by 
20th July 2024
Managed Industrial Parks in Selangor: Revolutionizing Industrial Property Investment
The recent launch of the Selangor Guidelines for the Development of Industrial Parks based on the concept of Managed Industrial Parks (MIP) will leapfrog Industrial Park Development in Selangor, the most preferred industrial investment state in Malaysia. Notable MIPs in Selangor include:
- ECO Business Park V in Puncak Alam
- NCT Smart Industrial Park in Sepang
- Koji Business Park in Puncak Alam
- Elmina Business Park in Sungai Buloh
- UMW High Value Manufacturing (HVM) Park in Serendah
With the mushrooming of industrial park development, these guidelines are timely, allowing for a planned industrial park to be distinguished from a managed industrial park. This development is promising for Industrial Property Investors and Users looking for Industrial Land for Sale, Warehouse for Sale, Factory for Sale, as well as Warehouse for Rent or Factory for Rent.
What is a Managed Industrial Park?
A Managed Industrial Park (MIP) is a centralized and gated industrial park with proper access control and common areas managed by an Industrial Park Manager. A maintenance fee is imposed on industrial facility owners or tenants, which is deposited into a maintenance account managed by the Industrial Park Manager to cover the maintenance costs of the MIP.
The difference between an MIP and a ‘normal’ industrial park lies in the current practice where developers develop the industrial park and then surrender it to local authorities for maintenance. In contrast, MIP Developers double as Industrial Park Managers, ensuring the needs and specifications of industrial facility owners are met efficiently and systematically.
Benefits of a Managed Industrial Park
The development of an MIP ensures that the industrial park is conducive and equipped with complete infrastructure, utilities, and supporting amenities such as:
- Community centers or business support centers
- Centralized labor quarters or hostels (CLQ)
- Perimeter fencing of the industrial park
This structured management addresses the overall maintenance of the industrial park.
Components of MIP Development
The development planning process for MIPs involves referring to and adopting the Selangor State Planning Standards Guidelines, as well as other relevant guidelines such as:
The hope is that MIPs will transform the development of industrial parks and ensure that incoming supply into the industrial property market aligns with today’s needs for industrial land for sale, warehouse or factory for sale, as well as warehouse or factory for rent.
Finding the Right Industrial Property for Your Business
For more detailed information about the benefits and opportunities of Managed Industrial Parks in Malaysia, visit our website. Stay ahead of the curve in industrial property investment and development with expert guidance and top-tier listings. Contact us at MyIndustrialSpecialist for your industrial property needs and to begin your investment journey today!
