22Macalisterz @ Georgetown

22 Macalisterz, is an upcoming Luxury Hote Residence 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.

In the heart of George Town, strategically located on a 1.1 acres land at the intersection of Macalister Road and Anson Road, currently occupied by Eco World Gallery. This development will see the refurbishment of the existing heritage building and to be re-purposed for commercial use. The Eco-World Gallery will be demolished for the construction of 36-storey skyscraper, featuring 418 units of luxury service apartments with roof top facilities.

Why 22 Macalisterz?

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.

1. Excellence choice of investment in Georgetown Penang
2. Ideal Location for Medical/Health Tourism
3. Better capital appreciation for freehold property in Central Business District Zone (CBD)
4. Hospitality friendly (Airbnb), office space, business hub & Residential
5. All Major shopping mall % Medical Centre within 5km distance
6. Surrounded by amenities such as Hospital, schools and colleges.
7. Reputable developer with high track record
8. 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.
9. 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.
10. Strategic location for Short Term Rent that able to yield +ve and CRAZY ROI.

Property Overview:

Project Name : 22 @ Macalisterz
Location : Macalister Road, Georgetown, Penang
Property Type : Commercial under HDA
Total Units : 418 units
Built-up Area: 340sqft (Studio) , 497 sqft (2Rooms)
Land Tenure: Freehold
Indicative Price : RM491k
Developer : Exsim

Expected Completion: Q3 2025.

Short Term Rent Calculation(Based on Current Macalister Airbnb Market):

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( Typical 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(Typical 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.

Target Client:

1. Local and Foreign Tourism (Georgetown is the top tourism spot in the whole Penang)
2. Medical Tourist (Georgetown is the top medical tourism spot in the whole Malaysia, with 13 famous medical center surrounding 22Macalisterz)
3. Youngster Market (Ask your self, do you ever celebrate your parties/birthday parties in Airbnb?)
4. Business Trip Client (As a business operating property, we have all the needs for business trip client such as luxury Skybar, Co-working space, Meeting Room and etc.

To view showroom/special online preview, please contact Maurice at 0198890727 or click the Whatsapp icon below: