Batu Maung · Subsale Market
The Loft @ Southbay City Subsale — Batu Maung, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
The Loft @ Southbay City is a completed freehold condominium in Batu Maung, Penang, completed in 2017 by Mah Sing Group. It has 156 units. Subsale asking prices start from roughly RM 760K.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-09.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,325–1,615 | RM760,000 | ~RM574 |
Zac’s Take
Zac Ong
Start with the psf: RM900 is roughly a quarter above what Batu Maung generally trades at, and what you are buying with it is floor area rather than address. Layouts run 1,325 to 1,615 sqft across only 156 units, completed by Mah Sing in 2017 inside Southbay City, and it is freehold, which still counts for something on the island. The record does not confirm the land title, and on a Southbay City block that is the first thing I would have the lawyer check before any deposit changes hands. It fits an own-stay family working the Batu Maung tech belt who wants a big floor plate and few neighbours. Not for a yield hunter working off a low entry price, and not for anyone who expects to reach George Town without a car.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Loft @ Southbay City subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Batu Maung's noise levels, traffic, neighbour mix, and JMC quality are known quantities at The Loft @ Southbay City.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
The The Loft @ Southbay City pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
The Loft @ Southbay City price 2026
What The Loft @ Southbay City trades at on the sub-sale market, last checked 2026-10-09.
| Asking from | RM760,000 – RM1.92M |
| Built-up | 1,325 – 1,615 sqft |
| Completed | 2017 |
| Units | 156 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM760,000–1.92M; 1,615–1,720 sq ft three-bedrooms around RM1.6M–1.8M.
The building is 9 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M minimum is cleared by the larger units, though not at the entry price. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
The Loft @ Southbay City for sale & for rent
Looking to buy or rent a unit in The Loft @ Southbay City? Asking prices and rents move with the market and with the specific unit — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
The Loft @ Southbay City key facts
- Developer
- Mah Sing Group
- Area
- Batu Maung, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2017
- Total units
- 156
- Price from
- RM 760K
Batu Maung — area snapshot
Full area guide →Batu Maung is a quieter southern corner of the island near the second Penang Bridge. The area is developing steadily with a mix of mid-range condos and landed homes.
Price range
RM 405K – RM 1.1M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
3
completed projects
Total tracked
6
properties in this area
Other projects in Batu Maung
All 5 others we track here, cheapest first — 2 of them still selling.
- M Vista @ SouthbayRM405K
- Ventus & TradesmenRM480K
- M ZenniRM531K
- Sunway CassiaRM920K
- Phoenix ResidencesRM1.12M
The Loft @ Southbay City subsale — common questions
What is the price of The Loft @ Southbay City?
2026 listings about RM760,000–1.92M; 1,615–1,720 sq ft three-bedrooms around RM1.6M–1.8M.
Is The Loft @ Southbay City freehold or leasehold?
The Loft @ Southbay City is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at The Loft @ Southbay City?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was The Loft @ Southbay City completed?
The Loft @ Southbay City was completed in 2017 by Mah Sing Group, so homes here are bought from existing owners.
How big are the homes at The Loft @ Southbay City?
Homes range from about 1,325 to 1,615 sq ft. There are 156 homes in total.
More on the neighbourhood:
Batu Maung area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.