Penang
Barat Daya
12
THE LOFT @ SOUTHBAY CITY

THE LOFT @ SOUTHBAY CITY

Area Intelligence

Median Price

RM 530,000

PSF: RM 676

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 676

THE LOFT @ SOUTHBAY CITY in Barat Daya, Penang recorded 7 subsale transactions between 2021 and 2025, priced between RM 300K and RM 750K, with a median price of RM 530K and a median price per square foot (PSF) of RM 676.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 530K, with most transactions falling within a stable range of RM 409K to RM 651K, and a typical market range of RM 364K to RM 697K.

Most transactions involved service apartment, with minimal variety in property types.

The median PSF stands at RM 676, with core pricing between RM 585 and RM 767. Market pricing typically extends from RM 582.96 to RM 769.71, reflecting moderate variation in unit pricing. With an IQR of RM 186.75 and MAD of RM 91, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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THE LOFT @ SOUTHBAY CITY, Barat Daya, Penang

OSM

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Property Transactions

7 transactions found

Size List

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Size List

Property Type

All Types

Year

All Years 2025 2024 2023 2022 2021

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 700,000

Level 19

1,324 sqft • RM 529 PSF

Jan 2024

RM 380,000

Level 21

538 sqft • RM 706 PSF

Sep 2023

RM 550,000

Level 7

807 sqft • RM 681 PSF

Jun 2023

RM 364,000

Level 10

538 sqft • RM 676 PSF

May 2023

RM 530,000

Level 11

840 sqft • RM 631 PSF

Oct 2022

RM 530,000

Level 19

883 sqft • RM 600 PSF

Oct 2022

RM 681,000

Level 7

807 sqft • RM 844 PSF

Apr 2021

Road	Price	PSF	Size	Date	Type
Level 19	RM 700,000	RM 529	1,324 sqft	Jan 2024	Service Apartment
Level 21	RM 380,000	RM 706	538 sqft	Sep 2023	Service Apartment
Level 7	RM 550,000	RM 681	807 sqft	Jun 2023	Service Apartment
Level 10	RM 364,000	RM 676	538 sqft	May 2023	Service Apartment
Level 11	RM 530,000	RM 631	840 sqft	Oct 2022	Service Apartment
Level 19	RM 530,000	RM 600	883 sqft	Oct 2022	Service Apartment
Level 7	RM 681,000	RM 844	807 sqft	Apr 2021	Service Apartment