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Olive Tree Residences, Bayan Baru

Condominium · Bayan Baru · Penang Island · 0 for sale, 4 for rent

AddressBayan Baru, Penang
TypeCondominium
TenureFreehold
Units91
Floors23
Blocks1 block
DeveloperHarta Intan Group
Sold price per sq ftRM 494 (median, 5 sales)2024
On condo.com.my now0 sale · 4 rent

All building information is from public sources on Google and may change. Please confirm with the agent or developer before you buy or rent.

Sold prices in Olive Tree Residences

Actual sales recorded by NAPIC (JPPH), 2022–2024. These are completed transactions, not asking prices.

YearSalesMedian priceMedian per sq ftLowest – highest
2024 5 RM 788,000 RM 494 psf RM 680,000 – RM 828,000
2023 4 RM 795,000 RM 499 psf RM 750,000 – RM 925,000
2022 6 RM 757,500 RM 462 psf RM 715,000 – RM 778,000

Source: NAPIC Open Sales Data (Valuation and Property Services Department). The latest year covers sales recorded so far.

Common facilities

  • Swimming pool
  • Gym
  • Games room
  • Function room
  • Playground
  • 24-hour security
  • CCTV
  • Intercom
  • BBQ area

Olive Tree Residences is a condominium in Bayan Baru, on the south-east side of Penang Island. This page explains where it sits, which developments are close by, and what to check before you buy or rent a unit here.

About Olive Tree Residences

Olive Tree Residences is listed in our directory as a condominium. That means it is a strata residential development, where owners share common areas that are looked after by a management body. It is one of 24 developments we list in Bayan Baru, so buyers and tenants have a fair number of options to compare in the same neighbourhood. Units here may come up for sale or rent from time to time. The listings pages are the most practical way to see what is currently on offer and how individual units compare on layout, condition and asking price.

Location and neighbourhood

Bayan Baru is an established township in the south-east of Penang Island, with a mix of homes, shops and offices. It sits close to the island's main industrial zone and the airport, so many people who live here also work in this part of the island. Several other residential developments are very close to Olive Tree Residences. All distances below are straight-line, not travel distance: Arena Residence (condominium) is about 0.2 km away, D'Piazza (condominium) and Sunway Dora (flat) are both about 0.3 km away, and The Promenade (condominium), TM residency (Tunas Residency) (residential high-rise) and Seri Delima (flat) are each about 0.4 km away. This mix of condominiums, flats and other high-rise homes gives a good idea of the housing in the immediate area. It also means you can compare nearby options if a unit here does not quite suit you.

Living here: what to check before you buy or rent

Before you commit, ask the agent or the management office about the tenure, the monthly maintenance fees and sinking fund, and which facilities are available to residents. Always view the unit in person, ideally at different times of day, to check noise, natural light and the state of the common areas. If you are buying, check the title and confirm that the seller's details match. Ask your lawyer whether there are any restrictions or outstanding charges. If you are renting, read the tenancy agreement carefully, note the condition of the unit before moving in, and agree in writing who pays for repairs and utilities.

Nearby developments

Straight-line distances.

Frequently asked questions

Where is Olive Tree Residences?

Olive Tree Residences is in Bayan Baru, on Penang Island, in the state of Penang.

What type of property is Olive Tree Residences?

It is listed as a condominium.

Which developments are near Olive Tree Residences?

In straight-line distance, Arena Residence is about 0.2 km away, D'Piazza and Sunway Dora are about 0.3 km away, and The Promenade, TM residency (Tunas Residency) and Seri Delima are about 0.4 km away.

Homes in Olive Tree Residences

Latest 4 of 4 listings by licensed agents.

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