Mah Sing bags ‘Best Developer – Industrial/Warehouse’ award 2017 by Euromoney magazine

Mah Sing bags ‘Best Developer - Industrial/Warehouse’ award 2017 by Euromoney magazine

Kuala Lumpur, 2017– Internationally renowned finance magazine Euromoney named Mah Sing Group (Mah Sing) winner of the 13th Annual Real Estate Survey for Best Developer – Industrial/Warehouse in Malaysia, 2017.

This is the fourth time that Mah Sing has been awarded Euromoney’s Best Developer – Industrial/Warehouse in Malaysia. The Group has also previously won other accolades by Euromoney Magazine which include Euromoney’s Best Developer Overall in Malaysia (four times) and Euromoney’s Best Managed Company in Malaysia (2013).

Mah Sing’s Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum shared “Mah Sing is very honoured to receive this prestigious award by Euromoney Magazine. This award is testament to the Group’s vision to reinvent spaces and enhance the lives of our buyers. We pride ourselves on the quality of our developments as well as our 4-in-1 business concept which we pioneered as part of our i-Parc series.”

Euromoney Magazine’s 13th annual Real Estate Survey canvassed the opinions of real estate advisors, developers, investment managers, corporate end-users and banks. The two part survey was conducted from May to June 2017 and received a total of 2,462 valid responses from 1,218 firms in 75 countries.

Mah Sing’s i-Parc Series Leading the Way in Industrial Development

The Group’s flagship industrial product, the i-Parc series offers a 4-in-1 business concept where both front-end and back-end operational processes are catered for. Front-end operations like showrooms or corporate offices can be housed in the same space as back-end operations like warehousing and production.

Mah Sing’s i-Parc series currently includes i-Parc@Bukit Jelutong, i-Parc 2@Shah Alam, i-Parc 3@Bukit Jelutong in the Klang Valley as well as i-Parc@Tanjung Pelepas in Iskandar Malaysia, Johor. The Group will also be launching its new industrial park development in Bukit Mertajam, Penang tentatively scheduled in October 2017.

“Aside from our 4-in-1 business concept which has been well received by our customers, we also place our i-Parc developments is strategic locations with good accessibility to major road networks and in established industrial addresses which have ready infrastructure and amenities to cater to business needs,” shared Tan Sri Dato’ Sri Leong Hoy Kum.

He continued “Our i-Parc@Tanjung Pelepas for example, is located only 1km from the Tanjung Pelepas Port which is ideal for logistics based companies. In addition, the development has excellent accessibility as it is approximately 18km to the Iskandar Coastal Highway and approximately 5.5km to the Tuas –Singapore 2nd Link Expressway. The combination of good accessibility and strategic location make i-Parc@Tanjung Pelepas an ideal development for both local and foreign companies.”

Mah Sing’s 210 acre i-Parc@Tanjung Pelepas comprises 201 units of 3–storey retail shops with built ups from 4,285 sq ft, priced from RM869,000, 180 units of semi-D factories with built ups from 5,075 sq ft – 6,475 sq ft, priced from RM2.5million and 83 units of detached factories with built ups from 8,800 sq ft – 10,000 sq ft, priced from RM4.5million.

New Industrial Park in Penang To Continue The Legacy Of i-Parc Series

Mah Sing has plans to continue with its i–Parc series with the development of an industrial park in Bukit Mertajam, Penang. The 17.3 acre freehold development is located along the south-western side of Jalan Permatang Tinggi, fronting the Federal Route 1.

The proposed industrial park which has an estimated GDV of approximately RM150million, will offer well-conceptualised multi-functional industrial spaces comprising a mix of shop offices and light industrial factories.

The development’s strategic location fronting the Federal Route 1 places it only 3km to Simpang Ampat, 5.5km to Juru, 10km to Bukit Mertajam and 11km to Butterworth. The development also has good road accessibility to the North South Expressway (5.6km away), Penang Bridge (13.4km away), and Second Penang Bridge (17km away). The Penang Port (18km away) and Penang International Airport (31.1km) are also important business locations which are close to the site.  It is tentatively scheduled to launch in October 2017.

Subscribers to Euromoney can access all of the rankings online at www.euromoney.com.

 

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