Southbay Plaza


Southbay Plaza is phase 1 of Southbay City development situated at Batu Maung, Penang. Strategically located with easy access to Bayan Lepas Industrial Area, Penang International Airport and the 2nd Link Bridge which is due for completion in 2013.

Southbay Plaza @ Southbay City, a freehold project developed by Mah Sing Group consists of retail shops and residential suites.

Retail Shops
1-storey retail shop : 1,200 sq.ft. to 1,500 sq.ft.
2-storey retail shop : 2,800 sq.ft. to 3,200 sq.ft.
3-storey retail shop : 4,500 sq.ft. to 14,000 sq.ft.

Residential Suites
Type A (1 bedroom) : 1,028 sq.ft.
Type B (1 + 1 bedrooms) : 1,150 sq.ft.
Type C (2 bedrooms) : 1,345 sq.ft.
Type D (2 bedrooms) : 1,500 sq.ft. (Duplex)
Type E (2 bedrooms) : 1,620 sq.ft. (Duplex)
Type F (3 + 1 bedrooms) : 1,645 sq.ft.

Property Project : Southbay Plaza
Location : Southbay City, Batu Maung, Penang
Property Type : Retail Shop, Residential Suite
Tenure : Freehold
Developer : Enrich Property Development Sdn Bhd (A subsidiary of Mah Sing Group)

105 comments

May 17, 2010 at 2:34 AMRookie

Anyone know what is the price for the residential suites?

 
May 17, 2010 at 2:11 PMJohn

Does Penang really have the market to have so many plazas? I mean... look at Times Square...

 
May 17, 2010 at 4:47 PMCL

John - looks like developer trying to give Penangite a better lifestyle i.e. bigger space, cooler environment, less crowded. You can experince these now if you go to Time Square but pity all the owners cos no income. So retail lot investors, now it is time to open up your eyes before any decision making!Best to bet on only landed residential

 
May 17, 2010 at 6:34 PMKW

Hmm… I wonder how the traffic flow look like when the when the 2nd Penang Bridge open? Coaster highway (Lebuhraya Bayan Lepas) and Jalan Permatang Laut (to Teluk Kumbar) will need expend?

 
May 17, 2010 at 7:01 PMconcern

Wow! Penang people really crazy want to stay nearby factory zone, highway or even near bridge, these area very polluted by noise, dust and dirty air.

 
May 18, 2010 at 11:01 AMPlazzy

@concern

Are you staying in Penang?
If everybody gets to choose, of cause everybody wants to stay in superb place which is surrounded by greens, with birds chirping away every morning when you wake up, and there are little nice streams flowing behind your house ...

But thats not the case right? our wallet does not allow that.

Dust - Everywhere also got
Dirty air - due to the traffic or due to the factory?
Noise - I agree, beside highway is very noisy.

In fact i am not worry about all the above items, I am more interested in why MahSing thinks that Penang has such a huge market to accommodate all this projects. They must have seen something in Penang that we normal layman don't.

 
May 18, 2010 at 3:30 PMliz

How much each type of residential suites?
When going to launch?

 
May 18, 2010 at 9:00 PMAJ

i think not worth to buy since only 1 room. suitable as service apartment

 
May 18, 2010 at 9:53 PMKK

1 room is good as holiday or retired home. perhaps for pilot, cabin crew, etc.

i believe the room will be very spacious given the number of rooms vs the built-up area.

i just hate 3 bedrooms apartment squeezed into 1,000 to 1,200sf built-up.

 
May 19, 2010 at 2:25 PMszern

when is the launching date?
how much the selling price per sf?

 
May 20, 2010 at 12:33 AMJohn

Interesting project.

Selling price announced?

 
May 20, 2010 at 1:29 PMYK

Per sq. ft price is approximately RM400. They're going to have soft launch very soon. Advanced selling is priorities for existing Southbay project buyers.

 
May 24, 2010 at 8:50 PMKK

halo plazzy.. someone share the similar view as yours. quoted from skyscrapercity

awesome designs..... crazy.... i really feel it's got potential... lots of people travel from exclusive residential locations in the north of penang al the way to the south industrial zone or to the mainland and also to the airport... mah sing is quite intelligent and brilliant to scan deep and see that building a self-contained township here would be successful as it will be in the centre of important hubs like industrial , airport and bridges (accessibility)... something that many other developer didn't see.. many people never thought that this place could hv potential...

