KUALA LUMPUR (Dec 7): Mah Sing Group Bhd’s Acacia Phase 2 double-storey linked homes at its Meridin East township development in Johor has achieved 80% in take-up over a weekend launch last Saturday (Dec 5). Phase 2 comprises 94 units and has a gross development value (GDV) of RM57.2 million.

Acacia Phase 1, launched in 1Q2020, is fully taken up. The first phase has 93 units and a GDV of RM55.4 million.

“The encouraging take-up rate for Acacia Phase 2 is a testament that demand for affordably priced properties of good quality at strategic locations remains resilient,” said Mah Sing’s chief operating officer Benjamin Ong in a press release.

“This positive result is also on the back of the government’s Home Ownership Campaign (HOC) 2020. Buyers can leverage on the HOC under Penjana [the National Economic Recovery Plan], which includes stamp duty exemption on the instruments of transfer for residential properties limited to the first RM1 million of the home price and full stamp duty exemption for loan agreement,” Ong added.


Due to complete in 4Q2022, the homes at Acacia Phase 2 measure 22’ by 70’ with built-ups of 1,838 sq ft. The four-bedroom three-bathroom units are priced from RM498,000 and will offer an open concept layout. The development will also have 24-hour security and CCTV surveillance, according to the developer.

“In conjunction with Mah Sing’s Goodbye 2020 Sale, customers are able to book a unit in Acacia Phase 2 for only RM200. The low bank interest rate also enables purchasers to own Acacia Phase 2 from only RM1,150 per month,” according to the developer’s statement.

It added that Acacia Phase 2 is eligible for Mah Sing’s Eazy to Own Campaign, which offers Maybank Islamic HouzKEY to provide buyers with up to 100% financing and lower monthly instalments, as well as Mah Sing’s HOC Plus Campaign, which offers a smart home system package to all new purchasers in December.

According to Mah Sing, the weekend launch was the first virtual official property launch at Meridin East. It featured the theme “A House that Listens to You” as well as events like “Show Unit Walkthrough with Social Media Influencer Jazmin Lee”, “Homely-Feeling Interior Design with a Small Budget” and “An Introduction to Smart Home”.

On-ground activities were also held at the Meridin East Sales Gallery according to SOP despite the uplifting of the Conditional Movement Control Order (CMCO) to safeguard guests who have pre-registered to visit Acacia’s show units, said the developer.

Located in Pasir Gudang, Meridin East is a 1,313-acre freehold township with 500 acres of greenery, two nine-acre lakes, 16km of jogging and cycling track, children’s playground and basketball courts. To date, more than 900 homes at the township have been handed over to purchasers, while another 400 units will be completed and handed over to purchasers in 2021, according to the statement.

This post has been edited by lambsauce: Dec 7 2020, 02:50 PM

Misleading title. Take-up rate =/= sold. Later 50% loan rejected by banks

This post has been edited by estcin: Dec 7 2020, 02:49 PM

HAHAHAHAHAHAHAHAHAHA.

You think Banks are so stupid during this period of time?

Booking fee =/= Sold

TQVM.

economy is good

Mahsing so desperate until pull trick like this? I thought they very rich liau until going into glove business?

Lulz dont kidding can or not?

jgn persoal nanti makan LOD

I want single storey bungalow unit.

Lousy developer 😡

belum beli mah sing, sudah beli jadi nia seng

those in JB will know this place is freaking Ulu. from JB town to this place is like KL town to Semenyih distance. JB where got people travel 30-40KM from town one.

Johor?

wow... dun believe lo.

got free gloves or not?

Lol MS... ask them share first how many "take up" is by own staff or contractors.

Some ppl say also that their staff are strongly encouraged to support MS projects, in order to give the perception of high take up. Dunno la this one, hearsay only.

BBbUUu

Prop agent friend says Mahsing very LCLY.
Always delay in giving out comissions.

johor major oversupply untill cannot describe.. ration is like 3 person 1 house

But kangkar pulai many development...


https://forum.lowyat.net/index.php?showtopic=5426644&hl=




This post has been edited by plouffle0789: Feb 11 2024, 05:24 AM

u go ask those who boughted nia sing's houses whether they will buy again anot

kek

Buy popeti like buy sayur ka

can see they are desperate.

i believed before MCO, 20x70 would be selling at least 700k

500k can only get you 1k sqft before MCO, now they give you landed. KeK!!!

I am kind of interested in M Vertica by Mah Sing. Very large facilities without breaking the bank. Although there are large number of units, I think if managed well, it can be an advantage instead of mere congestion.