Mah Sing and KLK form joint venture for major industrial development in Johor
On December 19, Kuala Lumpur-based property developer Mah Sing Group Bhd (KL:MAHSING) announced a strategic joint venture agreement with a subsidiary of Kuala Lumpur Kepong Bhd (KL:KLK). The companies plan to acquire and develop a 419.15-acre freehold industrial land parcel in Kulai, Johor to build MahSing Kulai Park. The site lies within the Johor-Singapore Special Economic Zone (JS-SEZ). It is poised to become a significant industrial hub aligned with Malaysia’s New Industrial Master Plan 2030.
The collaboration aims to strengthen industrial infrastructure in Johor. It supports the state’s role as a critical growth corridor next to Singapore and key logistics networks. The development will proceed under MahSing Kulai Park. The project carries implications for regional engineering activities, traffic management, and industrial safety protocols during construction and later operations.
The joint venture structure and development plan at MahSing Kulai Park have been clearly outlined
Mah Sing’s wholly owned subsidiary, Nova Legend Development Sdn Bhd, will hold a 60% equity stake in the joint venture entity, M Industrial Development Sdn Bhd. KLK Land Sdn Bhd will retain the remaining 40% stake. The parties formalised the acquisition deal through a conditional sale and purchase agreement with Aura Muhibbah Sdn Bhd. Aura Muhibbah operates as a fully owned subsidiary of KLK. The companies purchased the land for approximately RM274 million. They project an estimated gross development value (GDV) of RM2.26 billion.
The industrial park, branded MS Industrial Park @ Kulai, will include several factory types. These include cluster, semi-detached, and detached units. The plan also allocates vacant land for logistics hubs, warehouses, and associated facilities.
The location offers strategic advantages. It sits close to Senai International Airport, the North-South Expressway, and Johor’s major seaports. Mah Sing will oversee project management and execution. The group will act through its subsidiary, Southville City Sdn Bhd, under a dedicated project management agreement.
Authorities have confirmed the planned phases and regulatory compliance for MahSing Kulai Park
The proposed acquisition and development remain subject to customary conditions precedent. These include regulatory approvals and shareholders’ consent where necessary. The partners expect to complete the transaction within three months after removing these conditions. The agreement includes an automatic one-month extension option.
According to official statements, the development will comply with applicable engineering and safety standards. These standards align with Malaysia’s industrial zoning and environmental regulations.
The project remains in preliminary stages. The companies have not yet disclosed detailed construction timelines. However, they have emphasised cooperation with local authorities. The aim is to minimise disruption to traffic patterns and uphold occupational safety standards throughout the development lifecycle.
To date, police and fire departments have reported no incidents related to the project. This indicates compliance with prevailing regulations during the acquisition and planning phases.
The development has attracted industry attention and discussion on social media platforms
Industry observers have described the partnership as a strategic move. They note its role in unlocking KLK Land’s industrial land bank in Kulai. This land forms part of a broader master-planned township covering roughly 2,500 acres. The township will integrate industrial, commercial, and residential components over time. It will augment Johor’s evolving industrial landscape and economic ecosystem.
On social media, discussions have focused on potential job creation and increased industrial capacity. Commentators also note implications for regional logistics growth. Analysts continue to highlight the Johor-Singapore Special Economic Zone as an important corridor for Malaysia’s manufacturing and trade sectors. Ongoing infrastructure projects reinforce the state’s attractiveness for investment.
At the same time, discussions include concerns about traffic flow management. They also emphasise the need for construction activities to comply with national safety regulations.
This industrial development will influence both immediate local activity and long-term regional growth
In the short term, construction activity may affect traffic congestion in Kulai and surrounding areas. Local traffic management authorities will need to coordinate closely. Engineering teams are expected to implement phased construction plans. These plans aim to control safety risks and minimise disruption.
Over the longer term, the project is expected to enhance Malaysia’s industrial capacity. It will provide infrastructure for anchor industrial companies and their supply chains within the JS-SEZ.
The initiative supports national industrial development priorities. It fosters an integrated industrial platform connecting manufacturers, logistics operators, and value chain partners. The inclusion of logistics hubs and warehouse facilities further aligns with Malaysia’s export-oriented growth goals. Safety standards and environmental compliance will remain key considerations. These factors will sustain the project’s operational viability and contribution to long-term economic growth.
Location: KUALA LUMPUR
Date: 2025-12-19
