A-Park Batu Kawan Phase 1 achieves 90% take-up
17 Jun 2024
Boutique developer Ancubic Group has announced a 90% take-up for the first phase of its first industrial development called A-Park Batu Kawan since its official launch on March 11. The launch was officiated by Penang Chief Minister Chow Kon Yeow.
Spanning 20.5 acres and located east of Batu Kawan Industrial Park (BKIP) in Batu Kawan, Penang, it has a gross development value of RM292 million. A-Park Batu Kawan features 50 units of 1½- and 2-storey semi-detached and detached factories. These factories will have built-up sizes ranging from 6,800 to 16,700 sq ft with selling prices from RM4 million.
The first phase of the gated and guarded industrial park consists of 31 semidee and detached factories.
“A-Park Batu Kawan is the only [new] industry development located within a 10km radius from the BKIP [for now]. Our buyers, which are mostly SMEs (small and medium enterprises) who produce and supply semiconductor components or services, such as logistics, to the large-scale manufacturers, get to enjoy a catchment of over 160 large-scale local and international investments nearby,” Ancubic’s founder, managing director and chairman Datuk Low Boon An tells City & Country.
He highlights that the units at A-Park Batu Kawan will offer a four-in-one use concept (for office, showroom, production and storage), have a modern façade, and are built with high-quality construction materials and features that are benchmarked against international standards.
These features include a 150amp power supply for semidee units and 200amp for detached units; a 9m ceiling height from the ground floor to the mezzanine floor; and a 3.5m ceiling height from Level 1. There is a 1.5-tonne loading capacity for the ground floor and 0.356 tonnes for the first floor; 13ft motorised roller shutters; a flexible floor layout with a spacious production area; a rooftop that is ready for solar panel installation; and optimal ventilation, natural lighting and visibility from the main road.
Another feature of A-Park Batu Kawan is the industrial park’s extra-wide 100ft main entrance and 50ft-wide internal roads, which will allow two trucks to go in and out simultaneously. It is also a freehold development with individual titles.
Due to the encouraging market response for the first phase, the developer is planning to roll out the second and third phases of the development in the second half of this year. The entire development is slated for completion in 2027.
A-Park Bangi
Apart from A-Park Batu Kawan, Ancubic is mulling the launch of its second industrial park in Bandar Baru Bangi, Selangor — A-Park Bangi — in August or September.
Similar to A-Park Batu Kawan, A-Park Bangi has a land size of approximately 20 acres and a gated and guarded industrial park, offering 50 2- and 3-storey semi-detached and detached factories with built-ups ranging from 9,500 to 31,000 sq ft. The selling prices will be disclosed in due course.
“Our A-Park Bangi in Selangor is surrounded by many multinational companies from the US and Japan. We are targeting the SME buyers and investors, who can supply products and services to existing large-scale manufacturers there, to set up their facility here in our development,” Low says.
When asked about the industry property market outlook, Low is confident that market demand will continue to be strong as the federal government is committed to bolstering the nation’s manufacturing sectors with microeconomic targets, which include boosting the gross domestic product (GDP) of the manufacturing sector by 6.5% annually. He believes that the policy will continue to drive market demand for modern industrial parks.
“The recently launched NIMP 2030 (New Industrial Master Plan 2030) will drive demand for quality industrial properties such as our A-Park in Batu Kawan and Bangi … As the flight-to-quality trend becomes more and more popular, gated and guarded, well-located and greener industrial parks are expected to be very sought-after, moving forward,” Low shares.
NIMP 2030 is an industrial policy for the manufacturing and manufacturing-related services sector, which was launched by the federal government in September 2023 with the aim of transforming Malaysia’s industrial landscape by achieving a RM587.5 billion contribution to Malaysia’s total GDP by 2030.
Source: The Edge Markets
