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 mil.
The move by the property arm of conglomerate Chin Hin Group Bhd follows shareholders’ approval yesterday (Aug 13) of the group’s RM66.0 mil acquisition of the 16,222 sq-metre leasehold industrial site.
The NeX will comprise 242 nine-storey warehouse units with modern, vertically integrated business ecosystem tailored for SMEs (small and medium enterprises), 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.
This differentiated concept is designed to support operational efficiency while creating an attractive environment for long-term occupiers seeking to establish, scale and grow their businesses.
Strategically located within the established Kota Damansara industrial enclave, the development enjoys direct connectivity to the Damansara-Shah Alam Expressway (DASH), the New Klang Valley Expressway (NKVE) and the Lebuhraya Damansara-Puchong (LDP), thus providing seamless access to key commercial centres and logistics corridors across the Klang Valley.
Mature industrial corridor
Essentially, the acquisition broadens CHGP’s development portfolio beyond its traditional residential and commercial segments while increasing the group’s total development pipeline to approximately RM6.3 bil across 11 on-going projects.
“Our entry into the industrial segment is a strategic expansion that strengthens CHGP’s development capabilities beyond residential and commercial real estate,” commented executive director and group CEO Chang Tze Yoong.
“We approached this opportunity with discipline, undertaking extensive market evaluation before committing to this acquisition.”
Added Chang: “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.”
Designed for the evolving needs of modern enterprises, The Nex offers 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 CHGP to participate in an attractive and growing segment while leveraging 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 to provide 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 slated for completion in 2029.
At the close of today’s (Aug 16) mid-day trading, CHGP was unchanged at RM1.02 with 59,400 shares traded, thus valuing the company at RM1,41 bil. – Aug 14, 2026
