KUALA LUMPUR (Feb 9) — Melaka Corporation (MCorp) and Teladan Group Bhd have officially launched Phase 1 of the German Technology Park (GTP) in Jasin, a 418-acre industrial development that represents the state’s first managed industrial park (MIP).
At the launch ceremony, Riverwell Resources Sdn Bhd, a wholly owned subsidiary of Teladan Group, was confirmed as the master developer for the first phase. MCorp will serve as the exclusive partner responsible for promoting and marketing 22 industrial plots designated for purpose-built and built-to-suit facilities.
Phase 1 covers about 121.7 acres and includes 45 terraced factories, 64 semi-detached factory units, a centralised workers’ accommodation facility and 22 industrial plots. Factory land parcels range from roughly one to three acres, with indicative pricing starting at about RM60 per square foot.
The remaining 296.9 acres under Phase 2 are slated for joint development by Jakel Group and Franky Land Sdn Bhd, reflecting a multi-developer approach intended to accelerate the park’s overall growth.
Teladan Group chief executive officer Allan Ngu said early response to Phase 1 has been encouraging, with take-up rates already estimated at between 50% and 60%, largely driven by domestic investors. He added that the group expects stronger momentum once subsequent phases are introduced to the market.
Melaka Chief Minister Datuk Seri Ab Rauf Yusoh explained that the concept for the industrial park was inspired by a visit to Germany in 2023, with the objective of positioning Melaka as a centre for German-linked investment, technology transfer and advanced manufacturing collaboration. While the development is designed to attract German companies, it also welcomes firms involved in German supply chains or using German engineering standards.
The park is being designed to support research- and technology-driven industries, including automation, electrical and electronics (E&E), medical devices, green technology, aerospace components and information and communications technology (ICT).
Ab Rauf also highlighted the state’s investment performance, noting that Melaka recorded approximately RM8.8 billion in approved investments in 2024, exceeding earlier targets. The state government is now aiming to attract RM10 billion in investments annually by 2030.
Large-scale industrial parks such as GTP reflect a broader national trend of states competing to attract high-value manufacturing and logistics investments. Similar dynamics continue to shape demand in the Klang Valley, where investors and occupiers actively seek industrial land in Selangor, factories in Puchong, and industrial property in the Subang area due to their established infrastructure and proximity to major transport networks. At the same time, supporting corporate functions and regional headquarters sustain demand for commercial property in KL and office space in Bukit Jalil, especially among companies expanding their operational footprint in Malaysia.
As managed industrial parks become more prominent across different states, developers and investors will likely continue monitoring how infrastructure quality, incentives and ecosystem planning influence the competitiveness of industrial locations nationwide.
Singapore