Mah Sing to build more affordable housing

by | Jun 29, 2021 | Business, PROPERTIES | 0 comments

PHOTO: Mah Sing Group

According to the group chief executive officer of Mah Sing Group Bhd, Datuk Ho Hon Sang,  the property group will focus on launching more affordable properties in the Klang Valley and Johor to the tune of over RM3,6 billion in Gross Development Value (GDV) by the end of this year.

But due to the Covid-19 pandemic and Phase One of the National Recovery Plan some of Mah Sing’s property launches are expected to be delayed until a more clearer picture emerges of the coronavirus outbreak.

For the central region, Ho stated that the group had over 5,000 high rise properties with a RM2.37 billion GDV strategically located in Bangi, Cheras, Sentul, Rawang and Johor Baru.

These are affordable properties priced below RM1 million per unit. Some are even priced from RM299,000 onwards while others range from RM641,000 to RM704,000 per unit.

The group also plans to launch over RM1.27 billion worth of properties comprising landed houses, serviced suites and retail units from its recently acquired land bank in Sepang and Setapak.

In Bandar Baru Salak Tinggi in Sepang Mah Sing Sing has a 100-acre land bank whereby they are set to launch double-storey terrace houses with a GDV of RM656 million. The project will be registered and launched in the fourth quarter of this year.

In Setapak, Mah Sing is poised to launch a mixed development project comprising serviced suites and retail units with a GDV of RM618 million. The group is targeting first-time home buyers and upgraders from the surrounding mature neighbourhood areas such as Danau Kota, Desa Setapak, Setapak Jaya, Wangsa Maju, Taman Melati, Titiwangsa and Setiawangsa.