MABA Suitez @ KL City Centre — A New Landmark by EXSIM & MABA

MABA Suitez transforms the 1.328-acre former Wisma MABA site into two 60-storey serviced-residence towers with ~1,300 units, located opposite Merdeka 118 in central KL. Jointly developed by EXSIM and the Malaysian Basketball Association, it aims to provide long-term financial stability for MABA through rental income while offering prime city-centre living.

“MABA Suitez – A transformative RM800 million redevelopment rising beside Merdeka 118”

MABA Suitez marks one of Kuala Lumpur’s most meaningful and transformative city-centre redevelopments — a visionary collaboration between EXSIM Development and the Malaysia Basketball Association (MABA). Beyond being a prime real estate investment opportunity, the project represents a new legacy for Malaysian basketball, turning a 50-year-old landmark into a sustainable financial engine for national sports development.

Strategically positioned along Jalan Hang Jebat, directly across the world-renowned Merdeka 118 precinct, MABA Suitez is set to redefine urban living with two iconic 60-storey serviced residence towers rising over Kuala Lumpur’s historic district.

Project Overview

  • Developer: EXSIM Development (Joint Venture with Malaysia Basketball Association)
  • Location: Former Wisma MABA site, Jalan Hang Jebat, Kuala Lumpur
  • Land Size: 1.328 acres (0.53 hectares)
  • Towers: 2 towers, 60 storeys each
  • Total Units: Approx. 1,300 units
  • Types:
    • Serviced Apartments (484 – 657 sq ft)
    • Office Suites (323 sq ft)
  • Price Range: RM1,800 – RM2,200 psf (final pricing expected March 2026)
  • Completion Target: 2031
  • Unique Feature: New 3,000 sqft MABA HQ with a half 3×3 basketball court inside the tower

🏀 A Project with Purpose — Building Financial Independence for MABA

This redevelopment isn’t just another high-rise project — it is designed to secure long-term financial stability for MABA.

Key financial highlights:

  • MABA receives RM170 million from the redevelopment
  • RM120 million will be reinvested into purchasing serviced units within MABA Suitez
  • Expected rental yield: 5%, generating approximately RM6 million annually

This means:

MABA will become self-sustaining, reducing reliance on donations and enabling more nationwide basketball programs.

The project truly blends real estate investment with a national sports mission — a rare and inspiring combination.

📍 Prime KL City-Centre Location

MABA Suitez is one of the most well-located upcoming launches in Kuala Lumpur:

🚆 Transit Within Walking Distance

  • MRT Merdeka Station
  • LRT Plaza Rakyat Station

🏙 Neighbouring Major Landmarks

  • Opposite Merdeka 118 — Malaysia’s tallest tower
  • Close to Chinatown, Hang Tuah area, Pudu, Bukit Bintang
  • Surrounded by mature infrastructure, dining, retail, and commercial offices

This unbeatable connectivity positions MABA Suitez as a strong candidate for:

  • Short-stay rentals (Airbnb / booking platforms)
  • Expat & workforce rental demand
  • Investors seeking high-traffic city-centre units

Why Redevelop Wisma MABA?

Wisma MABA, built in 1969, has been a historic symbol for Malaysian basketball — even hosting FIBA Asia’s headquarters. However, the ageing building now suffers from:

  • Persistent roof leakages
  • Outdated cooling systems
  • Structural wear & deterioration
  • Ageing stadium conditions

MABA President Datuk Seri Lee Tian Hock emphasised that the association must look forward and build a new legacy — not rely on past achievements.

⭐ What Makes MABA Suitez Stand Out

1️⃣ A Rare Location Facing Merdeka 118

One of the last few city-centre redevelopment plots within walking distance to two rail lines.

2️⃣ Two Striking 60-Storey Towers

Skyline-defining residences with EXSIM’s signature architecture.

3️⃣ Compact, High-Efficiency Layouts

Ideal for rental income and young urban buyers.

4️⃣ Strong Developer Reputation — EXSIM

Known for high-demand projects (The Fiddlewoodz, D’Amansi, Mossaz, Scarletz Suites).

5️⃣ Sports Heritage + Real Estate Investment

The only KL project with a built-in basketball court and a purpose-driven financial model.

Verdict — A Strong KLCC Fringe Investment with Meaning

MABA Suitez is more than a redevelopment — it is a city-centre reinvention backed by legacy, purpose, and prime location economics.

For investors, the combination of:

  • High-demand KLCC fringe location
  • Compact, rentable unit sizes
  • Strong developer branding
  • Proximity to MRT/LRT
  • Merdeka 118 spillover effect

makes MABA Suitez a project worth watching closely.

As pricing finalises (RM1,800–RM2,200 psf), it may position itself as one of the most attractive central KL launches for 2025/2026.

👉🏻 Join the MABA Suitez pre-registration list — be the first to know when units open for booking!

Ref:

  1. https://www.klsescreener.com/v2/news/view/1629573/RM800mil_MABA_Suitez_set_to_boost_basketball_and_financial_independence
  2. https://theedgemalaysia.com/node/783891