10 Commercial Properties for Rent at The One
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The One, also known as Terrace Plus is a leasehold 2-storey shop house development which located at Bayan Baru in Bayan Lepas, Penang. The developer of The One unique mixed commercial and residential development is Ideal Capital Intelligence Sdn Bhd. This renowned developer had completed more than 6,000 residential and commercial developments over the years. Furthermore, the developer had won many national and international property awards, with the proven track record of delivering quality, innovative and high value developments. The leasehold development was completed in around year 2012. The One is situated in an integrated township project which compromise of 1-Sky, 1-World and Terrace Plus, nestled in a historically and culturally-rich township of Penang State. This 2-storey shop house development marries traditional practicalities and aesthetics of modern design, with the retail-shop units at the ground floor and 1-bedroom apartment at the first floor. Bayan Baru experienced the population boom and become one of the most fast-tracked developing area in Penang due to the establishment of Bayan Lepas Free Trade Zone and the opening of the Penang Second Bridge. Due to these reasons, it provides huge customer base to those businesses at The One Terrace Plus. The One is located at the strategic location and surrounded by many modern conveniences where it has everything you are looking for in one place. The One development is well connected to the other part of Penang via Jalan Mahsuri, Jalan Tun Dr. Awang, Jalan Sultan Azlan Shah, Jalan Bayan, Tun Dr. Lim Chong Eu Highway and Second Penang Bridge. The tenants and residents of the development can travel to other important destinations seamlessly via these roads and highway. Georgetown City Center, the capital city of Penang is just approximately 25 minutes driving distance. In the other hand, Penang International Airport is just a short drive away as well, approximately 10 minutes driving distance from the development. Furthermore, the RapidPenang buses and taxi service also serve the area. The residents and tenants of The One should not feel worried to enjoy all the amenities as they are within reach and around the area. For instance, there are several well reputed public and private schools in the vicinity, namely Sekolah Kebangsaan Bayan Baru, Sekolah Kebangsaan Seri Permai, Sekolah Menengah Kebangsaan Sungai Nibong, Sekolah Jenis Kebangsaan (Cina) Shih Chung Cawangan, Sekolah Jenis Kebangsaan (Cina) Chong Cheng, Sekolah Menengah Kebangsaan Bukit Jambul and Fairview International School - Penang Campus. Aside of this, few renowned higher education institutions are around the area which includes University Sains Malaysia, INTI International College Penang and Malaysian Institute of Management. There are many shopping spots as well near the development such as Quensbay Mall, D'Piazza Mall, Bukit Jambul Complex, Sunshine Square, Giant Hypermarket and Tesco Hypermarket Penang. All these malls also provide ample choices for leisure, dining and entertainment. Similarly, getting immediate medical attention is also easy due to Hospital Pulau Pinang, Hospital Lam Wah Ee, Carl Carrynton Medical Centre and Hospital Pantai Mutiara are just around the development. The Penang International Sports Arena and the Aquatic Centre are also located in Bayan Lepas. If that is not enough, residents can still find ample amenities situated around the area such like eateries, restaurants, convenient stores, clinics, banks, petrol stations and places of worship which provide the utmost ease to the residences when it comes to attending to their daily affairs. The One development compromise of total 70 units 2-storey shop house in this leasehold development. There are 2 design layouts available for this leasehold development, namely Type A1 and B1. Type A1 design come with 1 bedroom and 2 bathrooms with the built-up size of 1,810 square feet (840 square feet for Ground Floor and 970 square feet for 1st Floor). In the other hand, Type B1 design come with 1 bedroom and 2 bathrooms as well with the built-up size of 1,810 square feet (1,020 square feet for Ground Floor and 1,185 square feet for 1st Floor). Ideal Property Group is a big property development group, and it has developed about 30 property projects in Malaysia. Other similar projects by the same developer are SummerSkye Residences, One Foresta @ Bayan Lepas, Solaria Residences, Tree Sparina @ Ideal Vision Park and Imperial Residences @ Sungai Ara Also, other projects around the area that might be worth checking out include Elit Heights @ Bayan City, D'Piazza Condominium, The Promenade Residence @ Bayan Baru, Arena Residence @ The Arena and Lakeside Towers.
DeveloperIdeal Capital Intelligence Sdn Bhd
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The project continues to draw rental interest in the local market, according to PropertyGuru's 30-day search trends. Recent search data shows the project remains relevant to active rental seekers in the area, maintaining its position within the broader commercial landscape.
Pricing by Unit Types:- HAB BAYAN BARU (484m, 5-6 mins) — Major transit point for a smooth daily commute around the island.
- TERMINAL BAS BAYAN BARU (523m, 6-7 mins) — Convenient access to various bus routes serving the local neighbourhood.
- STRAITS INTERNATIONAL SCHOOL (720m, 8-9 mins) — High-quality international education located just a short distance away for growing families.
- SJK(C) MIN SIN (869m, 10-11 mins) — A reputable local primary school option within easy walking distance.
- SMK RAJA TUN UDA (1104m, 13-14 mins) — Secondary education facility nearby to support older students in the family.
- JN DENTAL SURGERY (617m, 7-8 mins) — Professional dental care services available close to home for regular check-ups.
- SRI NIBONG PHARMACY (795m, 9-10 mins) — Handy spot for picking up prescriptions and daily health essentials.
- PANTAI HOSPITAL PENANG (1007m, 12-13 mins) — Major medical centre providing comprehensive healthcare and emergency services nearby.
- MAYANG MALL (630m, 7-8 mins) — Nearby shopping destination for retail therapy and household needs.
- D'PIAZZA MALL (665m, 8-9 mins) — Popular local lifestyle mall offering a variety of shops and services.
- ONE PRECINCT (764m, 9-10 mins) — Modern commercial space that adds to the retail and business convenience of the area.
- PINEAPPLE RESTAURANT (509m, 6-7 mins) — Local dining spot perfect for a quick and easy meal near the development.
- AZUMA SUSHI (522m, 6-7 mins) — Quality Japanese cuisine available just a few minutes away for food lovers.
- STARBUCKS (541m, 6-7 mins) — Familiar coffee spot for morning brews or casual business meetups.
- CIMB BANK (858m, 10-11 mins) — Full-service banking facilities nearby to handle personal and business finances.
- MAYBANK (994m, 11-12 mins) — Accessible branch for convenient daily banking and ATM services.
- COSMOPOINT COLLEGE (545m, 6-7 mins) — Higher learning institution located very close by, ideal for students or academic staff.
- MYNEWS.COM (677m, 8-9 mins) — Quick stop for snacks, drinks, and daily reading materials.
- HAPPY MART (750m, 9-10 mins) — Local convenience store for urgent household supplies and groceries.
- MASJID RELAU (1048m, 12-13 mins) — Community mosque providing a nearby place for prayer and spiritual activities.
- MASJID UMAR AL KHATAB (1094m, 13-14 mins) — Established place of worship serving the local Muslim community.
Highly attractive for: Business Owners, Young Professionals, Investors, Small Families
Published date: June 17, 2026







