23 October, 2019

Projects


KUALA LUMPUR: Mah Sing Group Bhd will give more focus on building affordable housing at strategic locations to support the government’s initiatives to boost house ownership, as well as to meet the market’s demand.

Founder and managing director Tan Sri Leong Hoy Kum said the move would augur well for the group’s growth strategy as Mah Sing was constantly on the lookout for more landbank with a key focus in the Klang Valley.

“Our primary focus would be to acquire pieces of land within strategic locations with good connectivity and accessibility that are great for immediate development as we believe the demand will persist for the right product in the right location at the right pricing,“ he told reporters after the group’s annual general meeting today.

As of March 31, 2019, Mah Sing’s landbank stood at approximately 849.44ha, constituting to total remaining gross development value and unbilled sales of RM25.1 billion, which can sustain growth for the next eight to nine years.

The group currently sits on a healthy balance sheet with cash and bank balances of RM1.3 billion in the first quarter of this year.

Mah Sing is also in talks with potential partners from China to set up a permanent industrialised building system (IBS) precast concrete in Kajang.

Elaborating on the proposed plant, Leong said the negotiations would likely to be concluded within this year and the plant would be able to produce a range of IBS components, including precast concrete panels, concrete slab columns, concrete walls and beams.

He added that if the collaboration was successful, it would enhance Mah Sing’s offerings to local house buyers.

“We are also constantly exploring new opportunities for strategic partnerships which we can leverage on their expertise and resources to continue to constantly provide quality products with added value to our valued customers,” said Leong.

Source : https://www.thesundaily.my/business/mah-sing-to-focus-on-affordable-housing-at-strategic-locations-ID1027138

Subscribe

Register for blog updates.

m vertica cheras condominium

The Top 6 Best Condominiums in Kuala Lumpur (KL) to Invest in Now

August 11, 2023

home-investment

Why Property Investment In Malaysia Is Still The Best Kind Of Investment Now

August 11, 2023

Businesswoman Holding Magnifying Glass Over House Model

A Complete Property Inspection Checklist For Your New Home

July 5, 2022

front-view-finance-business-elements-assortment

How To Use Step-Up Financing To Get Your Dream Home

August 10, 2022

M Vertica Podium Deck

M Vertica: The Tallest Luxury Condominium Rising in Kuala Lumpur

November 18, 2019

Related Posts

mah sing prize
Win Prizes Worth From RM2 Million When You Buy a Mah Sing Property
15 October, 2019
Read More
tierra-mallorca-NpTbVOkkom8-unsplash
The Misconceptions about Property Investment in Malaysia
27 March, 2023
Read More
kepong new condo
Kepong’s Condo Is Much More Enticing Now With Eazy To Own + HOC
8 December, 2020
Read More

Tell us what your search is today

Facebook
LinkedIn
Email

Admiral (R) Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal

Chairman/Independent Non-Executive Director

NATIONALITY: Malaysian

DATE OF APPOINTMENT: 1 August 2023

ACADEMIC / PROFESSIONAL QUALIFICATION(S)

Admiral (R) Tan Sri Dato’ Seri Abu Bakar Bin Abdul Jamal was the 10th Chief and the first four-star Admiral of the Royal Malaysian Navy. Admiral (R) Tan Sri Abu Bakar served the Royal Malaysian Navy for almost 40 years both at the staff and command levels culminating in the highest office of The Chief of Navy from 1998 to 2002.

Admiral (R) Tan Sri Abu Bakar was the former Chairman of Affin Fund Management Berhad and also the former Chairman of several companies covering diverse industries post his retirement including naval and marine, property development, construction and automative. He was also a former Board member of Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board).

In recognition of his services not only to Malaysia but also towards promoting international and regional understanding and peace, Admiral (R) Tan Sri Abu Bakar was bestowed the Panglima Setia Mahkota award carrying the title Tan Sri. In addition, he also received international recognition in the form of the following awards:

  1. Bintang Jalasena Utama by Indonesian President Abdul Rahman Wahid on 28 August 2000
  2. Legion of Merit by United States President Bill Clinton on 6 October 2000
  3. Knight Grand Cross of the Most Noble Order of the Kingdom of Thailand by His Majesty King Bhumibol Adulyadej R on 24 February BE2544 (Gregorian 2001)
  4. Legion d’ Honneur by President of France, Jacques Chirac on 17 June 2001

There is no family relationship between him and any director and/or major shareholder of the Company.