Batu Maung · Subsale Market
The Loft @ Southbay City Subsale — Batu Maung, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your 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 currently run about RM900 per sq ft (from roughly RM 980K).
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 3 months of SPA. No 36-month construction wait.
Verified surroundings
Batu Maung's noise levels, traffic, neighbour mix, and JMC quality are known quantities at The Loft @ Southbay City.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
5 things to check before signing the The Loft @ Southbay City SPA
- 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
The Loft @ Southbay City key facts
- Developer
- Mah Sing Group
- Area
- Batu Maung, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2017
- Total units
- 156
- Asking PSF
- RM900
- Price from
- RM 980K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Loft @ Southbay City:
View full The Loft @ Southbay City profile →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 360K – 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
The Loft @ Southbay City subsale — common questions
Where is The Loft @ Southbay City located?
The Loft @ Southbay City is in Batu Maung, Penang, developed by Mah Sing Group and completed in 2017.
Is The Loft @ Southbay City freehold or leasehold?
The Loft @ Southbay City is freehold.
How much is a The Loft @ Southbay City unit?
Subsale asking prices at The Loft @ Southbay City start from roughly RM 980K (about RM900 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a The Loft @ Southbay City subsale unit?
Subsale asking prices at The Loft @ Southbay City vary by unit floor, view, and renovation level. The most accurate current figures come from active listings — WhatsApp Zac for the live shortlist with prices and floor plans for available units.
Is The Loft @ Southbay City a good buy in the subsale market?
The Loft @ Southbay City in Batu Maung is a completed building, which means immediate occupancy, verifiable neighbour quality, established maintenance fees, and a known JMC track record. The case for subsale here is no construction risk and a proven location — versus paying a new-launch premium for an unbuilt unit.
What should I check before signing a subsale SPA at The Loft @ Southbay City?
Five things to verify: (1) sinking fund health and any pending special assessments, (2) last 3 maintenance billings and how strict collection is, (3) JMC meeting minutes for the last 12 months, (4) common-area condition (pool, lifts, lobbies), (5) structural age of internal pipes (especially for buildings 10+ years old). Ask the listing agent to provide these as part of the offer process.
Can foreigners buy a The Loft @ Southbay City subsale unit?
Yes, subject to Penang state minimums (RM 1,000,000 for stratified properties on Penang Island; RM 600,000 on the mainland) and state consent (typically 2-4 months processing). MM2H holders are treated the same as other foreign buyers for property purchase rules.
How long does a subsale purchase at The Loft @ Southbay City take?
Typical timeline: 2-3 weeks from offer acceptance to SPA signing, then 3 months to completion (90-day SPA period). Faster than a new launch because no construction wait. Plan for stamp duty + legal fees (~3-4% of purchase price) at completion.
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.