Southbay Plaza @ Southbay City is situated in what is arguably, one of Penang’s most accessible district, Batu Maung. The collection of serviced suites and retail lots are Phase 1 of the ambitious, Southbay City integrated township project. The development was completed in April of 2016 and towers over the once quiet town of Batu Maung at 30-storeys high. Residences at Southbay Plaza are comprised of 2 blocks of serviced suites with a single, 3 storey block of commercial shop-lots just below.
Retail units at Southbay Plaza are available in an array of sizes to suit different business needs. Units on the first floor are built between the sizes of 1,050 sf to1,397 sf while those on the second floor will be slightly larger, at 2,570 sf to 2,934 sf. Retail units on the top floor are largest in size with expansive spaces of between 4,350 sf to a massive 12,514 sf. Units on the front of the plaza also feature large floor to ceiling glass windows.
Southbay Plaza serviced suites are designed with luxury and ideal living in mind. The units feature high ceilings and wide balconies to enable a heightened sense of spaciousness and enable views of the Malacca Straits. Amenities and facilities within the residences are also purposefully designed to promote healthy living and leisure within a lush, landscaped environment. These include an infinity pool, gymnasium, reading corner, party deck, barbecue area and children’s playground.
Serviced suites at Southbay Plaza come in an impressive assortment of 8 layouts to pick from, with a variety of sizes and layouts customisable to the different needs and tastes of every individual and family. Type A residences are sized at 1,107 sf with 2 bedrooms, Type B at 1,111 sf with 1+1 bedrooms while Type C also has 2 bedrooms with an overall unit size of 1,214 sf. Type D units are evidently more spacious at 1,761 sf with 3 bedrooms, followed by Type E at 1,760 sf with 3+1 bedrooms. Type F has 3 bedrooms but are slightly smaller than D and E units at 1,433 sf. Type G and Type H both have 3+1 bedrooms with built-up spaces of 1,708 sf and 1,714 sf respectively.
Units at Southbay Plaza, whether retail or residential, can be owned at launch prices beginning from RM800,000 to RM5,938,400 which many consider value for money given its strategic location accessible from the Tun Dr. Lim Chong Eu Expressway and Jalan Sultan Azlan Shah, as well as the luxurious amenities available.
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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 (%) |
|---|---|---|---|---|---|
| Southbay Plaza @ Southbay City | Apr 2016 |
RM526,500
-
RM1,330,000
RM 473 psf - RM 928 psf |
RM1,600 - RM1,600 | NIL | 2.84 % |
| M Vista @ Southbay | 2021 |
RM449,000
-
RM1,100,000
RM 535 psf - RM 915 psf |
RM1,100 - RM1,100 | NIL | 3.18 % |
| 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 80,000 |
| Loan Amount ( 90 %) | RM 720,000 |
| 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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