In a major corporate real estate move that highlights the ongoing value of industrial land in our area, Ajiya Bhd has announced the sale of a prime industrial property located right here in Puchong. Through its subsidiary, Ajiya Safety Glass Sdn Bhd, the company recently entered into a sale and purchase agreement to dispose of a single-storey factory accompanied by a two-storey office building to Esprit Care Sdn Bhd for a massive RM58 million.
Key Details of the RM58 Million Property Deal:
- The Property Specs: The industrial site features a gross built-up area of approximately 9,839.52 square metres and is roughly 22 years old.
- High Market Premium: The RM58 million sale price represents a significant 45% premium over the property’s recent RM40 million market valuation, which was independently assessed by CBRE WTW Valuation & Advisory in September 2026.
- Strategic Corporate Move: Ajiya stated that this major asset disposal is part of the group’s ongoing business consolidation strategy, which is aimed at centralising its overall operational footprint.
- Financial Gains: The group expects to record an estimated gross pro forma gain of RM25.45 million from this local transaction.
For the Puchong community, massive multi-million ringgit transactions like this signal strong, continued commercial interest in our local industrial zones. As older factories change hands and new corporate owners step in, it often leads to neighborhood revitalization, potential new job opportunities, and shifts in local commercial traffic as operations are centralized or repurposed.
With older industrial properties in Puchong being bought up at premium prices, what kind of new businesses or commercial developments would you prefer to see taking over these large factory spaces in our township?
Source:The Star
2026-10-04T16:00:00Z