This article first appeared in The Edge Malaysia Weekly on December 8, 2025 - December 14, 2025

KULIM Technology Park Corp Sdn Bhd (KTPC), the developer and manager of Kulim Hi-Tech Park, is close to acquiring 500 acres of land next to its land bank, sources familiar with the matter tell The Edge.

It is also learnt that KTPC, a wholly owned unit of Perbadanan Kemajuan Negeri Kedah, or the Kedah state economic development corporation, has already lined up parties to take up parcels of the 500 acres, as demand has been strong at Kulim Hi-tech Park.

When contacted, a senior official from Kulim Hi-Tech Park declined to elaborate, merely saying, “We will make the necessary announcement when the time is right.”

A source, however, says the acquisition from a private company should be concluded soon, and development work on the land is likely to commence in the third quarter of next year. “The new piece of land is strategically located, it’s just behind Kulim Hi-Tech Park’s Phase 1 development and it’s actually directly connected to the phase, and I know talks have already commenced [between Kulim Hi-Tech Park] with potential companies looking to establish a presence there.”

Of Kulim Hi-Tech Park’s existing 5,557-acre land bank, about 2,200 acres comprising Industrial Zone Phases 1, 2, 3 and 4 are almost fully leased. The acreage does not include non-industrial elements allocated for recreational, residential, research and development training, and public institutions.

At Industrial Zone Phase 4A, measuring 247 acres with 10 industrial lots, land clearing and infrastructure development are being carried out.

In a nutshell, there is very little land available in Kulim Hi-Tech Park as more than 50 clients have set up manufacturing facilities. In March last year, KTPC was in negotiations with Boustead Plantations Bhd to acquire some 1,200 acres in two tranches for some RM400 million, but talks are understood to have stalled.

Back in July, property investment outfit Pelaburan Hartanah Bhd, a wholly owned unit of Yayasan Pelaburan Bumiputera, forked out a total of RM247 million for prime industrial properties in Kulim Hi-Tech Park and Port of Tanjung Pelepas in Johor. The 12-acre piece in Kulim was acquired from KPTC and included a four-storey main building and a single-storey warehouse, which is being leased to Schott Glass, a global speciality glass manufacturer.

In September this year, Aman Cove Sdn Bhd, a joint venture between Aman Setia Group and Imperio Group, inked a sales and purchase agreement with KTPC to purchase 69.95 acres of commercial and residential land for RM67 million. It would build a township with an estimated gross development value of RM650 million over 12 years. At end-October, Taiwanese electronic components player Ichia Technologies Inc set up its second manufacturing facility at Kulim Hi-Tech Park with an investment of RM490 million.

To put things in perspective, Kulim Hi-Tech Park, which started operations in 1996, has been attracting both local and multinational companies looking to set up operations here, with some of the more well-known companies being Intel Products (M) Sdn Bhd; AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd; Infineon Technologies (Kulim) Sdn Bhd; SilTerra Malaysia Sdn Bhd, which is controlled by Dagang Nexchange Bhd (KL:DNEX); and OSRAM Opto Semiconductors (Malaysia) Sdn Bhd.

From its inception in 1996 until end-2023, the total investment value into Kulim Hi-Tech Park has added up to nearly RM147 billion. Some of the sectors KTPC has been focusing on include wafer fabrication, the semiconductor industry, electrical and electronic engineering outfits, alternative energy companies, biotechnology, medical and life sciences, and services and supporting industries.

As at end December last year, KTPC had total assets of RM1.23 billion and total liabilities of RM535.94 million. Retained earnings stood at RM633.85 million, up from RM551.48 million the year before. For the financial year ended December 2024, KTPC raked in RM95.93 million in after tax profits on the back of RM177.81 million in revenue.

For FY2023, KTPC registered after tax profits of RM41.87 million from RM179.11 million in revenue. Over the past five years, KTPC has paid out RM27.5 million in dividends. 

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