PASIR GUDANG: United Malayan Land Bhd (UMLand) through its subsidiary Tentu Teguh Sdn Bhd (TTSB) has embarked on a new 140.43 ha. modern integrated township in Cahaya Baru, Jalan Kong Kong in Masai near here.
The fourth township developed by UMLand in Malaysia and its third in Johor, Taman Seri Albion comprises small industrial, commercial, retail and residential units.
UMLand chief executive officer Charlie Chia said the first phase of the project, Dover Business Park, consists of 89 units of terrace, cluster and semi-detached factories with built-up areas of 304.35 sq. m. to 1350.07 sq. m. with an estimated gross development value (GDV) of RM178 million.
"Dover Business Park is strategically located near the main access point and port, and offers gated security apart from being equipped with recreational facilities and lush landscape, abundant parking space and high-speed internet coverage," he said.
Speaking at the project's ground-breaking officiated by Menteri Besar Datuk Seri Mohamed Khaled Nordin Monday, Chia said the development is expected to generate an investment of RM3.5 billion and indrectly create an estimated 12,000 jobs.
The company targets Malaysian and Singaporean small enterprises in food and beverage production, garment manufacturing, printing and packaging, electronics, storage and warehousing, services, information technology, machinery spare parts, carpentry and furniture production as well as automotive workshops.
Mohamed Khaled in his speech lauded the project, saying it will help reduce migration out of the Pasir Gudang parliamentary constituency as it can offer conducive surroundings and comfortable livelihoods.
He said the development of the residential area at the end of next year will help meet the need for industrial workers in the area when completed.
Mohamed Khaled expressed hope UMLand would join the state government in attracting more investors to the constituency to support the area's existing industries.
Also present were Housing and Local Government Committee chairman Datuk Abd Latiff Bandi as well as UMLand executive chairman Tun Musa Hitam and executive director Datuk Ng Eng Tee.
Source: http://www.iproperty.com.my/news/9309/umland-embarks-on-new-township-project-in-masai
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