Penang Science Park | Batu Kawan | Factory Warehouse For Sale

Batu Kawan Industrial Park and Penang Science Park has been earmarked for factories development by Penang State Government as catalyst in transformation to cater for jobs to the people of Penang. In between these two well known industry parks lie a full fledged of mix development including university, Penang Designer Village, Aspen Vision City which includes IKEA Home Furnishing by AspenGroup (AG) jointly developed with Ikano Retail Asia, Ecoworld Development Group Bhd to develop two complementary townships, known as Eco Horizon and Eco Sun jointly developed with Employees Provident Fund Board (EPF) on 375 acres of prime land in Batu Kawan, Penang Malaysia.

Currently within Penang Science Park [the first halal industrial park in Penang], Bukit Minyak is made available for sale a well designed 2-year-old new factory.

 

Penang Science Park | Factory Warehouse for sale bird view.

 

Factory production office view.

- Location: Penang Science Park, Bukit Minyak

- Penang Science Park is fiber optics network services ready infrastructure

- The distance from NBCT port Butterworth, Penang is 21km or 20 mins travel

- Ready to move in with complete lighting, air conditioning, water sprinkle system, industrial lifts

- 53,265 sq ft total build up area

- 1.5 acres land area

- min 33 ft high ceiling factory / warehouse 

- 3.5 Tonnes production floor loading

- 345 kWh with incoming power supply capacity at 600 Amps

- 2 loading bays with Dock leveler

For private viewing do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS [Multiple Listing Service] . Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | https://VulcanInternational.blogspot.com

Penang | Silicon Valley of East losing position?

No massive layoffs | State semiconductor and E&E sectors ‘invariably impacted’ by MNC mergers

GEORGE TOWN: InvestPenang director Datuk Lee Kah Choon expressed confidence that factories in Penang will not see massive retrenchments taking place arising from the mergers of five multinational companies producing semiconductors and electronics components.  

Lee, who estimates some 150 jobs to be affected out of the thousands, said the companies involved were AMD, which had joint venture with Nantong Fujitsu Microelectronic Co, and Motorola Solutions’ manufacturing facility in Bayan Lepas, which had been taken over by Sanmina Corp.  

He said Western Digital and Dell had also acquired SanDisk and EMC respectively while Amphenol would close one part of its business here.  

“Mergers and acquisitions are commonly carried out nowadays not only to consolidate operations but to increase market share and technology synergies. This is happening globally in the semicon and E&E (electrical and electronics) technology companies.  

“Penang, as an electronic hub with its many international companies, is invariably impacted,” he said at a press conference here yesterday.  

Lee was responding to recent news reports that Penang might lose its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state.  

According to a report in a local daily, the series of moves, despite earlier reports of injections of tens of millions of ringgit in investment by two Chinese entities (namely JA Solar, JinkoSolar) in six months, will affect more than 1,000 employees.  

Lee said the acquisition of business did not equate to sacking of employees. “Restructuring exercises will be carried out but it is more to making the business profitable and the expansion of technological manufacturing processes. “Even if there is massive unemployment, these workers can be easily absorbed by other companies here. We are in a better position now to weather any possible unemployment scenario,” he said.  

On German stereo system maker Blaupunkt and HGST, a subsidiary  of Western Digital, Lee denied these companies would either close down, relocate or retrench their workers. “I have been in close contact with Blaupunkt and they do not have any intention to do any retrenchment," he said.  He described Penang’s investment as “healthy”, adding that the state had been ranked in the top five bracket for the past seven years.  

“It is very important for us to bring in the technology to support the supply chain that Penang has already developed.  “We also want investments to create high-income jobs for Malaysians in order for us achieve the national objective of becoming high-income nation in 2020,” he said.

Source | StarBiz

Related articles:

Adios Fairchild Semiconductor (Malaysia) Sdn Bhd

Malaysia | investPenang | Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015

Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

Cause for concern: Is Penang on the cusp of losing its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state? What's your opinion? (Before you form your opinion do read through the related articles above)

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

It was reported recently that Penang State recorded RM8.16 billion in investments last year which is more than double as compared to 2013. The investments contribution mainly from its electrical and electronics(E&E) sector as well as biomedical sector.

Of the total RM8.16 billion in capital investments, RM5.11 billion are said from foreign direct investments (FDIs) last year which domestic investments contributed RM3.05 billion. For comparison, the state’s FDI only totalled RM1.79 billion as recorded in 2013.

Refering to figures released by Malaysian Industrial Development Authority (#Mida), Penang’s ranking position in bringing in investments went up to third place last year as compared to fourth placing in 2013 among all other states in Malaysia.

In 2014, Penang is ranked right behind Johor and Sarawak, which recorded RM21 billion and RM9.6 billion in total investments respectively.

