Those who are interested in landed property and like condominium facilities should head for the Mah Sing Properties’ booths during the three-day The Star Property Fair 2009, which kicks off at G Hotel and Gurney Plaza in Penang this Friday.
The developer will showcase its RM241mil SouthBay Residence project comprising 284 three-storey link houses that come with condo facilities such as a guardhouse, clubhouse and swimming pool in Batu Maung in Penang.
Its general manager Tan Hun Beng said the units were selling fast with only some 60 bumiputra lots left for purchase.
“We have applied for and conformed with all the requirements needed for the bumiputra lots to be released beginning of next year.
“Potential housebuyers who are interested will be placed on the waiting list with some 300 others,” he said, adding that 70% of the units were snapped up within two weeks after the official launching in May this year.
Tan said everything that was behind the guardhouse in the gated and guarded landed property was considered private owned, unlike certain landed property where the service roads or drains belong to the government.
“In other words, each of the 284 houseowners is actually a shareholder of the property.
“Besides, the availability of comprehensive clubhouse facilities and round-the-clock security are also plus points for this project,” he said, adding that each unit was priced from RM900,000 onwards with a built-up area of over 3,000 sq ft.
Construction work started in June and is scheduled for completion by end of next year.
The SouthBay Residence comes under the SouthBay project which comprises two other projects — SouthBay Legenda comprising 76 hillside bungalows and SouthBay City, a tourism development comprising hotels, a shopping complex, a themed restaurant, a food court, the Admiral Cheng Ho Memorial Hall and a sculpture garden.
Tan said the three projects, located a stone’s throw away from one another, sit on a 35ha piece of land which was bought in June 2007.
On the bungalows priced from RM3.5mil onwards, he said the 76 units with built-up areas ranging from 5,000 sq ft to 8,000 sq ft would be open for registration during the three-day fair.
“One of the unique features of SouthBay Legenda, comprising three and four storey resort bungalows, is that each unit is fitted with a lift and a private swimming pool,” he said. - The Star