Mah Sing Group Bhd (Mah Sing) was awarded three awards by Euromoney Liquid Real Estate Awards 2008 last month, one of which is the ‘Top Developer Overall Malaysia’ award.
The other two awards are ‘Best Office/Business Developer Malaysia’ and ‘Best Mixed-Use Developer Malaysia’. The developer won these out of seven categories.
“We are extremely gratified by this recognition especially since this is based on the judgment of peers and other professionals involved in global real estate,” said group managing director and group chief executive, Dato’ Seri Leong Hoy Kum.
“It is testament to the talent and hard work of our entire organisation, which continues to build a leadership position for Mah Sing in our quest to be a regional, world-class developer,” he added.
The ‘Top Developer Overall Malaysia’ award recognises Mah Sing as a major Malaysian builder of quality luxury homes and a forward-thinking business/commercial developer. The recognition also highlights Mah Sing as a consistent provider of high quality and profitable real estate projects.
Listed on Bursa Malaysia as a Kuala Lumpur Composite Index stock venture into property development in the 1990s, Mah Sing currently has 14 projects in Klang Valley, Johor Bahru and Penang. The group’s residential and commercial projects are focused on the medium- to high-end property segments in Malaysia.
“Our business decisions are based on unlocking and maximising the value in the company’s assets, prudent financial planning and improving capital efficiency. We also believe that effective two-way communication with investors not only inspires confidence towards the group, but also demonstrates our commitment in promoting good corporate governance. We will continue to enhance and protect shareholder value with well planned corporate strategies as thanks for their trust and confidence,” said Leong.
The Euromoney Liquid Real Estate Award is based on surveys and assessments of the real estate’s sector performance and achievements over a period of 12 months, and the winning companies are selected through an annual real estate awards poll organised by Euromoney Liquid Real Estate magazine’s research team. Target respondents include real estate developers, advisors, financial institutions, investors and end-users.
Currently in its fourth year, the awards cover developers, lenders, advisory firms, investment banks, investment managers and property management firms from over 50 countries, across a range of regional categories.
The official award presentation was held at a gala dinner in London in early October.
