Using official snapshots, we compare Johor, Selangor and Penang to see how industrial transactions sit within each state’s overall sub-sector mix in 2024 versus Q1 2025, and what investors should watch next.
Johor vs Selangor vs Penang: Industrial Deals by Sub-Sector (2024 vs Q1 2025)
This state-by-state comparison uses the official dashboards that show Volume by Sub-sector, Value by Sub-sector, Volume by Region and Volume by Price Range. They allow an apples-to-apples read on where industrial sits inside each state’s overall transaction mix in 2024 and Q1 2025.
Method (Quick)
- Start with Region/State: Check the 2024 boards (volume/value by region/state), then compare with Q1 2025’s Volume by Region to spot early shifts.
- Isolate Industrial: From the Sub-sector panels, read industrial’s share versus residential/commercial/agri/development land.
- Sense-check Deal Size: Use Price Range to see whether activity clusters in strata factories (<RM5m) or larger logistics boxes.
What to Watch by State
Johor
- Manufacturing gravity: Cross-border supply chains and larger land tracts favour medium-to-large factory transactions.
- Corridors: Senai–Nusajaya–Pasir Gudang typically lead for logistics/port-linked users; confirm with the regional volume boards.
Selangor
- Distribution-led demand: Central region connectivity keeps warehouse/ready-built units liquid; newer parks with higher specs see faster take-up.
- Deal size cue: Use the Price Range panels to see if Q1 2025 skews to larger boxes relative to 2024.
Penang
- E&E cluster effect: Industrial deals often reflect high-spec facilities near FTZ/tech nodes; price bands may show a higher mid-to-upper ticket share.
- Island vs Mainland: Compare the state’s share inside the Region view to read momentum between island tech hubs and mainland expansion.
2024 ? Q1 2025: Signals to Compare
- Share of transactions: Did industrial’s slice grow or shrink within each state’s sub-sector mix (Volume/Value by Sub-sector)?
- Ticket sizes: Are deals moving up the price curve in Johor or Selangor while Penang consolidates? Check Price Range.
- Quarterly pipeline context: Q1 2025 continues to show starts > completions, which can tighten modern space in preferred nodes.
Investor Takeaways (Actionable)
- Johor: Prioritise port-proximate estates and larger plots with power readiness; structure leases with step-ups for capex-heavy fit-outs.
- Selangor: Focus on ELITE/WCE/NKVE nodes with modern specs; track whether Q1 2025 shows bigger-ticket logistics deals versus 2024.
- Penang: For E&E-linked assets, diligence floor loading/ESD and expansion options; watch if ticket sizes hold above national medians.
