NexG Buys Industrial Facility in Petaling Jaya for RM28.5M to Scale Up Tech Operations
NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is making a strategic leap forward with the acquisition of an industrial property in Petaling Jaya for RM28.5 million. The move is designed to streamline research, design, and production activities under one roof, enhancing cost efficiency, output, and quality control for the group’s growing portfolio of tech projects.
Details of the Acquisition
According to the company’s Bursa filing:
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Purchaser: Datasonic Technologies Sdn Bhd (wholly owned subsidiary of NexG)
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Seller: Pixio Sdn Bhd
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Property type: Leasehold industrial land with built facilities
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Built structures include:
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2-storey factory
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3-storey office block
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2-storey warehouse
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Guardhouse
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Land size: Approximately 6,182 sq m (1.53 acres)
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Funding method: Internally generated funds, bank borrowings, and/or private placement
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Expected completion: Q4 2025
The acquisition aligns with NexG’s goal to future-proof its operations and support the delivery of secure, high-quality solutions for government and enterprise clients.
Why This Matters: Tech-Driven Demand for Industrial Space in PJ
Petaling Jaya remains one of the most sought-after locations for light industrial and high-spec manufacturing activities due to:
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Proximity to Greater Kuala Lumpur and major transportation networks
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Established infrastructure and utilities
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Access to skilled labor and R&D hubs
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Limited supply of large-format, centrally located industrial land
This acquisition underscores the rising demand for modern, integrated industrial facilities, especially from companies operating in:
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Technology and digital security
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Medical devices and electronics
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Smart manufacturing and Industry 4.0
Real Estate Implications: Industrial Property as an Investment Class
NexG’s move highlights a broader trend in Malaysia’s real estate market: increased institutional and corporate interest in industrial assets.
Key observations:
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Factory-office hybrid spaces are in growing demand for companies seeking operational efficiency
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Petaling Jaya, Shah Alam, and Subang continue to be top-tier industrial locations for tech firms
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With logistics and digital infrastructure expanding, industrial property yields remain stable, often outperforming commercial retail
For investors, this points to solid long-term potential in the industrial segment, particularly for:
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Warehouses with office integration
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Properties suited for data centers or smart manufacturing
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Well-located leasehold industrial land
NexG’s Strategic Expansion Beyond ID Solutions
NexG, widely recognized for its role in secure identity and digital solutions, is evolving into a broader technology powerhouse.
By consolidating R&D, product design, and manufacturing, the company:
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Enhances product turnaround and quality assurance
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Reduces outsourcing risks and production delays
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Positions itself for next-generation projects, including government-grade tech infrastructure
While the acquisition will not significantly impact short-term earnings (FYE March 31, 2026), it lays the foundation for long-term scalability and innovation capacity.
Final Thoughts: Industrial Assets Powering Malaysia’s Tech Economy
NexG’s RM28.5 million investment in Petaling Jaya sends a clear message—industrial property is no longer just a back-end asset, but a strategic growth engine.
As Malaysia pushes forward with digitization, tech sovereignty, and smart manufacturing, industrial sites like this one will increasingly become core enablers of national innovation.
