The Cabinet approved Port Klang's third terminal at Carey Island in March 2026 and SD Guthrie signed an MOU with MBI Selangor for up to 5,000 acres. Here is what is confirmed, what is not, and how it changes the case for industrial land on the island.
Carey Island has been talked about as a port site for years. In 2026 it stopped being talk.
On 11 March 2026, Transport Minister Anthony Loke announced that the Cabinet had approved the development of the third terminal at Port Klang, on Carey Island. The approval is in-principle, for the project to proceed under a public-private partnership (PPP) model, following a feasibility study that began in 2018 and has since been completed. The stated ambition is to turn Port Klang into a mega port capable of handling a very large TEU volume, and to make Malaysia a leading regional maritime hub.
On 16 March 2026, the Selangor state government said it was working to complete the Pulau Carey Port Development Master Plan following the Cabinet decision.
On 18 June 2026, Loke said the development can begin this year once land issues with the Selangor state government are resolved, with details being worked through the Public-Private Partnership Unit (UKAS).
The full build is expected to take close to 20 years, implemented in phases.
This is where a lot of marketing gets loose, so the honest version:
Anyone selling you island land on the promise of cranes next quarter is overselling it. The case that actually holds up is different, and stronger.
Three weeks before the Cabinet decision, on 26 February 2026, SD Guthrie Bhd signed an MOU with Menteri Besar Selangor (Inc). The MOU sets the framework for feasibility studies to master plan a minimum of 2,500 acres, with potential to expand to 5,000 acres, described in reporting as a critical component of the Carey Island Port project and sitting within the Carey Island Special Economic Zone.
The ownership fact underneath it matters more than the acreage: SD Guthrie owns over 28,600 acres, roughly 80% of Carey Island, including two palm oil estates, palm oil mills and a biodiesel plant. The MOU is a continuation of its diversification into industrial development, unlocking value from a strategic land bank.
Read those two announcements together and the island's trajectory is no longer speculative. A federally approved port, a state-backed SEZ, and the dominant landowner formally exploring industrial master planning, all inside five weeks.
1. Supply on this island is structurally tight. When one listed owner controls four fifths of the land bank, land is released on that owner's schedule and at that owner's price. Independently titled, already subdivided plots with an approved layout are the exception here.
2. The repricing happens long before the port opens. Port-adjacent industrial land does not wait for the first berth. It reprices on approvals, master plans and infrastructure commitments, which is exactly the stage this island is at now.
3. Infrastructure timing is the real risk, not the port. The question to ask a seller is not whether the port is coming. It is whether the specific plot has an approved layout, road access, utilities provisioning and a defined handover, because that determines whether you can actually build in the next 24 months.
4. Access matters as much as adjacency. Being on the island is worth little without a road. The committed SKVE interchange is what connects the southern end of the island to the South Klang Valley Expressway and onward to ELITE, KESAS, PLUS and the West Coast Expressway.
Most of Carey Island is not for sale in any practical sense, so the buyable inventory is narrow. On FactoryHub, current options on and around the island include raw larger parcels, existing factories, and one masterplanned park with subdivided plots.
The plots at Pulau Carey are the masterplanned option: roughly 610 acres across three phases, with 24 medium industrial plots of 2.14 to 2.98 acres currently released on a 67.85-acre parcel, indicative from RM75 psf, 5 km from the committed SKVE interchange and 25 km from Westport.
To see everything else currently listed, browse industrial land for sale in Pulau Carey and, for comparison on the mainland side, factories for sale in Port Klang and industrial land in Banting. If you want the psf numbers side by side, we compared them in Carey Island vs Port Klang vs Banting industrial land price.
We will go through all six with you on any island plot, including ones we are not the marketing agent for.
Yes. The Cabinet approved the development of Port Klang's third terminal at Carey Island on 11 March 2026, announced by Transport Minister Anthony Loke, to proceed under a public-private partnership model following a completed feasibility study that began in 2018.
No start date has been published. As of 18 June 2026 the Transport Minister said construction can begin once land matters with the Selangor state government are resolved, with details worked through the Public-Private Partnership Unit (UKAS).
