SUNGAI BULOH (Nov 8): Mah Sing Group Bhd said construction of its RM937 million D'sara Sentral mixed development here is ahead of schedule by 12 to 15 months, after the project clocked over four million safe man-hours without any lost time injury (LTI).
D'sara Sentral comprises five residential towers, namely the SoVo SA1, SA2, SB1 and OLO Residence, as well as a four-storey retail area. Launched in 2014, D'sara Sentral currently has an over 80% take-up rate, according to Mah Sing group managing director Tan Sri Leong Hoy Kum.
"Today's topping out ceremony not only marks a milestone for D'sara Sentral's safety achievements, but also Mah Sing's efficiency in delivering completed developments," Leong told reporters after D'sara Sentral's topping out ceremony here today.
"To achieve four million safe man-hours without LTI on a grand scale project like ours, is an outstanding feat. It can only be achieved with dedication and commitment in terms of safety awareness and effective implementation," Leong said.
The topping out ceremony marks the 99% completion rate for D'sara Sentral's retail, SoVo, SA1 and SA2 components, he added. These components are targeted for completion as early as second quarter of 2018.
Today, Leong said D'sara Sentral's SB1 and OLO Residence components are 55% and 52% completed, respectively. Leong said construction of both components is one year ahead of schedule, for completion by the first quarter of 2019.
At Bursa Malaysia today, Mah Sing shares settled at RM1.54 at 12:30pm, for a market value of RM3.73 billion. The stock saw 41,800 shares traded. — theedgemarkets.com
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