 
May 24, 2010 at 8:51 PMKK

By Racheal Lee of theedgeproperty.com

Wednesday, 19 May 2010 18:51

SINGAPORE: Malaysian developers Sime Darby Property Bhd, Mah Sing Group Bhd, Iskandar Investment Bhd and Pjcc Development Sdn Bhd made the country proud at the 2010 Cityscape Asia Real Estate Awards on May 18, Cityscape Intelligence reported.

Sime Darby Property took home the Best Green Development (Future) with its carbon-neutral residence Sime Darby Idea House, while Mah Sing Group was recognised as the Best Waterfront Development (Future) with its Southbay project in Penang.

Iskandar Investment won Best Developer – Commercial/Office/Retail (Future) with its Lifestyle Mall at Medini, Johor. Meanwhile, Petaling Jaya Commercial City Development by Pjcc Development Sdn Bhd bagged the Best Developer – Mixed Use (Future) award.

The 2010 Cityscape Asia Real Estate Awards pay tribute to developers in a dozen categories spanning Corporate Social Responsibility, Green Development, Urban Design and Master Planning through to the best developments in Waterfront, Retail, Commercial, Residential, and Mixed Use Project (with a built and future award in each category). The event was attended by over 200 property developers and was held at Singapore’s Pan Pacific Hotel.

In the environmentally friendly category, Citi @ 3 by Ascendas Pte Ltd won the Best Green Development (Built). Thailand’s luxury waterfront residential development Aquaminium by Royal Phuket Marina, meanwhile, was honoured for being the Best Waterfront Development (Built).

Dalian Ascendas IT Park by DLSP (Dalian Soft Park) Ascendas Co Ltd walked away with the Best Urban Design & Master Planning award.

Developments from India had a strong presence at the event. Shubh Griha by Tata Housing Development Co Ltd took the Best Corporate Social Responsibility Development award and Raheja Developers Ltd’s Raheja Mall grabbed the honours for Best Developer – Commercial/Office/Retail (Built).

Shanghai World Expo Culture Center Expo Site by Shanghai World Expo Performing Arts Center Co Ltd came up tops in the Best Developer -- Mixed Use (Built) segment, while Singapore’s Beaumonde by Sheth Developers Pte Ltd and Cube 8 by City Developments Ltd were winners for Best Developer -- Residential (Built) and Best Developer -- Residential (Future) respectively.

2010 Cityscape Asia Real Estate Awards’ website added that a panel of international judges rated each project on its contribution to world architecture, culture, invention and imagination, respect for the people and environmental awareness and appropriateness in the emerging and recently developing countries in Asia.

Cityscape Asia is an annual exhibition and conference focusing on all aspects of the real estate development cycle. The event started on May 18 and will end on May 20 at the Singapore International Convention and Exhibition Centre (Suntec Singapore).

 
May 30, 2010 at 12:58 AMNK Engineering

I am planning to buy a property in Penang Island and this is my first property,can someone give me some idea.
1)What is the different condo with service apartment?
2)Are this project worth to buy if the pricing is RM400 per sqf?

 
May 30, 2010 at 9:53 AMconcern

Too near to FTZ area who like to see factory view, normally residence area should not build too near to factory and polluted zone. Better ask your boss build extra bed room, house above below or beside factory, no more traffic jam, save traveling, save money on petrol and etc.

 
May 30, 2010 at 9:17 PMPeter Grant

Actually most of the factories in Bayan Lepas do not produce much air pollution, mainly semiconductor and electronics assembly plants. Maybe some water pollution, air pollution from vehicles and heat. At the tip of Batu Maung where South Bay is located is surrounded by sea, so would expect good flow of sea breeze. So unlike KL which is a valley with highways criss crossing it air pollution would be a problem for the whole of KL and PJ, here the sea really nuetralizes alot of it.

 
June 24, 2010 at 4:35 PMProp

Residential suites or Service apartment, this is under commercial title. Higher utilities bill, and at the sametime buyers "may" not be protected under HBA. At first i am quite interested, but now I have to think twice. Anybody knows of any success story of service apartment in penang Island?

 
June 24, 2010 at 4:58 PMJS

well Prop, it depends on the sale & purchase agreement. if adopt schedule H, then should not be a problem.

