Mah Sing to unveil projects worth RM7.2bil in KL by david tan | The StarBiz | Tuesday February 18, 2014 MYT 8:16:10 AM
http://www.thestar.com.my/Business/Busines...-RM72bil-in-KL/Group managing director and chief executive Tan Sri Leong Hoy Kum (pic) told StarBiz that the group was confident that the demand for its projects was still strong, as they were uniquely designed and strategically located.GEORGE TOWN: Mah Sing Group Bhd will launch projects worth about RM7.18bil in Kuala Lumpur in the first quarter of 2014.
The projects comprise the RM1.15bil Lakeville Residence in Taman Wahyu Kepong, featuring serviced apartments and shop offices; the RM5.13bil Southville City@KL South in Bangi comprising linked landed properties and the RM901mil D’Sara Sentral in Sungai Buloh, comprising serviced apartments, retail shops, and small office versatile office (SoVo) units.
Group managing director and chief executive Tan Sri Leong Hoy Kum (pic) told StarBiz that the group was confident that the demand for its projects was still strong, as they were uniquely designed and strategically located.
“In January, we launched the RM2.67 bil The Loft@Southbay City in Batu Maung, comprising low-density serviced residences which are a stone’s throw from the second bridge, and the RM502mil Sutera Avenue in Kota Kinabalu, comprising serviced apartments.”
On its new 30.9ha landbank in Jawi, the group plans to introduce an integrated township called Southbay East.
“We are currently at the planning stage of the township. Preview and launch of the township will be revealed closer to the dates.
“The freehold township located just 6.6km from the Jawi toll plaza on the North-South Expressway will attract local buyers who work and live in Southbay East’s immediate surrounds.
“We are proposing link homes, linked semi-detached, semi-detached, and town houses with a club-house,” Leong said.
On Dec 24, 2013, Mah Sing announced the purchase of the landbank, comprising 20 pieces of prime freehold contiguous land, for RM400mil.
Penang is expected to contribute about 10% of 2014’s sales target of RM3.6bil, which is 20% more than last year’s target .
“Southbay will be the major contributor, at 6% while the rest comes from the other Penang projects.”
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UPDATE NEWS ::: Mah Sing Group Bhd will be revealing Phase 1 of Lakeville Residence very soon. Lakeville is Kuala Lumpur's latest lakeside urban community which is located in Taman Wahyu.
Based on DO submission:
Phase 1 (right of pic) - worth >RM1.15 billion:
- 3/4-storey Retail Shops-SOFO Suites (~32 units) - now open for sale by tender
- Tower A 38-storey serviced apartments (295 units)
- Tower B 42-storey serviced apartments (327 units)
- Tower G 35-storey affordable apartments (660 units)
Future Phase 2 (left of pic):
- Tower C 38-storey serviced apartments (327 units)
- Tower D 38-storey serviced apartments (327 units)
- Tower E 38-storey serviced apartments (327 units)
- Tower F 42-storey serviced apartments (295 units)
and all facilities, parking podium, internal retail space and clubhouse.