12 August 2014

Mah Sing plans township in Negeri Sembilan with RM7.5b GDV

  12 August 2014

Mah Sing, Negeri Sembilan, Township, Land sale

KUALA LUMPUR: Mah Sing Group Bhd is making its foray into Negeri Sembilan to undertake a township development with a gross development value (GDV) of RM7.5bil.

The property developer said on Monday it was buying 1,400 acres of land in Rantau district for RM359.55mil from the trustees Poh Yong Cak, Lim Kim Chong and Sam Chien Kiong @ Sam Choy.

“The proposed acquisition is timely as it allows the Mah Sing group of companies to amass approximately 1,400 acres of land (inclusive of the group’s remaining land) for the expansion of its existing presence south of Kuala Lumpur and be better positioned to reach out to a broader range of customers by offering products suitable for the mass and upgrader market,” it said.

Mah Sing said the proposed acquisition was to cater for the growing demand for mass market affordable quality homes which Mah Sing experienced with their Southville City @ KL South and other township projects.

The proposed acquisition will result in the group’s first foray in Negeri Sembilan and will result in the proposed development of a gated guarded lifestyle township mainly focused on first time homebuyers and starter homes, offering terrace homes and superlink homes, with an exclusive selection of semi-detached homes and bungalows for upgraders.

Mah Sing said a clubhouse and commercial components would form part of the township to provide for the daily needs of residents.

~ By THE STAR

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