 
June 30, 2010 at 8:17 AMJohn

if you buy this location, make sure you

7am - 9am you cannot come home from town cos it rush hour to work.

530pm - 730pm you cannot go to town cos it rush hour after work

If you drive in/out on this rush hour, i bet within a year, you will sell off your property there cos you pay for premium

 
July 2, 2010 at 7:12 PMJS

john, basically no issue because

7am-9am normally go to work NOT come home from town

530pm-730pm normally back home NOT go to town

given the locality and the concept and its future potential, i look up this project highly.

eagerly waiting for them to launch, want to get a unit :)

 
July 7, 2010 at 11:28 PMEC

Is the 1st block sea-facing? Can someone pin-point where it is?

 
July 10, 2010 at 6:44 PMJS

EC, both towers also command seaview.

 
July 26, 2010 at 7:58 PMAndrew

Visited the fair last week. It's RM450/sq now.
If compare to SouthBay resident which is landed and non commercial title, this is super over priced.
SB resident is selling at RM970k to RM1.1 mil which is sub sale calling price at this point, it is only RM313/sq to RM355/sq.

 
July 26, 2010 at 10:24 PMJeff

I have been following up with this project for quite sometimes. I must say that I feel a bit disappointed as Mah Sing has been delaying this, changed the building plans and units couple of time including making the sea-fronting units all 1600sf for easier sales and revenue. Now with the latest price changed, i think i gonna give up, it doesn't worth for a commercial title, no direct seaview for smaller units, and its in Batu Maung! I wonder how much Mahsing paid for this piece of land as compare to IJM's project along jelutong, and many other new projects around which selling <=450psf with residential titles. I will go for Summerplace sub-sales instead.

 
July 29, 2010 at 1:10 PMCharice

I look at the jam along the coastal road, it will be a nightmare. The second link is expected to divert some of the traffics from Penang bridge to the upcoming second link. It will be a nightmare for those staying here when the second link is ready. More people from the mainland (i.e those who cannot afford to buy one here will be coming using this link) and this will cause tremendous traffic congestions in the future. Good luck Southbye - bye.

 
July 29, 2010 at 11:34 PMAlex

I also follow up this project for quite some times. The price keeps increasing without reason from RM300 psf until RM450 psf. I don't believe the quality (or anything) given can worth for extra RM150 psf. I decided to give up too. Good luck to Mah Sing.

 
July 30, 2010 at 11:54 AMKK

You sure is from RM450psf? I was there during property fair last weekend. What I understand from the sales person is average RM450psf as overall. It's still from RM400psf.

Hmmm...

 
July 30, 2010 at 3:46 PMProp

"From" 400psf doesn't carry any meaning unless there is no significant increase of price per floor, trust me this cannot be the case. Check on the Pearl Regency then you know what i meant.

 
July 30, 2010 at 5:04 PMKK

Prop, don't get you? Can you please elaborate?

 
July 31, 2010 at 11:15 AMEric

Confirmed with MS that it's RM450 psf.
It's 50% price increased from original planned at RM300 psf one year ago. :-(

 
August 1, 2010 at 10:29 PMAndrew

"RM450 psf with a lot of goodie" is almost same as "RM400 psf with nothing free". It's still your $$.

 
August 2, 2010 at 8:56 AMJeffrey

450psf with a 1600 sf unit is RM720,000... better to get one landed at sp setia... dun forget global warming will cause sea level rising up... stay near sea side expose to more risk....

 
August 2, 2010 at 9:26 PMAlex

I prefer RM300 psf with no goodie. Much worth than RM450 with a lot of goodie. :-)

 
August 2, 2010 at 9:35 PMAlex

Jeffrey, agree. You can get any landed property with almost similar price which will be ~2000 sq ft and you own the land.

 
August 2, 2010 at 10:51 PMsokohaw

Aiya,now a days developers keep on "goreng" condo price. Sure the price goes crazy....example those projects from IJM/E&O etc also same...RM500--RM700/sqf. Penang condo price really "siau" already. Better buy landed property.

