Developers › EXSIM
EXSIM: background and track record
EXSIM (Exsim Development Sdn Bhd) is a Malaysian property developer founded in 2009, headquartered in Kuala Lumpur. It is a private company and is not listed. On our list: Phoeniz Suites.
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The facts
| Company | Exsim Development Sdn Bhd |
|---|---|
| Founded | 2009 |
| Headquarters | Kuala Lumpur |
| Listing | Private company, not listed |
| Business | Develops residential, commercial and industrial properties, with projects in the Klang Valley, Johor, Penang, Perak, Pahang, Terengganu and Sabah. |
EXSIM projects on our list
| Project | From | Sizes | Completion |
|---|---|---|---|
| Phoeniz Suites | RM1,016,400 | 484 sq.ft. - 678 sq.ft. | Q2 2029 |
History and founding
According to The Edge Malaysia (Feb 2013), the Lim family had worked in the timber trade for four generations before brothers Lim Aik Hoe and Lim Aik Kiat moved into property. During the 2008 financial crisis they spent about RM105 million on 29 acres in Bukit Jalil, Sungai Besi, Kota Damansara and Bukit Rimau, and set up the property arm in 2009. StarProperty (Nov 2017) describes Lim Aik Hoe, a chartered accountant and licensed auditor who earlier ran the firm Ecovis AHL, as having started EXSIM in 2008 with his brothers Aik Kiat, Aik Fu and Aik Keong. The first projects were industrial parks under the Nouvelle banner (Kota Damansara, Bukit Rimau, Balakong, Meru) launched from 2009, followed by residential towers starting with The Treez in Bukit Jalil. [source]
- Lim Aik Hoe — Founder and Managing Director
- Lim Aik Kiat — Co-founder; Deputy Managing Director (2017)
- Lim Aik Fu — Co-founder; Deputy Managing Director (2017)
- Lim Aik Keong — Named by StarProperty (2017) as one of the brothers who started EXSIM in 2008
How the company grew
2008-2012
Land bought during the 2008 crisis; property arm set up in 2009; Nouvelle industrial parks launched, with Nouvelle Kota Damansara (GDV RM70m) completed by early 2013. [source]
2013-2019
Shift to high-rise residential in Bukit Jalil, Sungai Besi and Old Klang Road (The Treez, Twin Arkz, The Leafz, Petalz, The Rainz). By June 2019 the group said it had completed and delivered over 14 projects and had 21 developments with GDV of RM7.781 billion.
2019-2023
Expansion into larger sites: 61-acre Central Park Damansara in Damansara Perdana bought in 2019 (total GDV RM9 billion per The Edge, 2022), land at Empire City, and projects in Penang and other states; first ASEAN Green SRI Sukuk issuances. [source]
2024-2026
VP of five developments in FY2025 (Apr 2024-Mar 2025); RM2.024 billion property sales revenue reported for FY2025; new launches in Johor Bahru (Causewayz Square @ JBCC, 2026) and Kuala Lumpur city centre; first stand-alone sustainability reporting with GHG disclosure.
Listing and corporate changes
- — Exsim Development Sdn Bhd is a private company and is not listed. A related company, EXSIM Hospitality Berhad (stock code 1287), is listed on the Bursa Main Market. [source]
Track record in numbers
| Years operating | 17 (since 2009 property arm; as at 2026) |
|---|---|
| Completed projects | Over 14 projects completed and delivered (company statement, 13 June 2019). No newer consolidated count found. 5 developments reached VP in FY2025 (1 Apr 2024-31 Mar 2025). |
| Units delivered | Not publicly disclosed as a consolidated figure. |
| Cumulative GDV | 21 developments with GDV of RM7.781 billion 'achieved', plus RM18 billion GDV in pipeline (company statement, as at 13 June 2019). |
| Landbank | Not publicly disclosed (latest company figure found: about 12 acres in the Klang Valley, Feb 2013 - outdated). |
| Unbilled sales | Not publicly disclosed. |
| Latest annual sales | RM2.024 billion revenue in property sales (economic value generated RM2,023,851,000; economic value retained RM206,595,000) for FY2025, 1 Apr 2024-31 Mar 2025, self-reported in EXSIM Sustainability Report FY2025 pp.8 and 26 (private company; not a Bursa filing). |
As at FY2025 ended 31 March 2025 for sales and VP count; 13 June 2019 for project/GDV totals, as stated in the company's filings.
