Mah Sing’s founder and group managing director, Tan Sri Leong Hoy Kum said: “The land acquisition of M Astra is timely as we foresee that the recovery of property market is gaining momentum and we wanted to be ready to seize the opportunity to meet the home buyers’ need for affordably priced projects."
KUALA LUMPUR: Mah Sing Group Bhd
has acquired five acres of land in Mukim Setapak here for RM89mil for its M Astra mixed development project which will have a gross development value of about RM618mil.
It announced on Tuesday it had acquired the prime land from Teratai Constructors Sdn Bhd which has three frontages facing Jalan Usahawan 5, Jalan Kilang and Jalan Usahawan 6, and is just 600 meters off Jalan Genting Kelang which is a major trunk road in Kuala Lumpur.
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