Mah Sing named among BCI Asia’s Top 10 developers

Mah Sing chief design officer Kevin Lew (middle) representing Mah Sing to receive the award at the BCI Asia Awards 2021.

KUALA LUMPUR: Mah Sing Group Bhd has been named among Building and Construction Asia’s (BCI Asia) Top 10 Developers in Malaysia in 2021, marking the tenth victory.

The coveted award honours the top 10 development firms that contributed significantly to the country's structural growth in the previous year.

The winners were chosen based on the total value of their projects from the pre-tender stage (concept, design, and documentation) to the post-tender stage (construction), as well as their efforts to include sustainability into their developments.

Mah Sing chief design officer Kevin Lew said it was gratifying to be named one of Malaysia's top 10 developers for the tenth time.

“Mah Sing has established its aim and pillars, and it is totally committed to achieving environmental, social, and governance (ESG) objectives and reaching the United Nations Sustainable Development Goals through its detailed roadmaps (SDGs).

“Understanding Total Development Lifecycles, from feasibility studies to product development, design planning and optimisation, customer experience, branding and marketing, to final product launching, construction, and vacant possession, is critical to our property business's long-term viability, we believe,” he said.

Meanwhile, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the group would continue to focus on an affordable range of high rises in CBD like M Luna and M Adora, and affordable landed products in suburban/outskirts like M Aruna.

“We will continue to focus on our M Series items, which are in a lower price range and hence more accessible to the people.”

BCI Asia’s award is measured by the efforts from developers in shaping the positive social and environmental impact in development, as well as the healthy gross development value (GDV) of the project.

As such, Mah Sing said the three projects (M Oscar, M Luna and M Adora) from the M Series have been shown to have healthy take-up rates.

According to Mah Sing, M Oscar has a 79% take-up rate, with a RM505mil estimated GDV; M Luna has a 90% take-up rate, with a RM705mil estimated GDV; and M Adora has a 90% take-up rate, with a RM378mil estimated GDV.