KUALA LUMPUR (May 4): Exsim Group is set to launch new projects nationwide this year, with a total estimated gross development value (GDV) of RM5 billion. Among them is phase nine of its 65-acre Sentral Damansara development — previously known as Central Park Damansara — in Petaling Jaya. The Aldenz, with a GDV of RM499 million, is targeted for a June launch and will comprise 662 serviced apartments along with a retail offering.
Since the 2019 launch of Sentral Damansara, Exsim has rolled out 70% of the development. The leasehold RM11 billion project is located opposite Empire City Damansara and across the Damansara-Puchong Expressway and features serviced residences as well as retail and commercial elements.
The group has set a sales target of RM3 billion for this year with a focus on mid-range residential units priced between RM500,000 and RM700,000, as well as hospitality-related developments.
In our MySpace column, Brandon Chuah, director of Brand C – The Property Community, explores shifting dynamics and opportunities for Asian investors in international property markets.
Also in this issue, Chin Hin Property Bhd reports a 91% take-up rate for its RM892 million Dawn KLCC serviced apartment project. The 1.41-acre development offers 468 office suites and 492 serviced apartments in a single tower, with units starting from RM713,000. Completion is slated for 2Q2029.
Meanwhile, Rahim & Co regional manager (Sabah) Max Sylver shares insights in The Edge Malaysia | Rahim & Co Kota Kinabalu Housing Property Monitor 4Q2024, noting that Sabah’s residential sector ended 2024 on a firm footing, with sustained growth projected ahead.
Our Singapore counterpart highlights Keong Saik’s shophouses, now experiencing a renaissance in what experts have dubbed the third wave of revitalisation. According to Savills Singapore’s Yap Hui Yee, the street’s colourful heritage and a new crop of entrepreneurs, artists and chefs are driving organic regeneration.
Read all about it in the May 5 issue of The Edge Malaysia weekly.
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