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.

Property Type
Town
Land Tenure
Freehold
Built-up
3,000 sf - 3,130 sf (House)
Market Price
RM1,250,000 - RM1,590,000 (House)
Density
-NA-
Completed In
Early 2013
Launch Price
About RM400 psf

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:

House Layouts

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:

DateTypeBuilt-upPrice
TodayCondominium1,708 sfRM1,300,000
TodayTerrace3,130 sfRM1,400,000
TodayTerrace3,031 sfRM1,200,000
TodayCondominium1,615 sfRM838,350
TodayCondominium1,714 sfRM769,500
TodayCondominium1,714 sfRM990,000
23 Feb 2021Terrace3,120 sfRM1,250,000
16 Feb 2021Retail1,100 sfRM880,000
19 Feb 2021Condominium1,714 sfRM855,000
19 Feb 2021Condominium1,722 sfRM1,300,000

Latest Southbay for rent listings:

DateTypeBuilt-upRental
TodayShop-Office2,330 sfRM5,000
TodayShop-Office1,260 sfRM1,500
2 Mar 2021Condominium1,111 sfRM1,850
20 Feb 2021Shop-Office2,683 sfRM6,500
2 Mar 2021Condominium1,111 sfRM1,850
1 Mar 2021Condominium1,708 sfRM2,000
25 Feb 2021Room In House-NA-RM650
25 Feb 2021Room In House-NA-RM700
25 Feb 2021Condominium1,700 sfRM1,900
25 Feb 2021Condominium1,200 sfRM1,600
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