Mah Sing Properties Sdn Bhd (Mah Sing) plans to launch Phase 2 of its Hijauan Residence project in Cheras before year-end.

The second phase, comprising 30 semi-dees and bungalows with an estimated selling price of RM1 million per unit, has received over 1,000 enquiries. Meanwhile, Phase 1 has been 100 per cent sold.

The company also has plans to launch its four-storey hill villas project in Hijauan Residence next year, with an indicative selling price of RM2.3 million onwards. It also plans to focus on the medium to high-end market, while not ruling out the industrial property market like what it did 10 years ago.

Mah Sing believes its niche product offerings would help them avoid effects from the property market slowdown.

The company also disclosed it is currently seeking partners for joint ventures on commercial and residential developments in Vietnam.