Ideal Capital in RM700mil funding for PTP project

Ideal Capital Berhad has secured a RM700mil financing facility from OCBC Bank (M) Bhdfor its landmark Penang Technology Park (PTP)@Bertam project in Penang.

Spanning across 880 acres (356.12 hectares) of freehold land, the RM4.2 billion industrial property development recently began construction, with aims to establish a sustainable industrial park and attract high-tech industries to the region.

Once completed, it is expected to play a critical role in incubating local technology companies, and thus significantly contribute to the growth and development of the technology industry in the region, fostering innovation and promoting sustainable development.

Ideal Property Group Executive Chairman Tan Sri Alex Ooi Kee Liang said the funding will help the group accelerate its progress towards creating a sustainable industrial park that will not only attract high-tech companies, but also create a conducive environment for local enterprises and businesses from around the world to grow.

“The industrial park is a key component of our vision to drive economic growth and development in the region, and we are excited to collaborate with OCBC Bank to make this vision a reality. With this financing in place, we are confident that we can deliver an exceptional industrial property development that will benefit the local community and the generations to come,” he added.

Meanwhile, OCBC Bank Managing Director and Head of Corporate and Commercial Banking Jeffrey Teoh said the bank will also be offering an attractive end-financing package to qualified end purchasers of the industrial park.

“This will not only enhance the appeal of the development, but also strengthen its competitive edge, making it more attractive to a diverse range of industries seeking to establish their presence in the region,” he said.

  • Construction of customized / prefabrication of green technology manufacturing building and related manufacturing facilities.
  • To provide all type of services to investors.
  • Laison with local authority.
  • Laison with investors on land & building matters
  • Fast Track Approval
  • Solar as an ESG solution.
  • Solar system on dry detention pond. Initial power supply capacity: up to 26 MVA
  • Savings on energy costs & deliver long-term predictable financial returns.
  • Solar energy specialist services available for factory building.
  • Flexibility & alternative from non FTZ Zone.
  • Import & export tax exemption.
  • Fast track approval on business license from MIDA.
  • Top-of-the-line CCTV
  • Main road surveillance system
  • Police beat base
  • Security control centre
  • Attractive incentives, right and privilege offered by NCIA
  • Tax exemption.

Source: TM Berhad / Maxis

  • Fiber optics: 24 core lines
  • 5G network
  • Broadband / mobile service providers

Source: Perbadanan Bekalan Air Pulau Pinang (PBA)

  • Capacity: up to 3.5 million gallons per day (MGD)

Source: Tenaga National Berhad

  • Main supply 275/132kV
  • Features: reliable, stable, uninterruptible, near constant quality
  • Initial power supply capacity: up to 200 MVA
  • Investor may apply to TNB for higher power supply.

SEAMLESS INDUSTRIAL &
PROPERTY SERVICES

• One-Stop Centre offers an exclusive range of services to assist investors in setting up their businesses
• Park Management oversees the operations of the Park & manages industrial lan, building & facilities

READY CATCHMENT OF TALENTS

• Collaborations with top-notch institutions & agencies
• Population of more than 500,000 within a 15km radius

WORKER DORMITORIES/
CENTRALISED
LABOUR QUARTERS (CLQ)

Malaysia Federal Government
• Malaysian Investment Development Authority (MIDA)
• Northern Corridor Implementation Authority (NCIA)
• Jointly promote, attract & facilitate investments in PTP
• Incentives & Subsidies

Penang State Government
• Fast track approval from state department & agencies.
• Fast track construction permit (E10)
• Grant of industry park name “Penang Technology Park @ Bertam”

WELL-DEVELOPED INFRASTRUCTURE &
UTILITIES SERVICES

• Easy access to major routes & ports for seamless logistics and distribution networks
• Ready-to-go electricity, water supply & 5G high speed internet

PROXIMITY TO SEAPORT, AIRPORT & NEARBY AMENITIES

• East connectivity to the rest of the world via Penang Port (23km) & Penang International Airport (42km)
• Readily available amenities within the vicinity for convenience and higher investment value

EASY CONSTRUCTION FACILITATION

• Fast-track Construction Permit Process with a 10-month project milestone expedites the building construction process

COMPLETE LAND AUTONOMY (FREEHOLD)

• Higher appreciation value
• No state consent required for subsale / subletting
• No restriction in interest endorsement on land title

ATTRACTIVE GOVERNMENT INCENTIVES & SUBSIDIES

• Income tax exemption
• Investment tax allowance
• Exemption from stamp & import duties
• Wage subsidy*
     * Subject to individual company’s criteria & authority’s approval

GOVERNMENT SUPPORT TO BOOST INVESTMENT

• Federal Government (e.g. Malaysian Investment Development Authority [MIDA] & Northern Corridor Implementation Authority [NCIA]) to jointly promote, attract & facilitate investments, including the introduction of incentives & subsidies.
• Fast track approval from state department & agencies.
• Grant of industry park name “Penang technology Park @ Bertam”