[%phPy%] very good! it seems like property stocks in Penang could be due for another rerating. Especially those who could potentially unlock land sales value, like it happened in Johor. 

Today, [%Xebk%] gapped up. Congrats [%qhGi%]

@amandayapsy very good! it seems like property stocks in Penang could be due for another rerating. Especially those who could potentially unlock land sales value, like it happened in Johor. 

Today, $KLSE-TAMBUN gapped up. Congrats @Jay888

$TAMBUN / 5191 (TAMBUN INDAH LAND BERHAD)

PENANG DEVELOPMENT CORPORATION UNVEILS RM5 BILLION STRATEGIC PLAN

PDC CEO, Datuk Aziz Bakar, said they have 15 projects under its 2024–2028 strategic plan that will cost an estimated RM5 billion.
-	Start increasing their land bank now to be developed into industrial lands (est. deplete by 2030).
•	To attract more investors, so that when they come, the infrastructure is ready for them.

1.	Acquisition of land 
(a)	RM3 billion = To acquire the 3,000 acres of land in North, Central, and South Seberang Perai.

2.	Land reclamation to increase their land bank.
(a)	PDC is creating a complete ecosystem to support the industrial sector, which includes a distribution hub for logistics and workers’ quarters.
(b)	They have launched 4 workers’ quarters projects in the Bandar Cassia area – 1 developed by PDC, 3 more by private sector (can house >30,000 workers in the area)
-	One, in Penang Science Park North, is expected to be completed this August.
-	Another two, in Penang Science Park South and Batu Kawan Industrial Park 3 (BKIP3), are still pending planning approvals.
-	The fourth, located in Bandar Cassia, has been awarded to a developer to design and build before handing over to PDC.

3.	Development of Industrial Lands
-	The industrial lands PDC developed will be based on the “infra ready concept”, especially in BKIP3 and Batu Kawan Technology Park (BCTP).
(a)	An 80-acre land near the Penang International Airport will be developed into a logistics and distribution park.
(b)	A logistic hub will be developed on a 24.6-acre land in the Batu Kawan Industrial Park in Bandar Cassia.

4.	Other Projects
-	The PDC strategic plan is focused on land innovation, asset innovation, business sustainability and smart professional (LABS).
(a)	Developing a linear waterfront for mixed development on 200 acres of land, will be reclaimed in Bayan Lepas at a cost of RM760 million.
(b)	Develop a Medi-City project in Bandar Cassia, together with interested investors, to create an integrated medical hub at a cost of RM12 billion.

5.	Potential Beneficiaries
-	$KLSE-PARAMON , developer who owns 83 acres in Penang.
-	$KLSE-RAPID , Seberang Perai Selatan, 21.35 acres
-	$KLSE-SCIENTX , Seberang Perai Utara, 343.20 acres
-	$KLSE-SPSETIA , Seberang Perai Utara, 1691 acres
-	$KLSE-TAMBUN , Seberang Perai Selatan and Tengah, 420 acres


Sources:
https://www.malaymail.com/news/malaysia/2024/03/25/penang-development-corporation-unveils-rm5b-strategic-plan/125345
https://www.isquareintelligence.com/insights/landbanks-of-malaysia-listed-properties-companies?itemsPerPage=100