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Mixed-Developments completed, refurbished and ongoing mixed-developments projects



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Old May 26th, 2010, 08:33 AM   #61
rizalhakim
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dats ziqzaq condo reminds me of 12Kiapeng
the shopping mall really nice
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Old August 10th, 2010, 04:57 AM   #62
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Product Brief

Lifestyle Retail
Southbay Plaza’s lifestyle retail shops combine a rich business & retail experience with one of the most diversified, colourful & vibrant lifestyles in Penang.

•Glass façade offers a dazzling array of reflections
•Building’s transparent skin allows a soulful play between interior and exterior spaces
•Pleasant overall façade transformation from day to night
•Interior spaces without interrupting columns
•Variety of layouts affording flexibility of self-expression
1-storey retail shop : Indicative 1,200sf to 1,500sf
2-storey retail shop : Indicative 2,800sf to 3,200sf
3-storey retail shop : Indicative 4,500sf to 14,000sf

Residential Suites
The residences at Southbay Plaza set a new standard for sustainable luxury real estate in Batu Maung by blending luxury amenities and life-enchancing benefits.

•Elegant suites blend luxury amenities and life-enhancing benefits
•Rising 30 storeys with a modern glass facade
•Breathtaking views of the sea, Penang Bridge and the new Second Link, the city and the Penang International Airport
•Large balconies for stunning panoramic vistas
•Green features to promote a healthy lifestyle
•High ceilings add architectural grace notes to these homes
Type A (2 bedroom) : Indicative 1,030sf
Type B (1+1 bedrooms) : Indicative 1,030sf
Type C (2 bedrooms) : Indicative 1,145sf
Type D (3 bedrooms) : Indicative 1,610sf (Duplex)
Type E (3+1 bedrooms) : Indicative 1,620sf (Duplex)
Type F (2 bedrooms) : Indicative 1,325sf
Type G (3+1 bedrooms) : Indicative 1,625sf
Type H (3+1 bedrooms) : Indicative 1,635sf
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Old August 16th, 2010, 04:32 AM   #63
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Mah Sing changing the face of southern Penang
By Siti Sakinah Abdul Latif of The Edge Malaysia
Sunday, 15 August 2010 00:00

The buzz at the moment in Penang is about Mah Sing Group Bhd’s plans to develop a modern township in Batu Maung that will change the face of the southern area of the island.

Named Southbay, it is strategically located just two minutes away from the Second Penang Bridge which is due for completion in 2013. Penang International Airport is just 10 minutes away.

Mah Sing Properties Sdn Bhd COO Teh Heng Chong believes the Southbay township could become the place of choice to live on the island, even more popular than George Town, due to its accessibility and innovative new concepts, which include the first gated and guarded residential area on Penang Island.


“Southbay is the beginning of a new city. It may even become more prominent than George Town in time to come as George Town is an old town,” Teh says.

The southern region of the island is often perceived as the less developed and more remote part of the island. But in fact, Southbay is located near many facilities such as shopping malls like Tesco and Giant hypermarket, healthcare facilities like the Pantai Mutiara Hospital, education institutions such as University Sains Malaysia, and hotels as well as recreational facilities.

Teh describes Penang as a “unique market, an island city that has enormous growth potential”. As the company already has a foothold in the growth centres of the Klang Valley and Johor, Tan says Penang is a natural choice as Mah Sing’s next growth target. The company is seeking to build up its landbank there.

“There has been a good response to our project in Penang ... If the response is good, why stop?” he quips.

Penang has the third largest property market in Malaysia after the Klang Valley and Johor Baru.
“Contributing to the robust demand for real estate on the island is the fact that it is second only to Selangor in its rate of urbanisation and level of monthly household income,” Teh explains.


Left: Aerial view of Southbay City; Right: An artist's impression of Legenda@South Bay's resident club house; Bottom: An artist impression of Legenda@Southbay's entrance

The completion of the second Penang Bridge will be a major boost to the 88.11-acre township that comprises three main components: Residence@Southbay, Legenda@Southbay and Southbay City.

The freehold project has attracted many local buyers, especially upgraders, as well as foreigners — mostly Singaporeans who are attracted by the geographical and demographic similarities the two islands share.

“There is also a growing number of direct flights between the two islands,” Teh says.

Gated and guarded
Mah Sing is the first to introduce the gated and guarded concept of development on Penang Island. Both its landed residential areas — the Residence@Southbay and Legenda@Southbay are gated. The projects also feature green street concepts, lush landscaping and community parks offering the owners a resort-like sanctuary in a secure environment.

