Latest news with #Exsim
The Star
2 days ago
- Business
- The Star
36-floor service apartment striking addition to Penang skyline
22 Macalisterz @ George Town is a striking addition to Penang's skyline and hospitality scene. Note the colonial-era bungalow which has been restored and incorporated as part of its lobby. —Photos: CHAN BOON KAI/The Star DESIGNED as a homage to heritage, 22 Macalisterz @ George Town by Exsim is a striking addition to Penang's skyline. The new 36-storey service apartment, located at the intersection of Macalister Road and Anson Road, will soon welcome guests with modern luxuries. It has 418 units ranging from 31.6sqm to 46.2sqm (340sq ft to 497sq ft) and breathtaking views in every direction – including of Komtar, Penang Hill and the island's sprawling cityscape. The RM266mil development is anchored by standout amenities spread across three experiential zones, one of them called The Rain Drops on Level 36. This features a sky infinity pool, Jacuzzi, kids' pool, hydrotherapy corner, sun deck and gymnasium. A sky bar is also set to open later this year. The Forest Shade on Level 11 offers a whimsical play area, grill bar, herb terrace, chill-out pods and enchanted walkways. Another defining feature can be found at The Cloud Forest on Level 1. A restored, colonial-era mansion has been integrated as the centrepiece of the grand lobby, with its whitewashed facade and neoclassical detailing adding historical charm to the tower's soaring modern facade. Exsim corporate affairs and branding director Michelle Siew described 22 Macalisterz @ George Town as a milestone as it is the group's first project beyond the Klang Valley. 'This distinctive development fuses rich cultural tapestry with urban convenience right in the heart of Penang's capital. The Sky Infinity Pool offers panoramic views of the city, including the iconic Komtar (background). 'It is uniquely merged with a heritage landmark and features many thoughtful touches that pay tribute to the city's timeless character as a Unesco World Heritage Site. 'I'm also proud to announce that it has been accorded silver certification by GreenRE for sustainability features and achieved a Qlassic score of 83%, a testament to quality workmanship.' Siew said this during the Appreciation Day where vacant possession of units were handed over to buyers. The event also featured insightful hospitality and property talks by industry experts, networking session and buffet lunch for the several hundred guests. Mana Mana Hospitality – a brand owned by subsidiary Exsim Hospitality Bhd – also received Malaysia Book of Records certification for being the 'Largest Short-Stay Management Company Chain'. Just like at its other properties in Kuala Lumpur, Selangor and Ipoh in Perak, Mana Mana Hospitality will furnish end-to-end management services. This hands-off investment model allows owners to generate passive income while ensuring the property is well-maintained. 'It ensures that purchasers' assets are protected. 'We expect to welcome our first guests next month,' said Siew. Since its inception in 2008, Exsim has unveiled 56 developments in the Klang Valley, Penang, Perak, Johor, Kelantan, Terengganu, Pahang and Sabah. Of the 56 projects, 16 incorporate hospitality elements. 'We will expand this specific segment with new project launches in prime locations, aimed at investors seeking short-term rental income opportunities,' Siew said. 'By offering affordable entry points, we aim to make hospitality investment more accessible to a broader audience,' she added. Looking ahead, the group will further strengthen its presence in Penang with Noordinz Suites @ George Town which similarly blends historical charm with modern design. There is also The Lighthauz, a waterfront-inspired architectural landmark near Penang Bridge.
The Star
22-06-2025
- Business
- The Star
OCBC backs RM351mil JS-SEZ projects
PETALING JAYA: OCBC Bank (M) Bhd has extended RM351mil in financing to See Hong Chen Group and Exsim to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ). In a statement, OCBC Bank said the financing supports a partnership between Exsim and See Hong Chen Group for the acquisition of freehold land along Jalan Dato Abdullah Tahir in Johor Baru, earmarked for a mixed development project with a gross development value of approximately RM1.8bil. Financing has also been extended to See Hong Chen Group to support the acquisition of freehold land parcels in Johor Baru.
The Star
16-06-2025
- Business
- The Star
OCBC extends RM351mil financing for Johor property projects in JS-SEZ
From left: PAC BOS market group head Jeffrey Tan, OCBC Bank head of commercial banking Kevin Choo, See Hong Chen Group managing director See Cherng Jye, Exsim Group managing director Lim Aik Hoe, See Hong Chen Group chairman Tan Sri See Hong Chen, Exsim Group managing director Lim Aik Kiat, OCBC Bank CEO Tan Chor Sen, OCBC Bank managing director & head of wholesale banking Jeffrey Teoh, and Soans Group director Tan Chee Yuen. KUALA LUMPUR: OCBC Bank (M) Bhd has extended RM351mil in financing to See Hong Chen Group and Exsim to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ). In a statement, OCBC Bank said the financing supports a partnership between Exsim and See Hong Chen Group for the acquisition of freehold land along Jalan Dato Abdullah Tahir in Johor Bahru, earmarked for a mixed development project with a gross development value of approximately RM1.8bil. Financing has also been extended to See Hong Chen Group to support the acquisition of freehold land parcels in Bandar Johor Bahru. OCBC Bank managing director and head of wholesale banking, Jeffrey Teoh, said the financing reflects the bank's continued commitment to supporting sustainable development in the JS-SEZ. 'The JS-SEZ represents a significant opportunity for long-term economic growth, and we are pleased to support our clients in advancing developments that contribute to this region's progress. 'We are always looking to deliver value that goes well beyond traditional lending by offering integrated financial solutions made possible through the cross-entity and cross-border expertise of OCBC's One Group, which includes Great Eastern, Bank of Singapore and PacLease,' he said. Meanwhile, See Hong Chen Group managing director See Cherng Jye said: 'We are grateful for OCBC Bank's support and confidence in our vision. These projects are aligned with our strategy to develop high-impact assets in key growth corridors, and we look forward to contributing to the continued development of Johor Bahru.' Separately, Exsim managing director Lim Aik Hoe said the collaboration marks a significant milestone for the group as it expands its footprint into Johor. He added that with the support of OCBC Bank, Exsim is confident in delivering developments that align with the evolving needs of the market and community.
The Star
30-05-2025
- Business
- The Star
Exsim wins RM46mil contract for Port Dickson hotel renovation
KUALA LUMPUR: Exsim Hospitality Bhd's wholly owned subsidiary, Exsim Concepto Sdn Bhd, has secured a contract worth RM46mil from TotalBuildz Sdn Bhd. In a filing with Bursa Malaysia, Exsim said the contract covers renovation, refurbishment, and interior fit-out works for an 11-storey hotel in Port Dickson. The contract work will commence on May 30, 2025, with overall completion expected within 12 months, no later than May 29, 2026, subject to any extensions allowed under the contract conditions. Exsim expects the contract to contribute positively to its net assets per share, earnings per share and gearing throughout the duration of the contract.
