EXSIM Group plans to set foot in Penang with the launch of 22 Macalisterz, a serviced apartment project located on 0.45 hectares along Jalan Macalister this year.

This will be the first property project for the developer outside of Klang Valley.

Established in 2008, EXSIM has launched 28 property projects with a total gross development value of RM12 billion, with another RM18 billion in the pipeline. The majority of the projects are located in Bukit Jalil and Petaling Jaya.

EXSIM head of corporate communications Michelle Siew told NST Property that EXSIM is looking to make its mark in major states across the country in a drive to expand the group's portfolio.

KUALA LUMPUR (Oct 14): Mammoth Empire Holding Sdn Bhd (MEH) has sold a 61-acre tract in Damansara Perdana, Selangor, to Exsim Development Sdn Bhd for RM760 million, reported The Edge Malaysia based on government documents.

According to information released by National Property Information Centre (Napic), the six lots of land were transacted in March.

The weekly also confirmed with MEH executive director Datuk Danny Cheah that the lands “had been set aside” for Empire City Damansara 2 (ECD2). MEH is the developer of the RM5 billion Empire City Damansara (ECD1).

The business publication calculated that at “RM760 million, the deal for the 61 acres, or 2.67 million sq ft, works out to RM286 per sq ft (psf)”.