PETALING JAYA: Property developer NCT Alliance Bhd
is sharpening its focus on industrial parks, recurring income and digitalisation, while continuing its residential development portfolio under newly appointed chief executive officer (CEO) Ong Chou Wen.
Ong – who took on the role on April 1 as the group’s first CEO – said NCT Alliance is focusing on expanding its industrial footprint through the continued development of NCT Smart Industrial Park (NSIP) in Selangor and NCT Innosphere (NIS) in Kedah.
“We see an opportunity to play a more active role in shaping next-generation industrial ecosystems.
“This includes the integration of infrastructure, digital capabilities and sustainability into our industrial parks to better support modern businesses,” he said.
Ong previously served as CEO of Tropicana Corp Bhd and led the property division of WCT Holdings Bhd through WCT Land Sdn Bhd.
On industry trends, he said industrial development continues to show the strongest momentum, particularly for integrated industrial parks that support logistics, manufacturing and technology-driven operations.
“Demand today is not just for space, but for integrated ecosystems with the right infrastructure, connectivity and operational readiness,” he said.
“This reinforces our focus on industrial parks as a core growth segment for the group.”
On NSIP, Ong said the development continues to progress across multiple phases, alongside ongoing enhancements to infrastructure, connectivity and supporting facilities.
He said upcoming components within the industrial park include a sports complex, centralised labour quarters (CLQ) and a global centre, aimed at strengthening the overall ecosystem.
Ong said NSIP Phase 2, with an estimated gross development value (GDV) of RM2.6bil, is slated for launch this year.
The phase will comprise larger industrial plots and specialised infrastructure tailored for the high-technology, logistics and manufacturing sectors, building on the RM2.5bil GDV achieved under Phase 1.
In November 2025, the group held a groundbreaking ceremony for NSIP Phase 2 and launched its maiden RM1bil Sukuk Wakalah Programme to enhance funding flexibility, support long-term growth and expand access to the domestic debt capital market.
Meanwhile, Ong said NIS is progressing as planned, with the group expecting strategic collaborations to further strengthen the park’s ecosystem and support long-term growth.
Ong said the group is actively building a steady recurring income stream to strengthen financial resilience.
“A prime example is NSIP’s CLQ, which will generate stable rental income for the group. Complementing this is our upcoming CLQ in Batu Kawan, which is expected to commence construction early next year and will accommodate up to 5,400 workers,” he added.
Separately, Ong said demand for residential properties remains steady in areas with strong infrastructure and connectivity, while Sabah is emerging as a promising regional market amid improving economic activity and development needs.
He said this also allows the group to tap into a new segment of foreign buyers, particularly participants in the Malaysia My Second Home programme.
In Sabah, Ong said NCT Alliance is preparing for the launch of Ion Marina Bay following its acquisition of a 51% stake in Setara Juara Sdn Bhd for RM22mil last year. Construction has commenced and the market response has been encouraging, he said.
Furthermore, the developer is also planning to launch Ion Borneo Garden in Penampang, Sabah, with both projects strategically located near the city centre and airport.
As part of efforts to build visibility ahead of the Ion Marina Bay launch, Ong said the group plans to roll out targeted awareness campaigns and market engagement initiatives.
On environmental, social and governance (ESG), Ong said the group will continue implementing a structured roadmap focused on reducing environmental impact through energy efficiency and low-carbon planning, while strengthening governance frameworks and creating positive social outcomes for communities.
He said the group’s ESG initiatives include GreenRE-certified developments, solar-ready factory designs and rainwater harvesting systems, alongside smart infrastructure to improve energy and utility management.
Looking ahead, Ong said the group aims to build a resilient and future-ready platform by integrating infrastructure, digital capabilities and sustainability into its industrial parks, while maintaining disciplined growth and execution.
“Our aim is to continue delivering developments that are aligned with real demand, where we can execute well and maintain quality.
“The group is already on a strong trajectory, and my focus is to build on this momentum by strengthening how we operate and deliver as an organisation,” he added.
