Mah Sing celebrated its achievement as the Top-Of-The-Chart property developer at the Malaysia Developer Awards 2024 for the third consecutive year.
Mah Sing’s stellar reputation continues to soar
Mah Sing, recognised by industry analysts as the King of Urban Residential Projects, boasts a remarkable 30-year track record as a fast turnaround developer, driven by consistent innovation, foresight and a commitment to enhancing modern urban living.
Since its inception, Mah Sing has evolved into a fully integrated property developer, diversifying its offerings to meet the dynamic needs of the market. The group has developed everything from high-rise residential towers and master-planned townships to commercial spaces, Grade A office buildings, hospitality ventures and even industrial developments. Mah Sing’s broad scope of projects showcases its versatility and leadership in urban planning and development.
As of September 2024, the group boasts an impressive portfolio of 59 projects, covering 5,347 acres of land and generating a total gross development value (GDV) of RM59.6bil. Mah Sing’s story is not just about real estate but about transforming lifestyles, creating sustainable communities and setting benchmarks in the property industry.
The group won Malaysia’s Best Managed Companies 2024 for the second year in a row by Deloitte Private.
Shaping the Malaysian landscape, delivered over 60,000 homes
One of Mah Sing's crowning achievements is its M Series, which is renowned for its strategic locations, affordability and exceptional quality, making it a standout choice for homebuyers. Mah Sing’s commitment to quality and safety is evidenced by its impressive QLASSIC scores. Projects like M Oscar in Sri Petaling and M Adora in Wangsa Melawati each achieved scores of 85%, while M Vertica in Jalan Cheras secured a score of 83%. These scores are well above the industry average of 76% to 80%. To date, Mah Sing has successfully delivered over 60,000 homes, making it one of the most prolific residential developers in the country. The group continues to cater to the needs of the growing urban population, with 96% of its 2023 residential launches priced below RM700,000 — firmly positioning Mah Sing as a champion of affordable housing solutions.
Mah Sing’s ability to respond swiftly to market demands has been a key driver of its success. The group’s fast-turnaround business model allows it to align property launches with evolving consumer needs, resulting in significant sales milestones. In 2023, the group acquired five land plots, and this year, it has added three more, positioning the company for continued growth and expansion.
Mah Sing is expanding its industrial developments too. Earlier this year, the group acquired a 561.65-acre industrial land in Sepang, marking the beginning of the Mah Sing Business Park in Sepang. This industrial development, with a potential GDV of up to RM2bil, represents Mah Sing’s growing footprint in the industrial sector.
Mah Sing has identified 150 acres of land in Southville City for a 500 MW power capacity data hub, named Mah Sing DC Hub@Southville City. Bridge Data Centres (BDC), backed by Bain Capital, has signed two collaboration agreements for 300MW of power capacity. BDC is actively working to secure hyperscale and artificial intelligence (AI) data centre customers, with strong financial support. Additionally, Mah Sing owns 42 acres of land in its Meridin East township in Johor Bahru which is capable of supporting 300MW of future power capacity and offering significant opportunities for further growth and value creation.
Summit Park in Southville City won the FIABCI Malaysia's Environmental Category Award at the Malaysia Property Award 2023.
Leading in sustainability and ESG initiatives
As a forward-thinking developer, Mah Sing has embraced Environmental, Social and Governance (ESG) principles, integrating them into its core business strategy. The group’s commitment to sustainability was recognised when it was included in the FTSE4Good Bursa Malaysia Sustainability Index in June 2021. By 2023, Mah Sing held a 4-star rating, placing it among the top 25% of companies on the FBM EMAS Index. This achievement highlights Mah Sing’s dedication to responsible corporate practices and sustainable development.
Mah Sing’s commitment to sustainability is also visible at the community level. The group is appreciative of the recognition received for its ongoing ESG efforts. The Group's 9.62 acres Summit Park in Southville City won the FIABCI Malaysia's Environmental Category Award by the Malaysia Property Award 2023. Additionally, Mah Sing earned the Silver accolade at The Edge Malaysia ESG Awards 2024, underscoring its role as a sustainability-driven developer.
Mah Sing was also recently conferred the Company of the Year at the Sustainability CSR Malaysia Awards and the CIMB Top Green Home Financed Award.
Empowering communities for a better tomorrow
Beyond property development, Mah Sing is dedicated to giving back to the community through its strategic corporate responsibility partner, the Mah Sing Foundation (MSF). Established in 2005, MSF has contributed over RM26.3mil to various charitable causes, positively impacting nearly 290,000 individuals.
The foundation’s flagship Corporate Social Responsibility (CSR) programmes focus on creating lasting, positive changes in communities by empowering individuals through education, economic development and sustainable livelihoods.
A future of innovations
Mah Sing’s future is filled with promise, as the group continues to expand its footprint across Malaysia. The group remains committed to scouting for strategic land acquisitions, forming new partnerships and diversifying its offerings to meet the evolving needs of the market. With a strong focus on ESG, innovation and quality, Mah Sing is poised to lead the next chapter of Malaysia’s property development sector, matching its tagline - Reinvent Spaces. Enhance Life.
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