4 Commercial Properties for Sale at The One
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
Explore PropertyGuru
The project retains a presence in current local search journeys among active property seekers drawing on 30 days of PropertyGuru search activity. Recent search data shows the project remains relevant to active buyer seekers in the area.
Pricing by Unit Types:Location & Lifestyle Highlights — The One
484m (5-6 mins) to HAB BAYAN BARU — This central transit hub provides residents with reliable bus connections across the Bayan Lepas industrial zone and towards the bridge.
The One offers a unique lifestyle where traditional shop-house charm meets modern living, perfectly positioned within a bustling commercial hub that serves the growing Bayan Baru community. It is a practical choice for those who want to live right where they work or enjoy having a wide variety of local businesses and eateries just a few steps from their front door.
Nearby hotspots:
Bus Stops (3 within 1 km):
- HAB BAYAN BARU (484m, 5-6 mins) — Major local transport hub offering frequent services for an easy daily commute around the island.
- TERMINAL BAS BAYAN BARU (523m, 6-7 mins) — Convenient secondary boarding point that links the neighborhood to the wider Penang bus network.
- STRAITS INTERNATIONAL SCHOOL (720m, 8-9 mins) — Reputable international education option located very close to home for families with school-going children.
- SJK(C) MIN SIN (869m, 10-11 mins) — Established local primary school providing a solid educational foundation within walking distance.
- SMK RAJA TUN UDA (1104m, 13-14 mins) — Nearby secondary school that makes the morning school run much simpler for local households.
- JN DENTAL SURGERY (617m, 7-8 mins) — Professional dental care services available nearby for routine check-ups and oral health.
- PANTAI HOSPITAL PENANG (1007m, 12-13 mins) — Major private medical center providing comprehensive specialist services and emergency care for peace of mind.
- SRI NIBONG PHARMACY (795m, 9-10 mins) — Handy local pharmacy for quick access to medicines and daily healthcare essentials.
- MAYANG MALL (630m, 7-8 mins) — Nearby retail destination for a variety of shopping needs and lifestyle services.
- D'PIAZZA MALL (665m, 8-9 mins) — Popular commercial hub offering diverse retail outlets and business services just a short walk away.
- ONE PRECINCT (764m, 9-10 mins) — Modern office and retail complex that adds to the vibrant commercial atmosphere of the area.
- PINEAPPLE RESTAURANT (509m, 6-7 mins) — Local dining spot perfect for a quick and tasty meal close to the development.
- AZUMA SUSHI (522m, 6-7 mins) — Quality Japanese cuisine available nearby for those who enjoy variety in their weekly dining.
- STARBUCKS (541m, 6-7 mins) — Familiar coffee spot ideal for morning caffeine runs or casual afternoon meetings.
- COSMOPOINT COLLEGE (545m, 6-7 mins) — Tertiary education institution located nearby, making it convenient for students and academic staff.
- CIMB BANK (858m, 10-11 mins) — Full-service banking facility within the neighborhood to handle all personal and business financial matters.
- MAYBANK (994m, 11-12 mins) — Accessible branch of a major bank providing essential financial services to the local community.
- MYNEWS.COM (677m, 8-9 mins) — Quick-stop shop for daily newspapers, snacks, and essential items.
- HAPPY MART (750m, 9-10 mins) — Local convenience store perfect for grabbing last-minute household supplies.
- MASJID RELAU (1048m, 12-13 mins) — Local mosque providing a nearby space for prayer and community activities for Muslim residents.
Highly attractive for: Business Owners, Young Professionals, Investors, Small Families
Market & Sale Insights
The One presents a market profile characterized by its current pricing benchmarks in the local residential sector.
- PSF Appreciation: Current market pricing stands at RM831.308 psf as of 2025.
- PG Pulse Insight: The project maintains a current valuation of RM831.308 psf, providing a baseline for capital assessment in the current market cycle.
Published date: November 4, 2026