Teh says there has been a tremendous response. Of the 284 three-storey superlink homes in the 25.80-acre Residence@Southbay, 70% was taken up within two weeks of the launch in mid-2009. The project is scheduled for completion by the end of this year.

“To date, the take-up rate is over 90%,” Teh says, adding that The Residence@Southbay is also the first residential development in Penang to incorporate a private clubhouse.

“The Southbay township is a high quality residential enclave ... providing more security ... and complemented by hotels, shopping complexes and SoHo offices,” he says.

Another residential project, to be launched in the Southbay township this month, is the 27.81-acre gated and guarded Legenda@Southbay that consists of 3- and 4-storey bungalows with land areas from 7,500 sq ft and built-ups from 6,400 sq ft. Prices start from RM3.6 million. The gross development value is RM355 million.

Teh says the 76 bungalow units to be built on elevated land are ideal for three-generation families and offer breathtaking views of southern Penang. Legenda@Southbay won the Asia Pacific Residential Property Awards this year for Best Architecture (Multiple Units) Malaysia Category.

The three-unit-per-acre development is to begin construction in 2H2010 and is due for completion in three years. The low-density neighborhood will boast its own residents-only clubhouse.

The bungalows come in five designs, each with a private lift, swimming pool, security system and spacious car porch for at least four cars. Besides the clubhouse with a gym and a community hall, there is also a two-acre rejuvenating park with a jungle track.

The main commercial centre in Southbay will be the 34.50-acre Southbay City comprising serviced residential suites, retail lots, Grade A offices, office suites as well as hotels and resorts. The entire Southbay City has seven phases. The first, Southbay Plaza, takes up about 4.19 acres.

Southbay Plaza will have two towers connected by a retail podium. There will be 21 units of retail shops on levels 1 to 4 and the residential suites will occupy Level 9 upwards of both towers. There will be approximately 700 parking bays. The shops will have a net floor area of 74,475 sq ft with unit sizes ranging from 1,270 sq ft onwards. Indicative selling price starts from RM420 psf. The serviced residences range from 1,028 sq ft to 1,645 sq ft and are priced from RM400 psf.

“The suites come in 1-bedroom, 1+1, 2-bedroom and 3-bedroom variants,” Teh says.

Southbay Plaza is expected to be previewed in 3Q2010 and completion is due three years later.
“We anticipate that Southbay City will come alive once the second bridge is completed. This is when new opportunities will be opened up and we will be ready for them,” he says.

Mah Sing still has approximately 35 acres of undeveloped land in Penang, including Southbay City and a tract in north George Town.
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Old November 26th, 2010, 08:37 AM   #64
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Old September 22nd, 2011, 07:06 AM   #65
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whats the progress.....
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Old September 23rd, 2011, 04:49 AM   #66
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I like Southbay. But the price is ridiculous. Just like all the Sime Darby houses.
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Old November 16th, 2011, 08:20 AM   #67
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Quote:
Originally Posted by rizalhakim View Post
Mah Sing encouraged by good sales of Southbay property


GEORGE TOWN: Mah Sing Group Bhd is bringing forward to the next two to three months the launch of its bungalows for the RM1.35bil Southbay Penang mixed development project in Batu Maung.

The 76 bungalows, with an estimated gross sales value of RM200mil, were originally targeted for launch at year-end, chief operating officer Ng Heng Phai told StarBizWeek.

However, having sold 150 or about 75% of the first batch of 200 three-storey link houses in the first week of launch last month, Mah Sing decided to introduce the bungalows earlier, he said.


An artist’s impression of the bungalow unit to be launched by Mah Sing in Batu Maung.

The units are priced from RM795,000 and sales have since reached 85% for the phase which has an estimated gross sales value of RM200mil.

“We expect the value of the link houses to appreciate by 15% before year-end,” Ng said.

With built-up areas ranging between 5,000 and 8,000 sq ft, the bungalows will be priced around RM3mil each.

“The bungalow project, known as Legenda, is a guarded and gated scheme on a 27.8-acre site,” Ng said.

Ng said the group was preparing to launch the RM900mil commercial component, Southbay City, on a 34.5-acre site at year-end.

“We plan to develop sea-fronting retail outlets. The commercial component will increase the value of the residential properties in the project,” he said.

Ng said the group was working with agents to market Southbay Penang overseas.

To be developed over five to seven years, Southbay Penang is Mah Sing’s biggest project to date.

