Mont Kiara New Freehold Serviced Residence
Mont Kiara is an affluent township located at the northwest…
from RM860000
Jalan Macalister, 10400 George Town, Pulau Pinang, Malaysia
FOR SALE
From RM491900
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.
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.
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.
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.
To view showroom/special online preview, please contact Maurice at 0198890727 or click the Whatsapp icon below:
Mont Kiara is an affluent township located at the northwest…
from RM860000
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Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman
Calvert tan
on said
I’m interested ur project
admin
on said
Hi Calvert Tan,
Thanks on your interest on our project. Can we have your contact number or
Please Whatsapp us and we’ll get back to you asap