(File pix) A view of Seberang Prai industrial area. Archive image for illustration purposes only. Pix from Google Images
THE
industrial sector in Seberang Prai is building pace with several
factory projects underway ― reflecting an active market in mainland
Penang.
Henry Butcher Malaysia’s
SeberangPrai mid-year review stated that the volume of transactions had
increased marginally by nearly three per cent, from 67 transactions in
the first quarter of last year (Q1 2017), to 69 in the first quarter of
this year (Q1 2018).
But the total value of transactions surged 53.85 per cent year-on-year, from RM80.8 million to RM124.3 million.
Central
Seberang Prai continued to lead the growth by making up 64 per cent of
the transaction volume, followed by South Seberang Prai (20 per cent)
and North Seberang Prai (16 per cent).
Major transactions included a 1.26ha factory in Taman Industri Bukit Panchor, Nibong Tebal, that sold for RM10 million.
There were two semi-detached factories
with a land size of 743 to 929 sq m that sold for nearly RM6 million at
the Sungai Lokan light industrial zone in Bagan Lallang, Butterworth.
Meanwhile,
a parcel of freehold industrial land measuring 4.31ha at Valdor
Industrial Estate in Sungai Bakap had been sold for RM20 million (RM43
per sq ft), the firm said.
“Prices of SME factories in the secondary market are stable and in the upward trend.
A
1.5-storey terrace factory at Sungai Lokan light industrial zone with a
land size of 178 sqm was transacted at RM650,000 and remains firm
comparedto transaction pricesin 2017,” the firm added.
In
Taman Bunga Raya Merahat Raja Uda, a terraced factory with land size of
225 sq m recorded the highest transacted price at RM1.1 million.
Among
the companies ramping up their businesses in Seberang Prai is Eonmetall
Group Bhd, which is investing more than RM100 million this year and
next in steel racking, and the machinery and equipment (M&E)
business.
The company, based in Valdor
Industrial Estate, will be channelling about 70 per cent of the budget
to build 10 palm oil solvent extraction plants for a government-linked
company.
Nibong Tebal Paper Mill
Holdings Bhd, the manufacturer of Premier tissues, is investing RM50
million to expand its manufacturing facilities in Vietnam and Penang
this year.
It wants to increase its production capacity to 170,000 tonnes from the existing 110,000 tonnes.
Manufacturer
and steel product trader Tatt Giap Group Bhd plans to develop a 4.85ha
light industrial project worth RM140 million in Valdor Industrial
Estate.
This development included 38
units of three-storey semi-detached SME factories and two three-storey
detached corporate warehouse cum office buildings.
JLL
Malaysia Sdn Bhd will also be investing RM70 million in Penang over the
next two years. This investment includes the acquisition of a 1.6ha plot
of industrial land at Penang Science Park to build a factory to produce
medical devices. The factory is expected to begin operations in early
2020.
Astino Bhd’s new plant in Jawi is
expected to be ready by the end of the year. Worth RM60 million, it
aims to tap the growing market for construction materials.
Golden Gates is an upcoming SME Industrial Park by Golden Land Bhd in Batu Kawan.
This
8.3ha freehold development comprises a mix of light and medium
industrial units, which includes three-storey semidetached and detached
factories selling for RM2.8 million onwards.
Wisdom Tech Avenue is a light industrial project by WSH Development Sdn Bhd in Valdor Industrial Estate.
It
comprises three-storey semi-detached SME factories with land sizes
ranging from 1,027 sqm onward, with prices of RM5.64 million and above.
The
Park is a new SME project by Sincer Sunrich Sdn Bhd at Sungai Baong,
South Seberang Prai. It comprises 34 units of double-storey,
semi-detached factories with land sizes from 780 sq m onwards, and three
units of double-storey detached factories with land sizes of 1,227 to
2,120 sq 
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