Media release: Setia Awan Land Launches Tanjong Malim Hi-Tech Park, Marking a New Milestone in Perak’s Industrial Growth
Tanjong Malim, 21 September 2026 – Setia Awan Land Sdn. Bhd. (Setia Awan) today officially launched Tanjong Malim Hi-Tech Park, its first industrial development, together with Ionera, the development’s commercial component, marking a significant milestone in the Company’s diversification and in Tanjong Malim’s emergence as an automotive and industrial hub.
The launch was officiated by YAB Dato’ Seri Saarani bin Mohamad, Menteri Besar Perak, and attended by representatives from the Federal and State governments, industry partners, investors, bankers, purchasers, educational institutions and members of the business community.
Spanning 447 acres with an estimated gross development value (GDV) of RM1.4 billion, Tanjong Malim Hi-Tech Park is being developed as a sustainable industrial ecosystem comprising industrial land, a commercial component and supporting facilities.
Located close to Proton City and within the wider Automotive High-Tech Valley (AHTV) growth corridor, the development is positioned to support manufacturers, automotive suppliers, technology companies, logistics providers and other businesses, including those beyond the automotive sector, seeking to establish or expand their operations in Tanjong Malim.
The wider Tanjong Malim area is also seeing growing automotive activity, anchored by Proton, its strategic partnership with Geely and the expected presence of other automotive players, further strengthening the area’s position as an emerging automotive and advanced manufacturing hub.
Setia Awan Director Dato’ Marcus Doh said the development reflects the Company’s vision of going beyond the provision of industrial land.
“Our vision for Tanjong Malim Hi-Tech Park is to build an industrial ecosystem that supports businesses over the long term, with the infrastructure, commercial amenities and supporting services they need to establish, operate and grow,” he said.
Phase 1 encompasses 104 acres, offering infrastructure-ready industrial land parcels from five acres, with both sale and lease options available.
Phase 1 has recorded a 50% take-up rate to date, with confirmed investors including Ningbo Fresh Technology Co., Ltd. and Sheentech Automotive Systems Sdn.Bhd., amongst others, demonstrating early market confidence in the development.
The launch also marked the introduction of Ionera, the 27-acre commercial component of Tanjong Malim Hi-Tech Park. Comprising 168 commercial units, Ionera is intended to provide food and beverage, retail and other daily services for businesses, employees, visitors and the surrounding community.
Since opening for registration, Ionera has recorded over 100 registrations and bookings, reflecting early market interest in the commercial offering.
The momentum was further reinforced by the signing of a Memorandum of Understanding (MoU) with Billion Group, Ionera’s anchor tenant, on 17 September 2026. At the launch, Setia Awan formalised a series of MoUs with several other Ionera tenants across a range of sectors, including services, food and beverage and healthcare. The agreements represent an important milestone in strengthening the range of supporting services and amenities within Tanjong Malim Hi-Tech Park.
Under a collaboration with a reputable EV charging provider, Tanjong Malim Hi-Tech Park is expected to provide EV charging infrastructure with a combined capacity of 5 megawatts.
For Setia Awan, Tanjong Malim Hi-Tech Park also marks an important step in broadening its development portfolio following more than three decades of experience in residential and mixed-use development.
“The progress we are seeing, from the take-up rate of Phase 1 to the partnerships established across the development, gives us confidence in the long-term potential of Tanjong Malim Hi-Tech Park. As we grow our presence in the industrial segment, we look forward to building on this momentum together with our investors, partners and the wider business community,” said Dato’ Marcus Doh.
— end of media release —
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