Mah Sing Completes Acquisition Of Land In Bandar Meridin East For RM401.16 Million

Jul 21, 2014

KUALA LUMPUR  -- Mah Sing Group Bhd has completed the acquisition of 547.07 hectares in Bandar Meridin East in Pasir Gudang, Johor for RM401.16 million. In a statement here Friday, the property developer said the freehold land has an estimated gross development value of RM5 billion and was acquired at RM6.81 per sq ft. On the rationale of the acquisition, Mah Sing said it planned to tap into the group's expertise in township masterplaning. "The proposed components for phase one will include 500 units of landed double-storey link houses with estimated built-up ranging from 1,800 sq ft, 2,400 sq ft and 2,600 sq ft indicatively priced from below RM400,000. "Registration of interest is under way for phase one with preview targeted in November 2014," it said. -- BERNAMA Latest News: Dynasty View Launches Jade 2 Luxury Homes (Jul 22, 2014) Secure & Green Frontier 2: Type A & B Factories Sold (Jul 22, 2014) Perak in the light – Part 2 (Jul 22, 2014) Mah Sing Completes Acquisition Of Land In Bandar Meridin East For RM401.16 Million (Jul 21, 2014) Encorp banking on FIC’s strength (Jul 21, 2014) Related Categories: Daily Property News and Updates