Negeri Sembilan is fast emerging as a key growth frontier for property developers, with Sime Darby Property Berhad (Sime Darby Property) taking a pivotal role in spearheading large-scale development in the region through the Malaysia Vision Valley 2.0 (MVV2.0) initiative.
MVV2.0, a catalytic development corridor under the National Physical Plan, aims to unlock the economic potential of southern Klang Valley by transforming Negeri Sembilan into a dynamic extension of Greater Kuala Lumpur. Central to this initiative is Sime Darby Property’s strategic activation of its landbank in Nilai and Labu.
The company currently retains approximately 4,000 acres of developable land within MVV2.0, with a projected gross development value (GDV) of RM16 billion. This landbank serves as a key lever in advancing the long-term viability of the corridor.
According to TA Securities, Sime Darby Property’s management views Negeri Sembilan as a rapidly emerging investment destination, offering industrial land at roughly half the cost of comparable sites in Selangor, while benefiting from superior infrastructure connectivity. This favourable cost-accessibility dynamic is contributing to the state’s growing appeal among industrial and logistics players.
This strategic shift is increasingly evident in the company’s sales performance. Negeri Sembilan accounted for 20 per cent of Sime Darby Property’s total property sales in the most recent quarter—quadrupling its average contribution of five per cent in FY2024.
Two projects underscore this rising prominence. Hamilton Nilai City has seen robust demand, while Vision Business Park (VBP), a 760-acre integrated industrial and commercial estate launched in April, has received encouraging early market response. VBP carries a projected GDV of RM2.4 billion and is positioned to serve as a hub for logistics operators, light manufacturers and technology-led enterprises.
Strategically located near key infrastructure assets such as KLIA, KLIA2, the Nilai Inland Port and the North-South Expressway, VBP offers a range of product offerings including ready-built factories, industrial plots, research and development facilities, and commercial shop offices.
As Sime Darby Property continues to anchor its growth strategy in high-potential corridors like Negeri Sembilan, its role in shaping Malaysia’s next-generation industrial ecosystem appears increasingly significant.
-Business Times
