Exsim Group is planning to launch projects worth RM4 billion this year, of which about half, or RM2.05 billion, will come from its crown jewel development, Central Park Damansara in Damansara Perdana, Selangor.
Exsim head of corporate communications Michelle Siew says other launches include projects in Old Klang Road, Bukit Jalil and Puncak Jalil. The developer also plans to venture into Perak and Kelantan this year with the development of hospitality buildings, which will offer small units that can be used for short-term stays such as Airbnb.
“We foresee that the market will be back on track and we want to capture this opportunity. The projects in Old Klang Road, Bukit Jalil and Puncak Jalil are still at the planning stage. We do our projects concurrently and, often, we can do each within a year from planning to selling,” Siew tells City & Country.
Spread across 2.625 acres, the serviced apartment development in Old Klang Road is called D Ivo Residences. There will be 608 units of 892, 1,081 and 1,083 sq ft in two towers. The project has a gross development value (GDV) of RM444 million. The developer is unable to share details on the Bukit Jalil and Puncak Jalil projects.
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