The Property Development Division demonstrates a robust performance in its key projects, underpinned by the efforts of its 80%-owned subsidiary, Enigma Sinar Sdn. Bhd. (“Enigma”). Enigma is spearheading the development of a significant industrial park, strategically located at H.S. (D) 165116, Lot No PT 84453, Mukim Kapar, Daerah Klang, Negeri Selangor. The land spans approximately 149,410 square meters, offering a prime location for industrial development in the growing area of Kapar.
The Division’s first development project is the Excellent Technology Park @ Kapar International Industrial Park, Kapar (“ETP @ KIIP Kapar”). This development is being executed in collaboration with a joint-venture partner, combining resources and expertise to create a state-of-the-art industrial hub. The park is located along Jalan Akob, Bukit Kapar, Klang, an area poised for economic growth due to its proximity to key transportation and commercial hubs.
This ETP @ KIIP Kapar project development includes the construction of 36 semi-detached factory units, with comprehensive infrastructure, public utilities, and other essential amenities designed to support industrial operations.
The project is strategically planned in 2 phases. Phase 1: The first phase comprises 16 factory units, all of which have been successfully completed and fully sold. This milestone underscores the strong market demand and confidence in the project, reflecting the growing industrial sector in the region. Building on the success of Phase 1, Phase 2 involves the development of 20 additional factory units. Sales for these units are currently ongoing, and the response has been encouraging, further validating the project’s potential.
Looking ahead, the Property Development Division remains optimistic about the continued growth and success of the ETP @ KIIP Kapar project. With the completion of Phase 1 and the ongoing sales for Phase 2, the Division is positioned to capitalize on the rising demand for industrial space in key strategic locations like Kapar.
The Property Development Division is poised for continued success in 2025, with ETP @ KIIP Kapar set to benefit from a dynamic industrial property market, growing demand, and strategic expansions. The Division will continue to focus on high-quality developments that meet market needs while exploring new opportunities to strengthen and diversify its project pipeline in the coming years.
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