Completed developments
| Development | Location | Completed |
|---|---|---|
| D'Vervain Residences (Central Park Damansara) | Damansara Perdana, Selangor | VP in FY2025 (Apr 2024-Mar 2025) |
| D'Quince Residences (Central Park Damansara) | Damansara Perdana, Selangor | VP in FY2025 (Apr 2024-Mar 2025) |
| D'Vine Residences (Central Park Damansara) | Damansara Perdana, Selangor | VP in FY2025 (Apr 2024-Mar 2025) |
| D'Erica Residences (Central Park Damansara) | Damansara Perdana, Selangor | VP in FY2025 (Apr 2024-Mar 2025) |
| The Rosewoodz @ Bukit Jalil | Bukit Jalil, Kuala Lumpur | VP in FY2025 (Apr 2024-Mar 2025) |
| Millerz Square @ Old Klang Road (Tower A & B) | Old Klang Road, Kuala Lumpur | 2022 (Tower A & B completed Jan 2022 per site-progress page) |
| The Arcuz @ Kelana Jaya | Kelana Jaya, Selangor | |
| The Rainz @ Bukit Jalil | Bukit Jalil, Kuala Lumpur | |
| Twin Arkz @ Bukit Jalil [source] | Bukit Jalil, Kuala Lumpur | by Nov 2017 |
| Petalz Residences @ Old Klang Road [source] | Old Klang Road, Kuala Lumpur | by Nov 2017 |
| The Leafz @ Sungai Besi [source] | Sungai Besi, Kuala Lumpur | by Nov 2017 |
| The Treez - Jalil Residence @ Bukit Jalil [source] | Bukit Jalil, Kuala Lumpur | by Nov 2017 |
| Nouvelle Industrial Park, Kota Damansara [source] | Kota Damansara, Selangor | by Feb 2013 |
Ongoing and upcoming developments
| Development | Location | Expected completion |
|---|---|---|
| Causewayz Square @ JBCC | Johor Bahru city centre | |
| The Lighthauz | Gelugor, Penang | |
| The Vividz @ Bukit Jalil | Bukit Jalil, Kuala Lumpur | |
| Hanaz Suites @ KL City Centre | Kuala Lumpur | |
| Kyliez Suites @ KL City Centre | Kuala Lumpur | |
| Hugoz Suites @ KL City Centre | Kuala Lumpur | |
| Branniganz Suites @ Bukit Bintang | Bukit Bintang, Kuala Lumpur | |
| D'Clover Residences (Central Park Damansara) [source] | Damansara Perdana, Selangor | |
| D'Terra Residences (Central Park Damansara) [source] | Damansara Perdana, Selangor | |
| Mixed development with Kwasa Land at Kwasa Damansara [source] | Kwasa Damansara, Selangor | First phase expected 2027 (as reported Mar 2023) |
Delivery record (from official documents)
- Five developments (D'Vervain, D'Quince, The Rosewoodz, D'Vine, D'Erica) — EXSIM states it completed VP for five developments in FY2025 (1 Apr 2024-31 Mar 2025). No contractual VP dates published.
- Millerz Square — Company site-progress page: Tower A & B completed in January 2022.
- Group — EXSIM reports an 82% average QLASSIC score for developments handed over in FY2025.
