When did the new rule started? I am from Kajang and went to Kajang 2 yesterday to view the houses... was told that their g&g housing works as follows:-

perimeter fencing and guard house built
first year free security provided by developer
2nd year onwards, RA will take over the security issues and security fees is estimated to be Rm100. The houses in the area is freehold, individual title and I do see fences surrounding the area. I think this project was launched in 2010, maybe the approval for g&g before new ruling.

brick/anti climb wall, cctvs, guard house and dmc not considered full g&g?

Only problem with g&g is when they hand over. If RA not strong enough to collect funds, the gates would just open.

The 1010 position is to showcase the brand, country of origin, date/etc which are usually located at the 12, 3, 6 and 9 positions.

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?

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.

Single road out and potential flooding are the 2 NOS NOS on my list.

I visited Rawang Country Homes a long time ago...that time, no lights at night when we drove out...quite scary.