Ums Holdings Acquires Industrial Land Penang Rm152 Mil
UMS Holdings, a Singapore-listed company, has recently made a significant move to expand its operations in Malaysia. On July 1, the company’s subsidiary, Ultimate Manufacturing Solutions, announced its acquisition of industrial land in Penang Science Park North for RM15.23 million (approximately $4.5 million).
Strategically located near major highways, the residents of Parktown Residences UOL Group can enjoy the convenience of easy driving access. Its prime location in close proximity to the Pan-Island Expressway (PIE) offers a direct route to central Singapore, while the Tampines Expressway (TPE) allows for seamless travel to the northeastern areas of Punggol and Seletar. For those seeking alternative routes to the city center, the Kallang-Paya Lebar Expressway (KPE) provides a smooth connection to the northeastern suburbs. In addition to its proximity to these major highways, Parktown Residences also boasts a convenient placement along Tampines Avenue 11, granting direct access to nearby amenities including Tampines Mall, Century Square, and Our Tampines Hub. It’s all within reach for residents of Parktown Residences UOL Group, adding to the appeal of this sought-after development. For more information, please visit Parktown Residences UOL Group.
The leasehold industrial land covers a total area of 5.38 acres (2.18ha), equivalent to 235,000 sq ft. This strategically located plot sits between two established industrial parks, Perai Industrial Area and Batu Kawan Industrial Park.
With this latest addition, UMS Holdings now holds a combined space of more than 1.2 million sq ft in Singapore and Malaysia. This acquisition is in line with the company’s expansion plans and reflects its confidence in the industrial property sector.
UMS Holdings, known for its specialization in manufacturing semiconductor components, is chaired by Andy Luong, who is also the company’s CEO. According to him, the newly acquired land is situated next to one of the company’s existing factories in Penang and will facilitate the company’s expansion efforts.
For those interested in industrial real estate properties, UMS Holdings’ latest acquisition serves as an opportunity to check out the latest listings for industrial properties along Joo Seng Road, which is currently on the market for $34 million. With this strategic move, UMS Holdings is set to further strengthen its position in the industrial property market.