“Our projects in the country have a gross sales value of about RM3.8bil, of which RM1.35bil will come from the Southbay Penang project,” Ng said.

“The projects in the Klang Valley and Johor Baru will contribute about RM1.6bil and RM800mil respectively,” he added.

“The bulk of Southbay Penang’s contribution should come in when we launch Southbay City,” he said.

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Old November 25th, 2011, 08:42 AM   #68
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Old February 6th, 2012, 05:04 PM   #69
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Update on Southbay Plaza
Block A-80% sold
Block B-60% sold
Another block open for registration soon....
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Old February 6th, 2012, 05:13 PM   #70
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Quote:
Originally Posted by rizalhakim View Post
Update on Southbay Plaza
Block A-80% sold
Block B-60% sold
Another block open for registration soon....
how many % are real future residence?
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Old April 28th, 2012, 02:49 PM   #71
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image hosted on flickr

my picture of a picture by stormdog, on Flickr
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Old May 11th, 2012, 05:02 AM   #72
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Quote:
Originally Posted by dh maju dh View Post
Shopping mall in the cards
By DAVID TAN
davidtan@thestar.com.my




MAH Sing Group Bhd plans to develop a 1 million sq ft shopping mall for the Southbay City mixed-development project on a 13.7ha site in Batu Maung, Penang, next year.

Group chief operating officer Teh Heng Chong said the shopping mall would be positioned to attract shoppers from the northern region market.

“Once the second Penang bridge is ready next year, we can anticipate a strong flow of visitors from Seberang Prai to the island.

“Thus, we want to have a mall in Southbay City to tap into the business opportunities from the north and Seberang Prai,” he said in an interview.

He said they planned to start the project’s construction next year, adding that they had yet to work out the cost of the mall which would be part of the approved Southbay City master plan.

On the two residential suite towers in the RM329mil Southbay Plaza, which is part of the Southbay City project, he said Mah Sing had sold the bulk of the units for both the towers.

“Since the launch of the two towers late last month, we have sold 80% of 106 units belonging to the 32-storey Tower A and 75% of 100 units belonging to the 31- storey Tower B.

“The Tower A and Tower B units with built-up areas of between 1,107sq ft and 1,761sq ft, and 1,433sq ft and 1,714sq ft respectively, are sold from RM830,000 and RM1.2mil onwards,” he said adding that most of the units would be sea-fronting.

Teh said the two residential towers would be equipped with facilities such as infinity pools and gymnasiums.

“Below the two towers is a four-storey shopping podium with 100,000sq ft of retail space.

“There are a total of 731 car parking bays, of which 213 bays are for the commercial scheme while the rest are for theresidential suites,” he added.

Teh said the Southbay Plaza residential suites sold well because they were near to Queens-bay Mall, Eastin Hotel, Equatorial Hotel, Penang International Airport, and 1km away from the second bridge.

He said the entire Southbay City project would take five to eight years to complete.





ye ye ye... another shopping mall...........
..
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Old July 4th, 2012, 02:22 PM   #73
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Mah Sing upbeat on Penang projects
By DAVID TAN Tuesday July 3, 2012
http://biz.thestar.com.my/news/story...&if_height=202



Contribution to sales expected to rise to 13% this year

GEORGE TOWN: Mah Sing Group Bhd's projects in Penang is expected to generate about RM325mil or 13% of the projected RM2.5bil sales for 2012, compared with RM70mil or 3% of the RM2.2bil sales for 2011.

The key contributors from Penang included the Southbay Plaza and Legenda@Southbay, group chief operating officer Teh Heng Chong said at Mah Sing's “Realising Dreams Property Showcase” held in conjunction with the group's 18th anniversary celebration in Penang recently.

The event showcased 11 projects that it was currently undertaking nationwide.

“The Legenda@Southbay has generated about RM40mil since January, while the Southbay Plaza has generated RM80mil since May.

“The other project that we expect to generate the remainder this year is the first phase of the Ferringhi Residence in Batu Ferringhi.

“Pending approval, we plan to launch about RM180mil worth of low-rise condominium villas in July 2012,” Teh said.

He said Mah Sing would focus on residential properties priced below RM1mil in Kuala Lumpur, Johor, and Penang. “At present, about 70% of our launches are in this price segment, which comprises mainly small serviced residences and linked homes.”

Teh said: “We are also continuing to develop gated and guarded residential properties priced above RM1mil in good location, which is about 30% of the group's launches for 2012.”

He said the Klang Valley would still make up the bulk of the group's sales target, as it had 28 projects there.