 
August 11, 2010 at 2:45 PMjack1981

Jeffrey,
About 50% Netherlands is below sea level, hence I think it won't be a problem if sea level rise. If they can do it, we can do it because this is "boleh land"

 
August 11, 2010 at 3:45 PMJeffrey

Jack1981,
i hope developer who design and build landed or high rise building near sea side do factor in "sea level rising up" reality, not just profit margin... if not 10 years later, all our investment will really go to "ho lan" ! cooler than water (candonese)

 
August 17, 2010 at 1:07 PMJeff

It you happen to visit the actual site of southbay plaza/city, you can see that it is actually well above the sea-level. To me this is not the factor at all, price and the title are worth more time to consider...

 
August 18, 2010 at 11:41 AMJeffrey

Hi Jeff,
Then u also consider buy a boat, sooner or later u will need it to go back to island... hehe... joking... hope this never happen!

 
August 22, 2010 at 7:41 PMpenang

RM450 psf is almost on par with price of old condo along Gurney Drive e.g PG1. PG1 can be rented out immediately and also the address itself already command good premium and appreciation. Bay Star which is completed is only at RM480- RM490 and definitely have better location and neighborhood. Think, think, think. This is Bt Maung fren, lots of old developement comprises of low cost ......

 
August 26, 2010 at 12:25 AMOL

I agreed with Penang. RM450psf is certainly too expensive.

 
September 25, 2010 at 9:05 AMMS

Well, if you analyze the trend,most of the latest state of art development is happening along the East coast area and southern region of Penang island. Such as The Lights, Queensbay Mall mega seafront, Southbay Seafront. There is a reason why such areas are getting more expensive nowaday.

 
September 28, 2010 at 10:35 PMRafael

Just a heads up. Ivory future development similar to this project location at the heart of Tanjung Tokong City, at Jalan Tanjung Tokong, one of the most important primary accesses of the island. "City Mall Tanjung Tokong"

This is for sure to be the main attraction for tourist and foreigners.

Might want to consider this as well.

 
October 1, 2010 at 9:41 PMTanner

Check this site out:
http://www.hba.org.my/news/2004/904/cost.htm
(Another 27% increase on water bill from Nov-10 onward). Mahsing being a reputable developer may offer the package similiar to that of condo from car parks and S&P perspective i presume, lets see.

 
October 1, 2010 at 9:56 PMTanner

rafael, yes, "The Residence" which built on top of commercial building calls City Mall. Ivory is acquiring the remaining 94% shares from current land owner TTG development berhad, upon completion Ivory will wholly own the land. Development is ascertain now as they wont let the land to depreciate and share-holders are waiting for profit sharing. Together with the upcoming Tesco and Quayside commercial by E&O, Revamp of Island plaza, these 3 will be the new Golden Triangle in Tg Tokong..

 
October 4, 2010 at 11:24 AMSteven

tanner, the article from hba is dated 2004. i think there's new rules reinforced in 2007 to protect buyer. serviced apartments will have to adopt schedule H.

can someone check with lawyer?

 
November 23, 2010 at 9:51 PMLouis

visited the MS awareness project for Southbay Plaza last 2 week, and so surprised that the salesperson who attended to me said 450 psf for Southbay Plaza is not the ultimate pricing for the project. Most likely will increase further.
Get to know it's a "Green Condo" status with solar system, kitchen cabinet..bla..bla..bla...
Seems like a bit disappointed with the price setting by MS.
Anyway, bought Baystar high floor >2000 sqf for 1 Million ++. Good luck to MS.

 
November 24, 2010 at 1:05 AMSteven

louis, didn't you aware that there will be low rise condo in front of baystar?

which floor have you purchased? better check properly.

 
June 8, 2011 at 2:05 PMjoe

any units still available?

 
June 15, 2011 at 12:40 AMJimmy

when is the launching date and how much per square feet?

 
July 25, 2011 at 1:11 PMJimmy

Went to the recent property fair and found out that the estimated price per sqf is RM550, sea view will cost a bit more. The price may go higher during the launch.... Really expensive.

 
July 25, 2011 at 3:36 PMKel

A bit off topic, but when I went to ask about this place, the salesperson (specky guy) from Mah Sing LCLY and didn't even bother to look at us when we inquired about it. We decided to take our money elsewhere.

 
July 25, 2011 at 3:51 PMBecky's Big Sale

MS is really pushing their luck with Penangites with such exorbitant pricing. They really don't know the trend and taste of Penang people..especially when it comes to malls.

