Latest news with #MahSingGroupBhd
New Straits Times
2 days ago
- Business
- New Straits Times
Mah Sing sets stage for exciting second half of 2025 with RM3.3bil new launches
KUALA LUMPUR: Mah Sing Group Bhd is set for a dynamic second half of 2025, with over RM3.3 billion worth of new property launches planned across Malaysia, with Johor taking centre stage. With accelerating infrastructure developments and growing interest from both Singaporean and local buyers, the developer is set to roll out a series of residential projects in the southern region, designed to deliver lifestyle, strong value, and sustainable long-term growth. "We've had a strong presence in Johor since 2000 and will continue to strengthen our operations and broaden our footprint there. The state has the potential to be one of the most liveable, well-connected and economically vibrant regions in the country, which makes it the ideal place for our next wave of developments," said Mah Sing's group chief executive officer and executive director, Datuk Voon Tin Yow. With over RM1 billion in sales recorded in the first five months of the year, the group is on track to meet its RM2.65 billion sales target. Mah Sing's strategic pivot in Johor builds upon the state's rising economic significance, proximity to Singapore, and the upcoming Johor-Singapore RTS Link – all of which position it as a key growth engine. M Grand Minori elevates urban living Leading the launches in Johor is M Grand Minori, the inaugural development in Mah Sing's new M Grand Series. With a gross development value (GDV) of RM1.5 billion, this freehold development occupies a prime 2.42-hectare (ha) parcel in Taman Pelangi, just 3 km from the upcoming Bukit Chagar RTS Link station, which will connect Johor Bahru to Singapore's Woodlands North in just five minutes. Targeting urban professionals, investors, and cross-border commuters, M Grand Minori offers a mix of serviced apartments and retail units designed for modern lifestyles. The development includes thoughtfully planned layouts, including dual-key options, that cater to investors seeking rental returns as well as multi-generational families. Surrounded by malls, hospitals, and top-tier schools, and connected via major highways like Tebrau, EDL, and the North-South Expressway, M Grand Minori offers the ideal blend of location, convenience, and modern city living. M Tiara 2: Gated living for growing families M Tiara 2 is a 40.63 ha residential development in Skudai with an estimated GDV of RM1.45 billion. Building on the success of the earlier M Tiara phase, the new project is designed to offer a wider range of housing options. Targeted for launch in Q4 2025, M Tiara 2 will feature a thoughtfully curated mix of double-storey terrace homes (from RM771,600), serviced apartments (from RM253,000), and cluster homes within a gated and guarded community. It will include shop offices. Nestled between the matured Mutiara Rini and Lima Kedai townships and 2.5 km from major commercial hubs, M Tiara 2 is an ideal choice for discerning families and upgraders looking for more space, better connectivity, and long-term value in southern Johor. Meridin East: A thriving township for families and investors Mah Sing's landmark 531.35 ha freehold township in Johor Bahru, Meridin East, is positioned just 2 km from the Senai-Desaru Expressway. This vibrant community is expanding with the much-anticipated launch of Allamanda Phase 6, Jasmine 3, and Ixora Park City in the second half of 2025. Stylish double-storey terrace homes in Allamanda Phase 6 and Jasmine 3 are attractively priced from RM499,000 and RM620,000, respectively – ideal for upgraders and young families seeking space, comfort and value. Meanwhile, Ixora Park City's shop offices, starting from RM775,000, offer an exciting opportunity for business owners and investors to tap into a growing community. Featuring a 9-acre scenic lake park and gated precincts, Meridin East is ideal for those seeking a safe, spacious, and nature-integrated lifestyle. Its strategic location provides direct access to Johor Bahru, Singapore, and key commercial zones within Iskandar Malaysia. A 42-acre industrial parcel is also power-ready and capable of supporting a 300MW building load. This site provides flexibility for data centre players or industrial users seeking scalable infrastructure in the southern region.* Mah Sing ramps up Klang Valley and Penang projects In the Klang Valley, Mah Sing continues to expand its M Series with accessible, well-located homes. In Semenyih, the 500-acre M Legasi township (GDV: RM3.3 bil) will launch Impira Phase 2 in August 2025, following strong take-up of Phase 1. Prices start from RM648,000 for double-storey terraces. Also progressing is M Aspira in Taman Desa (GDV: RM850 mil), just 5 km from Mid Valley, with serviced residences from RM452,000, while nearby Residensi Suria Madani offers affordable units from RM200,000. Both will benefit from a new road link enhancing access to key highways. Upcoming launches include M Aurora on Old Klang Road (GDV: RM660 mil), a transit-oriented project with twin 37-storey towers, and M Aria in Sentul (GDV: RM283 mil), offering family-sized apartments from RM498,000. Penang: M Zenni Launching in Batu Maung In Batu Maung, Penang, Mah Sing is launching M Zenni (GDV: RM309 mil), a freehold mixed-use project with 494 serviced apartments, near the Second Penang Bridge and close to Penang Silicon Island and the Free Industrial Zone. A sales gallery with show units opens in August 2025.
