect worth considering if you’re after a well balanced blend of luxury, comfort and convenience in a strategic location. Priced from RM220,000 onwards, units are reasonably attractive. But like always, don’t merely take our word on it. Make sure you’re getting a fair deal by confirming the property’s current market value using our free resource below.