 
July 25, 2011 at 4:13 PMpropng

I have same negative impression towards Mahsing Sales Staffs as well. Not pro-active, ignorant, and very cin-cai. I been to their sales office a few times since southbay residence time, including this round in property show, I received the same kind of service. The one guy with glasses and another lady were the worst. In fact the bankers there (CIMB?) are more friendly and supportive, i got most of the information from them instead. I am not sure if this is the standard marketing strategy in KL, but please don't introduce in penang, really piss me off.

 
October 25, 2011 at 1:47 PMAmanda

What does 1+1 Bedroom means? Can someone pls enlighten me. Thanks.

 
October 25, 2011 at 2:49 PMtphimy

1+1 normally means one master bedroom with decent size, and another "small" room which can be used as maid room or study room. Sometimes this smaller room also can be used as a bedroom, eg. if the built-up still possible to squeeze cabinet and bed set into it, or simply by hacking off the wall.

You can refer to to the times square birch plaza, i think it is a 2+1 concept. The light collection II also the same.

 
January 1, 2012 at 3:52 PMmike

When is the launching date? Any idea?

 
January 5, 2012 at 10:53 AMKenny

I just called MS asking about the price and perks that come with the package.

It's commercial title and the cost per sq ft is 800.

The smallest unit is 1100, meaning that the starting price is RM880K.

 
January 6, 2012 at 10:44 AMJoey Saw

Well, I was informed an estimation of rm600 psf during one of the property fair not long ago. They sent me invitation card to attend the 7th & 8th Jan launching. If a year ago it was rm300 psf and now rm600 psf? It's kinda ridiculous, you know. In fact, I think Southbay Residences is more worth it even after sub-sale. It's landed and if you have the $$ to pay RM720k (if rm450 psf) for a condo... might as well pay extra rm500k for a landed property with 3k sqft instead of 1.6k sqft.

 
January 6, 2012 at 1:25 PMcondomana

Wah!!...Joey Saw said it's RM 600/sqft, and Kenny said it's RM 800 /sqft. Very expensive, I am sure the developer is making huge profits. They will go on regional road shows and sell some units to foreigners who don't know the local market well. But those foreigners would have problem selling the units in resale market later if they wish to, without making a loss, as most locals are aware that these units are overpriced. For those locals who are looking at own long term occupation, I don't see any harm buying, but you could definitely buy something better for this price. For those speculators, beware. With time as your enemy, you have more downside risk than up. Happy speculating!

 
January 6, 2012 at 2:57 PMsamlow82

Just back from the sales office, the lowest price is RM761k at 10th floor for 1110sqf unit, with 1 car park.

Add 9k per floor if you want higher floor.
Add RM28k for addtional carpark.
Free snp legal fee and loan agreement fee, excluding stamp duty(12k for RM1mil).
RM0.30 maintanance per sqf.

 
January 6, 2012 at 10:40 PMGwen

Just wondering when Penang will wake up from sleep .. do u want to rent your home forever .
Current project , so many posters for sale along the highway before u reached the office . Better buy the low cost flats more value added.

 
January 8, 2012 at 12:03 PMpgkia

Wow, from 400psf, 500psf, 600psf until now 800psf?! This is crazy... 1100 psf condo cost 880k in pg...

 
January 8, 2012 at 12:22 PMRafael

Just receive sms from MS due to overwhelming respond of tower A they are opening preview for tower B today 2pm onwards. Let the goreng game begins.

Yup after calculating with the rebates, stamp duty, strata title for 1,110 sqft with semi furnish should be approximately RM670 per sqft for level 16.

To breakeven in 7 years you need to sell at least RM850 per sqft including maintenance fee after OC.

You decide current price RM670 per sqft for 1,110 sqft SB plaza with maintenance approximately RM0.30/sqft vs RM330 per sqft for 3,300 sqft SB Residence with maintenance RM220 per month which is a better deal.

 
January 8, 2012 at 2:22 PMCareer Changer :-)

it comes withe one carpark. additional carpark cost rm28,000

 
January 8, 2012 at 10:43 PMLeonard

wah...its way over price...since when Bt Maung is more expensive then TgBunga?
Alila Horizon, 1350sqf is now selling for rm 700k only...full sea view with 2 car parks.
maintenance fee only rm0.20/mths

 
January 9, 2012 at 3:06 PMKL Wong

mah sing selling so cheap? how come? economy getting bad? record on pg island is 1000 per sq ft now.

