Home > News > Community
Thursday March 28, 2013 MYT 12:00:00 AM
Wednesday April 24, 2013 MYT 2:08:59 PM
KUCHING: The industrial sector here is not expected to see exciting times any time soon amid the lack of new major developments taking off.
Only two small industrial projects — Hartamas Industrial Park and RH Park along Kuching-Serian Road — were launched in the state capital last year.
The Hartamas Industrial Park’s lots are priced at RM150 per sq ft while the semi-detached factories in RH Park are sold for more than RM700,000 per unit.
Most of these factories are occupied by small-scale light industrial workshops for furniture manufacturing/assembling, dry food packing/storage as well as for car repairs.
In 2011, a major project — Sarawak Factory Wholesale Centre — was launched in Demak Laut Industrial Park along Jalan Bako here. As the largest of any private industrial estate development here in the past several years, the project was reportedly to involve investment of RM100mil, and it was designed for 420 units of terraced and semi-detached factory units with some shophouse units.
This year, no major changes are expected in the Kuching’s industrial sector, according to CH Williams Talhar Wong & Yeo Sdn Bhd (WTWY).
“This year is expected to remain rather conservative and stable, with any major industrial developments guided and controlled by the state government,” it said in a report.
The property consultant hopes that in the coming years, Sarawak Corridor of Renewable Energy (SCORE) projects would fuel more downstream industries which could be located in the state capital.
WTWY said industrial lots here could fetch at most RM50 per sq ft and that rent yields for industrial units remained at between 5% and 6%. It said the Samajaya Free Industrial Zone set up in the 1990s to boost foreign investments in hi-tech industries had been facing many hiccups, the latest of which was the restructuring of Sanmina-SCI company which had laid off 800 workers.
In recent years,1st Silicon was restructured to X-FAB Sarawak while the restructuring of Komag resulted in the change of ownership to Western Digital and later Hitachi.
In Miri, WTWY expects the industrial sector to remain sluggish this year.
“The Eastwood Valley Industrial Park and Senadin Enterprise Park are currently the only ongoing industrial projects in Miri. However, take-up rates are rather slow,” it pointed out.
In Bintulu, the ongoing industrial projects are Nyabau Industrial Park and Eastern Gateway Industrial Park.
The Nyabau Industrial Park developed by BBC Construction Sdn Bhd comprises 10 units of double-storey industrial buildings and 14 units of double-storey semi-detached industrial buildings.
Undertaken by Hong-Yet Development Sdn Bhd, the Eastern Gateway Industrial Park will have 87 double-storey semi-detached factory units when fully completed.
In Sibu, the preferred area for industrial development remains along Jalan Ding Ling Kwong although more light industrial developments have moved towards Jalan Tun Ahmad Zaidi area.
According to WTWY, both the demand and supply situation of industral properties in Sibu appeared to have improved.
The newly launched double-storey semi-detached industrial unit with land area of 610.8 sq m along Jalan Tun Ahmad Zaidi Adruce commands around RM750,000.
Tags / Keywords:
Community, News, Business, industrial sector
Challenges of GST: Cost management and competitiveness
A fitting show to honour legends
Lower GST for businesses in Sabah and Sarawak, Govt urged
Booming sales, thanks to GST
Act to take effect on Sept 1
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
Real Madrid defender Pepe sidelined by thigh injury
Singer-songwriter Joni Mitchell hospitalised
Building site controversy High-rise developer says project not built on retention pond
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)