Nexus Industrial Hub is a freehold light industrial development located in Jawi, Nibong Tebal, Penang, within proximity to Sungai Bakap and the thriving Batu Kawan Industrial Park.
The property developer inked a conditional share sale agreement with the Yap brothers, executive chairman and managing director Datuk Seri Yap Ngan Choy and executive director Datuk Yap Fook Choy, to acquire the entire equity interest in NCT World Sdn Bhd.
"In addition, the 13MP also targets the construction of one million affordable housing units over 10 years by the government and private developers, integrating public housing at more reasonable prices.
In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800.
Deputy Works Minister Datuk Seri Ahmad Maslan said the move could help reduce costs and construction time, while also minimising the risk of damage to IBS materials.
The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.
The group is collaborating with the Negeri Sembilan state government to develop a 300-acre industrial park in Port Dickson, and with Sime Darby Property Bhd (KL:SIMEPROP) for a 2,000-acre site on Carey Island.
“Sales of industrial properties as well as projects in Iskandar Malaysia remain strong year-to-date.
The property currently generates a monthly rental income of RM20,000.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
