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The Loft @ Southbay City

Southbay City, Jalan Batu Maung Off Tun Dr. Lim Cong Eu Highway, 11900 Batu Maung, Penang
Condominium
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Details:

Developer

Developer of The Loft @ Southbay City, Mah Sing Group Berhad
Mah Sing Group Berhad
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Chinese ad 4621 326x150 01

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

Property Details

2017 Dec
(Year of Completion)
This project was completed 7 years ago
RM1,600,800 - RM5,806,800
RM0.35psf
Built Up
1,378 SQ. FT - 5,963 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storeys
30
Total Units
156

Description

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 (None)
Batu Maung
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Nearby Amenities:

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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 (%)
The Loft @ Southbay City Dec 2017 RM838,000 - RM2,000,000
RM 518 psf - RM 1,451 psf
RM2,200 - RM2,200 NIL 1.58 %
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 - - -
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 160,080
Loan Amount ( 90 %) RM 1,440,720
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM482 ±
RM 0.35 psf (1,378 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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