Property Development


Manifesting property development as one of the three core business areas is a testament to PKNP Group’s commitment in strengthening this sector as an enabler to economic growth.


Acknowledging the importance of ensuring property products are delivered in the right location, of the right type and at the correct time, PKNP Group responses to the need for better wellbeing of communities in the state by promoting inclusive development. 


As the property industry plays both catalytic as well as supporting roles to economic performance, PKNP Group will remain a significant player in Perak’s property landscape.


Regional Development


The Potential

With over 5 million acres of land and 10 administrative districts covering various industries and communities, Perak’s location and demographics exhibit abundant potential for accelerated development.  Perak has in various stages, planned to increase and improve regional connectivity.  An example would be the construction of a new West Coast Highway connecting Taiping in Perak to Banting in Selangor.

One of PKNP Group’s mission is to act as the prime mover to the state’s economic growth.  Apart from concentrating in developed areas, PKNP Group also places key emphasis on new growth regions with huge potentials.  PKNP Group has pledged to implement developments even in lowly developed regions and has laid down transformative plans to attract private sector participation with the support of both state and federal government.  

Accompanying regional comprehensive development plans with implementation mechanism and guidelines, PKNP strives to ensure proper progress and facilitation in regional development for continuous growth of the state.

South Perak Region holds massive opportunities for economic development on a regional scale and PKNP has been tasked to be the main driver for the region's economic progress. PKNP through its subsidiary, Perak Corporation Berhad (“PCB”) will be committed to be a key player in the South Perak Region Development. It plans to develop new townships, commercial areas and industrial developments in this region. Complemented by the spill over effect from Greater Kuala Lumpur, other strong supporting factors for development here include the availability of land, rich natural environment and existing tourist attractions.

In the pipeline is the new township of Rungkup Port City which is expected to spur economic growth in the State. Encompassing administrative townships, commercial areas and educational and information technology hubs, it will also lead to the expansion of logistics and infrastructure, hospitality and tourism as well as education.


Sowing New Seeds for Growth

Being a state agency which takes the driver’s seat in propelling economic growth, PKNP Group adopts a holistic approach in regional development.  Sanctioned to be the critical support in transformative development, selected dominant industries are being identified and plans are being developed to capitalise and attract inward investments for accelerated growth. 


PKNP Group aims to achieve the optimum mix of demand-driven industries placements via combination of experiences from strong track records, sound management skills, and unique collaborative position with federal agencies and other state agencies.  PKNP Group aims to make Perak’s existing and new regions to become highly conducive for all investments.

Industrial Development


Driving the Economy

Industrial estate development is a catalytic agent in bringing development that pulls support industries to form cohesive ecosystems which adds value in meeting compelling economic sector needs.


In 2013, 54 industrial projects were approved in Perak involving USD720 million in capital, of which 63% was foreign investment.


PKNP Group has identified and categorised main sectors of industries to concentrate its efforts on. These categories are divided into namely General Industries, Hi-Tech Industries and Aerospace Industries. 


Perak's Industrial Hub

PKNP Group’s decision to concentrate and develop on the key categories of industries is supported with great understanding that they fit strategically with Perak’s abundant resources.  PKNP Group’s overarching plans include developing synergistic ecosystems within these industrial parks, accommodating future initiatives, and targeting more value add and cohesiveness within and around industrial estates in Perak.


PKNP Group has to-date developed a total of no less than 8,000 acres under its Industrial Development initiative.  An exciting 11,000 acres have been slated to add to its already evident industrial estate development.  This includes the expansion plan for Lumut Port Industrial Park (LPIP) which at the moment is home to both local and foreign investors such as Petronas, Tenaga Nasional Berhad, Tasek Cement, YTL Corporation, Lafarge and Wolcom.  Other notable industrial parks development are Kamunting Raya Industrial Park expansion and upcoming development of Seri Iskandar Industrial Park.