Where is Olive Tree Residences located?

Olive Tree Residences is located in Bayan Baru, Penang, Malaysia.

How much is rent at Olive Tree Residences?

1 unit is available to rent at Olive Tree Residences, at RM 3,500 per month (listings as of 3 Nov 2026).

What have units at Olive Tree Residences recently transacted for?

JPPH has recorded 62 sales of units at Olive Tree Residences, the latest in Dec 2024. The median of the 11 sales in the last three years (Dec 2023 to Dec 2024) is RM 750,000 (about RM 471 per sq ft). Most sold between RM 680,000 and RM 828,000.

Is Olive Tree Residences near the Penang LRT?

The nearest planned Mutiara Line station is SPICE, about 0.3 km from Olive Tree Residences in a straight line. The line is under construction, and MRT Corp expects it to open in December 2031.

Condominium

Olive Tree Residences

Bayan Baru, Penang

Olive Tree Residences is a condominium in Bayan Baru, Penang. 1 unit for rent from RM 3,500 a month; JPPH median RM 750,000 from 11 sales in the last 3 years (62 recorded, latest Dec 2024).

Nearest planned LRT station: SPICE (0.3 km), Mutiara Line, under construction

For rent

RM 3,500/mo

JPPH transactionsMedian RM 750,000 · RM 471 psf· 11 sales in the last 3 years · 62 recorded · latest 2024-12

Olive Tree Residences @ Bayan Baru for Rent 3+1 Bedrooms 2 Bathrooms 2 Carpark Built-up 1,688 sq ft Fully renovated Fully furnishes Rental RM 3,500

Olive Tree Residences key facts

Property type: Condominium
Location: Bayan Baru, Penang
Nearest planned LRT station: SPICE, about 0.3 km (Mutiara Line, under construction)
Units listed: 0 for sale, 1 for rent
Asking rent range: RM 3,500 per month
Median transacted price: RM 750,000 (JPPH, 11 sales in the last 3 years)

Listings as of 3 Nov 2026. JPPH records to Dec 2024.

Project details

Type: Condominium

3-bedroom condo for rent in Bayan Baru, Penang - Olive Tree Residences @ Bayan Baru

Listed 17 May 2026

RM 3,500/mo

Olive Tree Residences @ Bayan Baru for Rent

3221,688 sqftCondo

Bayan Baru, Penang

Edwin Khor

Ask the agents who list here

This agent has units at Olive Tree Residences on Rummah right now and can tell you about others in the building.

Edwin Khor
ZEON PROPERTIES INTERNATIONAL Sdn Bhd · 1 unit here
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JPPH median here: RM 750,000 (RM 471 psf). Check what yours is worth from JPPH transacted prices, free and without signing up.

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Property transactions

62 recorded sales · Jan 13 – Dec 24

MedianRM 750,000

PSFRM 471

DateTypeSizePricePSF

1,600 sqft×30

RM 770,000 med476

Sep-24Condominium1,594RM 700,000439

CondominiumRM 700,000

Sep-24 · 1,594 sqftRM 439 psf

Sep-24Condominium1,593RM 700,000439

CondominiumRM 700,000

Sep-24 · 1,593 sqftRM 439 psf

Aug-24Condominium1,594RM 680,000427

CondominiumRM 680,000

Aug-24 · 1,594 sqftRM 427 psf

Aug-24Condominium1,593RM 680,000427

CondominiumRM 680,000

Aug-24 · 1,593 sqftRM 427 psf

Aug-24Condominium1,617RM 828,000512

CondominiumRM 828,000

Aug-24 · 1,617 sqftRM 512 psf

Aug-24Condominium1,615RM 828,000513

CondominiumRM 828,000

Aug-24 · 1,615 sqftRM 513 psf

1,750 sqft×19

RM 990,000 med568

Dec-24Condominium1,744RM 900,000516

CondominiumRM 900,000

Dec-24 · 1,744 sqftRM 516 psf

Dec-19Condominium1,733RM 794,000458

CondominiumRM 794,000

Dec-19 · 1,733 sqftRM 458 psf

Aug-19Condominium1,742RM 925,000531

CondominiumRM 925,000

Aug-19 · 1,742 sqftRM 531 psf

Jun-19Condominium1,742RM 850,000488

CondominiumRM 850,000

Jun-19 · 1,742 sqftRM 488 psf

Mar-19Condominium1,744RM 880,000505

CondominiumRM 880,000

Mar-19 · 1,744 sqftRM 505 psf

Mar-19Condominium1,742RM 880,000505

CondominiumRM 880,000

Mar-19 · 1,742 sqftRM 505 psf

Legend Recent Highest price Highest psf

Recorded sale prices · JPPH / NAPIC