Southbay Residence

Southbay Penang a mixed development project located on a 35ha freehold site in Batu Maung. Residence @ Southbay phase 1 comprises of 288 units 3-storey link homes with built-up areas of over 3,000 sq.ft.

There are six bedrooms and six bathrooms in each unit and a garden located on the second floor. There will also be clubhouse and a recreational park, high-level security, patrolling guards and intrusion devices installed in the individual properties.

Property Project : Residence@Southbay
Location : Batu Maung, Penang
Property Type : 3-Storey Link Homes
Tenure : Freehold
Built-up Area : 3,300 sq.ft. (Type A), 3,000 sq.ft. (Type B)
Land Area : 24'x75' (Type A), 22'x75' (Type B)
Total Units : 288
Developer : Enrich Property Development Sdn Bhd (Mah Sing Group)

808 comments«Oldest ‹Older 401 – 600 of 808 Newer› Newest»

June 2, 2009 at 1:21 PMUnknown: i don't think its wise talking about this publicly :) call him/her
June 2, 2009 at 5:08 PMPenangGuy: So far many people withdraw? Or all signed SnP d? I heard we need to sign it by 10/June/09... one week to go...
June 3, 2009 at 12:29 PMUnknown: Anyone need mortgage solution, please contact me at tan.hh85@gmail.com or 012-4945211. My name is Tan, currently working in UOB. ^.^"
June 3, 2009 at 2:41 PMUnknown: tan, this is a forum to talk about the property, not for promotion.
June 4, 2009 at 1:00 PMEddie Lim: so with the current selling price of 835k, is the house still worth the price since last time is only 795k?
June 4, 2009 at 1:28 PMUnknown: sure, its worth. price in PG landed always good. but not much units left. good luck
June 4, 2009 at 4:26 PMEddie Lim: house,

thanks for the advice!
June 6, 2009 at 3:33 PMUnknown: how many of u signed SnP dy? i have another SPI friend wants to buy SB ..hmm
June 6, 2009 at 3:46 PMeng: CIMB offer Full Flexi Loan rite now, 0% @ 1st Year, Thereafter BLR-2.2.
June 7, 2009 at 8:15 PMalex: Would the SB residence appreciate by 15% before year end as mentioned in the article? hah.. what a good investment. Now less than 10 units available since launched.
June 7, 2009 at 11:46 PMUnknown: possible! 755k + 15% = 868k

house, i hv signed both spa & loan docs :)
June 8, 2009 at 1:02 AMUnknown: Investment if got people willing to buy from you at 860k? Would anyone?
June 8, 2009 at 1:03 AMUnknown: which article says 15% appreciation?
June 8, 2009 at 3:02 PMalex: heard that quite a number of buyer withdraw signing the SPA, is it true? what's wrong?
June 8, 2009 at 6:36 PMUnknown: alex, the version that i heard was not many units left. go and see yourself at their show units.

few withdrawals which are norm to many developers. my friend managed to get a withdrawn unit last week.
June 8, 2009 at 6:48 PMalex: Due date of signing the SPA is on 10/6, after this date you would see how many units available. Most of units are booked and pending SPA to b signed. Stay tune!!
June 12, 2009 at 8:33 AMPenangGuy: Hey anyone know what is the response of signing the snp? Many people withdraw? Or sold out already?
Most of you take AFFIN bank? Any particular issue when brief through and signed the snp?
June 12, 2009 at 9:18 PMUnknown: penangguy, u want to withdraw? Please let us know your unit, need to queue for it once release :P
June 13, 2009 at 11:31 PMUnknown: why suddenly all quiet? i have signed this week
June 13, 2009 at 11:45 PMPenangGuy: House, become your neighbor already if you are the buyer too!
June 14, 2009 at 4:32 PMUnknown: yeah PenangGuy & South, we are neighbour too =))
June 16, 2009 at 8:21 AMPenangGuy: Visited show house again last Sunday. All the available units are sold out!!! Not even left one... Wow so hot cake.
June 16, 2009 at 9:57 AMUnknown: I have signed the S&P too and heard from the lawyer none of his clients had withdrawn. Also took up Maybank loan.
June 16, 2009 at 4:10 PMJayven: I am taking Affin as can get better rates compared to Maybank.
June 16, 2009 at 4:35 PMjin: Nowadays, withdraw also not a big issue cos the current financial status.
June 17, 2009 at 10:57 AMUnknown: i was told affin might have delay to get back money if u sell ur property . taking out money will have other problem. penalty fee for selling house early < holding period is 3% vs 2.5% by Maybank too.
June 17, 2009 at 1:15 PMAnonymous: Hi All, pls take note that no sub-sales allowed during construction. So even if you can find buyer for the sub-sales bank would not grant you the loan at all.
June 17, 2009 at 1:38 PMMikey: hello, so what happen to the wish list?did MS agree or reply?
June 17, 2009 at 7:44 PMUnknown: nothing will be changed as everything is part of the SnP already. further change can only happen after construction. no agreement I heard. will reconsider after construction
June 17, 2009 at 10:33 PMeng: overhealm response cause the SB buyer no bargain power over developer.

we have a good start here to discuss about unsatisfaction about part of house finishing but then how effective the comunication between developer & buyer on this matter?

S&P only mention about Spec. and layout plan, we still have room of negotiation to demand more.
June 18, 2009 at 11:36 AMJayven: I was quite dissapointed that MS did not even acknowledge my email on the wish list.

Reason is as eng pointed out SB buyer has no bargaining power over developer due to overwhelming response. :(
June 18, 2009 at 11:44 PMeng: One thing to point out.

Let consider, someday @ wet-market, ppl buy more chicken than duck meat. Is it mean chicken is good or ppl like more the chicken taste on that particular day?
Furthermore, we are buying premium chicken, if inside stomach full of shit, what we are going to do?

I appreciate anyone said SB response very good but what we demand on wishlist is another issues.

