Mah Sing sells Apex Tower for RM63.1 million

KUALA LUMPUR: Mah Sing Group Bhd sold the 7-storey Apex Tower in Southgate development, Sungai Besi to Taiwanese Chen Ho-Yuan for RM63.1 million.

Jastamax Sdn Bhd, its wholly-owned subsidiary, had on Dec 15 entered into a sale and purchase agreement with Chen for the enbloc sale of the retail and office space with an approximate net floor area of 90,126 sq ft, the company said in a filing to Bursa Malaysia on Dec 15.

Apex Tower consists of two levels of retail space and five levels of office space with gross floor area of 109,280 sq ft. It forms part of the overall freehold Southgate commercial development project, which is located at the intersection of Jalan Dua and Jalan Sungai Besi.

Southgate comprises five blocks of multi-storey retail lots, office suites/duplexes as well as commercial car parking bays. The five blocks are Vox, Vivo, Vertex, Corporate and Apex.

The enbloc sale has helped to clock up total sales of RM678 million, exceeding the group’s full-year sales target of RM453 million.

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