The Loft, Southbay

The Loft (also known as Southbay Loft) is a freehold condominium located in Southbay, Batu Maung. There are 156 units available at this project with built-up from 1,378 sf to 1,722 sf. It was developed by Mah Sing Group Bhd with a launch price of around RM900 psf, and was completed about 2017.

Mah Sing Group Bhd is a huge 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 Austin Suites, Cerrado, Ferringhi Residence, Ferringhi Residence 2, Icon Residence, Icon Residenz, M Suites, Meridin Suites, Pangsapuri Setia Impian and Residensi Seri Wahyu.

Property Type
Condominium
Land Tenure
Freehold
Built-up
1,378 sf - 1,722 sf
Market Price
RM940,000 - RM1,700,000
Density
156 Units
Completed In
2017
Launch Price
About RM900 psf

The only amenities nearby this condominium are some schools. Several of the schools here are SK Batu Maung, SMK Batu Maung and SMK Permatang Damar Laut.

The current rental yield of The Loft is around 1.73%, compared to 2.68% a year ago in Q3 2020. The highest rental yield ever recorded was 4.9% in Q1 2021; while the lowest one was 1.73% in Q3 2021. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at The Loft is 3-bedroom / 1,680 sf with a median price of RM770 psf. For price wise, the most expensive one is 4-bedroom / 1,615 sf with a median price of RM1,050 psf; while the cheapest one is 3-bedroom / 1,615 sf with a median price of RM580 psf.

Latest The Loft for sale listings:

DateTypeBuilt-upPrice
25 Sep 2021Condominium1,680 sfRM1,800,000
16 Aug 2021Condominium1,720 sfRM811,000
8 Aug 2021Condominium1,680 sfRM1,600,000
4 Aug 2021Condominium1,680 sfRM1,600,000
5 Jul 2021Condominium1,680 sfRM1,300,000
27 Jun 2021Condominium1,420 sfRM1,190,000
24 Jun 2021Condominium1,680 sfRM1,600,000
22 Jun 2021Condominium1,722 sfRM811,049
2 Jun 2021Condominium1,680 sfRM1,600,000
21 May 2021Condominium1,714 sfRM721,710

Latest The Loft for rent listings:

DateTypeBuilt-upRental
30 Oct 2021Condominium1,680 sfRM3,000
16 Aug 2021Condominium1,680 sfRM2,000
30 Jul 2021Condominium1,680 sfRM3,000
28 Jul 2021Condominium1,680 sfRM2,300
22 Jul 2021Condominium1,680 sfRM2,000
20 Jul 2021Condominium1,378 sfRM1,900
27 Jun 2021Condominium1,680 sfRM2,000
26 Jun 2021Condominium1,680 sfRM2,000
22 Jun 2021Condominium1,680 sfRM2,000
22 Jun 2021Condominium1,680 sfRM2,000
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