New Straits Times
21-07-2025
- Business
- New Straits Times
Mah Sing tops out M Nova in Kepong, eyes completion by Q2 2026
KUALA LUMPUR: Mah Sing Group Bhd has marked a key milestone in the development of M Nova, its third residential project in Kepong, with the successful topping-out of the building structure. The project has reached 68 per cent structural completion and remains on track for full completion by the second quarter of 2026. Commenting on the achievement, Mah Sing's founder and group managing director, Tan Sri Leong Hoy Kum, said, "The topping-out of M Nova marks a significant milestone in our journey to deliver thoughtfully designed homes in thriving neighbourhoods. We are encouraged by the positive response from homebuyers, and with the project progressing well, M Nova only has limited units available for sale. This reflects the sustained demand for affordably priced homes in well-established areas such as Kepong and Selayang." He added that M Nova follows the success of Lakeville Residence and M Luna, further reinforcing Mah Sing's presence in the area: "This is our third residential project in the area, following the success of our earlier developments – Lakeville Residence and M Luna. We remain committed to delivering more value-driven homes with lifestyle features and excellent connectivity to homebuyers. Moving forward, we will continue to acquire strategic land banks to expand our M Series and meet the evolving needs of urban dwellers." With a gross development value (GDV) of RM790 million, M Nova is a mixed-use development comprising three blocks of serviced residences. Unit sizes range from 700 to 1,000 sq ft, offering 2-, 3-, and 4-bedroom layouts. The project also features 11 retail lots, including a drive-thru retail concept, enhancing convenience for both residents and the surrounding community. Yeoh Chee Beng, chief executive officer of Mah Sing's property subsidiaries, noted that M Nova is designed for modern urban lifestyles. He said that M Nova caters to first-time homebuyers, young families, and professionals seeking practicality, comfort, and connectivity. "Each unit features a practical layout that maximises both space and functionality. Complementing the residences are over 20 curated lifestyle facilities, including a reflexology garden, outdoor fitness zone, badminton court, pool deck and co-working spaces. These offerings reflect our commitment to building quality, community-focused homes that support modern living." Mah Sing also celebrated a key safety milestone, having achieved over 3.5 million man-hours without any lost-time injury (LTI). This reflects the company's strong commitment to safety, quality, and responsible construction practices, supported by its health, safety, and environment team, which regularly conducts site safety briefings and awareness programmes. Strategically located in Kepong, M Nova enjoys excellent connectivity via three major highways - MRR2, DUKE Expressway, and Jalan Kuching - offering residents seamless access to the Kuala Lumpur city centre and surrounding areas.