Anyone here, receveied any acknowledgement about return email from MS management? Or any written promise on consideration about the wishlist?

Nowaday very advance laa. just a click and all the email can throw into electronic dustbin. XD
June 19, 2009 at 12:06 AMeng: The best deal among 4 panel bank is CIMB.

try and ask PBB,Maybank & affin to offer Full Flexi with 1st year zero, subsequence BLR-2.2.

they will said "Siao(crazy in hokkien), where got such best deal?"
June 19, 2009 at 9:43 AMUnknown: eng, plz be more direct, don't know what you are trying to say. what chicken? layman plz
June 19, 2009 at 10:52 AMUnknown: Got a mail on this:

Wbuffet to young poeple:

"Stay away from credit cards (bank loans) and invest in yourself and remember:
a. Money does not create man, it is man who created money
b. Live your life as simple as you are
c. Don't do what others say, just listen to them, but do what you feel good

I rest my case
June 19, 2009 at 2:24 PMDavid Ling: Shoot man.....we are talking abt house worth 800+k and suddenly we have one hero talking abt chicken....apa lar?....

i have a friend who's family (big family)bought quite a number of units at one go. they bought it when the price is still 745K. according to him, they manage to get MS to agree to chg the door to another more beautiful design. not sure how true is that bcoz no black and white fr MS. hopefully it's good......

another thing to share. i jst came back fr KL. as i was driving at cheras area, dono how i drive drive, then reach one MS project in KL, Hijauan Residence. i drove in, it looks good. they put up the bungalow as show house. beautifully decorated as well. the superlink home is 95% same design as southbay and it's fully sold out. i look around, the landscaping is good oso and the area is also comfortable.

So, buyers of MS, be prepared to move into a nice home. might not be perfect home, but i shall say it's going to be very close to that.
June 19, 2009 at 3:50 PMKwan: Eng,

My understanding is that Maybank also giving full flexi loan with the 5/95 package..
June 19, 2009 at 4:16 PMeng: Beng Hoe, thanks for the update.

I was last minute switch over to CIMB one week before signing S&P, that time Maybank refuse to offer Full Flexi. It was the good news for anyone who take the manybank loan.

However, did maybank do free upgrade for the earlier subcripber?
June 19, 2009 at 4:37 PMeng: Dear David Ling,
Hijau residence Semi-Dee & Banglow sound good. I have pay a visit @ Aman Perdana too, different type grade of Semi-Dee. SB is more stylish and modern.
before that, we have sent a wishlist to MS individually but dunno anyone of us received any reply from MS manager or not?
June 19, 2009 at 4:50 PMeng: bro house,

forget about chicken & duck talk, appropriate loan application can maximize profit via leverage, but deregulate loan will completely disaster to NINJA. it depend on how to use it wisely XD
June 19, 2009 at 5:51 PMAnonymous: Hi David Ling, pls don't do all the sales talk la here in the MS blogs site. Anyway, have you bought a unit in MS le?
June 20, 2009 at 3:11 PMDavid Ling: hi joanna, i hv read ur post on surin on almost all the other property blog leh...who's doing sales talk lar? i guess my remark has provided beneficial info to the rest, except u probably.

besides, u got sam pat boh?....i never buy, so free to comment and drive to Mah Sing project in KL meh....apa lar lu....
June 21, 2009 at 9:46 PMMS: Mah Sing is going to cease all the free goodies by end of this month. Those who have not sign on, please be hurry up before you regret for life.

Whatever it is, there is no perfect investment in this world. If u ever read SPI forum, see how vigorous of the debates about house defects. I sincerely hope MS will not repeat the history as what SP Setia did. This will destroy their reputation and will hinder them from gaining Penang ground in the future.

Penang government is going to develop Batu Kawan as another new township. I believe, due to the 2nd bridge link to Batu Maung, this will further spurs the economy growth in this region. Which means, all SB buyers will see a decent appreciation in the coming years.
June 22, 2009 at 9:03 AMJoe: MS, what are those Goodies?
June 24, 2009 at 12:25 AMsokohaw: Still remember last year many people were talking bad about SB. I wonder how many of them still sustain. Today, by owning a SB property definitely is not a mistake anymore. What do you guys think?
June 24, 2009 at 5:32 PMKwan: Joe Goodies should be the 5/95 package
June 25, 2009 at 10:24 AMUnknown: Mistake or not, see in 2.5 years :=) Anyone got their BGB money already?
June 28, 2009 at 10:19 PMUnknown: silence.
June 28, 2009 at 10:29 PMalex: silence means no complaint :). Have all buyers signed S&P already? Is any unit left?
June 29, 2009 at 6:03 AMMS: Joe, goodies means free S&P etc.....

Let's watch what is the new price starting from next month when Mah Sing release the bumi lots.
June 29, 2009 at 6:07 AMMS: Anyone gets any infos on the upgrade package from Mah Sing ?
June 29, 2009 at 4:20 PMMS: House, BGB money won't release so soon, please be patient.......

BTW, anyone knows how many unit left for sale now (except bumi lots) ?

