Verdict
A freehold, waterfront rental play on Penang island. The psf is high for small units, so it suits buyers who value island freehold and rental flexibility over space.
Location
The site sits on the Gelugor waterfront, fronting the Tun Dr Lim Chong Eu Expressway — the island's main north–south artery. Penang Bridge, Lotus's E-Gate and Queensbay Mall are minutes away, George Town's heritage core is a short drive north, and USM and the Bayan Lepas industrial zone supply a steady pool of tenants.
Pros & cons
Why buyers like it
- Freehold island title
- Waterfront address with sea-facing stacks
- Dual-key option for live-and-rent
- Strong rental catchment: USM, Bayan Lepas, George Town
- Commercial title permits short-stay rental
Things to consider
- ≈ RM1,694–1,731 psf — expensive for the size
- Maintenance ≈ RM0.94 psf
- Completion 2030: a long wait for rental income
- Small units only — not for families
Rental outlook
Compact freehold suites near the expressway tend to rent to young professionals, students' families and short-stay business visitors. The dual-key layout widens the options: two smaller tenancies usually earn more combined than one larger one.
Who should buy
- Buy if you want freehold on Penang island and plan to rent it out.
- Buy the dual-key if you want to live in it and rent half.
- Skip if you need space for a family or want the lowest psf — mainland Penang and Bukit Jalil are far cheaper per sqft.
Keeperz Suites vs The Vividz
| Keeperz Suites | The Vividz | |
|---|---|---|
| Location | Gelugor waterfront, Penang | Bukit Jalil, KL |
| Tenure | Freehold | Leasehold |
| Sizes | 484–581 sqft | 484–915 sqft |
| From | RM820,100 | RM446,400 |
| Units | 493 | 1,138 |
| Completion | 2030 | Q3 2029 |
Developer track record
EXSIM has developed 80+ projects since 2008 and holds FIABCI award recognition. Keeperz Suites is developed by its subsidiary EXSIM Waterfront Sdn Bhd.
Review FAQ
Is Keeperz Suites a good investment?
Its freehold title, waterfront location and dual-key option suit rental investors. The main drawbacks are a high psf and a 2030 completion date.
Who is the developer of Keeperz Suites?
EXSIM Waterfront Sdn Bhd, part of EXSIM Group.