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.

Taman Perindustrian Bukit Minyak | Factory Cum Warehouse For Rent

A single storey warehouse / factory building annexed to 3 storey office building for rent. The Subject Property is situated in Taman Perindustrian Bukit Minyak, Pulau Pinang, Malaysia.

Net Lettable Area: 93,535 sq ft

Land Area: 3 acres

Asking Rental: RM1.30 psf (USD0.40)§

Monthly Rental: RM121,595.50 (USD36,967.16)§

Loading/Unloading Docks: 3 set Mechanical Dock Levelers

Docking Bays: 5 bays (for 40 & 20 Footers)

Car Park(Covered): 34 bays

Car Park(Open): 25 bays

Motorcycle Bays: 54 bays

Free Renovation Period: 1 month

Contact Mr Vulcan Lau, mobile no.: +6 016 451 1321

Property Mix & Amenities:

Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90’s comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries.

 Among reputable Local & Multinational Industrial players to name a few are: Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia.

 Opposite this Industrial Park, across the Butterworth – Ipoh trunk road is the Small and Medium–Scale Industrial (SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda.

Location:

The Bukit Minyak Industrial Park is situated approximately 16 Km to the South-East of the Butterworth Ferry Terminal and Railway Station. Located approximately 4 Km North East of the Subject Property is the north bound Juru Interchange. Whilst the distance to Batu Kawan – the Penang Second Link Bridge is approximately 10.4 Km.

The Subject Property is approximately 12 Km to the South of Bandar Perda, Bukit Mertajam and 16 Km to the South East of the Butterworth Ferry Terminal and Transit Bus Station. Distanced approximately 4 Km North East of the north bound Juru Interchange and 8 Km to the Penang Bridge. From the Juru Interchange the Site is accessible via Jalan Kebun Nenas onto Jalan Bukit Tengah and finally thereon onto Jalan Perindustrian Bukit Minyak.

North bound, the Subject Property can be accessed via the PLUS Highway; exit at the Bukit Tambun Interchange onto the Jalan Bukit Tambun and finally to Jalan Perindustrian Bukit Minyak.

The Penang Second Link Bridge which completed this year and commission is across the South Channel links Batu Maung on Penang Island with Batu Kawan on the mainland.

Ideally Penang based SME test equipment companies that have been reported upbeat on projecting a good first quarter for 2015 based on new orders and upside forecast for test equipment and light emitting diode(LED) industry should consider to rent this factory for expansion their production lines such as Elsoft Research Sdn Bhd and Pentamaster Corporation Bhd.

Private viewing can be arranged. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | @VulcanInternational | #VulcanInternational