73, Lebuh Noordin, George Town, 10300 George Town, Pulau Pinang, Malaysia
Property ID : RH-18695-property
2023 upcoming launching by Exsim, in the hottest investment spot of Penang – Georgetown. Strategically located in the hottes spot of Georgetown – Jalan Noordin, which provides a highest visibility, accessibility to toursist. All tourism spots (Good Food, Signature Tower, Famous place for instagrammable, jetties, streets, cafe) are all within walking distance, which bring alot convenience towards tourist, directly drive in the occupancy and demand to this new service condo!
Who is your potential tenants?
Local/Foreigner Tourism Market ( Top 3 Tourism Spot in Malaysia, majority tenants source as most of the tourist would come to stay in Georgetown when travelling to Penang, especially foreigners.)
Medical Tourism (Georgetown – Top 1 Medical Tourism Spot in Malaysia, 14 Medical Specialist within the compound of this new project, 5-10Driving Distance)
Education Tourism (More than 8 Colleges/Uni within 5mins distance from the project, in Georgetown)
Youngster Market ( Anniversaries, party, gathering always be done in Airbnb by youngster, especially the location itself bring the most conviniency to them)
Business & Expatriate (As one of the most business ongoing spot in Penang, there would be alot of business trip demand and expatriates who are sent to here for business related trip/stay)
Why Noordin Street Project?
Freehold Title in Georgetown Address
Georgetown Noordin Street would be the most peak season location in airbnb (Occupancy 70-90% in the whole year)
Low Entry Pricing, From RM500k only
Airbnb Demanded Layout in Penang (Studio and Dual key) Dual key = 2 studios
Long term rental 3x higher then other Penang Region
Top 1 Airbnb Developer – Exsim (More than 40+ projects and more than 10 pure investment airbnb projects)
Free Airbnb Management by Exsim Operator (Top 3 in KL), handling all furnishing, operation etc..
Comparing to other region/ state, Georgetown having the lowest supply when vs to the demand here as most of the land would be under protected/reserved area under state government to preserve the herittage area. It leads to higher occupancy and higher room rate in Georgetown, which results towars higher profit ROI.
Quick Glance on Market Data for Georgetown Airbnb (Updated on Feb 2023)
2023 Average Daily Rate For Studio: RM280/night (Peak Season up to RM500)