Elmina Business Park Phase i25: Kitacon Wins RM54.87m Job to Build 14 Detached Factories for Sime Darby Property

Key Takeaways

• Kitacon Sdn Bhd, a unit of Kumpulan Kitacon Bhd, accepted a RM54.87 million contract on 7 November 2026 from Sime Darby Property (Elmina North) Sdn Bhd to build Phase i25 at Taman Perdagangan Elmina, Selangor.
• Phase i25 is 14 two-storey detached factories (10 Type A, two Type B, two Type C). Each has a refuse chamber and an EV charging bay, and the phase adds one main switch station and two distribution substations.
• Works start on 30 November 2026 and run about 22 months, which points to completion around September 2028 if the schedule holds.
• Unit sizes, prices, the power supply for each unit and whether the factories will be sold or leased have not been disclosed.
• JPPH-registered factory sales in Elmina Business Park (recorded as Kota Elmina) had a median of RM5.98 million, or RM387 psf of land, in the 24 months to August 2026.

What Happened

Kumpulan Kitacon Bhd told Bursa Malaysia on 10 November 2026 that its wholly owned subsidiary, Kitacon Sdn Bhd, had accepted a letter of award on 7 November from Sime Darby Property (Elmina North) Sdn Bhd, a subsidiary of Sime Darby Property Bhd. The Malaysian Reserve puts the contract at RM54.87 million and The Edge Malaysia at RM54.872 million, for the construction and completion of Phase i25 at Taman Perdagangan Elmina.

As reported from the filing, the job covers:

The Star and the New Straits Times carried the same scope. The Edge and the NST place the project in Rawang. Taman Perdagangan Elmina is the Malay name for Elmina Business Park, the freehold industrial part of Sime Darby Property's City of Elmina, reached from the Guthrie Corridor Expressway (GCE). Our Elmina Business Park page shows how the state list files it: Kawasan Perindustrian Kota Elmina, under the Selayang council (MPS), in Gombak District, with addresses in 47000 Sungai Buloh.

Kitacon said the contract should add to its earnings and net assets from the financial year ending 31 December 2027 until it is completed.

Why It Matters

New first-hand detached stock. A developer building 14 detached factories at once adds a block of new units with no previous occupier, due around late 2028. For a manufacturer planning a move in 2028 or 2029, that is a real option to weigh against a ready unit today.

Power is part of the phase. The scope includes a main switch station and two distribution substations, so the electrical works are being built together with the factories rather than added later by each buyer. The reports do not say how many amps each factory will get. If you run heavy machinery, get the supply figure in writing before you commit. Our factory power calculator turns a machine list in kW into amps, so you can compare your load with what is offered.

The estate is filling up. Google's data centre in Elmina Business Park started operating on 19 October 2026, two years after construction began in October 2024. With a data centre already running in the same park, buyers of new factory phases will want their own supply confirmed on paper, not assumed.

EV charging is now part of the spec. Every Phase i25 unit comes with an EV charging bay. For a firm moving to electric vans or staff cars, that saves a later retrofit, though the reports do not give the charger rating.

What the Registered Data Shows

Prices for Phase i25 have not been published. The nearest guide is what has actually been registered nearby. The figures below are JPPH-registered transactions in the 24 months to August 2026. Every sale psf is per sq ft of land, not built-up area.

Detached factories in Gombak District had a typical registered range of RM5.7 million to RM15.5 million, on a median land area of 25,999 sq ft. Registered factory rents in the district had a median of RM1.79 psf a month across 169 tenancies, with a typical term of 24 months. The full tables are on our Gombak District transactions page.

These figures come before Phase i25 and say nothing yet about what the new units will cost. Compare like with like: a detached unit should be measured against detached deals, not the semi-detached median.

What It Means for Owners, Tenants and Buyers

If you plan to buy

The choice is a new detached unit around late 2028 or a completed unit now. Weigh when you need the space, the specs you cannot do without, and the price per sq ft of land against the registered figures above. When Sime Darby Property releases details, ask for the land area, built-up area, power supply in amps, floor loading, ceiling height, loading bays, the expected date of the Certificate of Completion and Compliance (CCC), and the category of land use and express conditions on the title.

If you rent in the area

Registered leases in Gombak District typically run 24 months, so a lease signed now ends close to when Phase i25 is due. If you might move into a new unit later, keep a renewal option and a fair notice clause, so you are not forced to decide before the new factories are ready.

If you own a factory in Elmina or Sungai Buloh

New detached units will compete for the same buyers and tenants around 2028. Buyers comparing a new unit with yours will ask first for the TNB bill that shows your supply, the CCC, the Bomba fire certificate and the title. Have them ready.

Practical Next Steps

1. Note the timeline: works from 30 November 2026, for about 22 months.
2. Write down your must-have specs before any launch: amps, floor loading, ceiling height, loading bays and yard space.
3. Check the council on the title. Kota Elmina is listed under the Selayang council, while a separate Elmina area falls under Shah Alam.
4. Compare any asking price with JPPH-registered deals for the same factory type.
5. Send us your brief through find me a factory and we will track Phase i25 alongside resale units that fit.

Frequently Asked Questions

What is Phase i25 at Elmina Business Park?

Phase i25 is a block of 14 two-storey detached factories at Taman Perdagangan Elmina, Selangor, for Sime Darby Property (Elmina North) Sdn Bhd. It has 10 Type A, two Type B and two Type C units. Each unit has a refuse chamber and an EV charging bay, and the phase includes one main switch station and two distribution substations.

Who is building the 14 detached factories, and for how much?

Kitacon Sdn Bhd, a wholly owned unit of Kumpulan Kitacon Bhd, accepted the contract on 7 November 2026. The contract sum is RM54.87 million. Kitacon disclosed the award to Bursa Malaysia on 10 November 2026.

When will the new Elmina factories be completed?

Works start on 30 November 2026 and are expected to take about 22 months. If the schedule holds, that points to completion around September 2028. Handover and the CCC follow the developer's own timetable, which has not been announced.

Is Elmina Business Park freehold?

Sime Darby Property sells Elmina Business Park as freehold. Confirm the tenure, category of land use and express conditions on the individual title before you sign. The park is listed under the Selayang council, while a separate Elmina area is under Shah Alam.

How much do factories in Elmina Business Park cost?

Phase i25 prices have not been announced. JPPH registered 104 factory sales in Elmina Business Park (recorded as Kota Elmina) in the 24 months to August 2026, at a median of RM5.98 million, or RM387 psf of land. Detached factories across Gombak District had a median of RM8.6 million.

FactoryHub is dedicated to helping every client find the right factory or warehouse. For factories in Elmina, Sungai Buloh and Rawang, call or WhatsApp Jason Low (PEA 1478) at 012-288 1834 or Peter Tan (REN 12771) at 016-666 6872.