Mah Sing is poised for robust growth this year, said Leong.
PETALING JAYA: Mah Sing Group Bhd (Mah Sing) expects robust growth for the group in 2025, citing its strategic focus on its core residential property segment while capitalising on opportunities in industrial developments, data centres and manufacturing.
The group said its residential property projects like M Aspira, M Nova, M Sinar and M Zenya have consistently attracted significant interest, reflecting the promising appetite for affordably priced homes with high-quality features. It expected the momentum to continue under a stable market condition in 2025, driven by favourable employment conditions, civil servant wage growth and initiatives such as the flexible EPF Account 3 scheme and tax incentives for first-home buyers announced in Budget 2025. As such, the group said it continues to actively pursue additional strategic land acquisitions to expand the M Series offering.
Mah Sing’s industrial development, the MSS Business Park in Sepang, capitalises on Malaysia’s advantage as a stable and cost-effective destination for foreign direct investment (FDI) in the China Plus One strategy, where global manufacturers are diversifying operations to reduce dependence on China.
The group’s partnership with Bridge Data Centres to develop a 300MW power capacity data centre at Mah Sing DC Hub@Southville City is expected to commence in phases by 2026. This collaboration is part of a larger plan to establish Southville City as a regional data centre hub, with a total planned capacity of 500MW power capacity across 150 acres.
Mah Sing is also exploring data centre opportunities on a 42-acre site in Meridin East Township, Johor Bahru. The site offers a potential 300MW power capacity and allows the group to unlock value from its landbank through land sales or joint ventures.
Founder and group managing director Tan Sri Leong Hoy Kum said the group has successfully navigated the past year and believes that the group is positioned for sustainable growth in 2025.
“2024 has been a positive and rewarding year for Mah Sing and I attribute this success to 3 keywords - resilience, diversification and opportunity. Resilience has been key as we navigated challenges like rising costs and economic uncertainties, ensuring we remained steadfast in delivering quality and value to our stakeholders. Diversification has empowered us to strengthen our portfolio beyond residential properties, with significant strides in industrial developments and data centre projects, aligning with Malaysia’s push for a digital economy. Lastly, opportunity has defined our ability to seize emerging market demands,” he said.
"These three pillars have not only shaped our achievements in 2024 but have also positioned Mah Sing to continue creating sustainable growth and value as we move into 2025,” he added.
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