More Launches Soon From Mah Sing
Mah Sing is looking to develop more bungalows and semi-detached houses in the Klang Valley in the near future. We have earlier reviewed their Damansara Legenda project, which is situated in the Tropicana area of Petaling Jaya .
A report in the Star recently mentioned some interesting points about this first board property development firm. From there:
- About 90% of the group’s homes in the Klang Valley and up to 30% in Johor are semi-detached houses and bungalows.
- They are planning to launch about RM700 to RM800million homes this year alone.
- The group is basically targeting both up-graders and new buyers.
- So far, the take up rate of their high end homes is 86% during project launch and unbilled sales are at RM387mil.
- The recently launched Aman Perdana project has a take up rate of more than 80% and sales of RM263mil since its launch in March 2005. The project, which was launched in March last year, will have gross development value (GDV) totaling RM858mil.
- Mah Sing will be launching the limited edition semi-detached houses and garden bungalows in Perdana Residence, Selayang, in March. Altogether, Perdana Residence offers 75 medium-high-end homes priced at RM400,000 to RM1.1mil.
- Next, in the second half of this year will be the 261-acre Sierra Perdana in Plentong, Johor. The mixed residential and commercial development, with a GDV of RM500mil, will comprise 4,219 properties, including terrace and semi-detached houses.
- Meanwhile, more launches are expected from Austin Perdana in Tebrau, Johor. It will comprise mainly the Perdana series of houses.
Sales have reached RM433mil and another RM133mil worth of properties will be launched over the next three years.
It looks like that Mah Sing has the drive and the landbank to fuel their ambitions of moving up in the property stakes.
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