KUALA LUMPUR: Main Market-listed Chin Hin Group Property Bhd (CHGP) has formally entered the industrial property development segment with The NeX, a landmark integrated industrial-commercial hub in Kota Damansara with an estimated gross development value (GDV) of RM449.4 million, following shareholders’ approval of the group’s RM66 million acquisition of a 16,222 square metre leasehold industrial site.
The NeX will comprise 242 ware-house units across nine storeys offering a modern, vertically integrated business ecosystem tailored for SMEs, logistics operators, distributors, e-commerce players, showroom operators and light industrial users.
Unlike conventional industrial developments, The NeX integrates business functionality with lifestyle-oriented amenities including a rooftop lounge garden, gymnasium, pickleball court, event hall, conference facilities and ample parking.
The acquisition broadens CHGP’s development portfolio beyond its traditional residential and commercial segments, while increasing the group’s total development pipeline to about RM6.3 billion across 11 ongoing projects.
Executive director and group CEO Chang Tze Yoong said, “Our entry into the industrial segment is a strategic expansion that strengthens CHGP’s development capabilities beyond residential and commercial real estate. We approached this opportunity with discipline, undertaking extensive market evaluation before committing to this acquisition.
“The site’s location within a mature industrial corridor, combined with excellent expressway connectivity and limited supply of quality industrial space, positions The Nex to capture sustained demand from a growing base of businesses.
“The NeX is designed for the evolving needs of modern enterprises, offering scalable industrial units complemented by facilities and amenities that enhance productivity, collaboration and operational efficiency.
“While residential development remains the cornerstone of our growth strategy, this project establishes a complementary growth avenue that allows us to participate in an attractive and growing segment, while lever-aging the same development expertise and long-term value creation approach that have underpinned our success.”
The NeX sales gallery was officially opened in June 2026, providing prospective purchasers and investors with an early preview of the development.
The project has received encouraging market interest since the opening of the sales gallery.
Subject to the relevant authorities’ approvals, the development is expected to be completed by 2029.
