NILAI (Oct 27): Property developer Sime Darby Property Bhd launched Hamilton City in Nilai, Negeri Sembilan on Oct 26, as part of its commitment to develop the new growth corridor in Malaysia Vision Valley 2.0 (MVV 2.0).
MVV 2.0 is an integrated economic region complementing the development of Greater Kuala Lumpur and National Conurbation and is identified as one of the 17 Promoted Development Zones prioritised under the National Physical Plan (“NPP”).
It is spurred by four economic drivers – high-technology manufacturing; wellness tourism; skill-based education and research; and specialised services, MVV 2.0 which aims to position itself as a global industrial player.
Sime Darby Property group managing director Datuk Azmir Merican (pictured) said that Hamilton City’s strategic location in Nilai positions the industrial township as an attractive option for businesses seeking efficient production or warehousing options outside the Klang Valley as it is connected to essential infrastructure such as major expressways.
“We continue to grow the Company’s industrial and logistics development segment by leveraging on rising global e-commerce trends and the market’s demand for better industrial warehousing products. Hamilton City features convenient access to the North-South Expressway (NSE) and NSE Central Link (ELITE), as well as the Nilai-Labu Expressway (NLE) which will be opening in the future.
These expressways will connect Hamilton City to major logistics hubs such as the Kuala Lumpur International Airport and Port Klang, a signature of Sime Darby Property Industrial products located strategically in City of Elmina, Bandar Bukit Raja and Serenia City, among other locations,” he said.
Meanwhile, speaking at the launch event, Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun said leveraging on MVV 2.0, the state government has devised a plan to stimulate the local economy by targeting key industry players that are able to make an overall impact.
“I am confident that Sime Darby Property’s projects will be catalysts to the development of MVV 2.0. Hamilton City is now ready for the next phase and will propel Negeri Sembilan into developing as a sustainable city by 2045,” said Aminuddin.
Hamilton City will be developed over four phases whereby Phases 1, 2 and 4 will be focusing on medium and heavy industrial activities, while Phase 3 will be specifically developed for light industry comprising detached and semi-detached factories with a managed industrial park concept.
The developer also highlighted that the series of mixed industrial developments will suit different businesses, further driving the creation of thriving industry-led communities. It is also expected to create job opportunities for the population of 740,000 living within and around the township.
To recap, Sime Darby Property successfully recorded a 100% take-up rate for the launch of the first product in the development, industrial lots with sizes up to nine acres, in which 42 lots were sold to local and international companies. It has also recently announced the formation of a joint venture with LOGOS Property to establish a fund management platform to manage funds for the logistics sector, as well as to provide development services as part of its growth in this sector.
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