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Mah Sing offering professional suites [Business Times (Malaysia)]
[October 02, 2014]

Mah Sing offering professional suites [Business Times (Malaysia)]


(Business Times (Malaysia) Via Acquire Media NewsEdge) GEORGE TOWN: Professional suites meant for start-up companies and consultancy firms are the latest offerings from lifestyle developer Mah Sing Group Bhd this weekend.

The suites, which are part of "The Coastal@Southbay City" project, are priced from RM580,000 for a 571 sq ft unit and marketed under the Soho (small office/home office) concept.

The project is sited within the waterfront Southbay development at Batu Maung.

The units offered also include duplexes measuring 1,100 sq ft that are priced at RM1.3 million each.

"Interest in our properties at Southbay has picked up since the opening of the Sultan Abdul Halim Muadzam Shah Bridge," said Mah Sing Group chief operating officer Teh Heng Chong yesterday.

The Coastal, which carries a development value of RM275 million, comprises two tower blocks - one with the professional suites and the other with 100 residential units.

A total of 12 shop units will also be available in the tower housing the professional suites.



Teh said the project, to be set up on a 1.13ha plot, is targeted for completion by the middle of 2018 and the units will command a view of the hills, while those on higher floors will enjoy a partial seaview.

"The Coastal's residential and commercial units will boast resort-like facilities, such as a swimming pool, gym, sky deck and rooftop garden.


"The unique selling point for the commercial units is that they are small, affordable and flexible, and offer a lifestyle with resort facilities within a low-density setting." Teh said the Southbay development, which carries a development value of between RM2.5 billion and RM3 billion, has recorded an increase of between 15 and 20 per cent in sales since the opening of the Sultan Abdul Halim Muadzam Shah Bridge Bridge.

"We find that people are looking for smaller and medium-sized units and buyers from Hong Kong, India, Taiwan, Singapore and China are also keen to invest in our properties," he added.

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