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
VRL6243
SELANGOR
BSS9275
JOHOR
JC6309J
PULAU PINANG
PSE8147
PERAK
APK7529
PAHANG
CFH4837
KEDAH
KGH6154
NEGERI SEMBILAN
NEL4846
KOTA KINABALU
SJT5934
KUCHING
QAB4206P
Last updated 20 Aug, 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
PDRM Is Spending RM8 Million On Silent E-Bikes For Border Patrols: Here’s What They Can Do
PDRM receives 375 silent tactical e-bikes worth RM8M! Discover how the 850Nm torque Jebatt F29 will stop border smuggling.
20-08-2026
Immigration Truck Runs Red Light In KL: Father & 2 Daughters Killed, Mother In Red Zone
3 family members were killed after an Immigration truck ran a red light and crashed at Maju Junction, KL. Get the latest police details and investigation updates.
19-08-2026
‘We Need RM4B, Only Got RM2B’: Ahmad Maslan Explains Why Highways & Potholes Stay Dark And Damaged
Works Ministry receives only RM2B of its required RM4B road maintenance budget. Ahmad Maslan explains why potholes, dark highways, and repairs are delayed in Malaysia.
19-08-2026
A Bangladeshi Farmer Was Caught Delivering Veggies In A Mercedes: The Langkawi Duty-Free Loophole
Discover why a Bangladeshi farmer used a Mercedes to haul vegetables in Langkawi. Learn how duty-free taxes, extreme depreciation, and repair traps create cheap island luxury cars.
18-08-2026
The Billionaire Who Saved Proton Just Resigned As Geely Chairman—Here’s What’s Happening
Geely founder Li Shufu resigns as Chairman of Geely Auto! Here is what the major executive shakeup means for Proton and Geely's global strategy.
18-08-2026
"We Pay Roadtax" — RXZ Organiser Defends LPT Highway Closure By Comparing Convoy To Marathons
RXZ Members organisers defend their LPT highway closure proposal using marathon comparisons following 46 crashes, 11 deaths, and 1,800 summonses at Edition 8.0.
17-08-2026
"RM100M Feels Like RM50M Now": Tun M Urges Malaysia To Buy Back Formula 1 Hosting Rights
Tun Dr Mahathir urges Malaysia to buy back Formula 1 hosting rights for Sepang, arguing RM100M is affordable today. Read his podcast comments and cost breakdown.
13-08-2026
11 Deaths In 4 Days: JPJ Introduces Mandatory Online Registration & 4-Photo Check For RXZ Members
After 11 fatal crashes during RXZ Members 8.0, JPJ mandates online registration, valid licenses, and 4 motorcycle photo uploads for future events. Read the full rules here.
13-08-2026
Show More
trending_flat