PETALING JAYA: TH Properties, a wholly-owned subsidiary of Lembaga Tabung Haji, has launched the latest phase of techpark@enstek, a freehold industrial park development at the Bandar Enstek in Negeri Sembilan covering 616.64 acres.
The newly launched techpark@enstek is phase 3 of the entire development that spans 1,750.80 acres in total and carries a gross development value of RM1.356bil. Phase 1 and Phase 2 of the industrial park have been 100% and 88% sold respectively.
TH Properties Group chief executive officer Azman Ibrahim said at the launch ceremony that he is upbeat about the phase’s growth prospects, owing to the park’s prime location, seamless connectivity and access, along with the Negeri Sembilan state government’s receptive approach and open policy towards investors, especially in high-tech industries.
“We have already received inquiries from a few companies interested in the purchase of industrial plots, and we are optimistic that this phase will register healthy demand similar to the trend that happened to the previous two phases in techpark@enstek,” he said.
Also present at the launch ceremony were Negeri Sembilan EXCO Member and Chairman of the Industrial Action Committee and Non-Islamic Affairs Teo Kok Seong, and TH Properties chairman Datin Paduka Kartini Abdul Manaf.
techpark@enstek, the first technology park to receive the Halmas status by Halal Industry Development Corporation, currently houses significant numbers of multinational corporations and renowned brands since its commencement in 2002, including Ajinomoto Malaysia Bhd, Farm Fresh Bhd, Coca-Cola Bottlers (Malaysia) Sdn Bhd, Kellogg's Malaysia, Macfood Services (M) Sdn Bhd, Purecircle Sdn Bhd, Crown Records Management Malaysia, Hon Chuan Malaysia Sdn Bhd, Yuen Chun Industries Sdn Bhd and Hokto Malaysia Sdn Bhd.
Catering to Syariah-compliant, technologically advanced and clean industries, techpark@enstek phase 3 will be developed in six phases over the span of 14 years. The development mix will include industrial and commercial plots as well as semi-detached factories.
Azman added that as industrial lands connected to transport hubs are becoming scarcer, any spillover effect of growth in Malaysia Vision Valley 2.0 and the influx of foreign and domestic direct investment to the area are likely to benefit developers with industrial land bank holdings around transport nodes such as that of techpark@enstek.
According to TH Properties, the industrial park has brought in more than RM4bil in investment and created 1,500 job openings for the residents of the 5,119-acre Bandar Enstek and its surrounding areas. This is expected to contribute well to the Negeri Sembilan government’s target of achieving RM5bil investment this year after it had registered the highest investment in the history of the state last year with RM8.9bil.