The infographic shows the flow of total capital investment for Penang for year 2010, 2011, 2012, 2013, 2014 (quinquennial snapshot) is RM36.78 billion.

The negative percentage indicates that relatively to a year before, the total capital investment value is lower as compare to its previous year. Vice-versa, positive percentage indicates that year is better in total capital investment performance versus the immediate previous year.

The crux of the matter is that every year there's investment(in billion) done by Penang State.

PS: For year 2012, the figure RM2.47 billion is without the inclusion of RM2.90 billion from Northern Corridor Investment Authority(NCIA). If included it was then be RM5.37 billion.

It's good to see that Penang has its mid term and long term investments been pursued as whatever investment by Penang State will normally take 3-5 years before been implemented or might not come to fruition. Example, the result of Penang's Total Capital Investments for 2015 might come to reality in 2018.

As for long term, Penang's Information Technology Business Process Outsourcing(IT-BPO) is under framework of 10 years to materialize: http://vulcanresearch.blogspot.com/2014/10/malaysia-investment-investpenang-psdc_18.html

Sources from the following reports:

http://www.malaysia-today.net/penang-no-1-in-malaysia-in-manufacturing-investment-for-the-2nd-consecutive-year-in-2011/

http://penangcatcentre.my/whats-up-details.s7f.aspx

http://www.themalaysianinsider.com/malaysia/article/guan-eng-penang-2011-investment-at-rm10b-beats-target

http://www.thestar.com.my/News/Nation/2013/03/26/Penang-received-RM54bil-last-year-says-state-investment-body/

http://penangmonthly.com/penangs-manufacturing-future/

http://www.themalaymailonline.com/money/article/penang-records-rm8b-in-investments-last-year-more-than-double-2013

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Research and Development In Malaysia | Factory For Rent | Something That You Could Learn For Free

A lot of times for you to accomplish certain task is just by asking if you want to get it done as it's beyond your capability. You just have to ask as Steve Jobs did when he needed parts to build his frequency counter from Bill Hewlett of HP. He was then 12 year-old and studying in high school.

This is the story of how VULCAN INTERNATIONAL Real Estate Investors Club is helping out R & D of a Multinational Company due to our comprehensive establishment in the sector of factory and warehouse. 

We've been approached by a Multinational Company (MNC) in Free Industrial Zone (FIZ), Bayan Lepas Penang to help source for factory/warehouse that need to meet their requirement: 

(1) Ridge height : 15m, (2) Floor space dimension: 40m x 40m.

Based on above, the floor space required is 1600m sq(approx. 17,222 sq ft). The indicative rental based on Prai industrial for warehouse is RM1.30 psf(per sq ft) and it'll cost about RM22,388.60 per month.

Reason for sourcing the factory/warehouse is to perform actual testing of their prototype product instead of simulation as earlier learning curve found that simulation is not accurate. That eventually caused product recall. As you're aware any product recall is going to be very expensive in terms of labour and product replacement. This is currently happened to automobile industry for airbags.

Due to its nature of rental for a month to perform actual testing, all our business partners won't be able to cater for it as they're looking for long terms warehousing rental instead of a month or two.

We've gave them free information of whereabout to source the building that met their requirements and the best part is that it's free of charge due to the establishment belongs to public funding. That is a cost saving of RM22,388.60 per month to them.

How can we help you?

The building that met the Multinational Company's requirement:

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015

With the impending Goods and Services Tax(GST) that is going to take effect from 1-April-2015 and earlier announced increase in quantum of Real Property Gain Tax (RPGT) Penang Property | Malaysia Real Estate Investment | Budget 2014 Malaysia | RPGT and its cousin Stamp Duty, the factory/warehouse sale and rental have been greatly affected investors and they're on the sidelines.

The rental price for Penang Island is hovering around RM2.00 per sq ft while mainland is commanding around RM1.30 per sq ft based on nett lettable area (NLA). Prices quoted are for new completed buildings. Batu Maung's Small and Medium Industry(SMI) has its value been appreciated with the completion of 2nd Penang Bridge Penang New Landmark | MM2H | Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge. Distance from Diamond Valley Industrial Park, Batu Maung to 2nd Penang Bridge (Sultan Abdul Halim Mu'adzam Shah Bridge) is only 3 km compared to 1st Penang Bridge which is 11 km. A factory of size 20,000 sq ft has said to be going from RM10 mil to RM12 mil based on seller revised asking price. Another advantage of Diamond Valley Industrial Park is that it's near to Bayan Lepas Free Industrial Zone (FIZ) as supporting industry. Another development that is bound to gain from completion of second Penang Bridge is Mutiara Light Industrial Park located at Sungai Tiram, Bayan Lepas.

