KUALA LUMPUR (Feb 29): MAH SING GROUP BHD [] expanded its land bank with the latest acquisition of 157 acres (63.4 ha) in Bandar Kundang, Gombak for RM40.94 million about RM6 per sq ft.
It said on Wednesday the land was one km south of the group’s project, M Residence@Rawang -- a 226 acre township development acquired in October last year.
Mah Sing proposed to build a self-contained, secured lifestyle township named M Residence 2@Rawang with a gross development value of about RM650 million.
“Based on preliminary plans, the township shall comprise mainly linked semi-detached homes to capture the spillover demands for such products from M Residence. The group intends to replicate the success of Aman Perdana township in Meru-Shah Alam by offering semi-detachedhomes at link house pricing,” it said.
Mah Sing said its units Major Land Development Sdn Bhd and Elite Park Development Sdn Bhd had on Wednesday signed separate sale and purchase agreements with Vibrant Domain Sdn Bhd and Topaz Best Sdn Bhd to acquire the adjacent parcels of land.
It said on Wednesday the land was one km south of the group’s project, M Residence@Rawang -- a 226 acre township development acquired in October last year.
Mah Sing proposed to build a self-contained, secured lifestyle township named M Residence 2@Rawang with a gross development value of about RM650 million.
“Based on preliminary plans, the township shall comprise mainly linked semi-detached homes to capture the spillover demands for such products from M Residence. The group intends to replicate the success of Aman Perdana township in Meru-Shah Alam by offering semi-detachedhomes at link house pricing,” it said.
Mah Sing said its units Major Land Development Sdn Bhd and Elite Park Development Sdn Bhd had on Wednesday signed separate sale and purchase agreements with Vibrant Domain Sdn Bhd and Topaz Best Sdn Bhd to acquire the adjacent parcels of land.
