90% take-up rate for housing project over a weekend
MAH Sing Group Bhd (Mah Sing) is banking on the strategic location of its latest project in Johor Baru – M Grand Minori under its premium M Grand Series.
Its chief operating officer (southern region) James Lim said its close proximity to Rapid Transit System Link (RTS Link) connecting Johor Baru and Singapore was another strong selling point for the development project.
'The project has thus far received an encouraging response, with Phase One of Tower A achieving a 90% take-up rate over a weekend,' he said.
Lim said the company was looking at Malaysian professionals working in Singapore, Singaporeans, affluent Indonesians, first-time buyers and those looking to downsize especially senior citizens, as potential buyers.
He said this at the opening of M Grand Minori sales gallery in Taman Pelangi, located 3km from the Bukit Chagar RTS Link station.
Lim said the RTS Link, expected to start operation in the first-quarter of 2027, will ease the infamous traffic crawls at the Causeway.
'This will enhance connectivity and accessibility between Johor Baru and Singapore and augurs well for the economic growth for this part of the region,' he added.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the strong take-up rate showed that the project resonated strongly with property buyers.
The project, he said, was well positioned to tap into growing demand driven by enhanced cross border connectivity.
'Johor has always been an important market for us; it is our second largest development after Klang Valley,' said Leong.
The company, he said, has maintained a strong presence in the state since launching its first township in Johor Baru, namely Taman Sri Pulai Perdana in 2000.
Mah Sing group chief executive officer and executive director Datuk Voon Tin Yow said the development was designed to offer a lifestyle that reflected the needs of today's urban dwellers – smart, connected and convenient.
The Johor-Singapore Special Economic Zone (JS-SEZ), he said, was set to attract foreign investments and global companies in high-growth sectors like electronics and renewable energy.
'As Johor cements its role as a regional hub, M Grand Minori stands ready to meet the rising demand for quality homes in this vibrant and fast evolving location,' added Voon.
The freehold mixed-use residential and commercial project spans 2.42 hectares in Taman Pelangi with an estimated gross development value of RM1.5bil.
Phase One of the project comprises two towers of serviced apartment and nine retail lots – Tower A (59 levels with 843 units) and Tower B (59 levels with 890 units) with target launch in the third quarter of 2025.
The five unit types available are 403sq ft (RM390,000), 496sq ft (465,000), 624sq ft (RM591,000), 630sq ft (RM609,000) and 835sq ft (RM769,000).
The sales gallery located at Taman Pelangi, Johor Baru is open from 9.30am to 9pm daily.
For details, contact 07-291 3226 or visit m-grandminori.com.my
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