Rent 1 bedroom apartment of 35 m² in George Town

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!

We are located at Lebuh Noordin, one street before Lebuh Magazine (Towards Komtar). Right beside LCY highway which offer a good accessibility to tourism/user.


Project Details for Noordinz Suites

Freehold
Land Usage : Commercial (HDA)
Estimate Completion 48 Months from APDL
Land Area : 1.9057 acres | 7,711.97sqm | 83,011 sqft
Total 603 Units
Building Height : 29 Storey
Units Per Floor : Level 7-13A Approximately 38 Units
Units Per Floor : Level 15-27 Approximately 24 Units
Lift : 6 Passenger Lifts + 1 Service Lift

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.


Tips: To ensure you can earn from airbnb investment, other than buying in the prime location, knowing your target client in the location, you must also buy with the developer with AIRBNB exprience (Not just 1 or 2 but 10+ airbnb properties, as they know whats the correct strategy to make you earn money)
Market analysis based on Mana – Mana Operator (Based on 2023 current rate) – Studio

Average Studio Rate: RM290 | Average Occupancy: 85%
Market analysis based on Mana – Mana Operator (Based on 2023 current rate) – Dual Key

Average dual key rate: RM270 x2 | Average Occupancy 85%
Full set of Latest Market Analysis, Investment Strategy, Cash Flow analysis and holding plan is available for investor, kindly contact Maurice at [HIDDEN] to secure a zoom or showroom analysis.