GEORGE TOWN: Mah Sing Group Bhd
will launch projects worth about RM7.18bil in Kuala Lumpur in the first quarter of 2014.
The projects comprise the RM1.15bil Lakeville Residence in Taman Wahyu Kepong, featuring serviced apartments and shop offices; the RM5.13bil Southville City@KL South in Bangi comprising linked landed properties and the RM901mil D’Sara Sentral in Sungai Buloh, comprising serviced apartments, retail shops, and small office versatile office (SoVo) units.
Group managing director and chief executive Tan Sri Leong Hoy Kum (pic) told StarBiz that the group was confident that the demand for its projects was still strong, as they were uniquely designed and strategically located.
“In January, we launched the RM2.67 bil The Loft@Southbay City in Batu Maung, comprising low-density serviced residences which are a stone’s throw from the second bridge, and the RM502mil Sutera Avenue in Kota Kinabalu, comprising serviced apartments.”
On its new 30.9ha landbank in Jawi, the group plans to introduce an integrated township called Southbay East.
“We are currently at the planning stage of the township. Preview and launch of the township will be revealed closer to the dates.
“The freehold township located just 6.6km from the Jawi toll plaza on the North-South Expressway will attract local buyers who work and live in Southbay East’s immediate surrounds.
“We are proposing link homes, linked semi-detached, semi-detached, and town houses with a club-house,” Leong said.
On Dec 24, 2013, Mah Sing announced the purchase of the landbank, comprising 20 pieces of prime freehold contiguous land, for RM400mil.
Penang is expected to contribute about 10% of 2014’s sales target of RM3.6bil, which is 20% more than last year’s target .
“Southbay will be the major contributor, at 6% while the rest comes from the other Penang projects.”
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