Mah Sing Group Berhad has just acquired 2 new pieces of land in Ampang and Cyberjaya with a gross development value of approximately RM1.2 billion.

Approximately 1.26km from the Group’s successful serviced residences project, M Suites Jalan Ampang, and less than 5km from KLCC, is M City Jalan Ampang, which sits on 4.7 acres of freehold land. It was acquired for RM114.9 million, which translates to RM560.63 psf.

Tan Sri Dato’ Sri Leong Hoy Kum, Group Managing Director and Group Chief Executive of Mah Sing Group Berhad said, “It is rare to find a sizable freehold land which has wide Jalan Ampang frontage of more than 700 feet and close to KLCC. With its prime location and our concept, we believe M City will be a preferred residential address as well as an excellent choice for those intending to set up businesses in the area or for investment purposes.”

Mah Sing also acquired approximately 34.86 acres of prime freehold land adjacent to its Garden Residence township in Cyberjaya for approximately RM51.6 million. This latest acquisition adds RM280 million to Garden Residence’s gross development value and augments the township size to 150 acres.

Tan Sri Dato’ Sri Leong Hoy Kum said, “It is certainly an opportune time to replenish our land bank in order to meet the strong demand and we intend to create an exclusive enclave of semi-detached homes on the new land.”