Mah Sing upbeat with planned launches for H2’20

PETALING JAYA: Mah Sing Group Bhd group is gearing up to push ahead with its planned launches in the second half of 2020 and continues to align its product mix and strategy in accordance with market demand.

It has maintained its RM1.6 billion sales target for 2020 with 84% of its products priced below RM700,000.

Recently, the group’s latest highrise residential development, M Luna in Kepong garnered a 90% take-up for its first 200 units. Mah Sing is now planning to launch its upcoming residential project, M Adora in Wangsa Melawati in mid-July.

Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said other than M Luna and M Adora, it is also planning to launch the fifth tower of M Vertica in Cheras. Take-up for the first three towers is over 90% and is picking up for the fourth tower. For M Arisa, 640 units have been launched since January 2020 and take-up has been strong at 73% with more units expected to be launched in the remainder of the year.

“In Southville City, we have delivered the vacant possession for Cerrado on time, despite the disruptions caused by the movement control order. There are plans to launch phase two of Sensory and Cerrado later in the year. The new phase of M Aruna landed homes project in Rawang, Carya, is planned for launch in the third quarter. Comprising two-storey landed link homes, prices start from RM550,000 a unit.

“Over in our Meridin East Township in Johor, we have also planned to launch two new phases of link homes, Jasmine 3 and Acacia, in the second half of the year. For Penang, the plan is to launch the remaining parcels of Ferringhi Residence 2, a resort-styled condominium,” Leong said.