 
January 9, 2012 at 4:42 PMcondomana

Dear Leonard,

Since Queensbay Mall maybe?

Hi KL Wong,

Ya lor, how come this Southbay so cheap? They should sell it like E&O's Seri Tanjung Pinang condos (~RM1000/sqft). Maybe Batu Maung area not preferred by rich foreigners?

 
January 9, 2012 at 5:25 PMGwen

it is quite fun to see them purchase this units . Looks like buying cakes and breads

 
January 10, 2012 at 9:07 AMLeonard

for rm1000/sqf, AH should be selling for more than rm1.3 mil now...
ok.decision made..I ll buy Alila since its considered very cheap now fopr now...rm550/sqf.and only 250 units there..
besides, its better neighbourhood there in north with koreans/westerners compared to factory worker indo/bangla in south of the island..

 
January 11, 2012 at 11:00 AMProperty_Freedom

Seriously, you really do not need to say anything bad about a new project, even though u prefer to stay somewhere else.

it's also not entirely through that Tanjung bungah has all the rich and famous. Tanjung bungah used to be a fisherman village.

of coz my opinion for SB Plaza is really overpriced and as such, choose not to buy loooooo

 
January 14, 2012 at 2:18 PMproperty guy

All tower B sea facing units sold out. Sporeans and some other overseas people came and sapu a lot. saw a few look like very rich ppl there signing and buying.

the price has already gone up by at least 30-50K now. go grab the last few units before it is too late lorr

 
January 14, 2012 at 8:43 PMBen

Yup, now only left Tower A 1,100 sq ft, high floor, 3 or 4 units.

I was there this afternoon in the show unit. Honestly, it was quite dissapointed to see a condo that costs RM800k has no speciality in design and floor plan compared to other projects. If I were to pay RM800k for a property, I am expecting the property looks a little bit more luxury than others. But sadly I didn't have such 'luxury' feeling when I was visiting the show unit. It was like no difference when you are visiting to a show unit by Tambun Indah.

And all units in Tower B are sold out! This is really ridiculous. Good luck to those foreign rich buyers and have a happy stay in South Penang.

 
January 14, 2012 at 9:51 PMproperty guy

This is very usual on what they did to SouthBay residence 3 years back, when economy was not so good. Mahsing kept pushing the price and today, it is higher. Will the same event happen in 3 yaers later for Southbay plaza? time will tell

 
January 14, 2012 at 11:45 PMpetestop

Hmm... went there last Sunday, expecting a queue or at least a fully booked signed hanging there, since Mah Sing is branded developer from KL mari mah.

But instead I see half is sales ppl, and another quarter are bank ppl. The rest are curious window shopper like myself, just go there kay poh kay poh..ha..ha..

It seems Mah Sing just testing market.... bcoz immediately after that visit got an SMS from them, some more giving 15% rebate (means you can do zero-money down) and partially furnished some more.

Anyway, I look at it, this one you are buying at future price. The only good feature is the 2nd link will be in the vicinity and very close to FTZ (and hopefully easier rental prospect).
If want seaview, many supercondos along Tg Bungah still not even half occupied.

 
January 15, 2012 at 5:10 PMMS

With this price range for such a small unit cost RM800K, then how much would be a unit in Southbay resident cost now ? I think it should worth at least 1.5M for a partial renovated unit.

 
January 15, 2012 at 8:33 PMHard facts

Southbay terrace house owner also come here to goreng the price? Bubble bubble bubble coming up ... I see irrationale behavior in buyers mentality.

 
January 16, 2012 at 1:12 AMproperty guy

Hey, how to bubble? The property is sold off now and buyer pay 0 interest for the next 3 years. Maybe bubble after that? ^_^

 
January 16, 2012 at 1:16 AMproperty guy

Also, you should check back the Southbay Residence post
http://www.apartment-penang.com/2008/05/southbay-residence.html

and see the same discussion about 'too expensive' and now what happen to it?

 
January 16, 2012 at 1:03 PMcondomana

I can't believe the regulators still allow "zero-down" schemes. It should be banned long time back. Why? Coz it makes speculation too easy and too cheap (something we might want to avoid to prevent bubble).

