Southbay, Batu Maung
Southbay (also known as Southbay City) is a freehold town located in Batu Maung, Bayan Lepas. It is a luxurious development introduced to the southern Penang Island region, where most developments have been lower to medium cost residences catering to the working community of MNCs in Bayan Lepas. It is a tranquil and safe neighbourhood but the main road can be quite congested during rush hours as it is located right next to the factories in the Bayan Lepas Free Industrial Zone.
The built-up available in this town is 3,000 sf to 3,130 sf for houses. It was developed by Mah Sing Group Bhd with a launch price of around RM400 psf, and was completed about Early 2013.
Mah Sing Group Bhd is a very big-sized real estate company listed on KLSE, and it has undertaken around 87 real estate projects in Malaysia. Other similar projects by the same developer are Aman Perdana, Meridin East and Southville City.
The only amenities nearby this town are some schools. Few of the schools here are SK Batu Maung, SK Permatang Damar Laut, SMK Batu Maung and SMK Permatang Damar Laut.
The current rental yield of Southbay is 2.17% for houses. The highest rental yield ever recorded was 3.23% in Q3 2013 (House); while the lowest one was 1.88% in Q2 2015 (House). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Southbay for houses is 6-bedroom / 3,130 sf with a median price of RM400 psf. For price wise, the most expensive one is 6-bedroom / 3,000 sf with a median price of RM530 psf; while the cheapest one is 6-bedroom / 3,130 sf with a median price of RM400 psf.
Latest Southbay for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| Today | Condominium | 1,708 sf | RM1,300,000 |
| Today | Terrace | 3,130 sf | RM1,400,000 |
| Today | Terrace | 3,031 sf | RM1,200,000 |
| Today | Condominium | 1,615 sf | RM838,350 |
| Today | Condominium | 1,714 sf | RM769,500 |
| Today | Condominium | 1,714 sf | RM990,000 |
| 23 Feb 2021 | Terrace | 3,120 sf | RM1,250,000 |
| 16 Feb 2021 | Retail | 1,100 sf | RM880,000 |
| 19 Feb 2021 | Condominium | 1,714 sf | RM855,000 |
| 19 Feb 2021 | Condominium | 1,722 sf | RM1,300,000 |
Latest Southbay for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| Today | Shop-Office | 2,330 sf | RM5,000 |
| Today | Shop-Office | 1,260 sf | RM1,500 |
| 2 Mar 2021 | Condominium | 1,111 sf | RM1,850 |
| 20 Feb 2021 | Shop-Office | 2,683 sf | RM6,500 |
| 2 Mar 2021 | Condominium | 1,111 sf | RM1,850 |
| 1 Mar 2021 | Condominium | 1,708 sf | RM2,000 |
| 25 Feb 2021 | Room In House | -NA- | RM650 |
| 25 Feb 2021 | Room In House | -NA- | RM700 |
| 25 Feb 2021 | Condominium | 1,700 sf | RM1,900 |
| 25 Feb 2021 | Condominium | 1,200 sf | RM1,600 |