This is definitely a catalyst for Negeri Sembilan and Port Dickson. Not just economically but will definitely extend into the property market as well. The Malaysia Vision Valley (MVV) 2.0 was unveiled by Negeri Sembilan Menteri Besar Aminuddin Harun. It’s a state-led private sector-driven development spanning across 153,411ha in Seremban and Port Dickson. According to the Negeri Sembilan government and Sime Darby Property, MVV 2.0 aspires to deliver economic impact on Malaysia by bringing in international and local investors, creating job and business opportunities.
Aminuddin said, “The preparation for MVV 2.0 is inclusive as it provides an opportunity for the surrounding communities to give their views and ideas for the overall planning of MVV 2.0.” The first phase of the MVV 2.0 will be Sime Darby Property’s plan to develop a high-technology and industrial park within the development. Sime Darby Property currently owns 2,838 acres (1,148.5ha) within MVV 2.0 and has the option to acquire another 8,796 acres from Sime Darby Bhd within five years from the date of its listing. The first phase of MVV 2.0 spans over a 30-year development period covering 27,000 acres.
“Sime Darby Property will be undertaking this project as the master developer, which allows us to extract and enhance the value of our land bank within the MVV 2.0 development area,” said Sime Darby Property chairman Tan Sri Dr Zeti Akhtar Aziz. “We will take on key projects that will become among the principal drivers of the country’s future economic growth and social development. The company’s significant role in MVV 2.0 is a continuation of our commitment towards the development of Negeri Sembilan,” she added. Article in Edgeprop.my here.
Currently, many potential buyers of properties in Seremban and surrounding areas are working in Kuala Lumpur / Selangor. When MVV 2.0 is up and running, then the professionals may be working and living nearby instead. This is good for the whole region because when the developments are spread over a much wider area, property prices do not rise as fast and Malaysians will have ever more choices too. Now, just have to wait for ever more details as well as more timelines of completion of these catalyst projects. Happy believing.
written on 15 Dec 2018
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