Now, want to share a story about my son. He just picked up cycling and loves it a lot. The sense of freedom and speed really gave him the satisfaction and confidence. Recently, he discovered the thrill of cycling down a ramp. He started with a gradual ramp. I cautioned him about the risk, but with such "rewarding" experience, he continued with it, as everything "turned out fine every time". Just yesterday he "crashed" into a tree trying to avoid the dog, as he was going down a very steep slope.

His reaction and the brakes were not good enough to "save" him because when you go that fast with a dog in your way and a tree by the side with the brakes only working 80% efficiency (aka a perfect storm), there's minimal margin for error.

So property guy, past trends do not guarantee future trends.

Luckily, he could still go back to normal after a few stitches, and no one else was hurt except himself.

But if we don't put in measures to stop property speculation, not only speculators would be burnt, genuine home buyers and the banking system would be victims too.

 
January 16, 2012 at 1:21 PMmax

檳州屋業吹淡風價格微跌‧發展商趁新春促銷帶動銷路
北馬 頭條新聞 2012-01-11 12:43

 
January 17, 2012 at 4:55 PMCondomania

Penang house industry pale wind blowing slightly ‧ developers to take advantage of price promotions to drive sales New Year
North horses headlines

haha

 
January 17, 2012 at 5:05 PMCondomania

Condomana - if you look at the buyer that day, most of them are genuine players. Some even can go for non DIBS 70% loan. With strong support from Singapore and overseas, most buyers have strong holding power, just wait and see.

 
February 10, 2012 at 5:42 PMproperty guy

Studio units 1+1 to be converted to type A 2bedroom layout. Mahsing is responding to public's request.

 
February 13, 2012 at 10:22 PMMS

Ladies and Gentlemen, please look out those comments posted sometime in 2010, someone said it is mad for a condo located in Batu Maung cost 450 per sq ft. Now, look at the price, how much ??? Ut is almost double and still get SAPU all. Ha ha.... sounds crazy right ?

5 years ago, do u believe a terrace house worth RM 1M ? What happen now ? Tanjung Sri Pinang now worth 1.75M now.

 
February 13, 2012 at 11:19 PMLeonard

MS...thks to the oversea speculators,they made the genuine penang people cannot afford a home in their own state...
I honestly cant wait for a recession so i can see these speculators burn...HAHA

 
February 13, 2012 at 11:32 PMBL

MS , I like your statement ! Sometimes ppl will put -ve sentiment & influences others !
Yes , condo in QB areas now approaching RM 680 persf especially BayStar ! RM 800 persf in SouthBay area definitely will come ! Watch Out !

 
February 14, 2012 at 6:10 AMlim

800K+?

Why not just top up 200K, you can get Southbay terrace (There are many units w/o taker currently).

 
February 17, 2012 at 7:55 PMMS

Honestly, I don't own any units in Southbay Plaza, I am just speaks the true.

The current in-think is, those resident area that builds very near to commercial center fetches a good price. Some good examples like Baystar, Bayswater etc. Price now is at least doubled if compare to the launch period.

I am projecting Southbay project will be the next "Gurney drive" at southern of Penang. The impression of old and stain is no longer valid. When the 2nd link bridge is open, when the road widening is completed, you will believe what I said.

No point to argue what is right or wrong, time will prove this. For those who are still looking out for property, u can wait for the next launch of new apartment (right behind of the current plaza)....

The so-called "North is always the best" no longer valid....trust my statement, the day will come soon. Good luck friends !

 
February 17, 2012 at 11:14 PMMS

Honestly, I pity those who cannot afford to own a decent property in the island. However, this is the fact, it happens every corners in the world. Take a look at countries like Singapore, Hong Kong etc. We have not come to the time where we need to build a truly highrise apartment like those in HK - 60 to 70 floors. They need to take 2 lifts before they gets home. Land in island is scarce, price will continue to escalate no matter what will happen to the economy. Those who cannot afford to stay in the island will eventually move to the mainland. This is already a trend now. Did u see Lim Guan Eng build a low cost house in Gurney drive or Batu Ferringgi ? The location that identified is Batu Kawan, and may extend even futher such as Nibong Tebal and etc.

