mahsing was ranked top 7 (was 9 2010) last year, while naza ttdi ranked 18 (was 17 in 2010). unless ttdi currently is power enough to get over mahsing..

According to Mindef and other analyst reports Mah Sing is doing very well..... this is probably talk to people who want to get into the property game but are to afraid so they create rumors to justify their fear...

If you said Tony Fernandes is going to buy up Mah Sing's stock, i wouldn't doubt

And name it Tune Developers?...lol

No frills concept. Means u will have to pay more for add ons e.g. Pay for sink, water meter, power points etc hahaha

Record performance from Mah Sing in 2011


PETALING JAYA: Property developer Mah Sing Group Bhd wrapped up its financial year 2011 (FY2011) with new record highs for revenue, profit and sales, after posting a strong set of results in its fourth quarter (Q4) ended Dec 31 2011.

Its Q411 net profit rose 30.9% to RM41.03mil versus a year earlier, while its revenue surged to RM422.13mil from RM299.28mil. Earnings per share (EPS) for the quarter in review stood at 4.93 sen against 3.77 sen previously.

For the full year, Mah Sing saw its net profit surge to RM168.56mil on revenue of RM1.57bil from a net profit of RM118.07mil on revenue of RM1.11bil in FY2010.

EPS for FY2011 rose to 20.27 sen from 14.2 sen per share.

The company has proposed a first and final dividend of 11 sen per ordinary share of 50 sen each, less income tax of 25%, for FY2011.

Mah Sing said in a statement that revenue from its property segment improved 48% year-on-year (y-o-y) to RM1.4bil, with the group’s property sales exceeding its internal target of RM2bil by 13%.

It attributed the rise in its revenue and earnings contributions mainly to property development activities in the Klang Valley, Penang and Johor Baru.

Mah Sing said the group’s remaining undeveloped land of 1,060 acres with RM14.8bil in total gross development value and unbilled sales would provide steady earnings visibility for the next five to seven years.

Meanwhile, the group’s plastics division continued to contribute positively to the group’s performance.

Revenue for the segment grew 10% to RM202.6mil from RM183.6mil in FY2010.

It expected the trend of positive contribution from its plastics division to continue this year.

Mah Sing said it believed FY2012 would see another strong performance by the group overall. It had set a property sales target of at least RM2.5bil for this year.

Launches planned for 2012 included new and existing residential projects in the Klang Valley, Penang and Johor Baru, such as Kinrara Residence in Puchong, Garden Residence 2 and Garden Plaza in Cyberjaya, M-City in Jalan Ampang, as well as Icon Residence in Georgetown and Mah Sing i-Parc @ Iskandar in Johor.

Mah Sing said the group’s strong balance sheets, with a huge cash pile of RM665.7mil and a net gearing ratio of 0.29 times as at Dec 31, would be its key competitive advantage in securing land acquisition and joint development opportunities that might arise.


Made so much profit last year, got big cash reserve, how to go down?

Thats why la. Does not make sense to go down. I am saying this even though all my properties got no chop from Mah Sing. Just saying this out of logic.

What about garden residence? It is almost completed and vp expected mid year. I dont see any slowing down as mentioned. Other high rise projects, not sure, but M-suites are all sold out too.

Hai, just booked MS phase 2 last week for own stay @ rm618,800. May i know how much this property when 1 launch for phase 2? They offer me 7% dis + mot+loan+ Spa + 1 year mtnc fee....

Actually now i stay @ tun perak, near tesco rawang. Now thinking for upgrade........so far rawang life is very good, after 7 year travel kl-rawang, actually it no so far especialy after the upgraded tampler road

This post has been edited by koigh: Apr 28 2012, 01:22 PM

What is the size that you purchased?

Phase 2 early launched at 572k and 592k for subsequent release.

I heard show house will be ready ard June@July. Can't wait!

22x80 2380sqf....
Anyway are u panel for this project?
How long it take to proses the loan, i.e submit to you on Monday, when the result will come out?

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Added on April 28, 2012, 3:32 pmWow big difference. Intial stage also have 7% rebate?

This post has been edited by koigh: Apr 28 2012, 03:32 PM

TMS always increased the price phase by phase.

Even their Kinrara Residence 3 storey superlink, 1sr phase, just several units, launched at 900k++, then now leftover units at 1.18mil bfore 7% discount.

It's too huge.

How about the GnG issue? Anybody can cofirm whetehr this project come with gng or not

Mind to share what is the problem that MS facing?

Of course I trust that MS is big enough and Naza Group has such fund to buy over MS. Btw, MS already has huge profit since they are far more aggressive in their launches so far.

Naza would be coming up in their own since they have far more landbank compare to MS, no landbank at all.

7% was there + others package as same as the rest of the buyer.

This post has been edited by Jigjig: Apr 29 2012, 12:09 AM

The Sales Packages Has been Amendment since last week

Phase 2

5% Rebate
Stamp Duty of SPA , Loan Agreement , MOT Bear by Developer ( Mah Sing )
1 Year Maintenance Fees



Phase 3
5% Rebate
Stamp Duty of SPA , Loan Agreement Bear by Developer ( Mah Sing )
1 Year Maintenance Fees

Chris Chew, refer post by twins9..MS has 1000+ acres of undeveloped landbank. So we can't say they've no landbank at all. Unsure abt Naza though.

Anyway, would like to hear any 'news' (with facts) abt MS as I've vested interest in MRes haha

Not quite the GnG we anticipated..sales said they provide guardhouse and security, but no concrete tiles. Just pagar. But, DMC is signed though.