Certifications
- GreenRE Gold (final) — D'Erica Residences (2026 (posted 25 Feb 2026))
- GreenRE Gold (final) — D'Vervain Residences (2025)
- GreenRE Silver (final) — The Rosewoodz @ Bukit Jalil (2024)
- GreenRE Silver (final) — The Arcuz @ Kelana Jaya (2024)
- GreenRE Gold (final) — Scarletz Suites @ KL City Centre (2024)
- GreenRE Silver (final) — Ceylonz Suites @ Bukit Ceylon (2024)
- GreenRE Bronze (final) — Millerz Square @ Old Klang Road (Devon, Astor & Barrow, Elmwood, Charlton towers) (2023-2024)
- GreenRE Bronze (final) — Nidoz Residences @ Desa Petaling (2022)
- GreenRE Provisional (Silver/Gold/Bronze) — The Vividz, Hanaz Suites, The Aldenz, The Asteriaz @ Kebun Teh, Qubaz Suites, Branniganz Suites, Sea Crestz, Kyliez Suites, The Kingswoodz, Noordinz Suites, Hugoz Suites, Veladaz Residences, Bayu Damai Residences, D'Terra, D'Tessera (2023-2025)
- QLASSIC - CIDB QUEST 2024 Anugerah Kecemerlangan QLASSIC — Mossaz (2024)
- GBI (Green Building Index) — The Treez @ Bukit Jalil (company states it met GBI standards)
Awards
- 2026 FIABCI World Prix d'Excellence Awards 2026 - Mixed-Use Development (EXSIM press release title says 'World Silver'; recognitions page says 'World Winner') — Millerz Square @ Old Klang Road (FIABCI)
- 2026 FIABCI World Prix d'Excellence Awards 2026 - Residential High Rise (press release title 'World Silver'; recognitions page 'World Winner') — The Arcuz @ Kelana Jaya (FIABCI)
- 2025 FIABCI World Prix d'Excellence Awards 2025 - Industrial category, World Gold Winner — Nouvelle Industrial Park @ Kota Puteri (FIABCI)
- 2025 Malaysia Property Award (FIABCI-Malaysia) 2025 - Mixed-Use Development, Winner — Millerz Square @ Old Klang Road (FIABCI-Malaysia)
- 2025 Malaysia Property Award (FIABCI-Malaysia) 2025 - Commercial Residential High Rise, Winner — The Rosewoodz @ Bukit Jalil (FIABCI-Malaysia)
- 2024 Malaysia Property Award (FIABCI-Malaysia) 2024 - Commercial Residential Super High-Rise, Winner — The Arcuz @ Kelana Jaya (FIABCI-Malaysia)
- 2024 Malaysia Property Award (FIABCI-Malaysia) 2024 - Affordable Housing Super High-Rise, Winner — D'Nuri Residences @ Desa Petaling (FIABCI-Malaysia)
- 2023 FIABCI World Prix d'Excellence Awards 2023 - Residential High-Rise, World Winner — The Rainz @ Bukit Jalil (FIABCI)
- 2023 Malaysia Property Award (FIABCI-Malaysia) 2023 - Industrial, Winner — Nouvelle Industrial Park @ Kota Puteri (FIABCI-Malaysia)
- 2022 Malaysia Property Award (FIABCI-Malaysia) 2022 - Residential (High Rise), Winner — The Rainz @ Bukit Jalil (FIABCI-Malaysia)
- 2022 Malaysia Developer Awards 2022 - Special Awards: Rising Star; Transformation — EXSIM (company) (StarProperty (Malaysia Developer Awards))
- 2017 Malaysia Property Award (FIABCI-Malaysia) 2017 - Property Man — Lim Aik Hoe (individual) (FIABCI-Malaysia)
- 2016 iProperty People's Choice Awards 2016 - Best Emerging Developer — EXSIM Development Sdn Bhd (company) (iProperty)
- 2015 Malaysia Property Award (FIABCI-Malaysia) 2015 - Industrial, Winner — Nouvelle Industrial Park Lot 10 @ Kota Damansara (FIABCI-Malaysia)
Questions
Is EXSIM a listed company?
It is a private company and is not listed.
When was EXSIM founded?
In 2009.
Who founded EXSIM?
Lim Aik Hoe, Lim Aik Kiat, Lim Aik Fu, Lim Aik Keong.
Which EXSIM projects does Claire cover?
Phoeniz Suites.
Background facts come from annual reports, Bursa Malaysia filings, the company's own About page and news reports; last checked 17 October 2026. We do not rate developers.