6 Houses for Sale at Olive Tree Residences
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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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The project retains a presence in recent search activity for the local market, drawing on 30 days of PropertyGuru search activity. This condominium continues to draw buyer interest in the local market, maintaining its relevance among those exploring residential options in the area.
Pricing by Unit Types:- 3-Bedroom Units:
- Avg Asking Price: RM 747K
- Avg PSF: RM 451 psf
- Available Units: 3
- 4-Bedroom Units:
- Avg Asking Price: RM 997K
- Avg PSF: RM 537 psf
- Available Units: 3
- TERMINAL BAS BAYAN BARU (120m, 1-2 mins) — Major local transit point offering a wide range of bus services for easy commuting.
- HAB BAYAN BARU (167m, 1-2 mins) — Secondary bus hub providing additional routes for better neighborhood connectivity.
- STRAITS INTERNATIONAL SCHOOL (899m, 10-11 mins) — Quality educational facility within walking distance for families with school-aged children.
- SMK RAJA TUN UDA (947m, 11-12 mins) — Established local secondary school serving the community's educational needs.
- SJK(C) MIN SIN (1112m, 13-14 mins) — Reputable primary school located just a short drive or brisk walk away.
- JN DENTAL SURGERY (304m, 3-4 mins) — Nearby dental care for quick and easy routine check-ups.
- RELAU RURAL CLINIC (714m, 8-9 mins) — Accessible local clinic for general medical consultations and healthcare needs.
- PANTAI INTEGRATED REHAB (SATELLITE) (799m, 9-10 mins) — Specialized rehabilitation services located conveniently close to home.
- JAYAMAS (460m, 5-6 mins) — Local retail spot perfect for picking up daily essentials without traveling far.
- MAYANG MALL (654m, 7-8 mins) — Nearby shopping destination offering a variety of retail choices and services.
- D'PIAZZA MALL (690m, 8-9 mins) — Lifestyle mall featuring diverse shops and amenities for weekend leisure.
- SYED CAFE BRIYANI (10m, 1 min) — Famous local flavors right at your doorstep for a quick and tasty meal.
- PAPER LOBSTER (19m, 1 min) — Premium seafood dining located just seconds away from the residence.
- AZUMA SUSHI (251m, 3-4 mins) — Quality Japanese cuisine nearby for family dinners or casual outings.
- BANK ISLAM (541m, 6-7 mins) — Full-service banking facility within easy reach for all financial transactions.
- MAYBANK (688m, 8-9 mins) — Convenient branch access for one of the region's largest banking networks.
- PUBLIC BANK (716m, 8-9 mins) — Reliable banking services located just a short walk away.
- COSMOPOINT COLLEGE (229m, 2-3 mins) — Higher learning institution nearby, making it convenient for students and academic staff.
- KOLEJ KOMUNITI BAYAN BARU (914m, 11-12 mins) — Local community college providing vocational and educational opportunities.
- MYNEWS.COM (470m, 5-6 mins) — Handy spot for quick snacks, drinks, and daily reading materials.
- HAPPY MART (665m, 8-9 mins) — Local convenience store for last-minute household needs.
- 7-ELEVEN (749m, 9-10 mins) — Round-the-clock access to essentials and quick refreshments.
- MASJID RELAU (669m, 8-9 mins) — Local mosque providing a nearby place for community prayer and reflection.
- MASJID UMAR AL KHATAB (957m, 11-12 mins) — Accessible religious facility serving the spiritual needs of the neighborhood.
Olive Tree Residences maintains a stable market position with a focus on capital preservation in the current property cycle.
- PSF Appreciation: RM498.745 psf → RM494.354 psf over recent years (-0.88%) from 2023 - 2024.
- PG Pulse Insight: The project shows a marginal adjustment in PSF value, indicating a period of price consolidation for investors.
Published date: August 3, 2026