techpark@enstek is the first technology park to receive the HALMAS status from the Halal Industry Development Corporation and currently houses significant numbers of multinational corporations and renowned brands since its commencement in 2002, including Ajinomoto Malaysia Bhd, Farm Fresh Bhd, Coca-Cola Bottlers (Malaysia) Sdn Bhd and Kellogg’s Malaysia.

Catering to Syariah-compliant, advanced technology and clean industries, techpark@enstek phase 3 will be developed in six phases over the span of 14 years with a development mix that will include industrial and commercial plots as well as semi-detached (semi-D) factories.

“Looking at the current trend, most of the buyers were looking at semi-D ready-made buildings, so that’s why we introduce semi-D components for small and medium enterprises (SMEs) in the third phase.

“We see that in Bandar Enstek, we have big players but the downstream activity is lacking down there so, I think the potential take-up rate of semi-D in Bandar Enstek is very high,” he said.

Within Negeri Sembilan, techpark@enstek emerges as the key biotechnology and halal hub serving the rest of the state as well as Kuala Lumpur conurbation and Selangor.

The park attracts investors due to its affordable land prices, reliable power infrastructure and proximity to the capital cities and the country’s main entry points such as the Kuala Lumpur International Airport and Port Klang.

Azman said as industrial lands connected to transport hubs become scarcer, any spillover effect of growth in Malaysia Vision Valley 2.0 and the influx of foreign and domestic direct investment to the area are likely to benefit developers with industrial land bank holdings around transport nodes such as techpark@enstek.

“techpark@enstek also plays a pivotal role in the development of Bandar Enstek township by generating business and job opportunities as well as propelling the overall vibrancy of the township,” he said.

He said Bandar Enstek is a township that embodied a fusion of progress and preservation by incorporating commercial, residential, educational and industrial components seamlessly.

“Its success depends on the synergistic relationship of these components,” he said.

On the industrial property sector outlook, Azman said the demand is coming in but in a smooth and steady manner. 

“It (industrial property demand) is not stagnant, it is coming in but not as fast as what we used to experience before but InshaaAllah the trend is going up,” he said.

Economists projected the industrial property demand in Malaysia to exceed RM13 billion per year spurred by the government’s New Industrial Master Plan 2030.