Review of EXSIM New Project in Gelugor, Penang 2025
✅ Freehold Seafront ✅ Best Value PSF ✅ Versatile Use
"A Beacon of Coastal Elegance & Modern Living!"
Welcome to EXSIM's latest architectural gem in Gelugor, Penang—a breathtaking development redefining waterfront living. Positioned in the heart of Penang’s vibrant landscape, this project seamlessly blends contemporary elegance with coastal serenity, offering an unmatched lifestyle and investment opportunity. Inspired by timeless guidance and stability, it shines as a beacon of luxury, connectivity, and comfort in Penang’s evolving skyline.
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EXSIM New Project in Gelugor, Penang:
Unique Selling Points
Freehold Ownership
A rare freehold property in Penang, offering enduring value and flexibility for long-term ownership
Trusted Developer
EXSIM’s proven track record ensures quality, timely delivery, and unwavering commitment to promises
Effortless Ownership
Streamlined processes make acquiring your dream home simple, with EXSIM’s expert guidance
Move-In-Ready Units
Partially furnished units enable easy settling in, combining convenience with modern comfort
Thriving Neighborhood
Located in a mature area with strong growth potential, supported by ongoing and future developments
Optimized Layouts
Thoughtfully designed units maximize space and functionality for modern lifestyles
Premier Seafront Address
Penang’s most coveted seafront location, blending scenic beauty with urban sophistication
Superior Connectivity
Direct access to key highways and the upcoming Mutiara LRT for seamless travel
Vibrant Community
A lifestyle-focused development fostering an engaging, well-rounded community
EXSIM New Project in Gelugor, Penang:
Strategic Location
Prime Positioning:
Situated in Gelugor, a dynamic hub in Bandar George Town, Daerah Timur Laut, Pulau Pinang, offering the perfect blend of coastal charm and urban convenience
Connectivity
Public Transport:
Close to the upcoming Mutiara LRT line, enhancing island-wide accessibility
Major Highways:
Direct access to Tun Dr Lim Chong Eu Expressway, Jalan Gelugor, and Penang Bridge for easy travel to the mainland
Scenic Views
Waterfront setting with panoramic vistas of Gelugor, Bukit Dumbar, Penang Mainland, and Penang Bridge, visible from 100 ft to 600 ft
EXSIM New Project in Gelugor, Penang:
Nearby Amenities
Education
- Universiti Sains Malaysia (USM) (2 km)
- Schools: SK Gelugor, SMK Bukit Gambir
Healthcare
- Gleneagles Hospital Penang (4 km)
- Pantai Hospital Penang (5 km)
Shopping & Lifestyle
- Queensbay Mall (3 km)
- Bukit Dumbar Park for recreation
- Vibrant local eateries, cafes, and markets in Gelugor
Business & Commerce
- George Town’s commercial hub (6 km)
- Bayan Lepas Free Industrial Zone, a key IT and tech hub (10 km)
Why Choose EXSIM New Project in Gelugor, Penang?
Why Invest Here?
- Rare Freehold Value: Freehold tenure ensures long-term appreciation and legacy potential
- High Growth Potential: Gelugor’s established neighborhood and ongoing developments drive capital gains
- Strong Rental Demand: Proximity to USM, Bayan Lepas IT hub, and George Town attracts students, IT professionals, and expatriates
- Prime Connectivity: Highways and the upcoming Mutiara LRT enhance accessibility and future value
- Lifestyle Appeal: Waterfront living, premium facilities, and nearby amenities create a high-demand residence
- Trusted Developer: EXSIM’s reliability ensures quality construction and timely delivery
- Versatile Investment: Suitable for rental income, personal use, or long-term capital growth
Who Should Invest?