How is the progress of club house now ?
June 29, 2009 at 4:59 PMKwan: MS,
I went to site last Thu, the club house I would say 70-80% completion already..
June 29, 2009 at 6:06 PMMS: Thanks Beng Hoe for the updates. By then it will attract a big crowd again..."House" will sneak in again before launching..ha ha..
June 30, 2009 at 3:56 PMUnknown: Ya. Indeed I will be going there from time to time to see if sneaking in is possible. This time will bring camera and show it here if I manage to get in before the rest. HA HA HA HA HA

So nobody reject? All signed? 100% sold out except Bumi Lots?
June 30, 2009 at 4:02 PMMS: I think so....as far as for me, I had done this 1 month ago.
July 2, 2009 at 11:19 PMMs: SB officer adviced Buni release will til nearly completetion.
July 4, 2009 at 9:14 AMUnknown: i have created a simple forum for our own discussion.
southbaypenang.freeforums.org
July 10, 2009 at 11:37 AMUnknown: i went few weeks ago, and i realised there are water stains on the wall of 3rd sample unit(without I.D). I dunno whether they have touched up or not. It might cause by water leaking?
Overall i like the I.D. Without I.D, buyer can easily see the quality of the material given. Sanitaryware's quality is good, using "Delfin", if not mistaken?
Bedroom's doors are using flush door?
is SB using Cement concrete roof tiles?
July 24, 2009 at 12:21 AMLeprechaungal: any units left in SB?price range?
July 24, 2009 at 9:36 PMUnknown: left only bumi units. from 835k.
what i understand all have signed S&P by end of june. those have not collect S&P copy, can go to their queensbay office.
July 24, 2009 at 9:42 PMUnknown: leprechaungal, can put name on wait list for release of bumi units. long list i heard.

any idea on the bumi release price? 835k + 5%?
July 29, 2009 at 5:24 PMeng: received a letter from SB today:

Upgrading plan
--------------
(1) Removal of Wall @ second floor RM1K
(2) Auto gate system RM5K
(3) Solor Hot Water System RM16K

Payment made by cheque / cash but I heard from Sales that payment might swap via credit card?
No further info on what type of brand, drawing etc.

let discuss on this:-
July 29, 2009 at 8:52 PMUnknown: The wall hasn’t been built yet, why does Mah Sing charge us 1K to ‘remove’ it?
Should it be free? In fact Mah Sing will save up material cost by building lesser walls.
Do not tell me they build the whole house complete first, and then demolish for those who paid 1K? Well it doesn’t sound making sense to me though.
July 29, 2009 at 11:30 PMalex: Agreed with Aiden. MS should not claim that wall removal since it's not built yet. 1K charges are too much just for it.
The auto gate system 5k is expensive also.
But I have no idea abt the cost of solar water heater system in the market.
July 29, 2009 at 11:53 PMKK: if you think 1k for wall removal is expensive, then just don't go for it. do it by yourself once completed.

if you think 5k for autogate system is expensive, don't go for it.

why argue? you have the right no to proceed with the upgrades. that's easy, isn't it?
July 30, 2009 at 12:01 AMalex: KK, u sound rude here. Here's for discussion, not argueing. Of course every1 has choice of go or no go. Let's calm down :)!
July 30, 2009 at 12:12 PMeng: we have 7 days to made decisions.

how about the solar heating system? Any idea does it worth to install it?

for those who wish to maintain 2 room @ second floor might not consider to remove the wall.
July 30, 2009 at 12:20 PMeng: for me, I choose to remove the wall. Hack the wall later sound troublesome.
July 30, 2009 at 1:35 PMUnknown: The point is not the cost! It is how Mah Sing made money, I don’t want to bring down Mah Sing name as well, as I definite an owner for this project. Since the wall hasn’t been built, it cost Mah Sing nothing to give us free to choose not to having the there on 2nd floor right. Doesn’t it sound better? It is just like providing 'after-sales-service', at no cost to Mah Sing and to us. Win-Win! right.
Agree to hack the wall later is terrible. But the wall isn’t there yet!!
July 30, 2009 at 1:51 PMUnknown: I agree with Aiden. The point is not the cost (MS does not build the wall or we remove it later). It is the terms and conditions that they set. For e.g., MS should probably charge a nominal fee - maybe RM100 for processing the request at most.

also, for those buyers, please read the Terms & Conditions carefully. As a buyer, we cannot complain later on the workmanship or material of the Upgrades later. That does not make sense? furthermore, there is no specification of the solar hot water system. What is the diameter of the copper pipe? What is the brand of the solar hot water system? What is the warranty period?

as a reputable developer, I don't expect them to send a letter like this, with the terms and conditions only covering MS and NOT the buyer at all.
July 30, 2009 at 2:17 PMSubaG: I have to agree with Aiden and SB on this one...was dissapointed to see the upgrade package communication letter...not much on exact specs used, even though I do want the auto-gate and I don't want the wall...I am tempted to not take up the offer because of the "cannot complain on workmanship..." clause...
July 30, 2009 at 6:29 PMUnknown: Echo the disastisfaction mentioned on the upgrade package. Apart from that, they should be offering bulk upgrade pricing (discounted because it is per housing project). Worse off, the specification is not stated in the agreement, only generic information.

What do you all think off about forming a house owner group as to negotiate better terms for the upgrade package for all house owners benefit? If we can get a couple of hundred house owner support, I'm quite sure we can do something about it.
July 31, 2009 at 4:41 AMPenangGuy: We need to visit MS and talk to them about our concern here that are all valid!!! The letter is too brief and expecting people to pay couple of ten thousand without knowing any detials of what they signing for? We should feedback and talk to MS.
August 4, 2009 at 8:49 AMDavid Ling: Hi All, the 1K is actually part of the cost to cover the chg of house dwg. of coz MS has made some profit out of it. for those who do not the want the wall, new dwg needs to be submit to council for approval and this require money. otherwise, OC cannot be obtained when inspection is done.

actually, for the wall, the work of knocking it down after the house complete is not too much of hassle. even the cost is not significant compare to your entire renovation. it's the tile that counts. once you hack the wall, u'll damage some tile around that area. as such, the cost and time of finding the matching tile is the one that counts.

for the gate, it's definitely more expensive. lower grade motor is around 3K while better ones will cost u max 4K including labor. but need to note that MS only provide one motor point on the left. So, need to add in the cost for laying additional motor point. However, after adding up, it's still cheaper.

