14 Houses for Rent at Olive Tree Residences
Olive Tree Residences is a freehold condominium located in the strategic hub of Bayan Baru, Penang. Completed in late 2015, this single-block, 23-storey development by Harta Intan Group offers an exclusive, low-density living experience with only 91 units. It is part of a mixed development that also includes the Olive Tree Hotel and Olive Tree Terrace Shops. The residence is designed for those who value privacy and convenience, featuring a maximum of only six units per floor.Olive Tree Residences provides spacious units with built-up areas ranging from 1,656 sq ft to 5,135 sq ft. Layouts vary, accommodating different lifestyle needs with configurations from 3-bedroom to 7-bedroom units. Residents benefit from a dedicated facilities floor, known as the "Club Floor," located on the 7th level. This floor hosts a swimming pool, gymnasium, children's playground, games room, function room, and a barbecue area. The development ensures resident safety with a two-tier security system, video intercom, and CCTV surveillance in common areas. The property is conveniently located less than a 2-minute walk from a Giant Supermarket and the Bayan Baru wet market. Queensbay Mall, one of Penang's premier shopping destinations, is less than a 10-minute drive away. Sunshine Square is also nearby. SJK(C) Min Sin is approximately 1 km away, and both SJK (C) Chong Cheng and SRK Bayan Baru are also in the vicinity. Fairview International School is located about 3 km away. Universiti Sains Malaysia (USM) is accessible within a 7-minute travel time.Several medical facilities are located close to the residence, including Pantai Hospital Penang, which is just 1 km away. H Medical Centre is also nearby. The residence is easily accessible via Jalan Tun Dr Awang, providing excellent connectivity to the north and south of Penang. It is strategically positioned less than 10 minutes from both Penang Bridges and the Penang International Airport (6.5 km). A RapidKL bus stop and a taxi stand are located right across the street, while the Bayan Baru Rapid Penang Bus Hub is also nearby.The property is situated directly adjacent to the Penang International Sports Arena (PISA), now known as the Subterranean Penang International Convention & Exhibition (sPICE) Centre.Olive Tree Residences was developed by Harta Intan Group, a mid-sized real estate group with a portfolio of around 8 projects in Malaysia. The group is also responsible for the adjacent Olive Tree Commercial development.
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Drawing on 30 days of PropertyGuru search activity, this project maintains notable traction in local search behaviour, recording a 5.59% share within the market. Recent data places the development among the more actively browsed options in the area, reflecting steady rental interest from property seekers.
Most-searched Units: StudioPricing by Unit Types:
- 3-Bedroom Units:
- Avg Asking Price: RM 3K
- Avg PSF: RM 2 psf
- Available Units: 2
- 4-Bedroom Units:
- Avg Asking Price: RM 3K
- Avg PSF: RM 2 psf
- Available Units: 3
Location & Lifestyle Highlights — Olive Tree Residences 120m (1-2 mins) to TERMINAL BAS BAYAN BARU — This major transport hub provides extensive bus routes that link you easily to the airport, industrial zones, and both Penang bridges. Olive Tree Residences offers a truly private, low-density living experience right in the heart of Bayan Baru's commercial hub, where you can enjoy the convenience of having hotel facilities and retail shops just downstairs. It is a rare freehold find that places you directly next to the world-class sPICE Convention Centre, making it perfect for those who want a vibrant urban lifestyle without the crowds. Nearby hotspots: Bus Stops:
- TERMINAL BAS BAYAN BARU (120m, 1-2 mins) — A key transit point right at your doorstep for effortless commuting across the island.
- HAB BAYAN BARU (167m, 1-2 mins) — Quick access to the local bus network for short trips around the neighborhood.
- STRAITS INTERNATIONAL SCHOOL (899m, 10-11 mins) — High-quality international education located within a comfortable walking distance for students.
- SMK RAJA TUN UDA (947m, 11-12 mins) — A nearby secondary school option that makes the morning school run much simpler for local families.
- SJK(C) MIN SIN (1112m, 13-14 mins) — Established primary education located just a short drive or brisk walk away.
- JN DENTAL SURGERY (231m, 2-3 mins) — Professional dental care available just a few minutes away for routine check-ups.
- RELAU RURAL CLINIC (714m, 8-9 mins) — Accessible community healthcare services for general medical needs.
- PANTAI INTEGRATED REHAB (SATELLITE) (799m, 9-10 mins) — Specialized rehabilitation and wellness support located conveniently close to home.
- JAYAMAS (460m, 5-6 mins) — A handy spot for picking up daily essentials and household items quickly.
- MAYANG MALL (654m, 7-8 mins) — Nearby retail destination offering a variety of shops and services for weekend errands.
- D'PIAZZA MALL (690m, 8-9 mins) — A popular local hub for dining and retail therapy just a short stroll away.
- SYED CAFE BRIYANI (10m, 1 min) — Famous local flavors located practically at your doorstep for a quick and tasty meal.
- PAPER LOBSTER (19m, 1 min) — Premium dining options available within the immediate vicinity for special occasions.
- AZUMA SUSHI (251m, 3-4 mins) — Quality Japanese cuisine located just a short walk away for sushi lovers.
- BANK ISLAM (541m, 6-7 mins) — Convenient banking services located within the main commercial district.
- MAYBANK (688m, 8-9 mins) — Easy access to full banking facilities and ATMs for your daily financial needs.
- COSMOPOINT COLLEGE (229m, 2-3 mins) — Tertiary education facilities located just around the corner for students and staff.
- KOLEJ KOMUNITI BAYAN BARU (914m, 11-12 mins) — Local community college providing vocational training and adult education nearby.
- MYNEWS.COM (470m, 5-6 mins) — Perfect for grabbing a quick snack, drink, or magazine on the way home.
- HAPPY MART (665m, 8-9 mins) — Reliable 24-hour convenience for any last-minute grocery needs.
- MASJID RELAU (669m, 8-9 mins) — A nearby community mosque providing a convenient place for prayer and gatherings.
- MASJID UMAR AL KHATAB (957m, 11-12 mins) — Another accessible religious facility serving the local Bayan Baru community.
Market & Sale Insights
Olive Tree Residences presents a market profile characterized by significant capital value growth over recent years.
- PG Pulse Insight: The project has demonstrated a notable upward trend in capital value, reflecting its positioning within the local market.
Published date: November 4, 2026