The Loft @ Southbay City

Condominium
Southbay City, Jalan Batu Maung Off Tun Dr. Lim Cong Eu H...
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Developer

Mah Sing Group
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Developer of The Loft @ Southbay City, Mah Sing Group

Facilities

Gymnasium
Children's playground
Wading pool
Reading room
Multi-purpose room
Pool with bar seating
2.5-acre recreational decks
3-tier cascading pool
Lounge with sea view

The Loft @ Southbay City is the second phase of the 34.5-acre integrated township of Southbay City, situated in the southeast corner of the Penang Island – an all-suite condominium targeted to complete in 2017. With just 3 suites to a floor and 2 dedicated lifts that bring residents almost to the doorstep of their unit, exclusivity is a key concept of the low-density condominium.

There are three recreational decks in The Loft. The centerpiece of the garden pool level is no doubt the 3-tiered freeform pool with water cascading over its infinity edges, while level 15 has a sky bridge connecting the reading lounge and gym, granting stunning views of the Malacca Strait. Other facilities include a children’s playground, wading pool, multipurpose rooms and a pool bar.

The Loft offers few designs of regular units varying from 1,378 sf to 1,680 sf. Type A and B have 3+1 bedrooms and 3 bathrooms each, while Type C has 3 bedrooms and 2 bathrooms. All the units are designed with high ceilings and large windows, as well as sweeping panoramic sea views from the living, dining, master bedroom and second bedroom.

Private garden units, Type A1, Type B1 and Type C1 units are located on the fourth level (Level 3A) of the condominium. With adjoining expansive garden yards and outdoor terraces within the boundaries of the resident’ private units, they truly present an ideal combination between having a personal outdoor garden and the convenience of luxury facilities just a few steps away from one’s home.

Type D, the penthouse, is a sprawling 5,963 sf unit. It comes with its own private lift foyer, two separate entrances, 5+1 bedrooms – most of them with their own dressing area – 6 bathrooms and an additional powder room.

Services and amenities are aplenty in the towns surrounding The Loft like Batu Maung and Bayan Lepas. It is also well-positioned 1km from the Second Penang Bridge, 3km to the Queensbay Mall, which houses anchor tenants like the Golden Screen Cinemas, retailers Harvey Norman and the Borders bookstore, and 7km to the Penang International Airport. Penang’s capital city George Town is also just 15km away.

Combined with the fact that Southbay City has won several awards, among them the Cityscape Asia Real Estate Award 2010 and Best Waterfront Development (Future), The Loft appears to be a good choice for buyers seeking an exclusive property or investors looking for properties with good returns on investments.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants


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Today
(Under Construction)
2017 Dec
(Year of Completion)
  • RM 1,600,800 - RM 5,806,800
  • NIL
  • NIL
  • RM0.35psf
Built Up
1,378 sq ft - 5,963 sq ft
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storey
30
Total Units
156
Parking
NIL

Nearby Amenities

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 (%)
The Loft @ Southbay City Dec 2017 NIL NIL NIL NIL
Southbay Plaza @ Southbay City Apr 2016 RM 810,000 - RM 1,400,000
RM 729 psf - RM 885 psf
RM 1,800 - RM 1,800 NIL 2.61 %
Southbay City Apr 2016 RM 1,430,000 - RM 1,430,000
RM 456 psf - RM 456 psf
RM 2,900 - RM 2,900 NIL 2.43 %
Legenda @ Southbay Nov 2013 From RM 4,200,000 RM 2,000 - RM 2,000 NIL NIL
Residence @ Southbay Aug 2011 RM 1,300,000 - RM 2,080,000
RM 424 psf - RM 880 psf
RM 2,800 - RM 2,800 RM 981,041 (RM 454 psf) 1.99 %
Sunway Mutiara 2008 RM 1,550,000 - RM 2,200,000
RM 333 psf - RM 537 psf
RM 2,000 - RM 2,000 RM 1,279,612 (RM 452 psf) 1.28 %
13 For Sale in Southbay Plaza @ Southbay City 14 For Rent in Southbay Plaza @ Southbay City 1 For Sale in Southbay City 1 For Rent in Southbay City 2 For Rent in Legenda @ Southbay 12 For Sale in Residence @ Southbay 4 For Rent in Residence @ Southbay

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 RM 146 psf - -
1,000 - 1,500 sq ft - - -
1,500 - 2,500 sq ft - RM 479 psf -
2,500 - 4,000 sq ft - RM 488 psf -
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 Logo hong leong2

    Down Payment (10%) RM 160,080
    Loan Amount ( 90 %) RM 1,440,720
    Tenure Years 35 Years
    Interest Rate 4.85%
    Others (Estimation) RM 10,000
    Apply with Hong Leong Bank now
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By Hong Leong Bank
    Maintenance Fee
    RM 482 ±
    RM 0.35 psf (1,378 sq ft)
    Total Monthly Expenses
    RM 3,000 ±

    Disclaimer

    The information shown is indicative and for illustration only. HLB 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 HLB reserves the right to approve or reject such applications without assigning any reason therefore.

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