Industrial Property News
Malaysia factory, land & industrial market news — with Scott's take on what each story means for owners and buyers.
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TMK Chemical to buy CCM and its nine plants for RM939.9m
TMK Chemical will buy Chemical Company of Malaysia from Batu Kawan Bhd for RM939.9m in cash and shares, taking nine plants on about 122 acres in five states.
Scientex buys 503 acres in Pulai, Johor, at RM26.50 psf
Scientex is buying 502.6 acres of freehold land in Mukim Pulai, Johor, from a Leong Hup group company for RM580.2m, its fourth Pulai land purchase since 2017.
China’s S J leases 8.5 acres in Batu Kawan for US$70m plant
PEN S J Electronics, the Penang arm of China’s S J Electronics, is leasing about 8.5 acres in BKIP3 from PDC for a US$70m chip-materials plant with 1,000 jobs.
WTK sells 6-acre Perai factory site to NationGate for RM38m
WTK’s tape maker Loytape is selling three leasehold lots in the Perai Industrial Estate, 6.08 acres in all, to NationGate for RM38 million, about RM143 psf.
DPI buys 2-acre Kota Kinabalu industrial lot for RM7.6m
DPI Holdings’ Sabah distribution arm is buying a vacant 2.05-acre lot in the Kota Kinabalu Industrial Park for RM7.6 million, about RM85 psf, for warehousing.
Taiwan’s E&R opens Melaka chip carrier-tape plant on 13 Oct
Taiwan’s E&R Engineering opens a carrier-tape plant in Phase III of Melaka’s Batu Berendam Free Trade Zone on 13 October, with mass production in early 2027.
Axis REIT completes RM38m Shah Alam buy at 6.65% yield
Axis REIT completed its RM38m buy of a 3.03-acre industrial complex on Jalan Halba, Shah Alam, from chairman Stephen Tew’s Rubicon Assets, at a 6.65% yield.
Ajiya sells Puchong factory for RM58m, 45% above valuation
Ajiya is selling its 3.3-acre freehold Puchong factory to healthcare-products maker Esprit Care for RM58 million, about RM398 psf of land.
Chin Hin sells Boon Koon, Nibong Tebal factory for RM62m
Chin Hin Group Property is selling Boon Koon's commercial vehicle business to HSG for RM62 million, RM60 million of it for 10.4 freehold acres in Nibong Tebal.
AYER buys 9.11 acres on Jalan Kuchai Lama for RM138m
AYER Holdings is buying 9.11 freehold acres on Jalan Kuchai Lama from a Lim family company for RM138 million, about RM348 psf; both titles are agricultural.
Sunsuria to sell 45 acres in Sepang to Amazon for RM316.8m
Sunsuria will sell 45.46 freehold acres in Dengkil, Sepang, to Amazon Data Services Malaysia for RM316.84 million, about RM160 psf, completing by 2Q2027.
Karyon buys Masai factory for RM8.61m, about RM223 psf
Karyon Industries has completed its RM8.61 million purchase of a 31-year-old freehold factory in Bandar Seri Alam, Masai, about RM223 psf of land.
UMS Integration raising RM450m, RM332m for Penang automation
UMS Integration is placing up to 52.94 million new shares at RM8.50 to raise RM450 million, with RM332.25 million for automating its Penang factories.
KL's priciest home sales of 2026: RM70.5m U-Thant bungalow
A RM70.5 million Taman U-Thant bungalow leads KL's nine priciest home sales of 2026; Penang's top recorded deal, RM12.74 million, would not make the list.
Cititel Penang for sale at RM163m, about RM361,000 a room
The 451-room Cititel Penang on Penang Road is for sale by expression of interest at RM163 million, about RM361,000 a room; the EOI closes on 30 September.
Setia Awan launches RM1.4b Tanjong Malim Hi-Tech Park
Setia Awan has launched the 447-acre Tanjong Malim Hi-Tech Park beside Proton City; phase 1 land starts at RM55 psf and is about half taken up.
Gurun Heavy Industrial Park: land sales, prices and tenants
Ann Joo's Gurun Heavy Industrial Park in Kedah sold 122.5 acres to China's LB Group and Putailai in 2026 at RM44–45 psf; about 135 acres are left.
