Plaza Ivory

Plaza Ivory (formerly known as University Place) is a luxury condominium located in Bukit Gambier, near USM. It is one of the properties under Ivory Properties Group. The condominium was completed in 2004. Ivory has utilized the TAC System Formwork for this project which has gained a lots of good attention from the public as this have resulted in a more durable construction work, high accuracy and consistency in dimension, as well as good horizontal and vertical alignment in the formwork. As a result, buyers have higher confidence towards buying this property knowing that it is of high quality.Plaza Ivory is strategically located near the Free Trade Zone, and the USM (University Science of Malaysia) with only 5 minutes drive away to the nearest Bayan Baru Town where one can easily find multiple kinds of shop lots, shopping malls, dining places, as well as schools and medical clinics.

Property Details

Name: Plaza Ivory (formerly known as University Place)

Address: Halaman Bukit Gambier, Gelugor, 11700 Penang

Developer: Ivory Properties Group

Completion Date: 2004

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Units: 274

No. of Storey: 29

Built-up: 900 - 1,000 sf

Maintenance Fee: RM110 - RM120

Launch Price: From RM220,000

Subsale Price:

Rental:

Facilities

24 hours security

Covered car park, 1 car park for each unit

Gymnasium fitness center

Swimming pool

Sauna

Wading pool

Landscape garden

Multipurpose hall

BBQ facilities

Jogging track

Games room

Table tennis hall

Jacuzzi

Basket ball court

Lounge

Analysis

The development of Plaza Ivory has successfully called out for potential buyers, as it is conveniently located off Halaman Bukit Gambier, in a residential neighborhood with easy accessibility to Bayan Lepas, city area or to the mainland. This makes it a strategic choice location for those who are working at the Bayan Lepas Industrial because it is very close to the dynamic FTZ hub.Plaza Ivory is also well flanked by big retail stores such as Tesco Extra Penang and Queensbay Mall, which are close by which make it convenience for the residents to get their daily goodies. This area, as its name may signify is a student place, as University Sains Malaysia (USM) and INTI College are not far from this development and it is of no surprise that more than 70% of its population is made up of students. Not too far off lays the Bukit Jambul Golf Course, which is popular for Golf fans. There is also a surau near to Bukit Gambier, Surau Ivory, which signify that the majority of residents there are Muslims staying around Bukit Gambier. Plaza Ivory is close to Hotel Equatorial, one of the five stars Hotel in Penang, which is one of the favorite resort places for foreign tourists.All units at Plaza Ivory are lavished with large expensive glass, offering a spectacular panoramic view of the Penang bridge and the coastlines of Penang island and the peninsular. You can find Gambier Heights and Jade View not faraway from Plaza Ivory.Property valuers have rated Plaza Ivory for 79% out of 100% for these 7 categories; security, parking, appearance, peaceful, maintenance, location, build quality with the highest rating given to appearance, peaceful, build quality, location and parking, and low rating given to the security & maintenance system. There might be traffic congestion issue in this area especially during working hours in the morning and at evening time where thousands of workers from the FTZ areas came rushing home at the peak hours.