Mah Sing targets homes costing below RM500,000

File picture shows people checking out on the Savanna project at the Mah Sing Group's booth at the Star Property Fair 2015 in Queensbay Mall, Penang on 04 OCT 2015. - The Star/LIM BENG TATT. Macquarie Research has chosen Mah Sing Group Bhd as its top pick for the local property sector, citing the company

KUALA LUMPUR: Mah Sing Group Bhd is targeting to launch RM2bil properties this year with 50% priced below RM500,000.

"In the next two years we are focusing On the affordable house segment to capture the current market demand,"  executive director Datuk Steven Ng told reporters at Invest Malaysia 2016.

He said the consumer sentiment might have reached the bottom, hence there was no need for more cooling measures for the property market. 

The house price index had dropped to 5.8% in 2015 from 11.8% in 2012.

Ng said Mah Sing has unbilled sales of RM4.75bil which could last the company for the next two to three years.

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