Sale Price *

Average

RM 706 psf

Range

RM 631 - 825 psf

Rental Price **

Average

N/A

Range

N/A

Rental Yield **

2.66%

Rental income expressed as a percentage of the property's value.

Sale Price *

Average

RM 706 psf

Range

RM 631 - 825 psf

Rental Price **

N/A

Range

N/A

Rental Yield **

2.66%

Rental income expressed as a percentage of the property's value.

The Loft @ Southbay, Batu Maung Insights

Developer	:Vienna View Development Sdn Bhd
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:The Loft @ Southbay
Street Name	:The Loft, Jalan Muzium Perang, 11960, Penang
Postal Code	:11920
Property Type	:Condominium/Apartment
Tenure	:
District/Planning Area	:Batu Maung
Completion	:N/A
Number of Landed Units	:0 units
Number of Non Landed Units	:157 units
Sold Price Range/Average*	:RM 631 psf - RM 825 psf / RM 706 psf
Leased Rental Range/Average**	:
Implied rental yield**	:2.66%
Historical High	:RM 867 psf in Jun 2022 for a 1,615-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 676 psf in May 2023 for a 538-sqft unit
Buyer Profile by Residential Status	:
Buyer Profile by Purchaser Address	:

*Based on transactions in the last 48 months.

**Based on asking rental data in the last 12 months. May not be representative.

Amenities

24-hour Security

Car Park

Swimming Pool

Park and Garden

Reading Room

About This Project

The Loft @ Southbay City is a high-rise low-density residential development strategically located in Batu Maung, close to Sultan Halim Muadzam Shah Bridge (Penang Second Bridge) and just a mere 7km from Penang International Airport. Set on a 3.71-acre site, the development is part of the integrated 33-acre Southbay City and comprise of two 30-storey towers with 157 luxury suites.

The built ups ranging from 1,378 sq. ft. to 1,680 sq. ft. Each floor only houses three residential units to maximise the residents’ enjoyment of the Island’s panoramic south-eastern waterfront and cityscape. Several units also come with a private garden. The Loft offers several facilities exclusively for the residents which include a sky gym, a unique three-tiered pool, pavilions, a sky bridge and viewing deck. The development has recently been awarded the “Five-Star for Leisure Development Malaysia” award at the Asia Pacific Property Awards in 2015.

The Loft has brought the epitome of leisure living to newer heights in Penang. With panoramic views of both the Straits of Malacca and the Island’s cityscape, the residents are spoilt with both stunning views of sunrise and sunset. This development is suitable for upgraders and growing families.

Sales Transaction of The Loft @ Southbay

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Price Comparison with Nearby Properties (UP to 50)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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Price Comparison with Nearby Properties

(Properties Within 1km)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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