M Vista @ Southbay is among one of the developments from Mah Sing Group in Penang. The project is a single serviced residence tower housing 237 residential units, soaring 23-storeys high. Located in Batu Maung, the property looks upon the coast of Penang Island, ensuring residents a scenic view of the ocean, and the city life of the town.
There are 5 different layouts for buyers to choose from, with built-ups starting from 536 sf, and a launched price from RM330,000 onwards. Suitable for small families, young adults and working families, the serviced residence is also protected with a 24-hour security system.
There is a number of facilities to allow residents to get the most of their stay in M Vista @ Southbay. The barbecue area, which can be used for gatherings, overlooks the swimming pool that is right next to it. There is also a cloud forest garden, which residents can go to for some fresh air or take a light stroll through greenery.
For the fitness and wellbeing go-getters, a garden gym, an indoor gym and a yoga deck are made available for the purpose. The children will get to enjoy the playground within the residence, and parents can keep a close eye from the parent’s corner, how thoughtful. Other themed gardens include a secret garden and a resting pod garden with a reflective pool. There is also a sky lounge where gatherings can take place.
M Vista @ Southbay is located close to a plethora of amenities, with one of them being the Penang War Museum. There are also other amenities such as restaurants, banks, service centres and workshops within short driving distance. Another huge advantage is that the property is situated close to the Penang International Airport, as well as universities like Universiti Sains Malaysia and INTI International College Penang. These factors could be used to the investors' advantage, where they can convert their units into student accommodations.
The serviced residence can be accessed easily via the Tun Dr. Lim Chong Eu Highway, and the Second Penang Bridge. Via these routes, residents can also reach other townships like Bayan Lepas, Gelugor and Georgetown. It is also a stone’s throw away from the first Penang Bridge, which provides an alternative route for residents who often travel to the mainland.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| M Vista @ Southbay | 2021 |
RM449,000
-
RM1,100,000
RM 535 psf - RM 915 psf |
RM1,100 - RM1,100 | NIL | 3.18 % |
| Southbay Plaza @ Southbay City | Apr 2016 |
RM526,500
-
RM1,330,000
RM 473 psf - RM 928 psf |
RM1,600 - RM1,600 | NIL | 2.84 % |
| Southbay City | Apr 2016 |
RM1,200,000
-
RM1,900,000
RM 383 psf - RM 559 psf |
From RM1,500 | NIL | NIL |
| Legenda @ Southbay | Nov 2013 |
RM4,500,000
-
RM5,480,000
RM 600 psf - RM 802 psf |
NIL | NIL | NIL |
| Residence @ Southbay | Aug 2011 |
RM1,000,000
-
RM1,980,000
RM 376 psf - RM 757 psf |
RM2,000 - RM2,000 | NIL | 2.05 % |
| Sunway Mutiara | 2008 |
RM1,550,000
-
RM1,580,000
RM 526 psf - RM 537 psf |
From RM1,500 | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 33,000 |
| Loan Amount ( 90 %) | RM 297,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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