From
RM1.6mil
RM1065/sqft
Price From
RM1.6mil
Built-Up
1,690–1,700 sqft
Total Units
156
Price Insights
Developer Asking Price
RM947/sqft
Based on RM1.6mil ÷ 1,690 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Batu Maung, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced above the area median — typical for new launches with premium finishes.
Subsale Transaction Data
VerifiedOfficial govt records for THE LOFT @ SOUTHBAY CITY
Transactions
12
Latest
Jul 2024
The Loft @ Southbay, Penang Review — Worth Buying?
NP Score
8.2/10
Worth Considering
Asking PSF
RM947
per sqft
The case for buying
- Freehold title ensures long-term property ownership and value retention
- Reputable Mah Sing Group developer guarantees quality construction standards
- Strategic Batu Maung location offers growing residential and commercial development
- Competitive pricing presents strong investment potential in Penang property market
- Proximity to Southbay commercial hub ensures excellent amenities access
The honest verdict
Value & Pricing
At RM1.6M+ for a Penang condominium in Batu Maung, the pricing is positioned at the mid-to-premium segment; competitiveness depends on unit size, amenities, and comparison with nearby developments, requiring detailed specification review to assess value proposition.
Location & Connectivity
Batu Maung offers suburban convenience with proximity to Penang's commercial corridors, though the absence of nearby MRT access limits public transport options and may necessitate private vehicle reliance, potentially affecting long-term appeal as connectivity infrastructure evolves.
Risk & Timing
The unspecified completion date presents a planning uncertainty for investors; combined with Penang's relatively softer property market compared to Klang Valley, project delivery timelines and post-completion absorption rates warrant verification before commitment.
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- Market price analysis — is it fairly priced?
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- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
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Project Details
Property Type
Condominium/Apartment
Land Tenure
Freehold
Construction Status
Completed
Expected Completion
2017
Total Units
156
Bumi Discount
Not Available
PSF From
RM1065/sqft
About The Loft @ Southbay, Penang
Unit Types
- 3BR 1690sqft
- 3+1BR 1700sqft
The Loft @ Southbay, Penang Video Tour
Watch a video tour of The Loft @ Southbay, Penang in Batu Maung, Penang. Condominium/Apartment by Mah Sing Group.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Facilities & Amenities
Why Consider The Loft @ Southbay, Penang?
Based on location data and market analysis
- ✓Freehold title ensures long-term property ownership and value retention
- ✓Reputable Mah Sing Group developer guarantees quality construction standards
- ✓Strategic Batu Maung location offers growing residential and commercial development
- ✓Competitive pricing presents strong investment potential in Penang property market
- ✓Proximity to Southbay commercial hub ensures excellent amenities access
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM5,700–7,700
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 3.1% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
18.1x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Batu Maung
Browse real verified transaction prices for nearby properties
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 6,553/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 10,922/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →Frequently Asked Questions
What is the price of The Loft @ Southbay, Penang?▼
The Loft @ Southbay, Penang starts from RM1.6mil. Contact the developer directly on NewProjek for the latest pricing.
Where is The Loft @ Southbay, Penang located?▼
The Loft @ Southbay, Penang is located in Batu Maung, Penang, Malaysia.
Who is the developer of The Loft @ Southbay, Penang?▼
The Loft @ Southbay, Penang is developed by Mah Sing Group. They are a verified developer on NewProjek.
What type of property is The Loft @ Southbay, Penang?▼
The Loft @ Southbay, Penang is a Condominium/Apartment development with Freehold tenure. It comprises 156 units.
What is the construction status of The Loft @ Southbay, Penang?▼
The Loft @ Southbay, Penang is currently Completed. Expected completion is 2017.
Berapa harga The Loft @ Southbay, Penang?▼
The Loft @ Southbay, Penang dijual bermula dari RM1.6mil. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent The Loft @ Southbay, Penang?
This project is already completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (12 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →
Mah Sing Group
Malaysia's leading property developer with award-winning residential and commercial projects.
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View all projects by Mah Sing Group →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
View 12 Transactions →You May Also Like
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