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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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…
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…