for solar, 300L supply require a panel that cost around 5K. labor cost is around 8-9K. but if not mistaken, once you sign up with MS for the solar pkg, they'll do some roof re-inforcement on ur unit to hold the solar panel. if you plan to do it after ur house is complete, the solar panel supplier might not be able to install a panel that can supply hot water to ur entire house because ur roof cannot support it.
the gain would of coz be the electricity saving but the drawback is wen we having continuous rainy days, then u need to switch on the solar panle thru conventional electrical supply as the panel is not able to absorb any sunlight.

for solar panel, oso need to ask MS what is the size of the copper provided. minimumly it has to be 6". oso need to ask for the after sales maintenance. the panel will collect dirt, birds residue, and dust. so the efficiency will drop and require cleaning. usually it's once every 3-4 yrs.

neway, i'm not signing up either of the pkg bcoz i'm those person that do not like to gv ppl money to spend first and having the result 2 yrs later. there cud be newer technology than solar panel 2 yrs later, and we never know.

anyhow, it's ur decision, no right no wrong.
August 5, 2009 at 12:40 AMeng: thanks david ling, you provide us a very valuable infomation, we need it to share among the buyers.
August 5, 2009 at 6:55 PMUnknown: happen to surf this link www.southbay.com.my
should be just uploaded.

condo ranging from 800 to above 2500 sqft. wonder where is the exact location and how much?
August 7, 2009 at 4:15 PMUnknown: david ling is correct.MS using Solarmax fm Terreal costs RM5k only.MS charging RM16k a bit steep.sigh....
August 7, 2009 at 5:16 PMUnknown: then again installation is expensive, +plumbing, etc. sigh...
August 10, 2009 at 9:57 PMPenangGuy: We have no choice but to sign the package if you want to have Solar heater system in your house. If you not, you may need to do major renovation just to fix the solar system later. The reinforcement, piping, hacking the tiles, etc.
But the payment and time given are a bit rush... like buying 1600 stuff... haha.
August 14, 2009 at 2:43 PMSchumico: can someone convince me that its worth the $$ savings on electricity to have a solar heater vs the normal one? 16,000 is a lot of money, and to pay it upfront now? should pay 2 years later
August 19, 2009 at 10:29 AMUnknown: The main reason for solar heater is to be environmental friendly, which like recycling is never cheap. Should we help the environment then? I would say YES if we can afford, to build a better future.
We are staying in a country where sun light is abundant and if we are saying solar panel is not helping, then this technology has no place in most other countries.
August 23, 2009 at 9:07 PMPenangGuy: Anyone visited Southbay today? Notice any flooding?
Anyone know when the corner showroom will re-open again?
September 4, 2009 at 5:42 PMAnonymous: Hey friends, I'm SB buyer & have just created a group on Facebook. This group is meant for information & photos sharing about SB.

You’re welcome to join me! We’ll be adding more information & new photos as we go along.......

http://tinyurl.com/m22nvb
September 8, 2009 at 10:47 PMMr Lim: buy teluk kumbar house is cheaper
September 30, 2009 at 4:36 PMUnknown: so, what is the current market price will be after bumi unit release? will it fetch 1M? :)
October 2, 2009 at 12:45 AMTrek: I not sure if there is current market price as sub-sale is not allow until VC if not mistaken. Most of buyer also not start paying housing loan under 5/95 scheme. It seem there is no hurry for the owner to sell at this moment until project completion.
October 2, 2009 at 10:37 AMUnknown: you can always post out the price and poll for response..
October 2, 2009 at 2:15 PMUnknown: anyone going there recently? just wondering if the club house already open..
October 3, 2009 at 2:50 PMPenangGuy: Anyone know whether MahSing got launch a webpage like SP Setia to show the work in progress from time to time? I feel that is a very good idea and is an extra service for the buyer.
They should snap the photo, give some update in the webpage... I hope they can do that...
October 4, 2009 at 12:52 PMUnknown: I agreed with PenangGuy, we should have similar approach as what SPI did to show the progress of the construction work.
October 5, 2009 at 9:39 AMUnknown: they have their website but hate to say that... it really outdated information.
WebSite www.southbay.com.my
October 7, 2009 at 11:05 PMUnknown: Clubhouse open house, this Sunday ! See you folks !
October 9, 2009 at 10:42 PMPenangGuy: Can the buyer enjoy the club house facilities already? Haha...else after 2 years it will become old club house after we move in. Hehe
October 10, 2009 at 11:32 AMUnknown: Well, we can ask their staffs on this Sunday ??!!
October 10, 2009 at 11:36 AMMS: Has anyone received the BGB program payment from Mah Sing after the 2nd drawdown is completed and the end financier banker has released the payment ?

Will Mah Sing announce it through letter notification the release of BGB ?
October 12, 2009 at 10:12 AMUnknown: what exactly facilities avails in club house?
October 12, 2009 at 12:16 PMUnknown: why not those who have visited the club house share?
October 13, 2009 at 1:25 PMMS: Swimming pool is relatively small, but better than some of those very small one like Alphine Condo.

They have not put in all the gym equipment yet, so, hard to comments.
October 16, 2009 at 11:02 AMUnknown: perhaps, someone can check with MahSing on what exactly facilities provided at clubhouse.. not only swimming pool kua.. :)
October 16, 2009 at 9:34 PMUnknown: swimming pool, wading pool, gym, reading room, games room, meeting room, lounge, recreational park, etc
October 21, 2009 at 11:17 AMUnknown: swimming pool - useful
wading pool, - ok for kids
gym,- can be bigger, too small
reading room, - what for?
games room, - what for? gonna put a WII there?
meeting room - meet for what, pls convert to a bigger gym
lounge - ok la
recreational park - can
October 22, 2009 at 11:23 AMUnknown: agreed for bigger gym room, should put more gym eqpt there.. game room- no need.. can consider put some others stuff like pingpong tables, etc.. more useful.
October 25, 2009 at 6:00 PMUnknown: Reading room - got free newspaper daily :)
Games room - normally same with games room.
Meeting room - You will need this in future when JMC formed.

