Southbay, Batu Maung
Southbay (also known as Southbay City) is a freehold town that is located in Batu Maung, Bayan Lepas. Southbay seems to be a refreshing addition to the southern Penang Island region which has been cluttered with developments predominantly catering to the working community of MNCs in Bayan Lepas. It stands out as a luxurious development that offers more than just a place to call home. The tranquility and safety offered by the neighbourhood meet the basic criteria of a residential area, while the luxury and exclusivity add value to the place. However, the location of the development may pose challenges during rush hours as it is situated close to the busy Bayan Lepas Free Industrial Zone, which can lead to unavoidable traffic congestion. Nonetheless, Southbay's luxurious offerings and level of comfort justify its somewhat steep price for prospective homeowners and investors.
The built-up available in this town is 1,650 sf to 7,170 sf for houses. It was developed by Mah Sing Group Bhd, and was completed around Early 2013.
Mah Sing Group Bhd is a very large real estate company listed on KLSE, and it has undertaken around 88 real estate projects in Malaysia. Other similar projects by the same developer are 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 2.9% for houses. The highest rental yield ever recorded was 3.04% in Q4 2022 (house); while the lowest one was 1.78% in Q4 2020 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Southbay for houses is 6-bedroom / 3,130 sf with a median price of RM450 psf. For price wise, the most expensive one is 7-bedroom / 6,830 sf with a median price of RM810 psf; while the cheapest one is 5-bedroom / 3,000 sf with a median price of RM400 psf.
Latest Southbay sale listings:
| Tarikh | Jenis Hartanah | Binaan | Harga |
|---|---|---|---|
| Today | Condominium | 1,615 sf | RM801,900 |
| 28 Nov 2023 | Condominium | 1,615 sf | RM801,900 |
| 20 Nov 2023 | Shop-Office | 2,331 sf | RM950,000 |
| 20 Nov 2023 | Terrace | 3,130 sf | RM1,180,000 |
| 18 Nov 2023 | Terrace | 3,130 sf | RM1,240,000 |
| 1 Nov 2023 | Apartment | 1,615 sf | RM612,000 |
| 10 Nov 2023 | Condominium | 1,420 sf | RM1,250,000 |
| 3 Nov 2023 | Condominium | 1,722 sf | RM612,000 |
| 25 Oct 2023 | Condominium | 1,615 sf | RM990,000 |
| 28 Oct 2023 | Condominium | 1,615 sf | RM612,000 |
Latest Southbay rental listings:
| Tarikh | Jenis Hartanah | Binaan | Sewaan |
|---|---|---|---|
| 25 Nov 2023 | Condominium | 1,111 sf | RM2,500 |
| 27 Oct 2023 | Condominium | 840 sf | RM2,200 |
| 30 Oct 2023 | Condominium | 1,111 sf | RM2,500 |
| 31 Oct 2023 | Apartment Room | -NA- | RM850 |
| 29 Oct 2023 | Condominium | 1,111 sf | RM2,500 |
| 28 Oct 2023 | Condominium | 1,111 sf | RM2,000 |
| 27 Oct 2023 | Condominium | 1,111 sf | RM2,000 |
| 27 Oct 2023 | Condominium | 1,111 sf | RM2,000 |
| 27 Oct 2023 | Condominium | 1,111 sf | RM2,200 |
| 26 Oct 2023 | Condominium | 1,120 sf | RM2,000 |