Mah Sing Launches Business Incentive Grant Programme For Commerical Products At Mirf Exhibition

Mah Sing Launches Business Incentive Grant Programme For Commerical Products At Mirf Exhibition

Kuala Lumpur, 2017 – Mah Sing Group Berhad (Mah Sing) launched its Business Incentive Grant programme for the Group’s commercial products during the Malaysia International Retail and Franchise (MIRF) Exhibition today at Mid Valley Exhibition Centre.

The programme will provide eligible applicants with business grants should they purchase one of Mah Sing’s six (6) participating projects which include Lifestyle Shops @ Southville City, Retail Shops @ D’sara Sentral, M Galleria Shops @ M Residence, 2-storey Shops @ Lakeville Residence, and Garden Boulevard Shops @ Garden Residence in the Klang Valley as well as The Meridin Walk Lifestyle Mall @ Medini in Iskandar Puteri Johor. The Business Incentive Grant programme is on-going until 31 December 2017. Mah Sing is the diamond sponsor of the MIRF Exhibition.

Mah Sing’s Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum shared, “The MIRF exhibition is the perfect platform for us to reach out to franchise and retail owners and showcase our commercial products. This was the reason why we felt it was timely for us to launch our Business Incentive Grant programme. The six projects under this programme are quality developments in strategic locations across Klang Valley and in Iskandar Puteri, Johor. We encourage entrepreneurs, business owners and investors to take advantage of this programme.”

Present at the launch was the guest of honour, Minister of Domestic Trade, Cooperatives, and Consumerism, Y.B. Dato’ Seri Hamzah Bin Zainudin, Mah Sing’s Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum, Mah Sing’s Chief Executive Officer, Datuk Ho Hon Sang, MIRF 2017’s Organising Chairman, Dato’ Liew Bin, Malaysia Retail Chain Association’s (MRCA) President, Dato Garry Chua and MRCA’s Immediate Past President, Dato’ Liaw Choon Liang.

Tan Sri Dato’ Sri Leong Hoy Kum shared “Retailers and franchise owners are a large customer base for Mah Sing as approximately 28% of our remaining gross development value (GDV) and unbilled sales are commercial developments, spread across Kuala Lumpur and Greater Kuala Lumpur, Penang, Johor Bahru and Kota Kinabalu. Our focus is to enhance the lives of our buyers and this programme will help entrepreneurs, business owners and investors to own a quality commercial unit. Our Lifestyle Shops @ Southville City was the pioneer project to give out business grants but we decided to include five (5) more developments and extend the validity period as we wanted to give our buyers more options.”

Mah Sing Providing Quality and Strategic Projects under Business Incentive Grant Programme

The Business Incentive Grant programme will help support owner occupiers during the initial phase of starting their business as well as investors looking to own one of our units. The business grants will only be given to approved applicants and Mah Sing will screen through the type of businesses being operated in order to ensure it will complement and add value to the development.

Tan Sri Dato’ Sri Leong Hoy Kum shared “The projects which are part of the Business Incentive Grant programme were handpicked as they are of exceptional quality and are in prime locations for business ventures. In addition, some our developments such as M Galleria Shops @ M Residence and Garden Boulevard Shops @ Garden Residence are completed and ready for occupancy while our Lifestyle Shops @ Southville City will be handing over Vacant Possession (VP) from September 2017 onwards. The retail components for D’sara Sentral and Lakeville Residence in the Klang Valley as well as Meridin Walk Lifestyle Mall @ Medini in Iskandar Puteri Johor are all scheduled for completion in 2018.”

