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 STR.
This is also first ever project touchdown from KL renown developer Exsim group.
Project Overview:
Project Name : 22 @ Macalisterz (TBC)
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.
Project Location:
For those who are familiar with Georgetown, it is in front of Ghee Hiang outlet, adjacents to Tropicana 218 Macalister. The site is used to be Ecoworld show unit.
22 Macalisterz Floor Plan
22 MacalisterzLayout Plan:
This layout is ideal for Invsetor
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.
WHY this Project is highly seek by fellow Investor
Exsim group has won many of building design award since humble beginning, back when they started to build Novelle Industrial Park.
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 recognize 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 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.
Some of Buildings interior photo below.
Notice the drop off area, there’s a heritage building infront preserved and shall own by Exsim upon building completion.
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.
Even the Common Area Toilet are design aesthetically to ensure this piece of building entirely instagramm-able by KOL.
22 Macalisterz U.S.P
- 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.
Interested Prospect feel free to drop your enquiry here.
OR
PM our facebook Fan page to get in touch.
OR
Drop a message to one of our Agent, 011-56208268(whatsapp) Mr Yew to schedule exclusive showroom visit appointment.
Why Engage PropXpress?
- 0 Agent Fee
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- Value added Full Fledge service
- Good Relationship with Banker and Developer
- Renovation Expert Consultant