PETALING JAYA: Property developer NCT Alliance Bhd is sharpening its focus onindustrial parks, recurring income and digitalisation, while continuing its residentialdevelopment portfolio under newly appointed chief executive officer (CEO) OngChou Wen.
Ong – who took on the role on April 1 as the group’s first CEO – said NCT Allianceis focusing on expanding its industrial footprint through the continued developmentof NCT Smart Industrial Park (NSIP) in Selangor and NCT Innosphere (NIS) inKedah.
“We see an opportunity to play a more active role in shaping next-generationindustrial ecosystems.
“This includes the integration of infrastructure, digital capabilities and sustainabilityinto our industrial parks to better support modern businesses,” he said.
Ong previously served as CEO of Tropicana Corp Bhd and led the property division of WCT Holdings Bhd throughWCT Land Sdn Bhd.
On industry trends, he said industrial development continues to show the strongest momentum, particularly forintegrated industrial parks that support logistics, manufacturing and technology-driven operations.
“Demand today is not just for space, but for integrated ecosystems with the right infrastructure, connectivity andoperational readiness,” he said. “This reinforces our focus on industrial parks as a core growth segment for thegroup.”
On NSIP, Ong said the development continues to progress across multiple phases, alongside ongoingenhancements to infrastructure, connectivity and supporting facilities.
He said upcoming components within the industrial park include a sports complex, centralised labour quarters(CLQ) and a global centre, aimed at strengthening the overall ecosystem.
Ong said NSIP Phase 2, with an estimated gross development value (GDV) of RM2.6bil, is slated for launch thisyear.
The phase will comprise larger industrial plots and specialised infrastructure tailored for the high-technology,logistics and manufacturing sectors, building on the RM2.5bil GDV achieved under Phase 1.
In November 2025, the group held a groundbreaking ceremony for NSIP Phase 2 and launched its maiden RM1bilSukuk Wakalah Programme to enhance funding flexibility, support long-term growth and expand access to thedomestic debt capital market.
Meanwhile, Ong said NIS is progressing as planned, with the group expecting strategic collaborations to furtherstrengthen the park’s ecosystem and support long-term growth.
Ong said the group is actively building a steady recurring income stream to strengthen financial resilience.
Source: Industrial Parks and Digitalisation to Drive NCT Alliance’s Strategy