Ums Holdings Acquires Industrial Land Penang Rm152 Mil

Novo Place EC residents will have access to a variety of parks and community farms as a part of the “Community in Gardens” concept in Tengah. These green spaces are purposely designed for residents to engage in gardening, leisure, and community bonding activities, promoting a healthier and more connected community. The Forest Corridor, which connects the Western Catchment Area and Central Catchment Nature Reserve, is a perfect spot for outdoor enthusiasts. With uninterrupted stretches of nature, residents can enjoy activities like jogging, biking, and bird watching. Living at Novo Place EC will provide a perfect balance between urban life and nature, making it an ideal home for those who appreciate both. Make sure to check out Novo Place EC for a serene and harmonious living experience.

UMS Holdings, a Singapore-based company, has recently purchased land in Penang Science Park North in Malaysia. According to their announcement on July 1st, their subsidiary, Ultimate Manufacturing Solutions, invested RM15.23 million (approximately $4.5 million) into the 5.38-acre (2.18ha) plot.

This land, with a 60-year leasehold, is located between two well-established industrial parks – Perai Industrial Area and Batu Kawan Industrial Park. With an area of about 235,000 sq ft, it strategically adds to the group’s portfolio of over 1.2 million sq ft of industrial space in both Singapore and Malaysia.

Andy Luong, chairman and CEO of UMS Holdings, explains that the newly acquired land is adjacent to their existing factory in Penang and will be utilized for business expansion. UMS Holdings specializes in the production of semiconductor components.

For those interested in investing in industrial real estate properties, do check out the latest listings, including the $34 million Joo Seng Road industrial property that is up for sale.