
Mah Sing enters Fortune Southeast Asia 500 list second time
This marks the second consecutive year the home-grown property developer has earned the accolade, a testament to its sustained regional impact and strong performance in delivering sustainable growth, operational excellence, and customer-focused projects.
For the financial year ended Dec 31, 2024 (FY2024), Mah Sing recorded RM2.52 billion in revenue, demonstrating its resilience amid market challenges through disciplined execution, efficient operations, and strategic product offerings.
In the first five months of 2025, the group achieved RM1.01 billion in new property sales, up from RM992 million during the same period last year. The growth is largely attributed to continued strong demand for its M Series affordable homes, which are known for practical designs, competitive pricing, and strategic locations.
As a home-grown developer, Mah Sing is committed to building homes that meet the needs of Malaysians while continuing to grow sustainably, said the group's founder and group managing director Tan Sri Leong Hoy Kum.
Mah Sing has nearly 65 projects across Malaysia and plans to launch over RM3.3 billion worth of new developments in 2025.
The group has also maintained a 4-star rating in the Bursa Malaysia ESG Star Rating, ranking it among just six property developers with this recognition.
Additionally, it is one of only four listed developers to be included in both the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Shariah Index, reinforcing its position as a leader in ESG practices.
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New Straits Times
4 days ago
- New Straits Times
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BusinessToday
17-07-2025
- BusinessToday
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New Straits Times
15-07-2025
- New Straits Times
Lower rates, Iskandar 2.0, TODs to spur property rebound, says UOB Kay Hian
KUALA LUMPUR: Falling interest rates, steady mass-market housing demand and renewed investor interest in Iskandar 2.0 and key transit-oriented developments (TODs) are set to drive Malaysia's property market recovery in the second half of 2025 (2H25). In a recent note, UOB Kay Hian outlined three key drivers supporting its positive sector outlook. The drivers are the Iskandar 2.0 theme – buoyed by foreign direct investment (FDI) into industrial assets and fresh residential demand near the Rapid Transit System (RTS) Link; resilient mass-market housing demand, bolstered by the recent Overnight Policy Rate (OPR) cut and structural tailwinds such as minimum wage hikes; and a gradual recovery in investment appetite for TODs, aided by improved affordability and an updated Malaysia My Second Home (MM2H) programme. 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Of these, only Mah Sing has reported healthy date centre-related enquiries, likely driven by hyperscalers due to its infra-ready status. The sector's 12-month forward P/B ratio has risen to 0.85 times, up from 0.8 times in June but still below January's recent high of 1.0 times. Johor launch pipeline picks up pace Developers are ramping up launches near the RTS station in Bukit Chagar to capture cross-border commuter demand. Sunway will unveil its SOHO units at Sunway Majestic at RM800 psf in July, while Mah Sing plans to launch its premium serviced apartments, M Grand Minori, in August. Other projects in the pipeline include Eco Botanic 3 by Eco World (1Q26) and UEM Sunrise's Estuari Greens and Estuari ParkHomes (4Q25). UOB Kay Hian expects the uptick in launches in 2H25 to be well absorbed by resilient, less speculative demand, supported by tangible infrastructure progress and robust cross-border connectivity under the JS-SEZ framework. 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