Mah Sing bags best developer title in Euromoney Real Estate Awards 2009

KUALA LUMPUR: Mah Sing Group Bhd has been awarded the “Best Developer” in the Euromoney Real Estate Awards 2009. This is the second year running that the Group has been won the title.

Currently in its fifth year, the Awards canvasses the opinions of real estate developers, advisors, financial institutions, investors and end-users worldwide. The organiser, Euromoney Liquid Real Estate, is a publication focusing on international real estate financial markets.

Mah Sing’s group managing director and group chief executive Tan Sri Leong Hoy Kum said: “We are gratified to win the award for the second year running as voted by a team of peers and other professionals.”

He added: “Despite the challenging external environment, the Group managed to bag international and local awards, overshot its full-year sales target by 1.2 times, achieving RM543 million sales in just 7½ months and went ahead with land acquisitions as the Group is growth minded and here for the long term.”

Listed on the Main Board of Bursa Malaysia, Mah Sing has a total of 18 projects with a remaining gross development value and unbilled sales of approximately RM4.5 billion strategically located in the Klang Valley, Penang Island and Johor Baru.

The Euromoney Real Estate Award is based on surveys and assessments of the real estate sector’s performance and achievements over the past 12 months, and the winning companies are selected through a poll among real estate developers, advisors, financial institutions, investors and end-users. In the 2009 survey, there were 950 valid responses, a 16% increase from the 817 responses received in 2008.