12 Houses for Rent at Olive Tree Residences, Bayan Baru, Penang
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.
Explore iProperty
Olive Tree Residences is a freehold condominium in Bayan Baru, Penang. There are currently 12 listing(s) available for rent on iProperty Malaysia. The listings start from RM3K for units with 1,500 sqft.
You can search for other projects within Bayan Baru such as Pangsapuri Mahsuri (Lorong Mahsuri 12), Puteri Indah, and D'Piazza. Find your ideal properties, contact verified agents, and compare prices only with iProperty Malaysia.
Top Amenities & Facilities at Olive Tree Residences
Olive Tree Residences provides essential facilities designed to support the daily needs and peace of mind of its residents. The project focuses on core utilities that contribute to a functional living environment.
- Parking
- 24-hour security
Pricing by Unit Type
- 4-Bedroom
- Average asking rent: RM 3K / month
- vs. Bayan Baru avg. rent: RM 3K / month (14.64% above average)
- Positioning: Above average.
- Listings: 8
- 3-Bedroom
- Average asking rent: RM 3K / month
- vs. Bayan Baru avg. rent: RM 6K / month (43.34% below average)
- Positioning: Below average.
- Listings: 4
Neighbourhood at a Glance
Olive Tree Residences provides renters with immediate access to local dining and essential services, with Paper Lobster located just 19 m away. This location allows for practical day to day living with various amenities reachable within a short walk.
- TRANSPORT: Spice Station, 861 m (10 minutes walking distance)
- HEALTHCARE: Jn Dental Surgery, 231 m (3 minutes walking distance)
- RETAIL: D'Piazza Mall, 690 m (8 minutes walking distance)
- EDUCATION: Cosmopoint College, 229 m (3 minutes walking distance)
- FOOD & BEVERAGE: Paper Lobster, 19 m (1 minute walking distance)
- CONVENIENCE STORE: Mynews.Com, 470 m (6 minutes walking distance)
Ready to Move In?
12 homes are currently available to rent at Olive Tree Residences, from RM2,800 to RM3,500 per month. See what's currently available and shortlist your favourites.
This copy was published on 25 September 2026.











