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High Return Investment you should not be missed!!

  • Writer: Alicia Yan
    Alicia Yan
  • May 1, 2021
  • 3 min read

Updated: May 11, 2021

Project Overview:


22 @ Macalisterz Location: Macalister Road, Georgetown, Penang Property Type: Commercial under HDA Total Units: 418 units Built-up Area: 340sqft, 497 sqft Land Tenure: Freehold Indicative Price: RM500k Developer: Exsim Group

Expected Completion: Q3 2025

22 Macalisterz, is an upcoming Commercial Project located along Jalan Macalister, Penang. Also know as “Tiong Lor”(In Hokkien) for Penangites, it served as a main epicenter road for Georgetown back at 80’s.


Occupying 1.1 Acres, this project offers total of 418 units with small layout size, meant for Short Term Rental.


This is also first ever project touchdown from KL renown developer Exsim group.


Notice the drop off area, there’s a heritage building in front preserved and shall own by Exsim upon building completion.



Front look from ground

Grand Lobby Area

Futuristic GYM Interior


Coworking space area

This is a relatively new facilities provided where the concept is to allow more casual meeting similar to starbucks concept to create a ambience and bridge between office and home.

We expect this area to be a HIT upon completion as it will soon flooded and booked by MNC plant from bayan lepas area as a new place for team building session.


For those who are familiar with Georgetown, it is in front of Ghee Hiang outlet, adjacents to Tropicana 218 Macalister.



22 Macalisterz Floor Plan



Layout Plan:






22 Macalisterz facilities

Level 1

  • Grand Entrance

  • Grand Drop-off

  • Cloud Walk

  • Biker’s Spot

  • Chill-Out Al Fresco

  • Eden Hallway

Level 2

  • Imaginary Realm (Coworking Lounge)

Level 11

  • Enchanted Walk

  • Chill-Out Pod

  • Whimsical Playscape

  • Herbs Terrace

  • Grill Bar

Level 36

  • Sky Infinity Pool

  • Canopy Sky Deck

  • Sky Jacuzzi

  • Drizzle Kid’s Pool

  • Drench Deck

  • Hydrotherapy Corner

  • Muscles & Bustles (Gym)

22 Macalisterz Pricing Packages and Details:

  • Partly Or Full Furnishing with imported Appliances OR Bare unit options available to disclose.

  • SKYPOOL Facilities in Georgetown.

  • Detailed Packaging and pricing are to be disclose upon Private Discussion.

The development are often based on a specific theme, which upon completion the outer building structure and facade looks absolute astonishing and distinctively unique. Very often people can easily recognise Exsim development from afar.

Their short term rent project Scarletz, Ceylonz, and Expressionz are proven to be a hit in KL CBD area with such layout.


Before Covid-19, Penang is massively flooded with tourism industry especially tourists from Local Malaysian, and Foreigner especially China and Indonesia(for Medical Hospital Industry). Macalister Georgetown is consider Grade A location for Short Term Rent, Exsim intend to setup a new benchmark in either Building design, furnishing, hospitality, rating etc in the most sought tourist spot in Penang.

Not to mention Exsim is also known for exact completion unit 99% similar to Artist impressions and building rendered, investor can rest assure that what you see is what you get in project brochure.



  • In city center of Georgetown

  • Airbnb Friendly project, in fact the layout design is intended for this purpose.

  • Super Premium Facilities with what you see in brochure is what you get 99% in actual, and with Roof top swimming pool overseeing the whole Island.

  • An affordable pricing (median price in Penang Island for Non-affordable housing is RM600k) to own a piece of real estate in center of Penang.

  • Strategic location for Short Term Rent that able to yield +ve ROI.

Short Term Rent Calculation:

First we set up some baseline assumption that per unit cost RM200/Night (low peak) for 1 room, RM300/night for 2 room.

Occupancy rate assume on 3 night per weeks(Friday Saturday Sunday)

4 night per weeks( Thu, Fri, Sat, Sun), and Peak(6 days occupied 1 day vacant)


Airbnb Concept 340sqft calculation: Assume RM200 per night for Just 12 days ( Low Peak Fri Sat Sun) = RM2,400 | 5.6% ROI Assume RM200 per night for just 16 days( Typ Thu Fri Sat Sun) = RM3,200 | 7.5% ROI Assume RM200 per night for just 27 days ( Peak 90% occupancy) = RM5,400 12.6% ROI

Airbnb Concept 497sqft calculation: Assume RM300 per night for Just 12 days (Low Peak Fri Sat Sun) = RM3,600 | 6.02% ROI Assume RM300 per night for just 16 days(Typ Thu Fri Sat Sun) = RM4,800 | 8.05% ROI Assume RM300 per night for just 27 days (Peak 90% occupancy) = RM8,100 | 13.5% ROI


PM our facebook page to get in touch.

OR

Drop a message to one of our Agent, 011-3939 1149 Ms Alicia to schedule exclusive showroom visit appointment.

 
 
 

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