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Mah Sing Completes Its 500-acre Land Acquisition In Semenyih

Business Today ·  Aug 5 06:35

Mah Sing Group Berhad has announced the completion of its acquisition of the 500-acre masterplanned freehold township of M Legasi in Semenyih with an estimated Gross Development Value (GDV) of RM3.3 billion.

Plans for the township includes the first phase of M Legasi comprises double-storey landed homes, with indicative price starting from RM546,800 and is now open for registration of interest. It aims to attract potential buyers from Kajang, Seri Kembangan, Bangi, and Seremban who are seeking more affordable alternatives outside the Kuala Lumpur city. This development of this land is expected to span 8 to 10 years.

In addition, Mah Sing completed the purchase of M Azura, a high-rise residential development in Mukim Setapak in June 2024. Indicatively priced from RM396,800, M Azura is Mah Sing's third development in Setapak, following the success of the fully sold M Adora and M Astra. It is anticipated that M Azura will benefit from the spillover demand from these projects. Acquired for RM74.3 million in December 2023, the project boasts an estimated GDV of RM508 million.

The Group also completed the purchase of M Tiara 2 in June 2024, a township featuring double-story terrace and double-storey cluster homes, with indicative price starting from RM771,600. Acquired in April 2024 for RM103.7 million, the development
has an estimated GDV of RM1.45 billion.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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