KLANG, Malaysia, Jan 15 (Bernama) — Demand for industrial spaces and facilities are high, with the logistic industry facing pressure to meet consumer demands. However, with a dwindling supply in strategically located areas around the Klang Valley, prices for industrial lots have become unsustainable. Property developer Oriental Interest Berhad (OIB) Group launched Arym Pulau Indah, aiming to bridge this gap, and drive economic growth in Selangor. OIB will welcome MTT Shipping Sdn Bhd to its maiden industrial project.
MTT Shipping and related companies will be purchasing six industrial lots, totaling approximately 24.5 acres, for over RM70 million. This partnership will be the first among many, as Arym Pulau Indah still has a lot to offer with its 196-acre plot of land comprising 41 industrial units, a small commercial component, and a total GDV of approximately RM400 million. Phase 1 of the development is estimated to be completed in Q1 of 2022.