The six (6) participating projects under Mah Sing’s Business Incentive Grant programme are:

1. Lifestyle Shops @ Southville City (KL South)

Comprises 208 units of 2 storey lifestyle retail shops with land size of 20’ x 65’ (ground floor) & 20’ x 75’ (upper floor) and built-ups from 2,643 square (sq) feet (ft).The units are priced from RM1.8million. The lifestyle shops will have a ready catchment of 15,800 from Avens Residence and Savanna Executive Suites and can also tap into the Kuala Lumpur population and the neighbouring communities such as Putrajaya, Cyberjaya, Bangi, and others. Southville City is located just next to the KL-Seremban Highway (Northbound side) and will only be 19km to Kuala Lumpur once the direct interchange to the KL –Seremban Highway is completed in December 2017.

2. Retail Shops @ D’sara Sentral (PJ North)

Comprises 105 units of 2 storey and 4 storey retail shops with built-ups from 738 sq ft – 2,796 sq ft. The units are priced from RM1.65 million.D’sara Sentral is a transit oriented development with a direct link to the Kampung Selamat MRT station under the Sungai Buloh-Kajang (SBK) MRT Line 1. The 51km SBK MRT Line 1 has a total of 31 stations and currently runs from the Sungai Buloh station to the Semantan station. The line is expected to be fully operational by July 2017 and it will only take about 35 minutes to reach the city centre (Bukit Bintang station). D’sara Sentral has a ready catchment of approximately 4,300 residents within the development as well as its nearby communities and is only 3 stations away to the SEGi University, Kota Damansara campus (Kota Damansara MRT station) which has a student population of 8,000 and close to the upcoming Help University Subang 2 campus.

3. M Galleria Shops @ M Residence (Rawang)

Comprises 63 units of 2 storey shop offices with a land size of 22’ x 75’ and built-up of 3,222 sq ft (intermediate) as well as 45 units of 3 storey shop offices with a land size of 24’ x 80’ and built-up of 5,606 sq ft (intermediate). The units are priced from RM1.36 million (2 storey) and from RM1.66 million (3 storey) respectively. M Galleria is easily accessible from New Klang Valley Expressway (NKVE), LATAR Highway, and Guthrie Corridor Expressway. The development is also well connected to surrounding mature townships which include Batu Arang, Anggun City, Bandar Tasik Puteri, Bandar Country Homes and Rawang town.

4. 2-storey Shops @ Lakeville Residence (Jalan Kuching Kuala Lumpur)

Comprises 19 exclusive units of 2 storey shops fronting Jalan Sibu with land size from 17’x 51’ (ground floor) & 17’ x 30’ (upper floor) with built-ups from 1,517 sq ft. The units are priced from RM1.57million. The entire Lakeville Residence development is situated on the prosperous stretch of activities along Jalan Sibu, well connected to Jalan Kuching, Jalan Ipoh, Jalan Kepong, DUKE Highway and the MRR 2 Highway. The development is located in the mature neighbourhood of Taman Wahyu and is just 1.3km to the Taman Wahyu KTM station and approximately 2km from Sri Delima MRT station under the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line 2 which is scheduled for completion by 2021.

5. Garden Boulevard Shops @ Garden Residence (Cyberjaya)

Comprises 58 units of 3 storey dual frontage retail shops with a land size of 26’ x 70’ with built-ups from 1,824 sq ft. The units are priced from RM1.2 million. Part of Mah Sing’s Garden Plaza, Garden Boulevard Shops have a ready catchment of approximately 7,000 within the development. Situated in the Garden Residence township which has an estimated population catchment of 58,000 people.

6. The Meridin Walk Lifestyle Mall @ Medini (Iskandar Puteri Johor)

Comprises 188 units of retail shops on the podium floor with built-ups from 579 sq ft to 2,058 sq ft. The units are priced from RM1.18million. The Meridin@Medini strategically fronts the protocol road to Kota Iskandar and is just 1km to Legoland Malaysia, Gleneagles Hospital Medini and Mall of Medini. The development is also only 3km from Puteri Harbour, Pinewood Studios and EduCity, Iskandar Malaysia. In addition, The Meridin@Medini is 13km to the Tuas-Singapore Second Link and 22km to Johor Bahru City Centre and CIQ.

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