Search Articles

Find tips, tools and how-to guides on every aspect of property

Mah Sing welcomes KPKT Minister’s announcement on new affordable housing policy, confident that its business strategy on the right track

Datuk Ho Hon Sang, Mah Sing CEO

KUALA LUMPUR, 15 October – In response to a statement by Housing and Local Government Minister Zuraida Kamaruddin in The Edge article dated 12 October 2018, Mah Sing’s Chief Executive Officer Datuk Ho Hon Sang said that the Group is confident that it is on the right track with “74% of our targeted residential sales in 2018 priced below RM500,000”.

In the article, Housing and Local Government Minister Zuraida Kamarddin said that the Government will incorporate three categories of affordable housing that will be constructed under the National Housing Policy, with houses fetching RM150,000 and below, RM150,000 – RM300,000 and RM300,000 – RM500,000 making up the new categories.

“Mah Sing welcomes this announcement as we been developing affordable priced homes since 2015, in an effort to enable everyone to own a home,” said Datuk Ho Hon Sang.

Aligning with this, Mah Sing embarked on a Reinvent Affordability campaign, late last year, covering four projects namely M Centura in Sentul, M Vertica in Cheras, M Vista in Penang and Fern phase 2 in Meridin East, Johor.

“Our customers are our priority; hence, our focus is to deliver products that is in demand and strategically located with added accessibility and connectivity,” he also said.

In April this year, Mah Sing also launched its dedicated interchange for its Southville City project in Bangi, significantly easing travelling in and out of the township. Over in Johor, Mah Sing is also constructing a direct access from its Meridian Bayvue to the Johor Bahru East Coast Highway as well as a connecting road into the Tanjung Langsat – Cahaya Baru Toll Connecting Highway for its Meridin East Township.

“Moving forward, we will continue to enhance the lives of our customers by developing accessible and well-planned products. We want to position Mah Sing as a big contributor for the development of affordable homes for the nation,” said Datuk Ho Hon Sang.

Mah Sing has been crafting homes for Malaysians for over 24 years and currently has 47 projects in Malaysia’s property hotspots. It is one of the few fully integrated developers with residential, commercial and industrial portfolios, having sold, to date, approximately 39,000 units.

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles