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Southbay City
Southbay City, Jalan Permatang Damar Laut, Batu Maung, 11960 Bayan Lepas, Penang
Condominium
Serviced Residence
Terrace
Bungalow
Shop
Office
Details:
Developer
Mah Sing Group Berhad
View developer's profile
Property Details
2016
Apr
(Year of Completion)
(Year of Completion)
This project was completed 8 years ago
RM795,000 - RM5,938,400
From RM838,000
From RM1,500
Built Up
1,107 SQ. FT - 12,514 SQ. FT
Land Title
Mixed
Tenure
Freehold
Total Blocks
17
Total Storeys
30
Total Units
802
Parking
Min. 1
Description
Southbay City is an ambitious, multi-billion ringgit integrated township development within the prime location of Batu Maung, Penang. Covering an expansive area of more than 34.5 acres, the township aims to bring the concept of living, working and relaxing within a sea-side enclave amidst a lively, urban setting.
Winner of the 2010 Cityscape Asia Real Estate Award for Best Waterfront Development (Future), the architectural and town-planning marvel had drawn inspiration from the Sydney Harbour in Australia, Canary Wharf in London and Spanish resorts dotting the Mediterranean sea. The township comprises of several residential and commercial projects, namely Southbay City, Legenda @ Southbay and Residence @ Southbay, which will be completed by phases.
Southbay Plaza makes up the first phase of the development, with sea-front retail shops and residential suites. Retail shop-lots are available in a variety of sizes ranging from a spacious 1,200 sf to a whopping 14,000 sf while residential suites are set to be sold at comfortable sizes of between 1,028 sf to 1,645 sf.
Southbay Legenda on the other hand, is a collection of 3 to 4-storey, luxury resort bungalows, namely Legenda Scenic, Deluxe and Grande. The resort homes come in massive built-up spaces of between 6,460 sf to 7,300 sf with some layout types even featuring their very own pool. Southbay Residences, the last phase of the integrated development, is comprised of 277 units of 3-storey link houses, also set within a resort-style neighbourhood. The premium properties are spacious with built-up sizes of 3,130 sf up to 3,413 sf.
In all, Southbay City aims to encompass an impressive collection of landed properties, 1 high-rise corporate office tower, 2 hotel towers, 5 blocks of shop-offices, and 9 towers of serviced suites. There is also a Cheng Hoe memorial Hall and a petrol station, proposed to be included within the township.
Southbay City will enjoy convenient accessibility to other parts of Penang via the Tun Dr. Lim Chong Eu Expressway and Jalan Sultan Azlan Shah, making Georgetown a short 25 minutes drive from the development and just minutes from Bayan Lepas and the second Penang bridge.
Southbay City is set to bring urban luxury to the region of Batu Maung, where most developments have been lower-medium to medium cost residences aimed at the working community. The strategic location of Southbay City within the peripheries of Bayan Lepas and the second Penang bridge enables it to be conveniently close enough for ease of everyday commute to work while also providing a sea-side sanctuary for residents to return to at the end of the day.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
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Shops / Malls
Nothing found within 10km
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Places of Worship
Nothing found within 10km
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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 City | Apr 2016 |
RM1,200,000
-
RM1,900,000
RM 383 psf - RM 559 psf |
From RM1,500 | NIL | NIL |
| 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 % |
| 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 | - | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 146 psf
Non Landed Properties
RM 504 psf
Landed Properties
RM 552 psf
Commercial Properties
Note:
- This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
- 'Nearby distance' is based on 1 kilometre
- Average Rental Yield takes into account an estimated amount of maintenance fees
My Affordability:
| Down Payment (10%) | RM 79,500 |
| Loan Amount ( 90 %) | RM 715,500 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(1,107 SQ. FT)
Total Monthly Expenses
RM 3,000 ±
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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