19 Houses for Sale at University Place (Plaza Ivory)
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University Place (Ivory Plaza) is a freehold development with an outstanding design and construction. It is exactly situated in Halaman Bukit Gambir, Penang. The development of the University Place (Ivory Plaza) was done by the Ivory Properties Group in the year 2004. It is one of the top most wanted place to live in the Penang island because of its outstanding location and the amenities present in the area. University Place (Ivory Plaza) offers a great living experience not just to residents but also to those people who come to visit its market. Everything is available in this development and it can be considered as a self-sufficient development. A proper market is present below the apartments in the University Place (Ivory Plaza). A multipurpose hall is also available in the University Place (Ivory Plaza). The residents can also enjoy their time in the lounge with their friends whenever they are free. Sauna and surau facility is provided to the residents in the University Place (Ivory Plaza). There is a launderette facility as well provided in the market below of the University Place (Ivory Plaza). Inside University Place (Ivory Plaza), there is a basketball court, a gymnasium, a swimming pool and a jogging track so that the residents can live healthy. University Place (Ivory Plaza) competes with all the major highly in demand properties of the area, so the development company provided the residents with everything in the University Place (Ivory Plaza). Security is also very tight and trained security professionals are present to guard the development 24 hours. Parking is also provided to the residents of the University Place (Ivory Plaza). University Place (Ivory Plaza) has a great accessibility especially for bus and taxis. It can be accessible from a multiple location in Penang island. The residents can go anywhere as well because the bus stop is just in front of the University Place (Ivory Plaza). Since, the University Place (Ivory Plaza) is just adjacent to the University Sains Malaysia, private transportation services such as Grab is always present 24 hours a day in the area. Connectivity of the area is very easy and people from all over the Penang want to live in this area. Residents can also use the Jalan Bukit Gambier to move to any location and access the University Place (Ivory Plaza). Schools and universities are also present very near to the University Place (Ivory Plaza). As discussed before, University Place (Ivory Plaza) is located just adjacent to the University Sains Malaysia. There is a kindergarten school as well present in the University Sains Malaysia for the children of the residents. Other than that Elizabeth ballet Academy and SMK Bukit Jambul are also present near to the University Place (Ivory Plaza). Shopping spots are very near to the University Place (Ivory Plaza). Residents can go to the Queensbay Mall and Bukit Jambul Plaza very easily just within few minutes. Tesco Extra is also very near to the University Place (Ivory Plaza) just 5 minutes drive away from the development. Mosque is also present just below the development, in the University Sains Malaysia and next to the University Sains Malaysia as well. For enjoy food, the residents can just come to the ground floor and enjoy all kind of Indian, Arabic, Indonesian, Malaysian and Pakistani food. University Place (Ivory Plaza) is also very famous for its food point. Residents from the nearby location come to eat food at the University Place (Ivory Plaza). It is a high density development and is always full of people. University Place (Ivory Plaza) also known as the Ivory Plaza is a high rise development. It has 29 floors and there are 247 residential units with different designs. The covered area of the units is in between 900 sq ft and 1000 sq ft. The units in the University Place (Ivory Plaza) have can be purchased within the price of RM 428,000 and RM 850,000. It is one of the highest in demand property of the Penang Island. People from the University Sains Malaysia love to live in it because of its proximity to the university. They can just walk to the University Sains Malaysia and reach their destination in few minutes. The rental of the furnished apartment is very attractive and it starts from RM 1300 per month. Rental of a non furnished flat starts from RM 1000 per month.Project Name: University Place (Plaza Ivory)Configuration: 247 residential unitsThe following projects are by the same developer as University Place (Plaza Ivory):The Peak ResidencesBirch Regency – Times SquareThe View CondominiumBirch The Plaza – Times SquareThe following developments are in the same neighbourhood as University Place (Plaza Ivory):The Tamarind @ Seri Tanjung PinangQuaysideMarinox Sky VillasAll Seasons ParkMira Residence
DeveloperIvory Properties Group Sdn Bhd
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Recent search activity highlights the project's visibility, showing a 26.39% share of local searches in Sunway Bukit Gambier based on PropertyGuru search data over the past 30 days. This level of interest indicates that the property remains a significant point of focus for those exploring residential options in the immediate vicinity.