- First-Time Homebuyers: Simplified ownership and furnished units make it an accessible entry point
- Families: Functional layouts, kid’s playground, and nearby schools cater to family needs
- Local Investors: Freehold status and growth potential offer strong returns
- Professionals & Expatriates: Proximity to Bayan Lepas and George Town suits dynamic lifestyles
- Retirees: Scenic views, community living, and nearby healthcare ensure comfort
- Legacy Builders: Freehold tenure and premier address create a lasting asset
Suitability for Foreign Investors
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Ideal for Foreigners: Penang’s thriving IT and tech industries, centered in Bayan Lepas (10 km), attract a large expatriate workforce, making this property highly suitable for foreign investors
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Why Foreigners Should Buy:
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High Rental Yield: IT professionals, particularly from Singapore, China, and India, seek premium rentals, ensuring strong ROI (est. 4-5% based on similar Penang projects)
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Foreign Ownership: Malaysia allows foreigners to own freehold service apartments with no minimum price threshold in Penang, unlike other states
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MM2H Eligibility: Qualifies for Malaysia My Second Home program, appealing to long-term residents
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Proximity to Work: Bayan Lepas, home to companies like Intel and Dell, ensures tenant demand from expatriates
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Lifestyle Fit: Modern facilities, waterfront views, and connectivity align with expatriate preferences
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Support for Foreign Buyers: EXSIM offers virtual tours, multilingual support, and legal assistance to simplify the process for overseas investors
Find out more about EXSIM New Project in Gelugor, Penang?
New Project Located at Gelugor, Penang
Contact Us
Eric Lau Ching Lung
REN 76299
+6012-696 3011
whatsApp
中文 / Eng / BM / Foochow
Contact us today to request a demo and secure your place in EXSIM’s premier waterfront development in Gelugor, Penang!
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EXSIM New Project in Gelugor, Penang: FAQs
What type of property does Exsim offer in this Gelugor, Penang development?
This Exsim development typically features modern service apartments or condominiums, designed to cater to contemporary lifestyles.
What are the typical unit sizes and configurations available?
Units generally range in size from approximately 732 sqft to 1,001 sqft, offering configurations of 2 to 3 bedrooms to suit various needs. Some units may feature flexible layouts, including "hackable wall designs" to allow for personalized living spaces.
What makes this Exsim development stand out from others in Penang?
This Exsim development offers a unique blend of seafront living with breathtaking open views, allowing residents to enjoy daily sea breezes. It is distinguished by its innovative architectural design, often featuring distinctive facades and luxurious interiors that closely match artist impressions. The project also boasts meticulously designed landscaped outdoor spaces by award-winning architects, creating an urban retreat amidst nature and modern city lights.
What is the land tenure for properties in this Exsim development?
The properties within this Exsim development are usually Freehold and come with a Commercial Title under the Housing Development Act (HDA), providing long-term security of ownership.
Is this development suitable for foreign property ownership in Penang?
Yes, foreigners are permitted to own property in Penang, including freehold strata titles like those offered here. This development is designed to meet the minimum property value thresholds set by the Penang state authority for foreign buyers, making it an eligible option.
How does the Malaysia My Second Home (MM2H) program relate to purchasing property here?
The MM2H program provides a long-term social visit pass, and successful applicants may enjoy certain advantages, such as a potentially lower minimum purchase price threshold for residential properties in Penang compared to general foreign ownership rules.
How does Penang's thriving IT sector make this location attractive for IT professionals?
Penang is a prominent hub for the IT and electronics manufacturing industries, attracting many multinational corporations and offering diverse career opportunities for IT professionals. Living in this development provides convenient access to major business districts, allowing for a good work-life balance in a vibrant tech-driven environment.
What is the quality of life like for IT professionals and expatriates in Penang?
Penang offers a high quality of life with a relatively affordable cost of living compared to many global cities. It boasts a relaxed island lifestyle, excellent infrastructure, reliable internet connectivity, a diverse culinary scene, and a welcoming international community. English is widely spoken, facilitating easy integration.
How does this location benefit those interested in medical tourism in Penang?
Penang is renowned as a world-class medical tourism destination, offering high-quality healthcare services at competitive costs. This Exsim development is strategically located with convenient access to several internationally accredited hospitals and medical centers known for their advanced facilities and highly skilled professionals. This proximity provides peace of mind for residents seeking medical care or participating in health tourism.
What kind of facilities and amenities can residents expect within this Exsim development?
This modern Exsim development provides a full suite of premium lifestyle facilities. These typically include recreational amenities such as a sky lounge, infinity pool with panoramic island views, well-equipped gymnasium, and dedicated co-working spaces. The development also provides robust multi-tiered security features, including 24-hour surveillance and access control systems.