12 June, KUALA LUMPUR – Mah Sing Group Berhad (Mah Sing) today donated RM3 million to Tabung Harapan Malaysia at the Finance Ministry in Putrajaya. Its Group Managing Director Tan Sri Dato’ Sri Leong Hoy Kum accompanied by Executive Director Dato’ Steven Ng, Director of Group Strategy & Operations Jane Leong and Lionel Leong as well as Sr General Manager Lyanna Tew presented the cheque to Finance Minister Lim Guan Eng and Member of Parliament (MP) for Bangi Dr Ong Kian Ming.
Tan Sri’ Dato’ Sri Leong commented, “This is a corporate social responsibility effort above and beyond what we are doing with Mah Sing Foundation which is more focused on teaching the nations’ young via our educational programmes. For the first time in Malaysia’s history, we are seeing a groundswell of support to crowd-raise funds for the country. Everyone is inspired to help in their own way, and as a public listed company growing with the nation and serving the people’s needs, we are glad to be part of this effort.”
Mah Sing has been developing properties in Malaysia since 1994 and has 32 active projects in Klang Valley, Penang, Johor and Sabah. The group’s current focus is on affordable properties priced below RM500,000 which has proven to be a sweet spot as 79% are looking for homes below RM600,000.
Tan Sri Dato’ Sri Leong commented, “The current market is improving with a feel-good effect as the cost of living is reduced due to measures taken by the government such as zero-rated GST implementation. Malaysia’s medium to long term outlook is positive due to strong fundamentals such as young population and healthy GDP growth. We are also heartened by the Prime Minister’s announcement that the Government want banks to loosen lending rules for small businesses and first-time home buyers. This will certainly be a boost to the property market and also benefit Mah Sing as 71% of our buyers are 40 years old and younger, many of whom are buying their first property.”