LB Group starts RM1b titanium dioxide plant in Gurun, Kedah
China's LB Group has started a RM1 billion titanium dioxide plant on 60.1 acres in the Gurun Heavy Industrial Park, Kedah, with RM600 million in phase 1. It paid RM117.8 million, o…
L&G to launch Lembah Beringin industrial park in 1Q 2027
Land & General will launch 240 acres of factories and plots on its 2,500-acre Kerling estate beside Lembah Beringin in 1Q 2027, next to Chery's new car plant. The land sits in its …
KIP REIT plans mall upgrades, values six factories at RM162m
KIP REIT will upgrade three malls, including a RM160 million AEON extension at Kinta City, and is days from completing its RM435 million Setapak Central buy. Its six sale-and-lease…
Pekat leases 470 acres in Sungai Petani for a solar farm
Pekat Teknologi signed a conditional 24-year lease on 470 acres of oil-palm land in Sungai Petani at RM350 an acre a month for a solar and battery plant. The Kedah lessor, named af…
Powerwell wins record RM190m orders for Johor data centre
Powerwell received two purchase orders worth RM190.4 million on 21 September for low-voltage switchgear at a Johor data centre, its largest award ever. The buyer is a returning glo…
Powerwell profile: the switchboard maker behind data centres
Who is Powerwell? A Shah Alam maker of low- and medium-voltage switchboards and a Siemens licensee, listed on Bursa in 2020. Data-centre orders have lifted its order book to about …
Jelutong landfill and the Karpal Singh Drive reclamation
Our standing page on the Jelutong landfill rehabilitation and the 70-acre reclamation off Karpal Singh Drive, updated each time the story moves. As of 24 September 2026: a RM1 bill…
Residents demand Penang reject 70-acre Jelutong reclamation
ProtectKarpal says the Jelutong landfill agreement allows extra land only to secure the site's perimeter, not 70 acres of seafront. It wants the state to decide on termination unde…
IOI Properties completes S$2.47b Asia Square Tower 2 deal
IOI Properties paid S$2.47 billion (RM7.95 billion) on 17 September 2026 for the 46-storey Marina Bay office tower, about S$3,200 per sq ft of lettable area. It bought MVKimi (BVI)…
Cohu in Malaysia: Penang design centre, Melaka factory
Who is Cohu? A US chip-test equipment maker with its largest factory in Melaka and, since June 2024, a RM71 million design centre in Bayan Lepas, Penang. What it does, since when, …
Tera buys 222 acres at Eco Business Park 7 for RM1.01b
Tera Data Centers is paying RM1.013 billion, about RM105 psf, for 221.665 acres in Eco Business Park 7, Port Dickson, next to Google’s campus. The EcoWorld–SD Guthrie–NS Corp ventu…
Jati Tinggi’s RM73mil 275kV job: the Banting data centre draws on Lion Group’s old Megasteel intake - RM142mil of power works for one campus is the price of getting on the grid
The Bursa filing behind Jati Tinggi Group’s third contract in a month calls it a "275kV PMU Megasteel cable connection to Consumer Landing Station No. 1" at Banting Tech Park, due …
Penang Silicon Island: 480 acres reclaimed, RM1.9 billion spent, LRT depot handed over
Our standing page on Silicon Island, updated each time the numbers move. As of 16 September 2026: more than 480 of 2,300 acres reclaimed (21%), RM1.9 billion spent, 27.7 ha handed …
AmFIRST REIT sells Menara AmBank for RM331mil, hunting for industrial and healthcare assets - its best performer is a hypermall in Bukit Mertajam
The AmBank-sponsored trust is selling its Kuala Lumpur headquarters tower at a 3.7% yield, cutting gearing from 46.6% to 33.9%, and says the first acquisition in a decade will be a…
Ann Joo exits steelmaking: Green Esteel takes the Prai mill and its 200-acre freehold Bandar Prai title for RM290mil — less than Axis REIT offered for two-thirds of the land
The RM150 million in Monday’s filing was only the completion instalment. You Zhenhua’s Green Esteel, already Southern Steel’s controlling shareholder, now owns Ann Joo Steel Berhad…
IOI Properties halves the debt paydown from its RM7.58bil REIT and doubles the money for new property
IOIPG Malaysia REIT was constituted on 11 September and its nine sale agreements and six hotel master leases are signed. The 14 September filing cuts debt repayment from RM3.04 bil…
GB Bond to rent a 40,000 sq ft factory in Bukit Panchor
Nibong Tebal glue maker GB Bond listed on 1 October at 25 sen and closed at 20.5 sen. It plans to rent about 40,000 sq ft near its Bukit Panchor HQ at ~RM2 psf.
