Golden Land Bhd’s industrial deve­lopment Golden Gateway in Batu Kawan, Penang, has achieved a take-up rate of 75% since its launch in 2018. According to the developer, the project has seen transactions during the Movement Control Order (MCO) period.

“So far, the development has attracted investors and small and medium enterprises (SMEs), mainly local owner operators,” says Golden Land Bhd CEO Stewart Yap.  “We are confident that Golden Gateway will continue to do well, especially with the growth in logistics and industrial segments today.”

Golden Gateway comprises 3-storey semi-detached and detached factories and is due to be handed over in June this year. The units have a unique design: four of their main components are a factory area, an area for unloading, a showroom and an office. They are a modern approach to modern enterprise and their multifunctional layout will create good workflow.

Sitting on a freehold, 21-acre tract to the southeast of Batu Kawan, Golden Gateway has a gross development value of RM180 million. It consists of 52 plots for 3-storey semi-detached factories and two plots for 3-storey detached factories.

The semi-detached and detached units have built-ups of 5,500 to 8,000 sq ft with prices from RM3.2 million.

Apart from its accessibility from the North-South Expressway and Juru Interchange, Golden Gateway has a toll-free route from Nibong Tebal/Jawi to Batu Kawan. Golden Gateway will be located next to future developments at Batu Kawan, such as IKEA, KDU University College, Columbia Hospital, theme parks and malls.

Source: TheEdgeMarkets.com