PGF Capital unveils RM3b integrated township project in Proton City

PGF Capital unveils RM3b integrated township project in Proton City


at Business | News

PGF Capital Bhd has unveiled plans for a self-sustaining integrated township project with an estimated RM3 billion gross development value (GDV) adjacent to the Automotive High-Tech Valley (AHTV) in Proton City, Tanjong Malim, Perak.

Spanning 161.87 hectares, the township aims to create a harmonious and sustainable living environment over 10 to 15 years.

The comprehensive development includes residential and commercial units, agriculture plantations, aquaculture activities, eco-tourism, an eco-retreat, and lifestyle communities, including a retirement and wellness village.

Leveraging AHTV’s potential, PGF Capital aligns with China’s automotive powerhouse Zhejiang Geely Holding Group’s RM46.8 billion investment.

The master plan envisions a vibrant community with integrated amenities and infrastructure.

PGF Capital has signed a joint venture agreement with Malvest Properties Sdn Bhd for Phase 1, featuring an estimated GDV of RM600 million and highlighting technology integration for sustainable living, including electric vehicles, AI-enhanced security systems, and solar energy adoption.

The development plan awaits approval from the Perak state government, with the first phase targeted for launch in 2024. –TMR

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