KUALA LUMPUR (March 3) — EXSIM Hospitality Bhd has been awarded a RM54.5 million turnkey contract for the development of a water park project, strengthening its construction and hospitality portfolio.
In a filing with Bursa Malaysia, the company announced that the contract was secured through its wholly owned subsidiary, EXSIM Concepto Sdn Bhd, from Aqua Empire Sdn Bhd.
The contract encompasses a comprehensive scope of work, including project design, supply, construction, commissioning, as well as ongoing maintenance and performance guarantees.
The construction period is set for one year, followed by a 12-month defect liability period to ensure quality assurance and operational reliability upon completion.
Such turnkey arrangements highlight the growing demand for integrated project delivery models within Malaysia’s broader property and leisure development ecosystem — a segment that complements mixed-use townships and commercial property in KL.
EXSIM Hospitality stated that the contract is expected to contribute positively to the group’s earnings, net assets per share and overall financial position throughout the project duration.
While this particular project focuses on leisure infrastructure, it reflects the continued diversification of Malaysia’s property-linked companies. In established growth regions such as Kuala Lumpur and Selangor, integrated developments increasingly combine residential, hospitality, retail and commercial components to create destination-driven environments.
This trend aligns with sustained interest in industrial land in Selangor and strategic business locations where complementary lifestyle amenities enhance surrounding asset values. For example, developments near factory in Puchong clusters or industrial property in Subang area often benefit from improved leisure and commercial offerings that support workforce retention and community vibrancy.
As infrastructure and lifestyle projects expand across Malaysia, they indirectly strengthen demand fundamentals for office space in Bukit Jalil and other commercial hubs by improving live-work-play integration.
In Kuala Lumpur and Selangor, well-executed turnkey developments — whether hospitality, commercial or industrial — continue to shape investor confidence. The ability of companies like EXSIM Hospitality to secure sizeable contracts reinforces market momentum within the broader commercial property in KL landscape.
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