Bumi lot will be released at 900K+ after the projest about 70% completed. Already 300 plus potential buyers in the waiting list. So, after OC, got chance to hit 1M.
October 25, 2009 at 8:36 PMPenangGuy: Agree with South. Swimming Pool, wading pool, gym and meeting room are useful facilities for many of us. But games room...hmm what type of game will be there? Might consider changing to table tennis or snooker/pool table, footsal...etc?
The swimming pool doesn't have high pressure water massager along the wall (zagguzi type)? And it is 5ft deep? Does anyone see any changing room available?
October 25, 2009 at 10:53 PMUnknown: the toilet is nearby...so i guess you need to walk with your towel wrapped around you about 20ft from the pool to the toilet to change :P
October 26, 2009 at 10:40 AMUnknown: yup.. more practical to have games as mentioned by PenangGuy.
hey BG, when exactly they gonna release bumi lot? and roughly how many units avails now?
October 26, 2009 at 12:22 PMUnknown: About 40 bumi lot left. The bumi lots are the bottom 2 rows, left side of the guard house accoring to the site map. They didn't mentioned when. Only say it will be released at 70~80% construction completed. From what I saw yesterday, bumi lots still nothing yet... except a few pilling beams (I guess).
October 26, 2009 at 1:38 PMUnknown: thanks BG... once Bumi lots fully sold out, we can see how the actual prices goes.... I will be very happy to let go my unit if the price is right :)
October 26, 2009 at 2:32 PMUnknown: USA, I actually doubt the subsale will do better. From my observation, I fell owner will looking forward to buy directly from developer for landed property. 1 reason is cheaper price and another reason is waive legal fee.
So, 900K from developer may still got buyer but might be different if from subsale (need to pay legal fee).

Just my thought......
October 29, 2009 at 1:33 PMUnknown: its really depend on the project quality & location.. quite confident with SB... I think in future, got potential for higher renter fees too..
November 10, 2009 at 9:04 PMUnknown: wow! latest selling price for bumi lots is 870k onwards.
November 11, 2009 at 4:36 PMUnknown: let wait for bumi release lot, hopefully price still resonable..
December 3, 2009 at 12:18 AMUnknown: The construction for most phases has passed the 20% mark. Has anyone called Mah Sing to ask about the "buyer get buyer" RM10K payout for introducer?
December 12, 2009 at 10:22 AMUnknown: i have called up. they are in the midst of preparing due to additional documents required for auditing purpose.

no need to worry, as long as i get the money :)
December 12, 2009 at 6:53 PMPenangGuy: Hi long time we didn't update anything here... anyone recently hv any update? comment? seem like the constructions are doing well.
By the way, anyone feel the two cement decoration in the swimming pool urgly? The color and also the design really not suit the entire theame.
December 12, 2009 at 8:41 PMUnknown: hello penangguy, i raised the same question on the cement deco at swimming pool. they will re-do to similar as the entrance to clubhouse.

the sales & marketing team is extremely busy cos there are 3 new projects in their pipeline. 2 new at southbay and 1 new project at georgetown.
December 16, 2009 at 2:56 PMUnknown: Agree. The swimming pool area is not very well decorated. Even some of the middle end condo in Penang has a better decorated resort-style swimming pool & surrounding. We should feedback to Mah Sing management for improvement since this is their maiden project in Penang island
December 26, 2009 at 12:38 PMPenangGuy: Already feedback to the sales representative. Hopefully something will be done before we got our key.
It also lack of dry chaging room. The toilet don't have proper changing room.
So far the progress quite good...anyone has the latest info/picture/status to share around?
January 8, 2010 at 3:00 PMUnknown: anymore units avail now?
January 10, 2010 at 6:37 PMUnknown: what's the selling price now? i heard the show house sold for a whooping 1.6mil to some lawyer guy..
January 11, 2010 at 4:59 PMUnknown: anyone know the price, I have friend interested to buy a unit here if price is reasoable...
January 11, 2010 at 10:11 PMUnknown: you may visit the sales gallery at clubhouse. latest selling price should be 960k.
January 12, 2010 at 4:26 PMUnknown: previously I was told only BUMI lots left but is selling fast.... so, justu wonder if there is any units still have..considering the location and recent other projects selling price, I think 960k still worth to buy.. anyone has information about the avails unit, please share here... thanks all.
January 12, 2010 at 5:07 PMUnknown: thanks Lim.. do you have mr chow contact #?
January 14, 2010 at 12:34 PMUnknown: called to sales office, no such person as mr chow. checked and confirmed that bumi units have yet to be released.

who is this lim and mr chow?
January 14, 2010 at 1:32 PMtanprop: Hi steven, i also heard news that they will be releasing at the price of ~1mil, if thats not a problem to you, then you should quickly bring a cheque and make a visit to the sales office. Blog/Phone conversation may not reveal all, if you are really serious about this, show some sincerity and act fast personally now.
January 14, 2010 at 1:47 PMSchumico: google for mahsing southbay. u can see the contact there
January 15, 2010 at 7:31 PMKK: went to mahsing penang office this evening around 6pm. confirmed that bumi units have not been released as mahsing can only apply for release upon reaching 80% construction works at site.

most importantly, there is NO such person as "chow keen eow" from kl and penang office.
January 18, 2010 at 11:27 AMUnknown: yeah... I have same info as KK :)
February 2, 2010 at 10:30 AMLim_soong: Happy CNY to all

Southbay Residence buyer
February 14, 2010 at 11:15 PMMS: Greetings to all ! Wish everyone Happy New Year !!

