The Loft @ Southbay, Penang
Powered by NAPIC + DOSM data
Generated 16 April 2026
Developer
Mah Sing Group
Location
Batu Maung, Penang
Type
Condominium/Apartment
Price
TBA
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Pricing details remain unavailable (TBA), making valuation assessment premature; however, Mah Sing Group's established track record suggests competitive positioning, though final value proposition cannot be determined without confirmed pricing and unit specifications.
- •**Location & Connectivity**: Batu Maung offers established residential appeal with proximity to amenities, but lacks direct MRT access, creating dependency on vehicle ownership or bus connectivity; accessibility to Penang's business districts may require 20-30 minutes travel time.
- •**Risk & Timing**: Absence of specified completion timeline introduces execution risk and potential delays in occupancy; early-stage project status limits transparency on market demand, and uncertain delivery dates warrant cautious commitment pending clearer developer milestones.
NewProjek Score
8.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Completed project — no construction risk
Is this project priced fairly?
Price comparison data not available for this project.
Pulau Pinang — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM470,000 | — |
| 2022 | RM482,000 | +2.6% |
| 2023 | RM495,000 | +2.7% |
| 2024 | RM508,000 | +2.6% |
| 2025 | RM520,000 | +2.4% |
Est. Monthly Rental
—
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Area Price Trend
+10.6%
NAPIC data 2021–2025
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ✅ Yes |
| RM7,000 | RM1.0 mil | ✅ Yes |
| RM10,000 | RM1.5 mil | ✅ Yes |
| RM15,000 | RM2.3 mil | ✅ Yes |
| RM20,000 | RM3.2 mil | ✅ Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Penang
Median Household Income
RM6,502/mo
DOSM 2022
Mean Household Income
RM8,267/mo
DOSM 2022
Households Above RM8k
~37%
Estimated for Penang
✅ Why Consider
- • Located in Batu Maung, Penang
- • Freehold title property
- • By Mah Sing Group
⚠️ Risk Factors
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.