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- The IOI Properties industrial development marks a major expansion into sustainable, power-ready industrial real estate as Selangor prepares for 2026 growth.
SELANGOR (Dec 8): IOI Properties Group Bhd has officially launched the IOI Industrial Park @ Banting, a 322-acre GreenRE-certified industrial development with a projected gross development value (GDV) of RM1.8 billion, marking the group’s push yet into Malaysia’s fast-evolving industrial and logistics real estate sector.
In his opening speech of the launch, held at the newly opened 12,000 sq ft IOI Galleria @ Banting, IOI Properties group chief operating officer (Property Development–Malaysia) Teh Chin Guan said that the development aligns with the government’s renewed industrialisation agenda, particularly the New Industrial Master Plan 2030 and the National Energy Transition Roadmap, both of which emphasise low-carbon operations and the adoption of clean technologies.
He noted that heightened investor awareness around environmental, social and governance (ESG) requirements has accelerated demand for industrial parks equipped with modern utilities, efficient layouts and infrastructure resilience.
“IOI Industrial Park @ Banting is targeted to contribute an estimated GDV of RM1.8 billion in the next five years to the Group’s industrial segment,” Teh said, adding that the project positions IOI Properties to capture new demand from both local and multinational companies seeking compliant and future-ready facilities.
Located in southern Selangor, the development offers connectivity to key logistics and industrial corridors and is being positioned as a node for high-value activities, including advanced warehousing, light manufacturing and technology-driven operations.
Teh added that the park has been engineered for industries requiring substantial and uninterrupted power supply, noting that the park’s dual high-voltage infrastructure makes it suitable for high-energy users such as advanced manufacturing and data-driven operations.
“We are very much suited for industries that require high power demand, such as advanced manufacturing and processing.” he said. “We have opened our first phase comprising 193 units of factories and warehouses, and the response has been overwhelming.”
He noted that the strong enquiries received for the initial phase reflect a broader shift in industrial demand, where companies now prioritise infrastructure readiness, energy resilience and compliance with ESG requirements.
Beyond the current launch, Teh said the Group will continue to position the industrial park for sectors aligned with national priorities. “Our upcoming plans continue to focus on advanced manufacturing, E&E, and life sciences industries. We are also looking into the digital economy and exploring regional opportunities,” he shared during a media briefing.
The industrial park will offer a range of factory configurations catering to different operational scales, including detached units with built-ups of approximately 27,895 sq ft on land parcels measuring 180’ x 221’ and equipped with 800-amp power capacity and production floor heights of up to 12 metres for heavier manufacturing uses. Semi-detached units, intended for light to medium industries, come with built-ups of up to 14,124 sq ft on lots measuring up to 90’ x 200’,, while the smaller cluster factories provide built-ups of up to 9,499 sq ft on land sizes of 85’ x 150’.
The park also incorporates flood mitigation measures, energy infrastructure capable of supporting power-intensive users, and mobility features to support movement of goods and workers.
Selangor state executive councillor for investment, trade and mobility Ng Sze Han, who officiated the launch, told EdgeProp that sentiments ahead of 2026 remain robust. He noted that several foreign and domestic firms are eyeing expansion opportunities in logistics, electrical and electronics (E&E) and other high-technology related industries.
“We have received strong enquiries from both local and foreign investors, particularly in logistics, E&E and other high-tech industries looking to expand their regional hubs here,” he said, adding that China, Singapore, the US and several European companies have been among the most active.
Ng highlighted warehousing as an area seeing immediate growth traction, citing recent facility openings and occupancy trends.
“Smart warehousing has huge room to grow. Many facilities are already more than 90% occupied, and operators are now looking for new sites to expand. With automation and data-driven operations, the workforce here will be able to command higher salaries as it’s not the ordinary warehouse job anymore,” he said.
The IOI Galleria @ Banting is now open to potential investors and industry players seeking further information on the project’s development phases.
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