Penang was also an important market as its contribution had risen to 13% from 3% in 2011, he added. “We are looking now for an over 100-acre site in Seberang Prai for a township development.”

Teh said he was positive on the outlook for the property market in Penang as the most of the buyers of Mah Sing's properties are largely Penangites. “Our foreign customers come from Singapore, Indonesia, and Hong Kong.
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Old July 4th, 2012, 09:48 PM   #74
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I think it would be better if this development is located next to IJM's Penang Light instead of South bay. More services can complement the residences of people around that coastal stretch and create a more vibrant coastal city there.
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Old April 29th, 2013, 04:18 AM   #75
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Trends@Southbay Plaza retail mall

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Old May 30th, 2013, 09:51 AM   #76
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The Loft official website
http://www.theloft.com.my/
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Old January 16th, 2014, 10:18 AM   #77
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Old May 10th, 2014, 02:56 PM   #78
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Old May 10th, 2014, 03:18 PM   #79
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Old July 16th, 2014, 05:01 PM   #80
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Stylish project in the offing

16 July 2014

The Mah Sing Group will introduce a new project to its development in Southbay City at the upcoming Star Property Fair 2014.


Known as ‘The Coastal @ Southbay City’, the project comprises two components – an office block with 166 professional suites for offices and a block for residential suites with 100 residential units and 12 shop units.


The project will be open for registration exclusively during the fair and those interested should not miss the opportunity.

Recent projects launched by Mah Sing have drawn remarkably strong interest and with it, a significant take-up rate for their projects.


An artist's impression of the Southbay Plaza at night.


The success is mainly due to the Group’s effort in creating products that meet the needs of the masses.


In the high-end sector, projects with niche concepts, prime locations and convenient access such as being close to the Penang International Airport and the Sultan Abdul Halim Mu’adzam Shah Bridge appeal to both local and foreign property owners.


Two of its upmarket properties – Ferringhi Residence and Southbay City – will be promoted at the fair.


Ferringhi Residence is a freehold, gated and guarded residential project located at the world-renowned tourist belt of Batu Ferringhi.

Its Precint 1 Condo Villa development is designed to be low-density with only two units per floor.


The condo villa is a spacious resort home with a 3+1 bedroom layout and built-up area of 1,510sq ft to 1,752sq ft.


There will also be a resort clubhouse, which functions as a central meeting place for the residents’ recreational and relaxation activities.

Approximately 85% of the units have already been taken up due to its prime location, with international beach hotels located within walking distance.


The Upland International School is also almost at its doorstep, providing convenient access to high-quality education.


There are only a limited number of standard and furnished units remaining of the Precint 1 Condo Villas.


On the other hand, the Precint 2 Resort Villas would be open for registration soon.


Mah Sing would also be promoting its projects in Southbay City, an award-winning waterfront township development with a comprehensive mix of residential and commercial components.

The development is strategically located next to the Sultan Abdul Halim Mu’adzam Shah Bridge, providing easy access via the Bayan Lepas coastal highway and the Penang International Airport.
The development features a low-density lifestyle and caters to the need of those staying in the southern side of Penang and those coming to the island via the second bridge.


Its progress is greatly complemented by the success of Residence@Southbay, Mah Sing’s maiden project in Penang, which has all been sold out.

Apart from the Residence, approximately 90% of Southbay Plaza and Trends@Southbay have both been taken up, while Legenda and The Loft (Tower A) are approximately 75% and 60% sold respectively.

In their effort to encourage visitors to purchase properties before the GST (goods and services tax) is introduced next year, Mah Sing would be offering exclusive easy home ownership packages for projects to be promoted during the Star Property Fair 2014.


This is due to the effect that the GST would have once it is introduced in April next year. It is expected to directly or indirectly increase the cost of living including property prices.


For more details on the project, readers can visit the N1 booth at Gurney Plaza during the Star Property Fair 2014 from July 24 to July 27.


Now in its 12th year, The Star Property Fair is the premier property showcase in the northern region and would be held from 10am to 10pm daily at Gurney Plaza and the G Hotel.


Zeon Properties Sdn Bhd is the event partner. There will be various local and foreign property on show and visitors can find out more property-related information through the talks and forums conducted by specialists in their respective fields.

There will also be a Dip & Win Property Fair contest, where visitors can take part and try their luck at winning iPad Minis, Samsung tablets, mountain bikes and gift vouchers daily, sponsored by Ivory Properties Group Bhd.

Admission is free.

More: http://www.thestar.com.my/News/Commu...in-the-offing/
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