Pricing by Unit Types:- 2-Bedroom Units:
- Avg Asking Price: RM 600K
- Avg PSF: RM 569 psf (0% higher compared to Sunway Bukit Gambier average of RM 569 psf)
- Available Units: 1
- 3-Bedroom Units:
- Avg Asking Price: RM 475K
- Avg PSF: RM 499 psf (2.74% lower compared to Sunway Bukit Gambier average of RM 513 psf)
- Available Units: 10
- RST BUS STATION (522m, 6-7 mins) — Main bus hub offering frequent services for a smooth daily commute.
- PADANG KAWAD (607m, 7-8 mins) — Convenient secondary stop providing more route options for residents.
- SMK BUKIT JAMBUL (1177m, 14-15 mins) — Well-known secondary school located within a short drive or bus ride for local students.
- SJK (CINA) KEONG HOE, SUNGAI DUA (1531m, 18-19 mins) — Established primary school option for families seeking vernacular education nearby.
- ELIZABETH BALLET ACADEMY (1736m, 20-21 mins) — Specialized dance academy offering enrichment classes for children and hobbyists.
- JABRA SERVICE CENTRE (173m, 2-3 mins) — Nearby facility providing quick access to essential health-related services.
- NIBONG PHARMACY (1266m, 15-16 mins) — Reliable local pharmacy for prescriptions and daily healthcare needs.
- USM NATIONAL POISON CENTRE J15 (1268m, 15-16 mins) — Specialized medical resource located within the university grounds.
- IVORY PLAZA (128m, 1-2 mins) — Immediate retail hub located right below the units for ultimate daily convenience.
- THE PALAZZIA (897m, 10-11 mins) — Nearby commercial complex offering a variety of niche shops and services.
- LOTUS'S (1286m, 15-16 mins) — Large hypermarket perfect for weekly grocery runs and household shopping.
- NAZRI CAFE TOMYAM (0m, 0 min) — Popular local eatery located right at the development for a quick and tasty meal.
- ALFRESCO COFFEE (61m, 1 min) — Easy spot for a morning caffeine fix or a casual meeting just steps away.
- NASI KANDAR ISTEMAWA (141m, 1-2 mins) — Famous local flavors available within a very short walk from the entrance.
- HONG LEONG BANK (1774m, 21-22 mins) — Full-service banking branch for managing personal and business finances.
- 7-ELEVEN (152m, 1-2 mins) — Round-the-clock convenience for snacks, drinks, and emergency supplies.
- ARENA MART (904m, 10-11 mins) — Handy neighborhood mart for quick grocery pick-ups.
- SURAU IVORY PLAZA (48m, 1 min) — On-site prayer facility providing great convenience for Muslim residents.
- MASJID TAMAN PEKAKA (1061m, 12-13 mins) — Major local mosque serving the surrounding community.
- K14 PUSAT SUKAN DAN REKREASI (675m, 8-9 mins) — University sports center offering excellent facilities for an active lifestyle.
- M01 DESASISWA RESTU (814m, 9-10 mins) — Part of the vibrant USM campus environment that defines this neighborhood.
Highly attractive for: University Staff and Students, Savvy Rental Investors, Young Families, Active Urbanites
University Place (Plaza Ivory) demonstrates a positive capital growth trend with increasing price per square foot metrics.
- PSF Appreciation: RM615.638 psf → RM634.535 psf over recent years (+3.07%) from 2023 - 2025
- PG Pulse Insight: The project shows a steady upward trajectory in capital value with a PSF appreciation of +3.07%, indicating sustained interest in the development.
Published date: June 17, 2026


































