Share
KUALA LUMPUR (Feb 9): Melaka Corporation (MCorp) and Teladan Group Bhd (KL:TELADAN) on Friday officially launched Phase 1 of the 418.63-acre German Technology Park (GTP) in Jasin, Melaka. It is the first managed industrial park (MIP) of the state.
The ceremony also saw the announcement of Riverwell Resources Sdn Bhd, the wholly owned subsidiary of Teladan Group, appointed as the master developer for Phase 1, while MCorp will be the exclusive partner to promote and market 22 plots for purpose-built and built-to-suit facilities in Phase 1.
The 121.7-acres Phase 1 comprises 45 terraced factories, 64 semi-detached factories, a centralised labour quarter and 22 plots. The land size for the terraced and semidee lots are ranging from one to three acres and priced at RM60 psf.
Meanwhile, the 296.91 acres Phase 2 will be jointly developed by Jakel Group and Franky Land Sdn Bhd.
Speaking to The Edge at the event’s sideline, Teladan Group CEO Allan Ngu said that take-up rates for Phase 1 factories stand at 50% to 60%, mainly driven by local buyers.
“GTP is a big project where it will be jointly developed by a few developers, and we are the master developer for Phase 1. Following our launch and sales, we hope [the launch of] phase 2 will see more market traction,” Ngu said.
Meanwhile, Melaka chief minister Datuk Seri Ab Rauf Yusoh shared that the idea of having an MIP in Melaka was conceived after his visit to Germany in 2023, aimed at positioning Melaka as a hub for German-linked industrial collaboration and technology transfer.
“Our goal is to bring in as many technologies from Germany as possible... an effort to make this area a hub of technology and knowledge transfer,” Ab Rauf Yusoh told the press after officiating the launch.
Nonetheless, he said that GTP also welcomes non-German investors who are using German technology or supplying German-linked value chains.
He highlights that GTP is designed and purpose-built to support research development and driven industries, including automation, E&E, medical devices, green technology, aerospace components and ICT.
“Melaka attracted RM8.8 billion worth of new investments in 2024, surpassing our initial target of RM5.59 billion across key sectors such as manufacturing and services... We are now setting our sights on achieving RM10 billion in 2030,” he said.
Unlock Malaysia’s shifting industrial map. Track where new housing is emerging as talents converge around I4.0 industrial parks across Peninsular Malaysia. Download the Industrial Special Report now.