The Penang state's initiatives of IT-BPO Park in Bayan Lepas Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward? that schedule to complete in next 10 years which is near to Penang International Airport and Bayan Baru will make the property around Diamond Valley Industrial Park to be appreciated when Information Technology Bussiness Process Outsourcing (IT-BPO) fully operational. This RM3.3 Billion IT-BPO Hub is the vehicle to propel growth towards diversifying the state’s economy and enable the growth of a viable employment sector. The IT-BPO Hub comprises 3 core-components of 74 acres of IT-BPO Park in Bayan Lepas; a planned development of 7 acres BPO Prime in Bayan Baru[current Penang Development Corporation(PDC) site] ; and a 100,000 sq ft Creative Animation Triggers(CAT) in the George Town heritage enclave.Batu Kawan Industrial Park has its nearby locality land been snapped up by property developers Property Hunter | Batu Kawan | Penang Science Park | Industrial Land For Sale Or Joint Venture (JV). Transactions surrounding Batu Kawan's neigbourhood have been transacted on average at RM50 per sq ft.

P.S.: This report doesn't cover boutique factory such as Tangkas Infinity Bukit Minyak | Tangkas Infiniti Factory/Warehouse/Commercial Building For Sale which is build in compliance with the Green Building Index(GBI) and includes energy conservation features.

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com on general indicative Penang's factory/warehouse selling price and rental for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

As we're aware one of the pillar in growth for Penang state is foreign direct investment(FDI) besides tourism and its sister UNESCO World Heritage status. To complement the Malaysian Investment Development Authority(Mida) initiative in attracting investor, the investPenang arm under Penang state government has move along the same line by going to Hong Kong and Singapore with the same objectives of allure investors to Penang.

A source mentioned that Malaysia recorded its highest foreign direct investment(FDI) of RM38.7bil in 2013,an increase of 24% over 2012 and 3.9% higher than the last record of RM37.3bil achieved in 2011.

What will foreign investors stand to gain by having their operations in Penang?

1. The infrastructure of masterplan Free Industrial Zone(FIZ) has been established since 1970s with Bayan Lepas FIZ. It was later expanded to mainland with Prai FIZ with supporting industries built under Small and Medium Industries(IKS).

2. Talented human capital development. Penang Skills Development Corporation(PSDC) was established in 1989. The centre is entrust to provide training and develop human capital to support Multinational Corporations(MNCs). Over a period of 20 years, the Centre has trained over 150,000 participants through over 7,000 courses; pioneered local industry development initiatives; assisted in the input and formulation of national policies pertinent to human capital development and contributed directly to the Malaysian workforce transformation initiatives.

3. InvestPenang agency. The state government agency was established in 2004. investPenang is a non-profit entity of the State Government with the sole purpose of promoting investments within Penang. investPenang aspires to sustain, rejuvenate and further promote entrepreneurialism through continued investments and simultaneously explore new growth areas which are profitable. Their core competencies are (1) Furnish information and resources to investors, (2) Enhance Penang’s business friendly environment, (3) Strengthen Penang’s competitive advantage, (4) Promote investment, (5) Support existing companies growth, (6) Facilitate growth of domestic industries, Penang SME Centre. As a matter of fact we work with investPenang and Mida on foreign direct investments'(FDIs) requirement and to cater the investor needs on existing infrastructure.

4. In tandem with investPenang's efforts, Penang Development Corporation(PDC) provides industrial lands for factories. These lands are with tenure of 60-year lease. Their current factory development is in Batu Kawan with establishment on Batu Kawan's IKS.

5. The IT-BPO Hub Penang integration. It's a vision and initiatives of Penang state government to envision that Penang establish herself with Information Technology Outsourcing and Business Process Outsourcing(IT-BPO) Hub with cost of RM3.3bil in setup and expect to be fully operational in 10 years.

The IT-BPO hub is make up of 30ha(74.2 acres) BPO Park in Bayan Lepas, 2.8ha(6.9 acres) BPO Prime in Bayan Baru and 0.93ha(2.3 acres) of Creative Animation Triggers(CAT) in George Town heritage zone.

Penang's Business Process Outsourcing (BPO) Park.

BPO services is said to include customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and disaster recovery services.

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang Property | Balik Pulau Land For Sale

Property Value | Interested contact VulcanInternational +6 016 451 1321 .

Exclusive Sale 1.72 acre land @ Balik Pulau, Penang MALAYSIA.

Asking RM3.0 million. Call Vulcan Lau (VULCAN INTERNATIONAL Real Estate Investors Club), Mobile: +6 016-451 1321to arrange for appointment.

Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com

Penang Property | Balik Pulau Land For Sale

Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com

For private viewing do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS [Multiple Listing Service] . Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | https://VulcanInternational.blogspot.com