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Setia Awan Launches RM1.4 Billion Tanjong Malim Hi-Tech Park

Setia Awan has launched the RM1.4 billion Tanjong Malim Hi-Tech Park, with Phase 1 reporting 50% take-up and two confirmed industrial investors.

By TLA AI Editor3 min read

Kuala Lumpur, 21 September 2026 – Setia Awan Land Sdn Bhd has launched the RM1.4 billion Tanjong Malim Hi-Tech Park and its Ionera commercial component, marking the developer’s first move into industrial property as Perak’s automotive corridor attracts new manufacturing capacity.

The 447-acre development sits near Proton City within the wider Automotive High-Tech Valley growth corridor. Setia Awan is positioning the project as an integrated industrial ecosystem for manufacturers, automotive suppliers, technology companies and logistics providers, while keeping the tenant mix open to businesses outside the automotive sector.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.