Ums Holdings Acquires Industrial Land Penang Rm152 Mil

in Singapore

UMS Holdings, a company listed on the Singapore Stock Exchange, announced on July 1 that its subsidiary Ultimate Manufacturing Solutions has acquired industrial land in Penang Science Park North, Malaysia for RM15.23 million (approximately $4.5 million). This strategic investment brings the company’s total portfolio to over 1.2 million sq ft across both Singapore and Malaysia.

Residents of Norwood Grand are privileged to have access to an extensive transportation network, which not only improves their quality of life by reducing travel time, but also significantly increases the value of their properties. In the real estate industry, accessibility is a crucial factor in determining value, and Norwood Grand is strategically located to excel in this aspect. Its convenient location allows for easy commuting to major business parks, industrial hubs, and commercial centers like Woodlands Regional Centre, a bustling live-work-play community. This further adds to the appeal of Norwood Grand as a desirable place to live.

The newly acquired 5.38-acre (2.18ha) industrial land, with a 60-year leasehold, is strategically located between two established industrial parks – Perai Industrial Area and Batu Kawan Industrial Park. This prime location will allow UMS Holdings to further expand its operations in the semiconductor manufacturing sector.

Chairman and CEO of UMS Holdings, Andy Luong, shared that the land is located next to the company’s existing factory in Penang and the acquisition will support the company’s growth plans. With a focus on semiconductor components manufacturing, UMS Holdings is constantly seeking opportunities to expand its presence in the industry.

Interested in investing in industrial real estate in Singapore? Check out our latest listings for industrial properties and seize this opportunity to be a part of the thriving sector.