It is to be implemented in phases over close to 20 years, positioned to maintain Malaysia's maritime competitiveness over the next 20 to 30 years.
SD Guthrie owns over 28,600 acres, about 80% of the island, including two palm oil estates, palm oil mills and a biodiesel plant. On 26 February 2026 it signed an MOU with Menteri Besar Selangor (Inc) to explore an integrated development of 2,500 to 5,000 acres within the Carey Island Special Economic Zone.
The SD Guthrie and MBI Selangor MOU covers a proposed development sitting within the Carey Island Special Economic Zone, alongside the planned third terminal for Port Klang.
That depends on whether the specific plot can actually be built on within your timeline. The port approval supports the medium-term land value case, but the practical questions are tenure, approved layout, utilities provisioning and handover date. Ask us for those on any plot you are considering.
Asking prices vary widely by whether the land is raw or infrastructure-planned. At Pulau Carey, subdivided plots of 2.14 to 2.98 acres are indicative from RM75 psf. Raw larger parcels on the island list lower. We compare the psf ranges across Selangor in our price comparison article.
These plots are marketed by CID Realtors Sdn Bhd, the industrial agency behind FactoryHub, through Peter Tan (REN 12771) and Jason Low (PEA 1478). Ask us for the plot availability chart, the net price after discount and a site visit.
| Agent | Licence | Mobile / WhatsApp | ||
|---|---|---|---|---|
| Jason Low | PEA 1478 | +6012-288 1834 | massiveaction | jasonlowlhj@gmail.com |
| Peter Tan | REN 12771 | +6016-6666 872 | peterindustrial | peterlife89@gmail.com |
We co-broke across the whole market, so if this park is not the right fit we will show you the comparable options too. Most enquiries get a reply within a few hours, and complex ones within two working days.
Focused on Malaysia industrial real-estate research and transactions across the Klang Valley and Nilai corridors. Every article is grounded in our own deal flow and licensed-agent sources.
RM 45,000,000
RM 89,000
RM 167,363
RM 17,000
RM 403,610
RM 14,000,000
Combining MATRADE's analysis on Malaysia's resilient 1H2026 trade, Stratus Global Holdings' IPO, Delta Electronics' new Johor Bahru office and AI forum in KL, and Vietnam's rising manufacturing appeal, this article examines the implications for Malaysia's industrial property sector. Key themes: semiconductor automation, data center growth, and foreign factory demand driving warehouse and factory investments.
UOB Global Economics & Markets Research says Malaysia's electrical and electronics sector is a key beneficiary of global supply chain restructuring triggered by US tariff escalation in April 2025. Separately, the Malaysian government is reconsidering incentives for foreign investment in data centre projects as part of a strategic rethink. These developments directly impact industrial property: rising E&E demand boosts need for high-spec factories, while data centre policy changes may slow large-scale land development. Investors and manufacturers should reassess location strategies.
Construction demand across Asia Pacific is surging, straining builders with labor shortages and rising material costs. This trend indirectly boosts Malaysia's industrial property sector, as tenants and investors focus on supply chain resilience, project timelines, and rental trends. This article examines the implications for Malaysian factories and warehouses.
IOI Foundation and MicFront successfully hosted Malaysia's largest public speaking event with over 1,000 participants, breaking the previous record of 605. Held on 4 5 July 2026 at IOI Mall Damansara, the event aimed for the Malaysia Book of Records. This article analyses the event's implications for the industrial property market, exploring how large scale gatherings boost commercial activity and indirectly drive factory warehouse demand.
BYD's 150-acre EV plant in Kapar is driving industrial demand in 2026, while diesel price hikes push logistics operators toward cost-efficient locations. This article covers rental rates (RM1.80–RM2.50 psf BU), factory vs shoplot yields, and actionable advice for tenants and investors.
Luxchem posts highest quarterly net profit in five years, while Betamek sees 53% profit surge, signaling strong recovery in Malaysia's chemical and automotive electronics manufacturing. Their growth directly fuels demand for industrial factories and warehouses, especially in Klang Valley and Penang. This article analyses the impact on industrial property and offers practical advice for business owners and investors.
