Mah Sing Group Bhd has purchased a prime 75.7-acre freehold land in Mukim Pulai, Johor Bahru for RM76.1 million.
The acquired land, named M Tiara, is planned for the development of residential homes with an estimated GDV of approximately RM480 million. M Tiara benefits from its convenient location, providing easy access to educational institutions, shopping outlets, recreational facilities, and other amenities. This acquisition marks Mah Sing's second land deal in 2023, following the purchase of 8 acres in Puchong earlier this year.
The company plans to continue seeking strategic lands in Klang Valley, Penang, and Johor. Mah Sing closed at RM0.595 per share, with 1.3 million shares traded.