AME Elite buys Pontian land for RM200mil
KUALA LUMPUR: AME Elite Consortium Bhd is acquiring 71.43 hectares of freehold land in Pontian, Johor for RM199.8 million cash.
AME Elite Consortium Bhd is purchasing 71.43 hectares of freehold land in Pontian, Johor for RM199.8 million in cash. The property, situated in Jeram Batu and part of the Johor-Singapore Special Economic Zone (JS-SEZ), includes access to the Malaysia-Singapore Second Link Expressway. The industrial space solutions provider claims the acquisition will bolster its development presence in Johor and enable it to capitalize on rising demand for industrial space among investors and manufacturers.
AME Elite's executive director and CEO, Dylan Tan Teck Eng, stated the move will allow the group to take advantage of growing foreign and domestic investment in Johor. The company already has a strong foothold in three key economic regions of Peninsular Malaysia, but Johor remains central to its expansion strategy. Through its integrated development model, AME Elite transforms untapped strategic land into higher-value industrial ecosystems.
The acquisition, funded by internally generated funds, is scheduled for completion in the first half of 2027 and follows a March land deal in Senai for 12.9 hectares, totaling RM101.2 million in cash. Altogether, the two acquisitions will add over 80.9 hectares to AME Elite's 119.5-hectare land bank and expand its industrial presence across Johor, Penang, and Selangor.
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