PTT Synergy buy 9.7acres at RM62.53mil in Seberang Perai Selatan - RM148 psf and turned into Jabil’s RM400mil logistics hub
Through a subsidiary named PTT Logistics Hub 3, the warehouse developer is buying Geran 77766, Lot 1597, Mukim 12 — 3.925 ha of first-grade, unencumbered freehold land — from a pri…
EI Power pays RM17.2mil for a Glenmarie semi-D factory — RM985 per sq ft of built-up, four months after listing
The ACE Market-listed power engineering firm, 57.58%-owned by OCK Group, is buying No. 17, Jalan Pelukis U1/46B in Bandar Glenmarie — title H.S.(D) 284618, PT 2975 — for RM17.2 mil…
SkyGate NHJ commits US$30mil to a 36,000 sq ft plant in the Perai Free Industrial Zone
The Malaysia–Singapore precision machining joint venture opened its Perai FIZ facility on 4 September with Chief Minister Chow Kon Yeow officiating, committing US$30 million (RM121…
The Cheah trust’s 80-year lock has expired, its 2.32-acre Jalan Kelawai corner sold for RM130mil, RM1,287 psf
A trust written when Cheah Leong Keah died in 1941 required his Penang properties to stay intact for 80 years. That period has run, and seven clusters worth an estimated RM300–400 …
BYD cancels its Tanjung Malim plant and will assemble in Malaysia through a local partner — how MITI’s conditions redirected a 600,000 sq m investment
BYD Malaysia MD Jacob Ma confirmed on 10 September that the Tanjung Malim CKD plant “will not proceed” and that BYD is finishing documentation with an “established local assembly p…
Penang puts 6 acres land beside Gurney Bay up for auction at RM1,200 psf to pay for the Air Itam bypass, and to find out what the waterfront is really worth
P.T. 858, a 2.42 ha freehold plot at Bandar Tanjung Pinang next to Gurney Bay, goes to public auction at Komtar on 7 October with a RM313.632 million reserve. The sale funds Consor…
TT Vision commits RM92mil to a 153,000 sq ft factory on PDC’s Plot 81A, Bayan Lepas — RM160 psf land, RM600 psf to build, and a company worth RM105mil
TT Vision Technologies has awarded Yu Tong Construction a RM92 million contract to build a factory-cum-office on Plot 81A, Bayan Lepas Industrial Park — 3.6 acres leased from PDC f…
Kerjaya Prospek wins its first data centre job — RM858mil in Johor — and takes full ownership of 4.5 acres in Tanjung Bungah on the same day
The contractor accepted an RM858 million MEP fit-out award for an unnamed data centre in Iskandar Puteri, its largest contract ever, pushing its order book to a record RM5.9 billio…
Penang approved RM17.3bil of manufacturing investment in six months — 77% of all of last year, and 69% of it is existing factories expanding
MIDA figures released on 3 September put Penang first in Malaysia for approved manufacturing investment in 1H2026: RM17.3 billion, 34% of the national total and 38% up year-on-year…
IJM Waterfront Shoppes soft-opens 29 October
The retail component of IJM Land and Perennial’s The Light City in Gelugor is set to soft-open on 29 October 2026, matching IJM’s own October guidance. quoted “1.5 million sq ft NL…
CapitaLand’s REIT bought a Sungai Jawi warehouse estate for RM80mil - diversification journey
CapitaLand Malaysia Trust paid RM80 million for 12.6 freehold acres and about 344,000 sq ft of warehousing at Kawasan Perusahaan Valdor, completing in December 2022. It was the REI…
CapitaLand’s REIT has built a Johor factory portfolio — RM99mil bought, RM220.8mil more contracted at i-TechValley
CapitaLand Malaysia Trust completed two Johor industrial acquisitions in 2025 — three properties at Senai Airport City for RM72 million and three at Nusajaya Tech Park for RM27 mil…
SIBS’s RM500mil Penang Science Park plant, the Swedish modular builder now ships Penang-made apartments to the UK, Australia and Greenland
Scandinavian IBS opened a 15-acre, ~500,000 sq ft second plant at Penang Science Park (North), Simpang Ampat in September 2022, part of a RM500 million programme promising 1,200 jo…
Penang pushes medtech as its hedge against the chip cycle — and medtech tenants are the strongest industrial occupiers in Penang
