University Place (Plaza Ivory)

  • Property Type
    Condominium/Apartment
  • Tenure
    Freehold
  • Street Name
    Halaman Bukit Gambir
  • District / Planning Area
    Gelugor
  • Completion
    2004
About University Place (Plaza Ivory)

University Place (Plaza Ivory) is a high-rise condominium nestled in the township of Gelugor in Penang. This project was developed by Ivory Properties Group and was completed in the year 2004. It is strategically located near the Free Trade Zone, and USM (University Science of Malaysia). University Place (Plaza Ivory) consists of two 29-storey condominium towers with a total of 274 units. Built-up size for the units ranges from 900 sq. ft. to 1000 sq. ft.. Facilities available at University Place (Plaza Ivory) are 24-hour security, car park, gymnasium, swimming pool, Sauna, multipurpose hall, BBQ area, jogging track, game room, Jacuzzi and basketball court.

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Profitable Transactions (Limited to 5 Total of 11 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
09 Jul 0401 Jul 19743 ft²565322195,0004.3
22 Jan 0329 Aug 17743 ft²646335231,4524.6
25 Sep 0118 Jul 16700 ft²743236355,1008.1
16 Jan 0416 May 16721 ft²749306319,2967.5
03 Apr 1414 Aug 14743 ft²70764050,00031.6

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 6 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 4 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
21 Nov 1213 Jun 19721 ft²589596-5000-
28 Mar 1322 Jan 181,378 ft²432436-5000-
07 Oct 0327 Jun 13732 ft²293156--
10 Nov 1128 May 12721 ft²555545-5000-2.2

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

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