Latest news with #MGrandMinori
New Straits Times
4 days ago
- Business
- New Straits Times
Mah Sing sets stage for exciting second half of 2025 with RM3.3bil new launches
KUALA LUMPUR: Mah Sing Group Bhd is set for a dynamic second half of 2025, with over RM3.3 billion worth of new property launches planned across Malaysia, with Johor taking centre stage. With accelerating infrastructure developments and growing interest from both Singaporean and local buyers, the developer is set to roll out a series of residential projects in the southern region, designed to deliver lifestyle, strong value, and sustainable long-term growth. "We've had a strong presence in Johor since 2000 and will continue to strengthen our operations and broaden our footprint there. The state has the potential to be one of the most liveable, well-connected and economically vibrant regions in the country, which makes it the ideal place for our next wave of developments," said Mah Sing's group chief executive officer and executive director, Datuk Voon Tin Yow. With over RM1 billion in sales recorded in the first five months of the year, the group is on track to meet its RM2.65 billion sales target. Mah Sing's strategic pivot in Johor builds upon the state's rising economic significance, proximity to Singapore, and the upcoming Johor-Singapore RTS Link – all of which position it as a key growth engine. M Grand Minori elevates urban living Leading the launches in Johor is M Grand Minori, the inaugural development in Mah Sing's new M Grand Series. With a gross development value (GDV) of RM1.5 billion, this freehold development occupies a prime 2.42-hectare (ha) parcel in Taman Pelangi, just 3 km from the upcoming Bukit Chagar RTS Link station, which will connect Johor Bahru to Singapore's Woodlands North in just five minutes. Targeting urban professionals, investors, and cross-border commuters, M Grand Minori offers a mix of serviced apartments and retail units designed for modern lifestyles. The development includes thoughtfully planned layouts, including dual-key options, that cater to investors seeking rental returns as well as multi-generational families. Surrounded by malls, hospitals, and top-tier schools, and connected via major highways like Tebrau, EDL, and the North-South Expressway, M Grand Minori offers the ideal blend of location, convenience, and modern city living. M Tiara 2: Gated living for growing families M Tiara 2 is a 40.63 ha residential development in Skudai with an estimated GDV of RM1.45 billion. Building on the success of the earlier M Tiara phase, the new project is designed to offer a wider range of housing options. Targeted for launch in Q4 2025, M Tiara 2 will feature a thoughtfully curated mix of double-storey terrace homes (from RM771,600), serviced apartments (from RM253,000), and cluster homes within a gated and guarded community. It will include shop offices. Nestled between the matured Mutiara Rini and Lima Kedai townships and 2.5 km from major commercial hubs, M Tiara 2 is an ideal choice for discerning families and upgraders looking for more space, better connectivity, and long-term value in southern Johor. Meridin East: A thriving township for families and investors Mah Sing's landmark 531.35 ha freehold township in Johor Bahru, Meridin East, is positioned just 2 km from the Senai-Desaru Expressway. This vibrant community is expanding with the much-anticipated launch of Allamanda Phase 6, Jasmine 3, and Ixora Park City in the second half of 2025. Stylish double-storey terrace homes in Allamanda Phase 6 and Jasmine 3 are attractively priced from RM499,000 and RM620,000, respectively – ideal for upgraders and young families seeking space, comfort and value. Meanwhile, Ixora Park City's shop offices, starting from RM775,000, offer an exciting opportunity for business owners and investors to tap into a growing community. Featuring a 9-acre scenic lake park and gated precincts, Meridin East is ideal for those seeking a safe, spacious, and nature-integrated lifestyle. Its strategic location provides direct access to Johor Bahru, Singapore, and key commercial zones within Iskandar Malaysia. A 42-acre industrial parcel is also power-ready and capable of supporting a 300MW building load. This site provides flexibility for data centre players or industrial users seeking scalable infrastructure in the southern region.* Mah Sing ramps up Klang Valley and Penang projects In the Klang Valley, Mah Sing continues to expand its M Series with accessible, well-located homes. In Semenyih, the 500-acre M Legasi township (GDV: RM3.3 bil) will launch Impira Phase 2 in August 2025, following strong take-up of Phase 1. Prices start from RM648,000 for double-storey terraces. Also progressing is M Aspira in Taman Desa (GDV: RM850 mil), just 5 km from Mid Valley, with serviced residences from RM452,000, while nearby Residensi Suria Madani offers affordable units from RM200,000. Both will benefit from a new road link enhancing access to key highways. Upcoming launches include M Aurora on Old Klang Road (GDV: RM660 mil), a transit-oriented project with twin 37-storey towers, and M Aria in Sentul (GDV: RM283 mil), offering family-sized apartments from RM498,000. Penang: M Zenni Launching in Batu Maung In Batu Maung, Penang, Mah Sing is launching M Zenni (GDV: RM309 mil), a freehold mixed-use project with 494 serviced apartments, near the Second Penang Bridge and close to Penang Silicon Island and the Free Industrial Zone. A sales gallery with show units opens in August 2025.
The Star
14-07-2025
- Business
- The Star
Property market outlook in 2H supported by OPR cut
PETALING JAYA: The local property sector is expected to regain momentum in the second half of 2025 (2H25) driven by falling interest rates, resilient mass-market demand and foreign direct investment-led activity in industrial and transit-oriented developments, says UOB Kay Hian (UOBKH) Research. In a recent note, the research house maintained an 'overweight' rating on the sector, projecting a 10.3% year-on-year (y-o-y) growth in revenue and 7.4% earnings growth in 2025. It said the 25-basis-point cut in the overnight policy rate (OPR) would support the earnings outlook. UOBKH Research estimated that the rate cut could lift developers' 2026 earnings modestly, with S P Setia Bhd potentially gaining 2%, Sunway Bhd by 1% and Eco World Development Group Bhd (EcoWorld Malaysia) by 0.5%, based on their respective floating-rate debt exposure of 40% to 60%. Monthly repayments for floating-rate mortgages could also drop by 3.4% based on a RM500,000 loan, enhancing buyer affordability. It noted that developers were also ramping up launches in Johor, particularly around the Bukit Chagar rapid transit system station location, with upcoming projects including Sunway's Soho units in Sunway Majestic and Mah Sing Group Bhd 's M Grand Minori. 'Overall, the increase in 2H25 launches should be well absorbed by a robust and less-speculative demand, supported by a tangible infrastructure progress enhancing cross-border connectivity, and a growing industrial activity backed by the Singapore and Johor governments under the Johor-Singapore Special Economic Zone or JS-SEZ,' said UOBKH Research. The mass-market housing segment remains resilient, with developers like Mah Sing, Matrix Concepts Holdings Bhd, Lagenda Properties Bhd and EcoWorld Malaysia offering homes priced below RM700,000. UOBKH Research noted that this segment benefits from structural drivers such as first-time homebuyers and minimum wage hikes. On the industrial front, the research house sees continued demand for land in Johor despite delays in some data centre transactions. It expects IOI Properties Bhd to conclude a 300-acre sale in Kulai by the third quarter, adding that 'we see a pocket of opportunities in the sector, especially among companies exposed to the Iskandar 2.0 theme'.
