News & Update

A masterpiece of the Prai Industrial Estate’s double storey office block with an annexed single storey factory UP FOR GRAB!

Following a stronger-than-expected exports performance in 2018, the International Trade and Industry Ministry (Miti) expects Malaysia’s exports value in 2019 to breach the RM1 trillion-mark for the first time. While the global trade outlook is weighed down by an economic slowdown and rising protectionism, Minister Darell Leiking projects the country’s exports to grow by about 5% this year, higher than the earlier forecast of 3.9% as mentioned in the Finance Ministry’s Economic Outlook 2019 (extracted from www.mida.gov.my).

Benefited from strong export value, the industrial sector in Seberang Prai (mainly Prai Industrial Estate) is building pace with several factory projects underway ― reflecting an active market in mainland Penang. Henry Butcher Malaysia’s SeberangPrai mid-year review stated that the volume of transactions had increased marginally by nearly three per cent, from 67 transactions in the first quarter of last year (Q1 2017), to 69 in the first quarter of this year (Q1 2018). But the total value of transactions surged 53.85 per cent year-on-year, from RM80.8 million to RM124.3 million. It seems that Prai Industrial Estate is fast becoming the Crown Jewel from foreign direct investment (FDI) with several announcement of companies investing millions in manufacturing business.

Prai Industrial Estate is the largest industrial estate in the northern region of peninsular Malaysia apart from the established Mak Mandin Industrial Estate and the Seberang Jaya Industrial Estate where are located nearby.

There is one masterpiece of the Prai Industrial Estate that is up for grab. It is a double storey office block with an annexed single story factory of individual design and construction. The land area is about one (1) acre (43,484.95 square feet). The building was only built for few years and was approved by the local authority, Majlis Perbandaran Seberang Perai (MPSP). Total gross floor area is 30,060 square feet.


Here are some highlights of this Prai Industrial Estate’s factory:

· It is situated approximately 10 km south-east of the Butterworth Ferry Terminal Complex and approximately 3.5km north of the Juru Highway Auto City

· Surrounding factory premises – DSOP Office System, Knowles Electronics, RGE Lighting Industries, Fumakilla Malaysia, Acuman Scientific, etc

· Current usage: multi-national company rented for engineering purpose

· Current Return on Investment (ROI) of 5.4% per annum

· Indicative price per land area – RM161 per square feet

 

This exquisite Prai Industrial factory will be up for OPEN BIDDING on 28 February 2019. Kindly contact our specialist at 016-723 1440 for more bidding information.

 

What is OPEN BIDDING? Click https://mnp.com.my/open-bidding to understand more than less!

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MNP Chief Executive Officer 

Certified Mediator (AIAC)

Assistant Governor, Rotary District 3300 (2019-20)

Vice Chairman, Wang Hou Antique & Heritage Association