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Project Memo

Noordinz Suites Investment Memo

George Town, Penang · RM 593K-943K

Tenure

Freehold

Size

377-603 sqft

Developer

Exsim

Completion

2027

Total units

603

Type

Serviced Residence

Entry and holding

RM 593K-943K. Check nett price, package, maintenance, furnishing and vacancy buffer before booking.

Tenant and exit

Likely target audience: local own-stay families, upgraders or practical renters in the surrounding area. Before booking, compare entry price against nearby completed projects so the resale gap is clear. For rental planning, check realistic furnished rental, maintenance fee and vacancy buffer instead of only gross yield.

Risk notes

Traffic and actual travel time should be checked during weekday peak hour. Final package, rebate, car park allocation and legal fee support can change without notice. Rental estimate should be checked against current completed supply nearby. Construction timeline and VP date should be reconfirmed with the developer.

Cash buffer guide

SPA / legal buffer: RM 5,930

Stamp duty buffer: RM 17,790

Loan agreement buffer: RM 2,965

Renovation / move-in buffer: RM 14,825

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