Mah Sing Group Bhd plans to continue acquiring prime land or joint ventures to further its expansion strategy.

Managing director Tan Sri Leong Hoy Kum said the group is keen on both privately held land as well as Government lands that will be developed by the private sector as they have the track record, know how, branding and financial capacity to unlock and enhance the land’s value.

“We are also looking for a piece land of at least 1,000 acres, to create a whole township,” Leong told reporters after Mah Sing's AGM, Thursday.

Currently the Group has a total of 34 projects in Greater KL (Kuala Lumpur and Klang Valley), Penang island and Johor Bahru.

These yield a combined remaining gross development value and unbilled sales of approximately RM14 billion which can last for 5 to 7 years.

The group is optimistic the positive sentiments for the property market will continue, riding on the favorable employment conditions and stable economic growth.

Leong said, “Other key drivers that will continue to sustain and drive this sector will be our young population base, new household formation, high saving rates and good housing affordability due to a conducive financing environment. High impact projects like the MRT and Greater Kuala Lumpur will also drive property demand moving forward.”

Mah Sing has four projects located along the Sungai Buloh – Kajang Line.

Leong said, “It is a good time to buy properties now in view of the rising construction cost environment as buyers can lock in current property prices and enjoy borrowing rates which are still very reasonable.”

He added that buyers should consider the developer’s track record in terms of product delivery, quality, service and potential upside to the property.