(From left) Lionel, Ho, Leong, Ng, Yeoh and Yuet Mei officiate the grand opening of M Nova sales gallery.

KUALA LUMPUR: Mah Sing Group Bhd has unveiled its upcoming development M Nova, the latest in its M series, during the official launch of the sales gallery.

Located in Taman Wahyu, Kepong, M Nova will be a mixed development with three blocks of serviced residences, with residential units priced from RM318,000. The mixed development has also allocated 10 units of retail lots and one drive-through retail for resident convenience.

“Mah Sing’s affordable M Series developments which covers both landed and high-rise residential properties in KL centre see good take-up rates. We are confident that this is what the market is looking for, and as a people-oriented developer, we shall continue to offer similar residential properties to the market,” Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said.

“Mah Sing has planned vacant possession (VP) of more than 4,000 completed units this year, which will provide more strong cash buffer to support Mah Sing’s land banking activities. Aside from the VP, Mah Sing maintains a strong balance sheet, with cash and bank balances as well as short-term fund investment of approximately RM1.01 billion as at 31 March 2022.

“As such, the group is ready to acquire suitable lands which can replicate the success of our affordably priced M Series residential developments. Apart from that, we also target to develop more projects in Klang Valley, Penang, Johor, Seremban, Malacca, and Perak if we can find good lands which fit our business model,” he added. 

Mah Sing will also be putting in more efforts to develop well-designed projects with features that meet the needs of the mass market nowadays, its property subsidiary chief executive officer Yeoh Chee Beng said.

Commenting on the market for affordable properties, group chief executive officer Datuk Ho Hon Sang said that they would continue their M series indefinitely. 

Mah Sing executive director Datuk Steven Ng, executive director Datuk Seri Leong Yuet Mei and group strategy and operations director Lionel Leong were also present at the grand opening. To find out more, visit https://www.mnova.com.my/.

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