Chief Minister Chow Kon Yeow told IMDEC 2026 that Penang now hosts seven of the world’s top 30 medtech firms and drew RM2.3 billion in approved sector investment from 2021 to Q1 20…
Freehold Batu Ferringhi beachfront site for sale at RM140mil — land approved for 722 keys, not a hotel
Colliers has launched a 3.344-acre freehold beachfront site on Jalan Telok Bahang for sale by EOI at RM140 million, with approvals for 473 serviced apartments and 249 hotel rooms. …
Kong Thai Lai, George Town’s 106-year-old kopitiam, closes on 26 September — pushed out by a third property sale
The Hainanese coffee shop founded on Lorong Hutton in 1920, and a daily haunt of the late Tan Sri Loh Boon Siew, will serve its last cup on 26 September 2026. Its third-generation …
Formosa Prosonic sells Sungai Petani factory for RM22.1mil, closes the site, moves to Port Klang
Formosa Prosonic is selling its 26-year-old Sungai Petani factory for RM22.1 million and shutting it down entirely as it consolidates into Port Klang. The RM5.3 million earmarked f…
Chicken Claypot House parent lands US$50mil data centre deal — but its stock craters
Nasdaq-listed CCH Holdings, owner of the Chicken Claypot House restaurant chain, announced a US$50 million data centre services deal with an undisclosed client. Shares fell 25.7% o…
Mah Sing buys 14.38 acres freehold and leasehold land in Ampang for RM186.17mil for new M Araya Project
Mah Sing’s RM186.17 million Ampang land buy for its RM1.92 billion M Araya project breaks down into three parcels precise enough to show, in one transaction, exactly what the marke…
Axis-REIT buys three Pulau Indah warehouses for RM61mil at a 6.2% yield, leases them straight back
Axis-REIT is buying three Klang warehouse parcels from logistics operator Megalift for RM61 million and leasing them straight back at a gross yield of about 6.2% — a clean, dated c…
COMPASS @ Kota Seri Langat sells out: final 36 acres go to a 210MW data centre
A PNB- and KWAP-backed 220-acre freehold industrial park in Selangor is fully taken up, capped by a 36-acre, 300 MVA data centre deal.
DoubleTree Resort by Hilton Penang tendered for Sale (via Tender) at RM250 million — RM791,000 a key
The 316-room Batu Ferringhi resort for sale at RM250 million and the tender closed on 15 August with no outcome announced. The per-key maths looks competitive but it is not a beach…
RM500 million bridge to Pulau Jerejak starts next month — and Penang wants a financial hub on the other side
Road widening begins in September for the 1km bridge giving Pulau Jerejak its first-ever road access. On the island: a 32ha development pitched as a financial centre for Penang’s 2…
YBS International hit with winding-up petition over disputed US$6mil from its own RM159mil acquisition
Shares in Penang-based YBS International fell as much as a third after Singapore’s Allied Technologies Holdings filed a winding-up petition over a US$6 million sum tied to the same…
MBPP leases two derelict George Town heritage buildings for close to RM3.88mil over 45 years
Penang Island City Council has awarded a 45-year, tenant-funded restoration lease on a condemned Kampung Kolam shophouse row and a Mount Erskine bungalow — a template worth knowing…
Frasers Property and Tan & Tan to redevelop 5.15ha former F&N factory site in Section 13, Petaling Jaya
A 5.15-hectare parcel in Section 13 that once held a Fraser & Neave factory is becoming PJ Quarter, a two-phase mixed-use precinct. The deal that brought Tan & Tan in alongside Fra…
Penang launches ONEMAP+: 1,977 CCTV cameras, 439 AEDs and 494 EV chargers on one public map
The Penang state government has put its CCTV, AED and EV charger locations onto a single public map, accessed through the Penang Smart Parking app. The platform is built by the sta…
Chin Hin buys 2.6-acre Jalan Sultan Ismail site from YNH for RM455 million — about RM4,000 psf
YNH Property is selling a freehold Golden Triangle parcel it has held since 2004 for RM455 million — about 5.9 times its book value, and 9% below an independent valuation. The gap …
YBS International buys the Perai factory it was renting for RM390,600 a month
