Mah Sing agrees to RM617.9m Southville City land disposal; YTL Power, JLand plan Sedenak data-centre campus

Mah Sing monetises Southville City land as data-centre strategy takes shape

Mah Sing Group Bhd has agreed to dispose of about 78.8 acres of commercial land within Mah Sing DC Hub @ Southville City in Selangor to WG Malaysia X Sdn Bhd for RM617.9 million cash, equivalent to about RM180 per sq ft.

In a Bursa Malaysia filing on Thursday (Aug 20), Mah Sing said its wholly owned unit Southville City Sdn Bhd had entered into a conditional sale and purchase agreement for the proposed disposal. WG Malaysia X is a wholly owned subsidiary of an international digital-infrastructure group. The purchaser intends to use the currently vacant land for data-centre-related development. Mah Sing said proceeds from the proposed disposal would be used for remaining infrastructure works and transaction expenses, working capital, and future development and investment activities, including opportunities under its digital-infrastructure strategy. Founder and group managing director Tan Sri Leong Hoy Kum said digital infrastructure could complement Mah Sing’s property development business and become a second growth engine over time.

Separately, the group is assessing a proposed colocation data centre within the hub, potentially with an experienced colocation operator. Mah Sing said the proposal remains at a preliminary stage and is subject to further assessment. Mah Sing DC Hub is within the group’s 428-acre freehold Southville City township. Mah Sing said the location has access to power, water, high-speed fibre connectivity and transport links.

YTL Power, JLand plan gigawatt-scale data-centre campus at Sedenak Tech Park West

YTL Power International Bhd and JLand Group have announced a strategic partnership for a proposed joint development that will include a gigawatt-scale data-centre campus at Sedenak Tech Park West in Johor.

Under the arrangement, YTL Power’s subsidiary SIPP Power Sdn Bhd will acquire about 145 acres within Sedenak Tech Park West from JLand Group’s subsidiary JLG Technopark Sdn Bhd. SIPP Power also has an option to acquire up to a further 400 acres for future expansion, potentially bringing the campus footprint to about 545 acres. YTL Power owns 70% of SIPP Power, while SIPP Energy Sdn Bhd holds the remaining 30%. The companies said the Sedenak campus would complement YTL Green Data Center Park in Kulai, which has planned capacity of up to 1.2GW. The announcement did not separately specify Sedenak’s planned power capacity.

JLand Group, the property arm of Johor Corporation, is the master developer of Ibrahim Technopolis, which includes Sedenak Tech Park West and is located within the Johor-Singapore Special Economic Zone.

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Today's roundup

The day’s property news was led by two digital-infrastructure developments. Mah Sing agreed to dispose of 78.8 acres at its Southville City hub in Selangor for RM617.9 million to WG Malaysia X, a subsidiary of an international digital-infrastructure group, while separately assessing a proposed colocation data centre at the hub. The proposal remains preliminary. In Johor, YTL Power and JLand Group announced a proposed gigawatt-scale data-centre campus at Sedenak Tech Park West. SIPP Power will acquire about 145 acres, with an option for up to a further 400 acres, potentially bringing the site to about 545 acres. The companies said the campus would complement YTL’s Kulai park, which has planned capacity of up to 1.2GW, but did not separately disclose Sedenak’s capacity. Data-centre opportunities also featured in NCT Alliance’s quarterly update. The group is exploring potential opportunities at NCT Smart Industrial Park under a term sheet covering about 100 acres, as 2QFY2026 net profit declined 16.7% to RM20.5 million and revenue fell 56.9% to RM87.05 million. Elsewhere, 7-Eleven Malaysia completed its RM19 million acquisition of land in Seri Kembangan for an intended purpose-built facility adjacent to QVI Foods’ existing commissary. YTL Corp’s property investment and development segment recorded a pre-tax loss of RM88.66 million in 4QFY2026 despite a 43% rise in segment revenue, while Crest Builder reported an 84% rise in quarterly revenue and an outstanding construction order book of about RM1.9 billion. Sime Darby Property and PAM also opened registration for the Concept Home 2035 competition, seeking residential design proposals for a proposed 171.93-acre site at Elmina Hills.