- News
- Auto News
- 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.
Tagged:
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
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
Buying A Car Soon? 5 Big Changes That Took Effect On 1 June That You Need To Know
Buying a car in Malaysia? The Hire-Purchase Amendment Act 2026 took effect on 1 June. Here are 5 new rules on EIR and car loan interest you must know.
03-06-2026
No Extra Cost, But Check Your Filter? 4 Essential Things Every Diesel Driver Needs To Know About The B15 Rollout
Malaysia officially rolled out the B15 biodiesel blend on June 1. Find out if your Hilux, Ranger, Triton, or Mazda diesel engine is compatible based on latest manufacturer statements.
03-06-2026
APAD Demands Answers: Prasarana Ordered To Submit Urgent Report Following Scary LRT Derailment In KL
APAD launches an immediate independent investigation into Prasarana following the Ampang Line LRT train derailment near Chan Sow Lin station due to a faulty track switch.
29-05-2026
Up to RM200,000 Off?! Sime Motors MotorExpo 2026 Is Bringing the Biggest Car Rebates of the Year to KL
Secure the biggest car discounts of the year at Sime Motors MotorExpo 2026 from June 5-7 at XOX Arena KL, featuring rebates up to RM200,000 across 10 elite brands.
29-05-2026
Proton Delivered Real Engines To These 6 Malaysian TVET Hubs And Universities
Proton delivers advanced factory production engine units to 6 Malaysian TVET hubs and universities, including UTHM, UMPSA, and ILP Marang, with plans for future EV parts.
28-05-2026
Infographic Reveals Which ASEAN Country Has The Cheapest Fuel (Spoiler: Malaysia Is In The Top 2!)
An official Information Department infographic reveals Malaysia has the second cheapest RON 95 petrol in ASEAN at RM1.99/L via Budi Madani, trailing only Brunei.
28-05-2026
"If You Build A Service Center, We Pay For It" — Volt Auto’s Massive Cash Injection To Upgrade Dongfeng Malaysia
Volt Auto CEO Soh Ming announces 100% funding for local Dongfeng service centers in Malaysia, enforcing strict 70% after-sales showroom requirements alongside 2026 CKD assembly plans.
28-05-2026
