Southbay Residence, Southbay
Southbay Residence (also known as Residence @ Southbay) is a freehold landed housing estate located in Southbay, Batu Maung. There are 288 units available at this project with built-up from 3,000 sf to 3,130 sf. It was developed by Mah Sing Group Bhd, and was completed in about 2011.
Mah Sing Group Bhd is a huge real estate company listed on KLSE, and it has constructed around 74 real estate projects in Malaysia. Other similar projects by the same developer are Avens Residence, Clover, Damansara Legenda, Garden Residence, Hijauan Residence, Jacaranda, Kinrara Residence, M Residence, M Residence 2 and Palmiera.
The only amenities nearby this landed housing estate are some schools. Several of the schools here are SK Batu Maung, SMK Batu Maung and SMK Permatang Damar Laut.
The current market prices for Southbay Residence are from RM1,310,000 to RM1,590,000 (about RM420 psf); while the monthly rentals are from RM2,300 to RM2,800 (about RM0.80 psf). The highest median price psf ever recorded was RM466 psf in Q1 2015; while the lowest one was RM351 psf in Q1 2012.
The current rental yield of Southbay Residence is around 2.15%, compared to 2.31% 2 years ago in Q4 2017. The highest rental yield ever recorded was 2.8% in Q4 2012; while the lowest one was 1.71% in Q3 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Southbay Residence is 6-bedroom / 3,130 sf with a median price of RM420 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 RM420 psf.
Latest Southbay Residence for sale listings:
Latest Southbay Residence for rent listings:
|28-May-19||Room In House||-NA-||RM750|
|20-May-19||Room In House||-NA-||RM600|
|04-May-19||Room In House||-NA-||RM600|
|25-Mar-19||Room In House||-NA-||RM600|