PGF Capital plans RM3bil Integrated Township Near Proton City
A self-sustaining integrated township project with an estimated RM3 billion gross development value (GDV) near the Automotive High-Tech Valley (AHTV) in Proton City, Tanjong Malim, Perak, has been unveiled by PGF Capital Bhd.
Over a period of 10 to 15 years, the township, which covers 161.87 hectares, seeks to establish a peaceful and sustainable living environment. The all-inclusive development consists of lifestyle communities, such as a retirement and wellness village, plantations for agriculture, aquaculture operations, eco-tourism, and an eco-retreat.
PGF Capital complements Zhejiang Geely Holding Group, China's dominant automotive company, with its RM46.8 billion investment by utilizing AHTV's potential.
A thriving community with integrated infrastructure and amenities is what the master plan aims to create.
With an estimated GDV of RM600 million, PGF Capital and Malvest Properties Sdn Bhd have inked a joint venture agreement for Phase 1, which will focus on technology integration for sustainable living, such as the use of solar energy, electric vehicles, and AI-enhanced security systems.
The first phase of the development plan is scheduled to begin in 2024, and approval from the state government of Perak is pending.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRU8547
SELANGOR
BSU5395
JOHOR
JG1962J
PULAU PINANG
PSG6418
PERAK
APM4186
PAHANG
CFJ1878
KEDAH
KGJ5426
NEGERI SEMBILAN
NEM3594
KOTA KINABALU
SJU6434
KUCHING
QAB7974P
Last updated 21 Oct, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Related News
Proton, MARii Inks Collaboration Agreement To Establish NATC
Proton and MARii jointly ink agreements towards jointly establishing ‘National Automotive Test Centre’ (NATC).
21-11-2025
Proton Drives Localisation of ADAS & Key Components Through Strategic JVs
Proton-linked vendors set to localise production of ADAS, lighting, HVAC, and brakes with global partners.
26-06-2025
Geely Has Submitted AHTV Masterplan - Perak MB
Perak Menteri Besar Datuk Seri Saarani Mohamad stated that Geely has submitted its masterplan to the state government of Perak for the development of AHTV project in Tanjung Malim.
13-08-2024
Geely & DRB-Hicom Inks Master Collaboration Agreement - AHTV
Geely & DRB-Hicom signed a Master Collaboration Agreement (MCA) outlining their combined efforts to advance Malaysia's Automotive Hi-Tech Valley (AHTV)
12-10-2023
DRB-HICOM, Geely Aim To Attract RM32 Billion In AHTV Investment
Proton has organised the 2023 Global Investor & Vendor Convention to highlight AHTV opportunities.
17-07-2023
Geely, DRB-HICOM Collabs On Automotive High-Tech Valley (AHTV) Project In Tanjung Malim, Perak
Geely collaborates with DRB-HICOM to work on AHTV Project In Tanjung Malim, Perak.
07-04-2023
Proton Rolls Out 10,000th GEP3 Engine, Achieves 126,682 Vehicles Delivered
PROTON rolls out its 10,000th 1.5 TGDI engine and is in track to better its best sales year back in 2013 having delivered 126,682 units so far.
06-12-2022
Proton Announces Expansion of Stamping Facilities in Tanjong Malim
Proton announces addition of two new stamping lines at Tanjong Malim to increase local parts stamping volume.
26-07-2024
Latest News
Proton's Exports Are Growing, But Not All The Cars Wear Proton Badges
Proton exported 7,370 vehicles in the first nine months of 2026, including Geely cars built in Malaysia. Here's why it matters for Tanjong Malim.
21-10-2026
6,537 Road Deaths In 2025 - Can Malaysia's New Safety Push Make A Difference?
Malaysia recorded 6,537 road deaths in 2025. With a new MOT-MIROS proposal underway, can the country meet its target to halve fatalities by 2030?
20-10-2026
ECRL Vs Driving To Kota Bharu: Petrol, EV Or Train, Which Costs Less?
ECRL fares to Kota Bharu start at RM125. We compare train tickets with petrol and EV energy costs to see which option makes more sense.
19-10-2026
"We'd Love To Go Back": Mercedes Eyes Sepang Return As F1 Night Race Idea Emerges
Mercedes-AMG Petronas F1 wants to return to Sepang, while Signify says a night race is technically possible. Could Malaysia's next F1 race be after dark?
19-10-2026
RM52,000 In Car Rebates? Sime Motors' 3-Day Sale Is Now On!
Sime Motors' 3-day sale runs from 16 to 18 October 2026 in Ara Damansara, with car rebates up to RM52,000, test drives and special offers.
16-10-2026
RM950 Million From F1 At Sepang. So Why Is Malaysia Still Hesitating?
F1 at Sepang generated nearly RM950 million in economic impact. But a five-year Malaysian GP deal could cost RM1.5 billion. Here's why.
16-10-2026
35 Cars Daily! BYD's New Miri 3S Centre Puts Aftersales In Focus
BYD's new Miri 3S Centre can service up to 35 cars daily. Here's how the latest Sarawak expansion strengthens aftersales support for EV owners.
15-10-2026
Chery Omoda 5 Recall: 600 Cars In 2024, 8,878 In 2026. What Changed?
Chery's Omoda 5 recall covers 8,878 vehicles, compared with 600 in 2024. Here's what changed, what remains unknown and what owners should do.
15-10-2026
Show More
trending_flat
Malaysia First Used Car and EV Consignment Platform
This is the best place to sell your car at true market value. Instead of accepting low dealer trade-ins, we handle everything and connect your car directly to genuine buyers for the highest price.
Understanding CariCarzAutomall Consignment Plan
Approved 200-Check Points Inspection
7 Day Money Back Guarantee
One Year Extended Warranty
No Hidden Charge