Any news on the BGB payment release ?
February 15, 2010 at 12:39 PMUnknown: MS, why not you call up SB office? number is on google
February 19, 2010 at 7:19 PMMS: Alamak, I am working in US, callback is expensive lah...just ask someone who can help !!
February 19, 2010 at 10:10 PMUnknown: halo MS, BGB payment will be released by batches. i have received my 1st BGB payment, still have one more to go. not too worry about it, at least mahsing gives what they have promised. just need a little patience... listed company mah... procedures banyak loh...
February 19, 2010 at 10:13 PMUnknown: all of you are invited to the cny soiree organised by mahsing, tomorrow evening (20th feb) 6pm. see you all there!!

gong xi gong xi
February 21, 2010 at 3:14 PMKK: hi steven, it was indeed a very successful event by mahsing. i'm not terrace buyer but interested in their suites. the clubhouse was jam-packed with more than 800 people, i guess :) keong hee keong hee
February 22, 2010 at 10:53 AMUnknown: how is this compared to one residence in sg. ara?
February 22, 2010 at 10:13 PMPenangGuy: Not sure MahSing can complete the house in this year end...?
February 23, 2010 at 10:56 PMUnknown: Hi all, just a question, how much will a intermediate corner unit costs now, you guys reckon?
February 23, 2010 at 11:36 PMUnknown: easily 1.1mil
February 27, 2010 at 8:28 AMUnknown: i hope they dun complete so soon..can delay payment haha. 1.1 million? are you a speculator?
March 18, 2010 at 11:34 PMUnknown: I have one unit intermediate corner. My heart wants to stay. But willing to listen to offers.
March 23, 2010 at 9:16 PMMS: "all", what are you trying to do here ? Test the water ?
March 25, 2010 at 12:43 PMUnknown: want to sell, just say offer price la
March 25, 2010 at 1:38 PMJane: I wouldn't let go any intermediates unless it is above 1.2M. In 2-3 years time after complestion, Batu Maung properties could easily touch 1.5M or higher
March 25, 2010 at 4:58 PMRoman: Hi guys, i went to SB this afternoon for the first time and found that the project was really huge. The 3 storey terrace house is definately worth for money (RM 800k++) considering its location and quality of work from MS.
March 27, 2010 at 4:26 PMUnknown: 巨蟹座 - i sell to you for 1.2 million lo, you want?
March 27, 2010 at 9:03 PMMS: guys, honestly, it is far too early to talk about selling now. We have not even wait until the Southbay Residence project completion then starts talking about selling ? If I am a speculator, I would rather wait and see. Unless there is A-Long come after me for money....he he...I would agree NW comments. Those who want to see, pls go ahead !!
March 28, 2010 at 5:49 PMTim: You can always consider SP Setia. RM680K onwards.
March 28, 2010 at 6:04 PMxzqtiv: SP Setia - no way! price has not been increased much and it is considered stagnant. no doubt 680k is cheap but not value for money. for those buying for own stay, do consider the capital appreciation, be it for own stay or for investment.
March 31, 2010 at 2:19 PMUnknown: Does anyone know what title SP Setia is? They have guard house and fence up the whole area, heard only allowed those vehicles with stickers
March 31, 2010 at 3:54 PMMS: SP Setia is guarded and not gated type,though they claimed that they are gated.
April 2, 2010 at 7:32 AMUnknown: SPSetia - you can still go inside even though the guard stops you because technically and lawfully, they are not empowered to stop anyone, just to scare away people
April 2, 2010 at 11:25 AMMS: All SB Buyers, I believe some of you who are or who had stayed in condo before. Some of the working committees are really rigid and some are really nuisance (of course do have good ones).

This is something that we need to review to ensure that it is properly managed due to there are lots of money on the maintenance fee and sinking fund that in their hands. Make sure a good and proper accounting practices is executed. Poor management or mis-managed will result in poor and notorous reputation.
April 6, 2010 at 3:06 PMRoman: Hi South, it is still early to determine the property is worth for RM 1.2 million until it is fully completed by the developer. However, the MS sales people told me in last week that the bumi lot would be opened for booking/sale very soon. They have tentatively priced the bumi lot for around RM 1 million...
April 6, 2010 at 5:13 PMUnknown: 1million? u sure bo? pg ppl so rich? surprisingly high
April 11, 2010 at 3:11 PMhome: It's near to 1M, selling at 980k for bumi lots that have 10 unit available only. Once bumi lots released will be >1M. Cheers!!
April 21, 2010 at 11:06 PMUnknown: wonder will mahsing submit residence@southbay for award cos their legenda@southbay has just received the 5 stars award for best architecture in malaysia from asia pacific international property awards 2010.

believe the award will help a lot in the potential appreciation in near future.
April 24, 2010 at 3:58 PMUnknown: Any landed properties will reach RM1m in time in Penang. Just we have to pay maintenance and sinking fund perpetually. If management committee screwed up, the price appreciation will also screw up. It's like condo coming to landed. Worry in the future, if the management screwed up, who is going to repaint the whole southbay for us? Don't expect the residents here be kind enough to chip in for the sake of neigbourhood? Doubt it! Malaysians have yet to understand living harmonoiusly yet.
May 25, 2010 at 10:39 PMhome: is the price realistic?
June 2, 2010 at 6:24 PMCharice: I have doubt it will reach RM1m. The appreciation has been 'absorbed' by MS. Always buy during early launch and not later. The worst will be when one purchase bumi released units i.e it will be the most expensive unless you purchase for own stay. This is a simple rule of thumb. Most of the potential purchasers will look at the early bird price and compare with the offer price, and if it is too much of a difference, they won't buy. It is as simple as it is. For me, why fork out $ when I can wait for new project elsewhere even by the same developer. Remember, the cycle will continue for all projects by all developers. This is just my 2 cents.
June 14, 2010 at 2:38 PMUnknown: Just visit southbay and notice that the swimming pool is small and wonder how to cater 288 units of residences.
Bumi lot still available selling at RM980K.
Those who want to sell at RM1 million had to wait till all the bumi lot sold.
June 16, 2010 at 11:51 PMJohn: Dear Charice,

I beg a different opinion. As long as the developer manage to create value surround this area, the upside opportunities are abundance. Not forgetting it's close proximity to the upcoming 2nd Penang bridge also.

