Penang government launches land for lease and factory units in its industrial parks

Image by Francesco Scatena/Shutterstock

George Town, 4 March 2021 – Penang Development Corporation (PDC) launched 1.4 acres of industrial land for lease in Bukit Minyak Industrial Park. The purpose is for manufacturing industry only and the application will be closed on 17 March 2021.

Bukit Minyak Industrial Park is part of Penang’s industrial development that supports the supply chain for multinational companies (MNCs) as well as large local companies. It consists of 85 units in total, with the gross floor area (GFA) of 5,834 square feet for semi-detached units, 2,304 square feet for terrace units and 2,334 square feet for terrace corner units.

The ready-built factory buildings located within PDC’s industrial parks are also provided for sale and rent to small and medium enterprises (SMEs). In Bukit Minyak, there are 27 units of ready-built factory buildings with leasehold tenure of 56 years and expiring in 2075.

Previously, PDC has also launched Batu Kawan SME Village Phase 4A, which consists of 20 semi-detached factory units with a total GFA of 6,939 square feet and land area of 13,883 to 16,038 square feet.

PDC stated that over the years, they have successfully developed six industrial parks comprising 5,890 acres. To continue to promote Penang as a location of choice for investors, having sufficient, suitably located land is of paramount importance. PDC’s role includes the processing of sale of industrial land and rental of space at Penang SME Centre, as well as the management of existing PDC SME projects, which includes the sale and rental of ready-built factory units.

– Construction+ Online

Source: PDC

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