PETALING JAYA (Oct 26): Sime Darby Property Bhd has launched Hamilton City in Nilai, Negeri Sembilan on Tuesday, in a bid to develop the new growth corridor in Malaysia Vision Valley 2.0 (MVV 2.0).
The 2,723-acre Hamilton City is a full-fledged managed industrial township in MVV 2.0 that focuses on medium- to heavy manufacturing-based industries to drive direct investments into the development, as well as to generate socio-economic improvement in the township, according to Sime Darby Property.
Sime Darby Property group managing director Datuk Azmir Merican said in a press release: “We continue to grow the company’s industrial and logistics development segment by leveraging on rising global e-commerce trends and the market’s demand for better industrial warehousing products.
He said: “Hamilton City features convenient access to the North-South Expressway (NSE) and NSE Central Link (ELITE), as well as the Nilai-Labu Expressway (NLE) which will be opening in the future.”
“These expressways will connect Hamilton City to major logistics hubs such as the Kuala Lumpur International Airport and Port Klang, a signature of Sime Darby Property Industrial products located strategically in City of Elmina, Bandar Bukit Raja and Serenia City, among other locations,” said Azmir, adding that Hamilton City serves as an attractive option for businesses seeking efficient production or warehousing options outside the Klang Valley.
Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun said: “Leveraging on MVV 2.0, the state government has devised a plan to stimulate the local economy by targeting key industry players that are able to make an overall impact. I am confident that Sime Darby Property’s projects will be catalysts to the development of MVV 2.0. Hamilton City is now ready for the next phase and will propel Negeri Sembilan into developing as a sustainable city by 2045.”
Hamilton City will be developed by Sime Darby Property in four phases, with Phases 1, 2 and 4 focusing on medium and heavy industrial activities, while Phase 3 will be specifically developed for light industry comprising detached and semi-detached factories with a managed industrial park concept.
According to Sime Darby Property, the series of mixed industrial developments will suit different businesses, further driving the creation of thriving industry-led communities. It is also expected to create job opportunities for the population of 740,000 living within and around the township.
Meanwhile, Sime Darby Property successfully recorded a 100% take-up rate for the launch of the first product in the development earlier in June this year. The launch comprised industrial lots with sizes up to nine acres, in which 42 lots were sold to local and international companies. Hamilton City will also be home to a recreational landscaped park, thoughtfully designed for a greener working environment, with a dedicated jogging path along the lake.
The launch of Hamilton City industrial township advances the company’s strategic growth plans to transform Sime Darby Property into a real estate development company by 2025.
Additionally, Sime Darby Property has recently announced the formation of a joint venture with LOGOS Property to establish a fund management platform to manage funds for the logistics sector, as well as to provide development services as part of its growth in this sector.