Let's see how MS develops this piece of land they have purchased. If I am Southbay owner I will hold this property for at least another 5yrs to monitor the development.

Lastly, RM1mil is actually not big nowadays (sad to say but it's true).
June 17, 2010 at 1:11 PMUnknown: MS sold several units of Legenda already. Southbay really happenning!...
June 22, 2010 at 3:13 PMJayven: Hey guys,
Currently we are around 1 year before OC is obtained. So just checking, but is anyone of you owners here that has the intention of favouring to stay vs making some $$?

I have been pondering on this question since making the purchase and have more or less decided on staying.
My reasons are as follows:
1) Firstly I need a place to stay instead of renting.
2) I really like the practical layout design of the place.
3) Personally I can't find another place which has a better value for what we are getting (of course this might vary across different people). Prices of apartments and landed are rising ridiculously (except for Spring and SP Setia due to too many speculators :P might also happen to SB depending on you buyers). Anybody knows of other good landed places which will have a good community?
4) It is right by the coastal highway, so getting to town will be relatively quick once the 2nd bridge is completed and the flyovers to bypass the 3 traffic lights are done.
5) Once SB City is completed, this place won't be so ulu anymore.

Would love to hear from other owners on their opinions at this point of time.
June 24, 2010 at 5:03 PMUnknown: i have checked, handing over will be by year end then OC by early 2011.

i purchased in may 2009 purely for investment but i have changed my mind after many visits in the morning, evening & night.

I HAVE DECIDED TO STAY!!
July 18, 2010 at 9:20 PMPenangGuy: Did anyone notice there is an Indah Water hub near the conner there? Is it like the one in Jelutong Express Way?
July 18, 2010 at 11:18 PMUnknown: PenangGuy, I noticed and it should be similar to the one along Batu Uban Coastal Highway, opposite Villa Emas.
August 12, 2010 at 7:16 PMMr Goh: 3 Storey Link House
L/a: 1650sf
B/U: 3000sf
Only Selling 1mil(nego)
For More Detail Pls Call Mr Goh
012-4105400
August 24, 2010 at 5:28 PMhome: Bumi lots will be released next month with the price > 1mil. Only ~10 units left if not mistaken.
August 26, 2010 at 9:37 PMPenangGuy: Wow... almost reach 80% VP already. Anyone has chance to have actual look on your unit?
September 4, 2010 at 6:24 PMhome: Intermediate Unit For Sale:

1. Facing North.
2. Near to Club House.
3. Centerised Water Heater Upgrade.
4. For Direct Buyer only.
5. Sell at 1.15M.

Please send email to pg.myhome@gmail.com if interested.

Regards!
September 8, 2010 at 5:11 PMMclay: Intermediate Unit

North Facing Same Row as Club House
Selling at RM1.18 Mil
Genuine Buyer only

Contact Me email : airbase.southbay@gmail.com
September 16, 2010 at 11:24 PMMr Goh: 3 Storey Link(Intermediate)
L/a:1650sf
B/u:3000sf
Only Selling 1mil(nego)
For Viewing Pls Call Mr Goh
012-4105400(Agent)
September 18, 2010 at 10:36 PMsokohaw: What-lah, bro & sis, not yet OC already start selling? Sure people will know you are a speculator without holding power. Why hurry to test market? Hold for few more years....at least until the surrounding projects complete then only sell ma...more value by then.
September 25, 2010 at 9:29 AMMS: Rick, are u sure you can view the house ? Showroom was locked, houses under construction are not allow to enter.
September 25, 2010 at 9:17 PMUnknown: Sokohaw, you are outdated. People buy to make fast money otherwise you will miss the boat when the property market bursts.
September 26, 2010 at 4:07 PMRafael: Hi,

Anyone interested buying from a Bumi lot?

Kindly email me at rafael_91Ltd@yahoo.com
September 27, 2010 at 7:19 AMUnknown: Hi Guys, any idea on what the potential rental rate is for Southbay Resindence? RM2-2.5K?
September 27, 2010 at 11:51 PMMclay: I'm looking at RM4k rental a month. If condo of 1,500 sq ft and furnished can fetch RM3.5k - RM4k rental a month, renting southbay at RM4k is at a premium as this is a g&g community and even better that it is landed strata title. It is 3,000 over sq feet (double the size)
September 28, 2010 at 4:57 PMUnknown: hey, BSG folks or non-southbay folks. maybe you should post nonSB related matters on other forums?
October 1, 2010 at 11:21 PMMS: Where is our favourite "House" ? It's been a long time did not hear from u....the entire compound has been locked and secure, no one can sneak in to see the house. I believe "House" has his way to sneak in and share with us some photos on the landscapes so that some of the prospect seller can fetch a better price ?
October 14, 2010 at 9:10 PMp: investors..speculators.... have a good time trying to sell off these props

its too expensive for penangites

bubble burst only ppl will buy.....
October 19, 2010 at 3:04 PMsokohaw: Paul,
If this landed project is considered expensive, how about those condos selling at RM400-RM500/sqft?? Eg. Platino/Bayswater/Light Linear etc. Even normal condos majority are also sold at >RM350 now a days.....Aren't they "extremely" expensive?? Why people still buying?........it's a matter of time for Penangites to adapt to the price. 1 million property......it's nothing already lah!
October 21, 2010 at 10:19 PMMclay: There is no property bubble. Today, our Housing Minister just announced that Malaysia is still far away from property bubble. It is the trend of the property prices at this era, which is still lagging behind. Prices that are high are from good and strategic locations. In the end it is still the same whole story, location, location, location.

Welldone to comrades of Southbay Residence and this location won't go wrong. Limited in supply of units and bearing in mind, it just 3 mins drive from 2nd Penang bridge. Feng shui wise, you may not see the sea view, but position wise, for North facing units, it is backing the mountain and facing the sea.

