Southbay Plaza is the first phase of the Southbay City located in Batu Maung, Penang. It is a freehold development by Mah Sing Group consisting of retail shops and serviced residence.The retail shops of Southbay Plaza combine rich businesses and retail experience with one of the most vibrant lifestyles in Penang. The units are designed with various layouts to give flexibility for business owners to work with and the interior spaces are free from interrupting columns. There will also be glassy facade that gives dazzling array of reflections.The built-up areas for the Southbay Plaza retail shops differ depending on the story, whereby the 1-storey shops will have built-up areas ranging from 1,200 to 1,500 sf, the 2-storey shops will have built-up areas ranging from 2,800 to 3,200 sf, the 3-storey shops will have built-up areas ranging from 4,500 to 14,000 sf and there are retail lots ranging from 909 to 4,019 sf.Southbay Plaza's serviced residence blend luxury amenities with life-enhancing benefits for an ideal luxurious style of living. The 30-storey residence are designed with high ceilings and large balconies for viewing stunning panoramic sceneries. Furthermore, there will be green features surrounding the residential suites to promote a healthy lifestyle.There will be eight types of residential suites in Southbay Plaza with distinctive layouts and built-up areas. Type A will have 2 bedrooms with built-up area of 1,107 sf, Type B will have 1 + 1 bedrooms with built-up area of 1,111 sf, Type C will have 2 bedrooms with built-up area of 1,214 sf, Type D is a duplex with 3 bedrooms and built-up area of 1,761 sf, Type E is a duplex with 3 + 1 bedrooms and built-up area of 1,760 sf, Type F will have 2 bedrooms with built-up area of 1,433 sf, Type G will have 3 + 1 bedrooms with built-up area of 1,708 sf and Type H will have 3 + 1 bedrooms with built-up area of 1,714 sf.Upon completion, Southbay Plaza will have many facilities that will be available to all residents such as swimming pool, infinity pool, gymnasium and 2-tier security. Myriad amenities are available within the vicinity of Southbay Plaza which include cafes, mini markets, restaurants, local eateries, shop lots, primary schools and secondary schools.Strategically located in the most accessible location in Penang, Southbay Plaza are only mere kilometers away from the Penang Bridge, Second Link Bridge, Bayan Lepas Expressway, Penang International Airport and the future network of water taxis along the Penang Strait. It is also within the service route of Rapid Penang public transportation.
Property Details
Name: Southbay Plaza Address: Off Jalan Bayan Lepas, Batu Maung, 11900 Bayan Lepas, Penang Developer: Mah Sing Group Type: Retail & Serviced Residence Tenure: Freehold No. of Storey Serviced Residence: 30 No. of Bedrooms: 2 - 4 Built-up Retail: From 1,050 sf Serviced Residence: From 1,107 sf Launch Price: From RM600,000Layouts
Retail Shop 1-Storey Shop (1,200 - 1,500 sf) 2-Storey Shop (2,800 - 3,200 sf) 3-Storey Shop (4,500 - 14,000 sf) Retail Lot (909 - 4,019 sf) Serviced Residence Type A: 2 bedrooms (1,107 sf) Type B: 1 + 1 bedrooms (1,111 sf) Type C: 2 bedrooms (1,214 sf) Type D: 3 bedrooms (1,761 sf) Type E: 3 + 1 bedrooms (1,760 sf) Type F: 2 bedrooms (1,433 sf) Type G: 3 + 1 bedrooms (1,708 sf) Type H: 3 + 1 bedrooms (1,714 sf)Facilities
Parking Swimming pool Infinity pool Gymnasium 2-tier securityAnalysis
Batu Maung is one vicinity of Penang that is currently being developed to offer better lifestyle. As Southbay Plaza is being developed by one the most prominent developer in Malaysia, Mah Sing Group, it has been situated in the most strategic location with designs that has caught the attention of many buyers and investors. Some main concerns that have been brought up regarding Southbay Plaza is the noisiness that might come from nearby highways and the congested traffic on the main road as well the Second Link Bridge. During peak times, drivers in the area will usually be get stuck in traffic when going to work in the morning and coming home in the evening. Considering the great location of many attractions nearby, Southbay Plaza has an affordable starting price for buyers and investors. Not only the development will have a great value for capital appreciation, but it is a perfect place to invest for long term or short term rental incomes.As of August 2014, the actual layout, the exact facilities and the completion date has not yet been exposed publicly. Nevertheless, Southbay Plaza is now open for registration, so for those who wanted to be updated with upcoming news will be able to register on their website.
