Mah Sing Group has acquired 115.25 acres of prime freehold land in Cyberjaya for the purpose of developing medium to high end residential as a part of the Group’s Residence series.

The RM690 million gross development value Garden Residences project is envisioned to be a self-contained mini-township with a clubhouse. Two- and three-storey superlink homes with 2,800 sq ft built up onwards will be priced from RM668,800 whole two- and three- storey semi-detached homes with 3,000 sq ft will be priced from RM798,000. Meanwhile, 3,700 sq ft two- and three-storey bungalows will be priced from RM1.4 million onwards.

Managing director and CEO Tan Sri Dato’ Leong Hoy Kum said that there is a great demand for gated and guarded landed properties with good concepts and themes that brings good value. He cited that even RM1.5 million semi-detached homes in Putrajaya have seen good take-up although they are not gated and guarded.

“Our project offering, complemented with extensive soft and hard landscaping, clubhouse and various facilities and amenities will do very well,” he said.

Leong added that together with Garden Residence project in Cyberjaya, Mah Sing Group has a total of 17 projects with remaining GDV and unbilled sales of approximately RM4.4 billion in the Klang Valley, Penang island and Johor Bahru.

So far this year, Mah Sing Group has achieved RM543 million sales exceeding its full year target by 1.2 times. Unbilled sales stood at RM800 million.