Asking price of RM1.1 mil or more is just the right price, and it is still commanding much interests.
October 25, 2010 at 2:05 PMUnknown: Wow, so many flippers or motivated sellers wanted to sell off their unit already even before the project has delivered VP and OC. This is indeed a bad sign for this project as many buyers will not be able to hold for long as full installment will commence immediately after VP. On top of that, the noise from air planes will negate the price as well when the owner can move in, or maybe good for kids to learn math based on the noise, how many planes actually departed or landed can be counted as well.
October 25, 2010 at 3:03 PMsokohaw: There are many funny people around. They can go to certain projects and act as a consultant to make people believe the projects are worth to invest and how good the projects are. At the same time, they can also go to different projects and act as a savior to advise people don't simply invest due to many reasons.......Come on, aren't we all the same? Invest now & hope to get profit few years later? You buy your property, I buy mine. Who will gain & who will lose, it depends on luck and judgement. Just don't criticize blindly on other projects you didn't invest.
October 25, 2010 at 3:38 PMMclay: Sokohow, just leave those sour grapes alone. They want good Property but miss the boat and feel sour to see other ppl make money. What to do, thats life and there is risk involved.

Intending to flip does not mean no ability to hold. You think the situation is so bad meh ... if no taker, just hold nia lo. Investors nowadays are also careful and everything is about calculated risk. This Project is not low margin, and you think the Investors are also falling at the low income level ... hmm think about it and lets see hows the holding power like
November 4, 2010 at 12:25 AMRafael: paul have you read business time, STAR newspaper or attended our chief minister speech at the property summit recently? If not please educate yourself.

I have so many friends exactly telling me this same sh!t cr@p for the past 3 years and today they are where they are. The best part they don't even own a property for investment except mutual funds and some FD savings.

What a joke trying to make a statement and I bet paul you are one of the person who are expecting good returns without doing any work but just sit at home and shaking your b@lls.

Good luck to you.
November 4, 2010 at 2:29 AMhome: The more the investors come in, the brighter the future of Penang's property.

Cheers!!
November 4, 2010 at 12:20 PMUnknown: Sub-sale start 1.1M; mean 110K 10% down payment, all the fee & stamp duty 50K. And this is full 3 story, reno & furnish min 200K; total 350K. This 350K, if one year you save 35K (after deduct all your expenses), you need to almost 10years to reach this 350K cash (assume you just invest in FD where for sure no risk, at least for the history in Malaysia).

Now after spend the 350K cash, you happy move in, you still need to serve minimum 200 per month for maintenance free, monthly installment RM4726, assume you get a good rate, BLR-2.x%, only need 4%, and you need to pray hard that will forever 30years no change. Is will total up 5.5K per month just to sustain this ‘Perfect Dream Home’. And worst that you are no more cash in hand.

Yes, if only if you able loan 50% or less (so many cash rich ppl around, you may be one of them), then you will be enjoy; else you and your spouse need to work harder to consider get a sub-sale house here. Unless you get a super nice first owner let go for you with original price ~800K.

No offend :)

And congratulation on those first owner, being stay or invest, you make a good choice that you should pound of :)
November 8, 2010 at 6:08 PMUnknown: http://ehome.kpkt.gov.my/ehome/DetailProjek.cfm?PROJ_PMJU_KOD=10945&PROJ_KOD_FASA=2&Nama_Projek=PANGSAPURI%20KOS%20RENDAH%20DI%20SOUTHBAY

Luckily not 88x10 units. Consider best deal since so many millions worth units that area only 88 units of 35K low cost.

Thankyou so much!!
November 10, 2010 at 8:05 AMRafael: Hi Ry,

Thanks for this info.

What do you mean that the area only 88 units of 35K low cost?

Since when Southbay build low cost pangsapuri? Is it located behind near to the post office?
November 10, 2010 at 9:33 PMUnknown: Ry is very concerned for the buyers. thanks a lot Ry. Are you one of the buyer? or potential buyer? Yes, it should be near the post office. Any concerns?
November 22, 2010 at 6:07 PMitong: I think intermediate unit with that kind of land size and at batu Maung, and asking for >1mil is ridiculous. I can anytime get this type of house at much more strategic location such as greenlane or gelugor, at the same price or even less. I wonder if there are buyers taking up the offers. If the starting price was ~800k, then these people are trying to squeeze the maximum fortune out of it, and test the limit to "hopefully" sell it out for more than 1mil.
November 26, 2010 at 11:28 AMsokohaw: itong, where did you find >3000sqft + gated + club house facilities 1 Million NEW landed house in Gelugor & Greenlane? Please let me know as I'm interested. As for the selling price of SB now, sorry to say that Mah Sing is also selling at 980k for the Bumi lots(6-7units left). Are you saying that they are also trying their luck? I believe >1M asking price is still negotiable, no need to be so excited-lah.....
November 26, 2010 at 3:08 PMitong: sokohaw,
Please remember that the >3000sqft is build up, not land size. The land size is only 1600+? Gated, means you have to pay maintainance, it does not come free (unless you tell me it is free for life). I agree that club house does not come for all property, but does it worth 300k? You can buy a highend sports club membership already with 300k.....if Mah Sing sold it for 980K, then to me, it is expensive also at that location. (is the bumi lot sold out?)
November 26, 2010 at 4:33 PMUnknown: itong, if you r not interested and think its expensive, go look elsewhere lo. whether its worth or not,let those who can afford to decide, ok?
November 29, 2010 at 10:07 AMitong: whycare,
I am not trying to influence anybody to buy or not to buy. Thought this is "free forum" to express opinion??? Or this is a "supporting site" to the property only??? And like what you said, if you don't want to hear or listen, may be you can choose not to read OR may be you can "delete" my comments IF you have the editor access?? :)

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