PORT KLANG: Industrial land developer Central Spectrum (M) Sdn Bhd (CSSB) is promoting the development of Pulau Indah on a bigger scale this year, supported by its Selangor Bio Bay (SBB) and Phase Three of the Pulau Indah Industrial Park (PIIP 3) projects.
CSSB chief executive officer Mahmud Abbas said the Selangor Bio Bay, a 1,070-acre (433ha) high-technology area, would act as a catalyst for high-quality property development in Pulau Indah besides elevating Selangor’s biotechnology industry.
“The Selangor government is highly supportive of this mixed development, set for launch this year, which features various components such as manufacturing, research and development (R & D) and lifestyle,” he told Bernama in an interview at his office in Port Klang recently.
Mahmud said the SBB, spanning three precincts, had a 15-year development period with a total gross development value of RM4.3bil.
The SBB is in the midst of finalising its masterplan and the first project to kick off will be a collection of terrace houses in Precinct 2, offering a modern and exciting residential development in Pulau Indah, he said.
“The crown jewel of SBB will definitely be Precinct 3 where we will locate our Biotech Accelerator Centre which will act as an R and D hub for biotechnology companies operating within SBB,” he said, adding that the preliminary works were expected to start by the third quarter of this year.
On the PIIP 3 project, he said Central Spectrum was in the midst of developing the last phase of 793-acre (320.9 hectares) industrial land in PIIP 3.
“We managed to sell 185 acres (74.8ha) of industrial land in PIIP 3A and now PIIP 3C is open for sale with approximately 209 acres (84.5ha) of industrial land complete with infrastructure,” he said.
Mahmud said the gated and guarded PIIP 3 industrial park was poised to create a healthy lifestyle among its stakeholders as it was equipped with a cycling track, while preserving the natural environment.
On the Pulau Indah 180 Cycling Race, tentatively set for Jan 13-15, he said the event would help promote Pulau Indah as a commercial destination, as well as attract foreign investors to the industrial zone.
“Pulau Indah 180 aims to be one of CSSB’s marketing tools to attract foreign cyclists who would be able to contribute to the continuous domestic and foreign direct investment drive,” he said. - Bernama