YBS International’s subsidiary is paying RM23.5 million for the Perai semi-detached factory it already occupies — the second adjoining lot it has bought on the same road, at the sa…
Intuitive’s RM2 billion Batu Kawan plant: 40 acres carry a seven-acre building
The da Vinci robotic-surgery maker will spend more than RM2 billion over five years on its first Malaysian plant at Bandar Cassia Technology Park — about RM817 million of it on lan…
A Century of Tin Smelting Ends in Butterworth — Potential 40 Acres Straits City Re-development
Malaysia Smelting Corporation has moved its smelting operations from Butterworth to Pulau Indah, Klang, retiring a plant that ran for more than a hundred years. The freehold land i…
Chinese Group Sheng Long Breaks Ground on RM140mil Aquafeed Plant in Kamunting, Taiping
Sheng Long Aqua Technology, the aquaculture arm of China’s Guangdong Haid Group, is investing about RM140mil in its first Malaysian production base at the Kamunting industrial area…
NXP Breaks Ground on 500,000 sq ft Assembly and Test Expansion in Petaling Jaya
Dutch-American chipmaker NXP Semiconductors has broken ground on a new assembly and test building in Petaling Jaya that will add about 500,000 sq ft and take the Selangor site to r…
THMY Upsizes New Batu Kawan Factory to RM172.6mil — Five Times the Original Budget
Automated test solutions firm THMY Holdings has expanded its new Batu Kawan factory plan to RM172.6mil — five times the RM29.35mil budgeted at its IPO — with built-up area more tha…
South Korea’s K-Test Breaks Ground on RM205mil Perak Plant, Its First in Southeast Asia
Semiconductor testing specialist K-Test has broken ground on a US$50mil (RM205mil) wafer and final testing plant in Perak — its first Southeast Asian facility — targeted for practi…
Eppendorf picks Batu Kawan: RM180mil plant is its first factory in Southeast Asia
German lab-equipment maker Eppendorf has signed with PDC for a greenfield RM180mil plant at Bandar Cassia Technology Park — its first factory in Southeast Asia, exporting to the US…
PDC Takes Full Control of BKIP2 in Byram After Three Failed Tenders
The Penang Development Corporation will develop the 1,300-acre Batu Kawan Industrial Park 2 in Byram itself after three RFP rounds failed, releasing about 200 acres of industrial l…
E&O and Majestic Gen to Buy Prime Jalan Kia Peng Site for RM189.9mil
An E&O-led joint venture with Majestic Gen is acquiring a 5,682 sq m freehold site on Jalan Kia Peng in the KLCC precinct for RM189.9mil — about RM3,100 psf — for a premium high-ri…
Ajinomoto’s RM603mil Privatisation — and the Land Trade That Sits Underneath It
Ajinomoto (Malaysia) is being taken private at RM20 a share through a selective capital reduction, repaying minority shareholders RM603.4mil. Days before the board backed it, the c…
Lotus Circular Exits Leather Retail With RM38mil Sale of Miroza Stake
Waste recycling group Lotus Circular Bhd is selling its 55% stake in leather goods retailer Miroza Leather for RM38mil cash, taking a pro forma loss of RM15.39mil, to focus fully o…
Eight Fire-Damaged Lebuh Aceh Shophouses to Become RM10mil Cultural Heritage Hub
George Town World Heritage Incorporated has launched a RM10mil restoration of eight Category II heritage shophouses on Lebuh Aceh, damaged in a 2015 fire, into a Cultural Heritage …
Jabil further Expands in Malaysia Roots as It Climbs the Manufacturing Value Chain
Thirty years after opening its first Asian factory in Penang, Jabil now runs six Malaysian facilities employing 14,000 people. Malaysia MD Tan Siew Jin tells The Edge how the group…
Hektar REIT Closes RM30mil Bayan Lepas Factory Buy at a 7.5% Triple-Net Yield
Sixteen months after announcing it, Hektar REIT has completed the RM30mil purchase of a Bayan Lepas Free Industrial Zone factory from MQ Technology unit Microlead Precision — a sal…
PM Anwar Opens MKS Inc’s RM400mil Super Center Factory in Batu Kawan
US semiconductor equipment giant MKS Inc has opened its Super Center Factory at Bandar Cassia Technology Park, Batu Kawan — its largest manufacturing investment since founding in 1…