The Star
10-07-2025
- Business
- The Star
Mah Sing completes RM250mil sukuk issuance
KUALA LUMPUR: Mah Sing Group Bhd has completed the issuance of RM250mil secured and unrated Sukuk Murabahah under its existing Sukuk Murabahah Programme In a filing with Bursa Malaysia, the property developer said the Sukuk Murabahah has a five-year tenure and carries a fixed profit rate of 4.25% per annum, payable semi-annually. The sukuk is secured by assets owned by the company's subsidiaries and designated accounts. 'The proceeds raised from this issuance of sukuk Murabahah will be utilised for Shariah-compliant purposes which may include landbanking, capital expenditures, investments and working capital of Mah Sing and its subsidiaries and associate companies as well as the refinancing of the group's existing borrowings and/or to redeem the existing sukuk Murabahah,' Mah Sing said. Hong Leong Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the sukuk Murabahah programme.
New Straits Times
06-07-2025
- Business
- New Straits Times
Mah Sing property sales on track for RM2.65bil target
KUALA LUMPUR: Mah Sing Group Bhd's sales momentum is expected to remain steady, supported by its latest township, M Legasi in Semenyih, MIDF Research said. Mah Sing continues to record strong sales, securing total new property sales of RM1.01 billion in the first five months of the financial year ending Dec 31, 2025. The research house said the company remains on track to achieve its full-year new sales target of RM2.65 billion, supported by its affordable housing-focused M Series projects. "We expect M Series projects, which are priced within an affordable range, to continue sustaining new sales momentum. "Aside from M Legasi in Semenyih, planned launches in the second half of financial year 2025 (2HFY25) include Meridin East in Johor Bahru, M Tiara 2 & Tiara Hills in Johor Bahru, M Grand Minori in Johor Bahru, M Aurora in Old Klang Road, M Aria in Sentul, M Zenni in Southbay City Penang and Icon City 2 in Petaling Jaya," it said. Under the master plan concept, M Legasi will be developed into three precincts: Impira precinct on 100 acres of land, Adiya precinct on 93 acres of land, and Embun precinct on 287 acres of land. MIDF Research noted that Phase 1A and 1B in the Impira precinct, which consist of 330 individual-titled two-storey terrace home units, have recorded an encouraging take-up rate of 80 per cent. "We believe the decent take-up rate was due to the affordable pricing starting from RM635,000," it said. Overall, the firm has maintained its earnings forecast for Mah Sing for financial year 2025 (FY25), financial year 2026 (FY26), and financial year 2027 (FY27). The firm has also maintained its "Buy" call on the stock with an unchanged target price of RM1.37. "We maintain our Buy call on Mah Sing due to the stable new sales outlook, which is underpinned by launches of affordable residential projects. Meanwhile, dividend yield is decent at 3.9 per cent," it added.
The Star
17-06-2025
- Business
- The Star
Mah Sing named in Fortune SEA 500 list for second year
KUALA LUMPUR: Mah Sing Group Bhd has been recognised as one of the region's leading companies, earning a place in the Fortune Southeast Asia 500 List for the second consecutive year. In a statement today, the property developer company said this recognition underscores Mah Sing's continued regional prominence and its proven track record in delivering sustainable growth, operational excellence, and customer-focused developments. Its founder and group managing director Tan Sri Leong Hoy Kum said the recognition is a testament to the team's commitment, the brand's strength, and the confidence customers have in the company. "As we celebrated our 30th anniversary last year, we remain focused on creating value for the Malaysian homebuyers and contributing to the nation's growth through quality developments,' he said. For the financial year ended Dec 31, 2024, Mah Sing recorded a revenue of RM2.52 billion, reflecting the group's ability to navigate market conditions through disciplined execution, strategic product offerings, and a focus on operational efficiency. The company also achieved RM1.01 billion in new property sales during the first five months of 2025, compared to RM992 million achieved in the same period in the preceding year. "This growth is driven primarily by the continued strong take-up of its 'M Series' affordable homes, which offer strategic locations, practical layouts, and competitive pricing to meet the needs of Malaysian homebuyers,' Mah Sing added. - Bernama
