news

Sime Darby Property kicks off Malaysia Vision Valley 2.0 with RM520m GDV business park

KUALA LUMPUR (Feb 5): Sime Darby Property Bhd has kick started its first project under the Malaysia Vision Valley 2.0 development with the groundbreaking of XME Business Park in Nilai Impian, Negeri Sembilan.

Spanning 69.72 acres of freehold land, the business park will be the first managed industrial park in Negeri Sembilan, with a gross development value (GDV) of RM520 million.

Sime Darby Property acting group CEO Datuk Wan Hashimi Albakri said the XME Business Park is strategically located at the gateway of Negeri Sembilan and Malaysia Vision Valley 2.0.

"We are confident of the park doing well due to its great location and the impending enhancements to the infrastructure with major projects such as the East Coast Railway Line," he said in a statement yesterday.

Comprising 149 units, the park will be developed over two phases.

Phase 1, launched in December 2019, consists of 75 units of semi-detached and detached types with built-ups ranging from 5,600 sq ft up to 29,000 sq ft and priced from RM2.5 million to RM18.5 million. Phase 1 has a GDV of RM307 million and is targeted to be completed by November 2021.

"So far, half of the first phase has been taken up within a month of its soft launch with interest pouring in from different business industries," said Sime Darby Property.

Sime Darby Property shares closed 1.96% or 1.5 sen lower at 75 sen yesterday, valuing it at RM5.1 billion. It saw 5.79 million shares traded.

Click here if you are interested in buying a condominium in Nilai.

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Interstate travel allowed for individuals bringing parents to vaccination appointment
  2. Advancecon's MoU with Mydin to build rooftop solar power system falls through
  3. Sime Darby sale of stake in Eastern & Oriental ‘did not come as a surprise’