Mah Sing’s senior management team celebrates the Group’s win and gives a thumbs up at The Edge Malaysia Property Excellence Awards 2022. Image from: Mah Sing
Mah Sing Group Berhad (Mah Sing) has once again won the Top 10 Property Developers at The Edge Malaysia Property Excellence Awards (TEPEA) 2022. This is Mah Sing’s twelfth consecutive year receiving the prestigious award, which represents yet another significant achievement for the Group.
The award serves as an industry benchmark for ranking Malaysia's top real estate players based on quantitative and qualitative attributes. The award was presented by The Edge Media Group Chief Executive Officer and publisher, Datuk Ho Kay Tat to Mah Sing’s Group Chief Executive Officer, Datuk Ho Hon Sang. Mah Sing’s Founder & Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum and the senior management team were also present at the gala dinner to celebrate the great achievement.
Mah Sing’s Founder & Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum said, “We are honoured to be named as the Top 10 Property Developers in Malaysia for the past twelve years in a row. This award is a great recognition to Mah Sing and will undoubtedly help to solidify our position in the industry. I would like to take this opportunity to express my gratitude to the Mah Sing team for their dedication and contribution to the Group throughout the year. We could not have done it without the team’s efforts.”
Mah Sing’s Group Chief Executive Officer, Datuk Ho Hon Sang said, “Being ranked among the top ten developers and seeing how we grow alongside other industry players keeps us motivated to strive not only for financial success and shareholder value, but also to prioritize our customers' satisfaction when picking up keys for their units. This award is a great testament to Mah Sing and keeps us on track to achieving our vision of being the nation builder.”
“In near future, the Group will continue to focus on developing M Series affordable price developments in prime locations with large captive market, easy access to amenities, good connectivity, practical design features and ready infrastructures. The location of our M series is mainly situated at Klang Valley, Johor and Penang, with potential new target in Seremban, Melaka and Perak. In June 2022, Mah Sing acquired a freehold land in Johor and plan to develop into a mixed development named M Minori, with a gross development value (GDV) of approximately RM469 million. This development’s Conditions Precedent of the SPA was fulfilled two days ago,” Mah Sing’s Group Chief Executive Officer Datuk Ho Hon Sang added.
Mah Sing is also planning to launch M Astra in Setapak in November 2022, which was the first project from its land acquisition trail in 2021. According to MIDF Research’s report dated 14 October 2022, Mah Sing expects to have decent property sales from M Astra due to its overwhelming response from approximately 10,000 potential buyers in Tower B. M Astra is a high-rise mixed development project comprising two blocks of serviced residences, with selling price from RM399,000 and built-up ranging from 850 sq ft to 1,044 sq ft.
With nearly three decades of presence in the property industry, Mah Sing is now on a dynamic journey that includes the adoption of a quick turnaround business model, innovation, and the pursuit of long-term growth. The Group has developed 52 projects to date and is continuing to provide reasonably priced homes with premium features in strategic areas in order to meet the country's growing demand.
(7 November 2022)