Mah Sing’s Semenyih land buy a positive

TA Research says Mah Sing’s land acquisition is reasonably priced at 12% land cost to GDV ratio.

PETALING JAYA: Mah Sing Group Bhd’s acquisition of a parcel of freehold land in Semenyih, Selangor, is expected to strengthen the property developer’s growth prospects.

The development there, featuring affordable homes, is expected to be well-received by the market upon completion, according to analysts.