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Tuesday, April 12, 2011

Mah Sing plans industrial park in Johor, GDV RM610m

KUALA LUMPUR: MAH SING GROUP BHD is buying nine parcels of land in Tanjung Kupang, Johor Bahru measuring 205.72 acres for RM54.7 million for an industrial park.

It said on Tuesday, April 12 the land was acquired at about RM6.10 per sq ft and it plans to develop into an integrated industrial and business park named Mah Sing i-Parc.

“Based on preliminary plans, Mah Sing i-Parc will comprise semi-detached factories, detached factories and shop offices with an estimated gross development value of approximately RM610 million,” it said.

Mah Sing said there would also be some factory land of about 0.5 acre to one acre per lot for sale within the industrial park.

The park is one km from Port of Tanjung Pelepas (PTP) and 23 km to Jurong Industrial Estate in Singapore. Besides being only 8 km from the Second Link Bridge to Singapore.

“Such close proximity to PTP would attract businesses which support port and marine activities, such as those providing bunker facilities, ship repairs and cargo handling services.

“As PTP is a major transportation and transshipment hub, there is a large target market comprising import, export, trading, forwarding and warehousing services which may relocate to Mah Sing i-Parc,” it said.

By The EDGE Malaysia

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