Mah Sing expects to meet sales target

A 6% goods and services tax that will start in April 2015 is expected to result in higher property prices, Tan Sri Leong Hoy Kum, group managing director of Mah Sing, said in an interview yesterday. The company is targeting sales of RM3.6bil this year, he said.

KUALA LUMPUR: Mah Sing Group Bhd says home purchases may quicken in the second half as buyers snap up properties ahead of the implementation of a new tax, helping Malaysia’s fourth-biggest property developer meet its record sales target for 2014.

A 6% goods and services tax that will start in April 2015 is expected to result in higher property prices, Tan Sri Leong Hoy Kum, group managing director of Mah Sing, said in an interview yesterday. The company is targeting sales of RM3.6bil this year, he said.