Back to Southbay, during non-peak hour, it takes about 15 mins to reach Jalan Sri Pinang, do u think it is far ? Does schooling is a real problem ? Again, I need to re-iterate again, I don't own any Southbay Plaza unit, either I am not working for Mah Sing. Times and tide wait for no man...Cheers

 
February 18, 2012 at 9:16 AMPG kia

No need to "re-iterate" again and again here, regardless. Just let market response does the talking. For sure price will be appreciated after years. But own affordability and is it worth to buy that is the key for the majority.

 
February 18, 2012 at 7:50 PMHard facts

Whether Batu Maung can become the second Gurney remains to be seen. But now let's assume possible.

Now, let's compare the price of properties in Gurney vs Batu Maung. How much is the price difference? But how much more development is needed in Batu Maung to achieve Gurney?

The price in Batu Maung now has already reflected the future development. For late-entry buyers, how much more do you expect the price to appreciate in the future? Is it still a good investment, you judge the risk and ROI yourself.

 
February 19, 2012 at 12:30 AMMaverick

It would take years if not a few decades for Batu Maung to catch up to be the 2nd Gurney. Unless there are developers seeing the potential demand and start building the super condo and 4-Star hotels (at least) in Batu Maung or along the Teluk Kumbar. Plus a good urban plan to revamp the residential in Batu Maung, Sungai Batu and Teluk Kumbar (to be a golden bay).

 
February 19, 2012 at 12:15 PMPG kia

Well said Hard Facts and Maverick. Buyers are smart enough to make own judgement whether this high entry cost and potential long holding still a good buy in current market? MS projects alone will not make a 2nd Gurney. Keep "re-iterate" here only makes people feel the "$300 is under the ground".

 
February 23, 2012 at 8:46 PMMS

Let time decide the outcome, no point to debate it here.

 
June 21, 2012 at 5:31 PMtan

高檔產業價格寫最大跌勢
以產業種類計,則以高檔產業價格寫下最大跌勢,達6.2%,其中柔佛及檳城各跌14%及12.5%;獨立洋房跌4.1%,當中雪隆各挫13.7%及11.9%;而半獨立式及排屋的跌幅較為輕微,僅分別走低2.4%及1.3%。
吉隆坡19日訊
http://biz.sinchew-i.com/node/61788?tid=23

 
May 18, 2013 at 11:16 PMJackson Tan

Their new launch The loft at rm900psf.?

 
January 14, 2014 at 9:38 PMGoppal Balan

when mah sing years ago chose batu maung to start a mega project... i already see what a big developer like MS foresee... when people were wondering what the hell was wrong with mah sing to choose such a weird location... i commented on the forum that that place has a lot of potential due to it's location... now it's proven...(1) airport shall drive the place into an airport town...(2) 2nd link is even walking distance.... (3) full of MNCs there workplace is like stone's throw away... (4) batu kawan-bandar cassia has been earmarked for huge future plans (future is now already... even ikea is coming... public housing... nearer entry point to the island through the bridge skipping the whole juru and vicinity mess.... (5) teluk kumbar and vicinity is the new corridor and choice for new hubs as elsewhere is full and too pricey... just to mention a few... this is what u call a proper feasibility study...

 
May 13, 2016 at 2:15 AMJack shim

Hi
Any small unit still available ??
WeChat me jackshim56

 
June 7, 2016 at 10:54 PMjack shim

Hi all
I hv unit for rent 1433sq.ft
1111sq.ft for sale
Retail 2475sq.ft rent


Wechat: jackshim56

 
June 19, 2016 at 5:00 PMHappy

1111sqft for sale or rent.
Come with 2 Car Parks.

call 012-4313913

 
September 26, 2016 at 3:27 PMah pang

1 unit for sale
- 1110sqf
- High Floor
- 2 rooms
- Partly Furnished
- 2 cars park
selling 980k

Hi, Call or Whatsapp me, if interested...Phang 0164704702 From Real Estate agent, Thanks..........

 
December 2, 2016 at 1:26 PMoung nickson

Hi, to buyers and tenant, i have few unit on hand for sale and rent
to owners, you may contact me if you have any properties for sale or rent,
Kindly call / watsapp / wechat / SMS Nickson Oung from Elite Properties, 014-324 9506 for more information

 
December 6, 2016 at 12:28 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