Mah Sing Group Bhd announced on 15 June 2009 that they have acquired a piece of freehold land in Johor Bahru measuring 5.7 acres for RM2 million. This works up to about RM8 per sq ft.
The newly acquired land is next to Sri Pulai Perdana 2 in Skudai, Mah Sing’s latest lifestyle township in Iskandar Malaysia. It is anticipated that the land will allow Mah Sing to enhance overall development planning in the area.
“Johor Bahru in Iskandar Malaysia continues to be a key market for us, besides Kuala Lumpur, Klang Valley and Penang island.” Said Mah Sing’s Group Managing Director cum Group Chief Executive Office Tan Sri Dato’ Sri Leong Hoy Kum.
As the result of this land acquisition, Sri Pulai Perdana 2’s land size and gross development value is increased to approximately 72 acres and RM225 million respectively.
Sri Pulai Perdana 2 is a gated and guarded freehold project located in Johor Bahru, Malaysia. Launched in February 2009, the development features modern link homes, super link homes, link semi-detached homes and shop offices.
Promoting community living, Sri Pulai Perdana 2 features a clubhouse and children’s playgrounds for residents. Clubhouse facilities include swimming pools, a gymnasium and barbeque pits. The development is just 10 minutes away from University Teknologi Malaysia, UTM Technovation Park and Johor Technology Park. It is also reportedly close to shopping amenities.