Mah Sing hits 73% of planned RM5b GDV

KUALA LUMPUR (May 30): Mah Sing Group Bhd has achieved 73% of the RM5 billion gross development value (GDV) planned, said its group managing director cum group chief executive Tan Sri Leong Hoy Kum.

Leong said the company was also scouting for more landbanks in Klang Valley, Penang, Sabah and Iskandar Johor.

"There are still seven months to go in this year so we need to lock in more land," said Leong, adding that Mah Sing wanted to maintain the lead position in the property market.

Mah Sing has 39 ongoing projects at the moment in various stages from planning to mature. Its ongoing projects are able to sustain the company's earnings for next eight years.