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The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.

Ann Joo said developing its land into an industrial park makes it more attractive and valuable than selling it directly.

The project includes 22 units of 1.

The IOI Properties industrial development marks a major expansion into sustainable, power-ready industrial real estate as Selangor prepares for 2026 growth.

PGB plans to allocate the proceeds toward disposal-related expenses, partial repayment of bank borrowings and working capital.

“They only want fully-prepared industrial sites.

“People now see that Malaysia is an attractive destination,” he said, noting that companies have already diversified their risks, and will continue to value locations that offer stability, should similar disruptions recur.

Rising project costs were a recurring theme, with several noting that higher electricity tariffs, operational expenses, labour constraints, and utility charges could erode Malaysia’s competitiveness against regional markets such as Vietnam and Indonesia.

EdgeProp’s Industrial Special Report, launched in Taipei, previewed Malaysia’s evolving industrial roadmap, outlining how the country is reshaping its manufacturing base to stay competitive amid global realignments.

Group managing director Datuk Seri Yap Ngan Choy said the collaboration reflects NCT Group’s efforts to strengthen the park’s operational backbone and support investor scalability.