Kawasan Industri Ringan Inderawasih, located in Prai, Penang, is a light industrial area offering a range of factory and warehouse properties. This area is well-regarded for its strategic location and good connectivity, making it a popular choice for various businesses.

Here's a general description of the types of properties and their characteristics:

Types of Properties

• Factory/Warehouse: The industrial properties in this area are primarily factories and warehouses.
• Light Industrial: The properties are typically categorized as "light industrial," suitable for manufacturing, storage, and other related activities.
• Terrace, Semi-Detached, and Detached: You can find a variety of property types, from smaller terrace factories to larger semi-detached and detached factories with more land area.
• Storey: Properties are commonly 1.5-story or 2-story buildings, sometimes with a dedicated office space on the upper floors.

Key Features and Specifications

• Land and Built-up Areas:
• Built-up: Sizes can vary widely, from smaller units of around 2,600 sq. ft. to very large spaces exceeding 100,000 sq. ft.
• Land Area: Similarly, land sizes range from small plots for terrace factories to several acres for large detached factories.
• Tenure: Many properties in this area are freehold, but leasehold options can also be found.
• Accessibility: The location is highly accessible, with easy connections to major roads and highways, including the North-South Expressway, the Prai Free Trade Zone, and the Penang Bridge. This connectivity is a significant advantage for logistics and transportation.
• Amenities: Some properties may come with features such as high ceilings (e.g., 30-40 ft), high power supply (e.g., 300-1000 amps), and sometimes even lifts or loading bays, depending on the size and type of the building.
• Condition: Properties are available for sale or rent in various conditions, from older units that may require renovation to brand new facilities with modern features.

Market Trends

• Transaction Prices: The median transacted price for industrial properties in Taman Inderawasih is around RM 1.17 million, with a median price per square foot of about RM 399. Prices can fluctuate depending on the specific property's size, condition, and location.
• Rental Rates: Rental prices for factories and warehouses in the area also vary based on size and features, with listings showing a wide range from a few thousand ringgit per month for smaller units to over RM 100,000 for large, detached factories.