Mah Sing’s property sales rise to RM1.15bil

PETALING JAYA: Mah Sing Group Bhd says its property sales in the first half of 2025 (1H25) climbed 12.4% to RM1.15bil as compared to sales in the first six months of last year. Bolstered by the successful launches of its M Series of projects, the higher property sales underpinned the group’s 1H25 revenue of RM1.22bil, up from RM1.14bil in the year-ago period, as well as net profit of RM132.06mil, as compared to RM120.26mil in 1H24.

Mah Sing’s property sales rise to RM1.15bil

PETALING JAYA: Mah Sing Group Bhd says its property sales in the first half of 2025 (1H25) climbed 12.4% to RM1.15bil as compared to sales in the first six months of last year. Bolstered by the successful launches of its M Series of projects, the higher property sales underpinned the group’s 1H25 revenue of RM1.22bil, up from RM1.14bil in the year-ago period, as well as net profit of RM132.06mil, as compared to RM120.26mil in 1H24.

Mah Sing Acquires Land Within KLCC for RM260mil

PETALING JAYA: Mah Sing Group Bhd has acquired 1.485-acres of freehold land in the heart of the KLCC precinct from the MUI Group for RM260mil. In a statement, Mah Sing said the strategically located land houses the Corus KLCC hotel and is within five minutes’ walking distance from the PETRONAS Twin Towers and Suria KLCC. Mah Sing said the land will be redeveloped into a premium freehold serviced apartment project with an estimated gross development value of RM1.28bil. Units are indicatively priced from RM898,000.

Mah Sing Acquires Land Within KLCC for RM260mil

PETALING JAYA: Mah Sing Group Bhd has acquired 1.485-acres of freehold land in the heart of the KLCC precinct from the MUI Group for RM260mil. In a statement, Mah Sing said the strategically located land houses the Corus KLCC hotel and is within five minutes’ walking distance from the PETRONAS Twin Towers and Suria KLCC. Mah Sing said the land will be redeveloped into a premium freehold serviced apartment project with an estimated gross development value of RM1.28bil. Units are indicatively priced from RM898,000.

Mah Sing Enters Fortune Southeast Asia 500 List Second Time

KUALA LUMPUR: Mah Sing Group Bhd has once again been named to the Fortune Southeast Asia 500 list, which recognises the region’s largest companies by revenue for the 2024 fiscal year. This marks the second consecutive year the home-grown property developer has earned the accolade, a testament to its sustained regional impact and strong performance in delivering sustainable growth, operational excellence, and customer-focused projects.

Mah Sing Enters Fortune Southeast Asia 500 List Second Time

KUALA LUMPUR: Mah Sing Group Bhd has once again been named to the Fortune Southeast Asia 500 list, which recognises the region’s largest companies by revenue for the 2024 fiscal year. This marks the second consecutive year the home-grown property developer has earned the accolade, a testament to its sustained regional impact and strong performance in delivering sustainable growth, operational excellence, and customer-focused projects.

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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.