Mah Sing targets higher 2026 sales after strongest property year in a decade at RM2.51 bil

PETALING JAYA (June 25): Mah Sing Group Bhd has recorded its strongest annual property sales in a decade at RM2.51 billion for the financial year ended 2025 and set a RM2.76 billion property sales target for 2026.

The group said in a statement today the higher target is supported by a RM3.45 billion launch pipeline and a broader earnings strategy that extends from industrial land to data centres. Mah Sing announced the figures at its 34th annual general meeting (AGM), where it described the sales performance as an important milestone for the group.

Mah Sing said its sales performance was supported by demand across its target segments and its planned project pipeline.

For the coming financial year, Mah Sing is targeting RM2.76 billion in property sales, representing about a 10% increase from FY2025. To underpin that ambition, the group has lined up a launch pipeline valued at RM3.45 billion, providing headroom above the group’s sales target.

The RM3.45 billion pipeline forms part of the group’s planned launches for the coming financial year. Further details on individual projects within that pipeline were not shared in the materials available at the time of publication.

Mah Sing said its growth strategy, as outlined at the AGM, includes several areas beyond traditional residential launches. The group highlighted strategic land acquisitions, industrial developments within the JS-SEZ, premium residential projects, data centre-related opportunities and the expansion of its manufacturing business as key drivers of earnings diversification in the years ahead. The group said these initiatives are expected to broaden its future earnings base.

Founder and group managing director Tan Sri Leong Hoy Kum said: “Mah Sing’s strong performance reflects the successful execution of a strategy we have consistently pursued over the years — focusing on resilient market segments, maintaining financial discipline and building multiple growth engines that can create sustainable long-term value for shareholders.”

“Beyond near-term property sales, we are strengthening our future earnings base through strategic land acquisitions, industrial developments within the JS-SEZ, premium developments, data centre-related opportunities and the enhancement of our manufacturing business,” he added.

“These initiatives position Mah Sing to benefit from Malaysia’s long-term economic growth, urbanisation and increasing investment inflows.”

The group also emphasised financial discipline and capital allocation at the meeting. Management described its approach as centred on balance sheet strength and sustainable shareholder returns.

Mah Sing Group Bhd is a Malaysian property developer with a portfolio spanning residential townships, integrated commercial developments and industrial properties across the Klang Valley, Penang, Johor and other key markets.

The group also operates a manufacturing division, providing revenue streams outside the property development cycle. It has been listed on Bursa Malaysia for decades and was recently recognised in the Fortune Southeast Asia 500 for the third consecutive year, underscoring its scale and regional standing.

Mah Sing said it will continue to pursue its planned launches and growth initiatives. Further details on specific project launches, pricing and timelines had not been made available at the time of publication.

..........

Read about emerging trends, data-backed insights, growing subsectors, and expert commentaries in EdgeProp print. Subscribe now for your free copy!