NCT World signs term sheet for 100-acre land sale at NCT Smart Industrial Park for data centre development

KUALA LUMPUR (May 11): NCT World Sdn Bhd, a wholly-owned subsidiary of NCT Alliance Bhd, has signed a term sheet for the proposed sale of a 100-acre land parcel within NCT Smart Industrial Park (NSIP) in south Selangor to a global data centre operator, in a transaction that underscores Malaysia's growing appeal as a regional hub for digital infrastructure.

The land parcel has been identified by the unnamed global operator as a potential site for data centre development, with the proposed facility expected to support up to 800MW of data centre capacity. 

The development will be undertaken by the purchaser, subject to relevant regulatory approvals and the execution of definitive agreements between the parties.

NCT Alliance said the proposed sale is expected to contribute positively to the group's revenue and earnings upon completion, while strengthening its position in the digital infrastructure segment. 

The entry of a global data centre operator is also expected to enhance NSIP's profile and reinforce its appeal to high-quality investors, supporting continued investment momentum across the development.

NSIP spans 732 acres in the Integrated Development Region in south Selangor and was launched in 2023 with a total gross development value (GDV) of RM10.2 billion. 

Strategically located near KLIA, KLIA2, Port Klang, and the West Coast Expressway, the park is developed across five phases — with Phase 1 comprising 280 units of detached, semi-detached, cluster, and terrace factories as well as industrial land parcels. Phases 4 and 5 will introduce commercial components including a petrol station and shop lots.

Malaysia's first Managed Industrial Park, NSIP operates under an integrated framework featuring 220-feet roadways, AI-powered centralised labour quarters, cloud-based digital twin systems, and IR4.0-ready infrastructure. 

The park was awarded a 5-diamond rating under the Low Carbon Cities 2030 Challenge in 2025 and holds a GreenRE-certified ESG designation — the first industrial park in Malaysia to achieve both accolades.

The proposed land transaction comes amid accelerating data centre investment activity in Malaysia, driven by rapid expansion in artificial intelligence infrastructure and evolving global supply chain dynamics. 

A signed term sheet is a non-binding preliminary agreement that sets out the key commercial terms of a proposed transaction, ahead of the execution of formal definitive agreements.

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