The event was graced by the presence of YB Dato’ HJ. Abdul Malik Kassim (Penang State EXCO), Datuk Ho Hon Sang (CEO of Mah Sing Group) and Seth Lim (Senior COO of Mah Sing Group).
The project is currently at 60% completion with external painting works in progress. The entire project is scheduled for completion by the end of the year.
10 YEARS IN PENANG – THE PROPERTY HOTSPOT OF MALAYSIA
In 2007, the Group ventured into Penang with its first township in the island, Southbay City. This year marks the 10th year of Mah Sing’s presence in Penang. Up to date, the Group has a total of five projects with remaining landbank of 82 acres as well as remaining gross development value (RGDV) and unbilled sales of RM2.9billion.
Chief Executive Officer of Mah Sing, Datuk Ho Hon Sang said, “Over the years, we have seen Penang’s growth in the real estate investment and we believe it will continue to do well as many buyers and investors are confident with the state’s potential.”
Penang is the smallest state in Malaysia with a population of approximately 1.6 million people. The state was granted the world heritage centre status by UNESCO in 2008. Having a mixture of beachside, hilltop, culture and heritage as well as city residences has made Penang one of the most dynamic housing markets in Malaysia.
THE LOFT – LOW DENSITY LIVING WITH MAXIMISATION OF FANTASTIC SEA VIEW
The 33-acre Southbay City township in Bayan Lepas consists of a mixed residential and commercial development located along the scenic Jalan Permatang Damar Laut. It is a mere 1km away from the Sultan Abdul Halim Mu’adzam Shah Bridge (second bridge).
Among its key components is The Loft, a low-density residential development which comprises a total of 157 luxury suites housed within two towers of 30-storey towers.
The developments features only three units per level and residents get to enjoy panoramic views of the island’s southeastern waterfront as well as the cityscape.
Each of the three-bedroom units have a spacious built up from 1,378sq ft to 1,680sq ft. They are designed with high ceilings and large windows that frame the scenic vistas beyond while creating airy and radiant interiors. Selected units also come with extensive private gardens.
The Loft also offers various lifestyle amenities such as a three-tiered pool, seating decks to pavilions as well as a reading lounge and sky gym are both connected via a sky bridge that offers breathtaking panoramic sea vistas from the viewing deck.
UPCOMING PROJECTS IN PENANG
Mah Sing will be previewing its latest residential development, M Bay. This development is the third phase of Southbay City township. M Bay comprises 1 tower with 237 units and indicatively priced from RM330,000. The show unit is ready for viewing and registrations of interest are open.
Public can call 04-291 3109 for more information.