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Mah Sing enters JV in Kinrara
 
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Mah Sing enters JV in Kinrara
Jul 17, 2010
Mah Sing via its wholly-owned subsidiary Grand Prestige Development Sdn Bhd recently signed a joint-venture agreement with Mahajaya Berhad's subsidiary Medan Damai Sdn Bhd for the development of approximately 13.2 acres of land in Kinrara. As the developer, Mah Sing intends to rebrand the on-going mixed development known as Taman Damai Utama into a Residence Development boasting lush greenery and trend-setting layouts in a gated and guarded environment.

The land, owned by Medan Damai is a matured development with more than 600 units of 2 and 2 ½ storey terrace houses already sold and handed over. The commercial portion comprising more than 100 units of terrace shop and offices are also fully sold except for the bumiputra units. "This is an opportune joint venture for Mah Sing to replicate our success in Perdana Residence 2 in Selayang and Garden Residence in Cyberjaya where we saw very good sales due to the good location, strong concept and value proposition backed by our Mah Sing brand," said Mah Sing Group Berhad's Group Managing Director cum Group Chief Executive Tan Sri Dato' Sri Leong Hoy Kum. Launched in April 2010, 53 units of the 180 units of terrace houses have been sold to date. The land has a gross development value of RM100 million.
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Tags: joint venture, Kinrara, Mah Sing Group, Mahajaya Berhad

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