Latest news with #LeongHoyKum
The Star
a day ago
- Business
- The Star
Mah Sing named in Fortune SEA 500 list for second year
KUALA LUMPUR: Mah Sing Group Bhd has been recognised as one of the region's leading companies, earning a place in the Fortune Southeast Asia 500 List for the second consecutive year. In a statement today, the property developer company said this recognition underscores Mah Sing's continued regional prominence and its proven track record in delivering sustainable growth, operational excellence, and customer-focused developments. Its founder and group managing director Tan Sri Leong Hoy Kum said the recognition is a testament to the team's commitment, the brand's strength, and the confidence customers have in the company. "As we celebrated our 30th anniversary last year, we remain focused on creating value for the Malaysian homebuyers and contributing to the nation's growth through quality developments,' he said. For the financial year ended Dec 31, 2024, Mah Sing recorded a revenue of RM2.52 billion, reflecting the group's ability to navigate market conditions through disciplined execution, strategic product offerings, and a focus on operational efficiency. The company also achieved RM1.01 billion in new property sales during the first five months of 2025, compared to RM992 million achieved in the same period in the preceding year. "This growth is driven primarily by the continued strong take-up of its 'M Series' affordable homes, which offer strategic locations, practical layouts, and competitive pricing to meet the needs of Malaysian homebuyers,' Mah Sing added. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
Mah Sing enters Fortune Southeast Asia 500 list second time
KUALA LUMPUR: Mah Sing Group Bhd has once again been named to the Fortune Southeast Asia 500 list, which recognises the region's largest companies by revenue for the 2024 fiscal year. This marks the second consecutive year the home-grown property developer has earned the accolade, a testament to its sustained regional impact and strong performance in delivering sustainable growth, operational excellence, and customer-focused projects. For the financial year ended Dec 31, 2024 (FY2024), Mah Sing recorded RM2.52 billion in revenue, demonstrating its resilience amid market challenges through disciplined execution, efficient operations, and strategic product offerings. In the first five months of 2025, the group achieved RM1.01 billion in new property sales, up from RM992 million during the same period last year. The growth is largely attributed to continued strong demand for its M Series affordable homes, which are known for practical designs, competitive pricing, and strategic locations. As a home-grown developer, Mah Sing is committed to building homes that meet the needs of Malaysians while continuing to grow sustainably, said the group's founder and group managing director Tan Sri Leong Hoy Kum. Mah Sing has nearly 65 projects across Malaysia and plans to launch over RM3.3 billion worth of new developments in 2025. The group has also maintained a 4-star rating in the Bursa Malaysia ESG Star Rating, ranking it among just six property developers with this recognition. Additionally, it is one of only four listed developers to be included in both the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Shariah Index, reinforcing its position as a leader in ESG practices.
