IOI Properties Launches IOI Industrial Park Series in Iskandar Malaysia, Banting and Melaka as Major Revenue Pillar

PUTRAJAYA – IOI Properties Group Berhad (“IOIPG”) celebrated the milestone launch of its IOI Industrial Park series, consolidating the Group’s industrial offerings under one banner and positioning the industrial segment as a major revenue contributor in coming years. Comprising IOI Industrial Park @ Banting in Selangor, IOI Industrial Park @ Iskandar Malaysia in Johor, and upcoming plans in Melaka, the IOI Industrial Park series coincides with the rebranding and expansion of iSynergy @ Kulai from 507 acres to 1,100 acres.

“Leveraging on IOI Properties’ sizeable and strategic landbank, the IOI Industrial Park series is aligned with Malaysia’s visionary target of achieving at least 10% growth year-on-year in approved investments. This comes amid wider international interest driven by our value proposition in terms of the country’s strategic location, skilled labour, mature infrastructure and utilities including roads, world class ports, and our national power grid,” said Teh Chin Guan, Group Chief Operating Officer, IOIPG.

“With three industrial parks, including one under planning, in industrial growth areas such as Johor, Selangor and Melaka, I am confident that the launch of the IOI Industrial Park series readily positions the Group as one of the premiere industrial developers in the country. We are looking towards a potential revenue contribution of at least 20% per annum from our industrial portfolio over the next few years,” he added.

Held at Le Meridien Putrajaya, the launch event was graced by Sukri Abu Bakar, Director, Domestic Investment Division, Malaysian Investment Development Authority; Nik Izuddin Nik Mohd Yusof, Director, Investment Development Division, Invest Selangor; and James Tan Wei Jie, Manager, Pre-Investment & Promotion, Invest Johor.

Rebranding and expansion for IOI Industrial Park @ Iskandar Malaysia

Following its first phase of semi-detached and detached factory units, which were fully sold out, IOIPG expanded IOI Industrial Park @ Iskandar Malaysia to 1,100 acres by rezoning part of the Group’s existing 5,000-acre landbank in Johor. Now launching its 200-acre second phase comprising semi-detached factories, build-to-suit factories and land parcels with an estimated gross development value of RM800 million, the rebranding builds on the success of its first phase of semi-detached and detached factory units, which are now fully sold.

“iSynergy’s rebranding serves to strengthen and align our industrial offerings under IOI Properties Group, promoting consistency across our portfolio. Customers will enjoy the strategic locations, connectivity and well-though-out master planning which define our industrial hubs. The expansion to 1,100 acres is drawn from rezoning part of IOIPG’s existing 5,000-acre landbank in Johor, to better cater to current market needs of the vibrant development corridor of Iskandar Malaysia and Malaysia as a whole,” said Teh.

IOI Industrial Park @ Iskandar Malaysia is strategically located at Kulai within the Iskandar Malaysia region, with connectivity to major land, air and sea terminals. It is just 9km from Senai International Airport, 47 km from the Port of Tanjung Pelepas, 50km to Pasir Gudang Port and 68km to Tanjung Langsat Port. The Woodlands Checkpoint is just 40km away, providing accessibility to Singapore’s network of sea ports, along with easy connectivity to the North-South Expressway, Malaysia-Singapore Second Link and Senai-Desaru Expressway.

The guarded park with freehold titles benefits from faster start-up times and approvals for investors and operators through the Kulai Fast Lane initiative. Championed by Majlis Perbandaran Kulai, the Kulai Fast Lane allows the submission of building plans to be done concurrently with the submission of development orders as well as land matters, helping cut down on planning and approval times along with earlier commencement of work, machine installation and more.

The 1,100-acre industrial park’s strategic location allows it to cater for a range of industrial investors, from regional MNCs to fast-growing local industry players seeking a well-planned and sizeable integrated industrial park. These include the electrical & electronics segment and biomedical players, as well as pharmaceuticals, logistics, warehousing & packaging, and cold chain logistics.

The industrial park is envisioned to benefit from specific policy catalysts such as the proposed Johor-Singapore Special Economic Zone as well as ongoing diversification efforts by global players under the China Plus One strategy, drawing further interest and attention to Malaysia’s southern development corridor. In addition, existing established SMEs already operating in matured industrial parks within the Senai-Kulai corridor will provide the right ecosystem to drive the growth of these new industries.

IOI Industrial Park @ Iskandar Malaysia’s proximity to IOIPG’s flagship township Bandar Putra Kulai also provides accessibility to a mature range of amenities and facilities, as well as a ready working population.

This includes leisure hotspots such as the 27-hole Palm Villa Golf & Country Resort and IOI Mall Kulai, as well as schools, healthcare facilities and a Town Park. Bandar Putra Kulai has seen more than 16,000 residential units completed to date, with an estimated population of 65,000.

Expanding IOIPG’s industrial footprint to Selangor with IOI Industrial Park @ Banting

Bringing the IOI Industrial Park series to Central Malaysia, IOI Industrial Park @ Banting spans 322 acres with an estimated total GDV of more than RM1.5 billion, offering 53 cluster, semi-detached and bungalow factory units in its first 70-acre phase, along with land parcels for sale. It is projected for launch by Q2 2025.

Located within the mature cluster of the Banting industrial zone, just 15km away from Kuala Lumpur International Airport, the industrial hub also has close connectivity to Port Klang 52km away by road, which will be further enhanced by linkage from the West Coast Expressway (“WCE”). It features two kilometres of prime frontage along the Banting-KLIA Highway, and is just 7km from the upcoming WCE Banting Interchange, shortening travel time to Pork Klang while offering unparalleled access to air & sea terminals as well as inner Klang Valley through direct connections to numerous major highways.

Operators will benefit from the two high-voltage Tenaga Nasional Berhad (“TNB”) transmission lines flanking IOI Industrial Park @ Banting, providing ease of connectivity to manufacturing and industrial players such as data centres that require high power loads.

The industrial hub’s master plan is complemented by centralised labour quarters, a guarded perimeter with 24/7 CCTV surveillance, 5G infrastructure readiness, electric vehicle charging points and solar panel-adaptable roof design. Selected semi-detached and bungalow units will also have individual guardhouses and lifts.

As with IOI Industrial Park @ Iskandar Malaysia, the Banting launch caters for light and medium industries, and is particularly suitable for operators that require excellent air & sea port connectivity, high power loads and frontage visibility. This includes the electrical & electronics segment, plastics & packaging, machinery, chemical, warehousing & logistics.

Venturing into the Melaka industrial market

Rounding out the IOI Industrial Park series, IOIPG is exploring the expansion of its industrial offerings to Melaka, with the allocation of 200 acres off the North-South Expressway near the Ayer Keroh toll.

“While plans are still in the pipeline, we can share that this movie aligns with rising investor interest in Melaka’s industrial sector, with numerous international players already in operation within the state. Our presence here will round out our portfolio while carrying the IOI Industrial Parks series’ distinctive hallmarks of strategic location, connectivity and well-thought-out master planning,” concluded Teh.

To learn more about IOI Industrial Park @ Banting and IOI Industrial Park @ Iskandar Malaysia, visit www.ioiproperties.com.my/banting/ioi-industrial-park and www.ioiproperties.com.my/bandar-putra-kulai/ioi-industrial-park-iskandar-malaysia respectively.