Mah Sing’s RM260m Corus Hotel land deal pricey but reasonable at RM4,019 psf—analysts
Mah Sing plans to redevelop the land into high-end serviced apartments with an estimated gross development value (GDV) of RM1.
Mah Sing plans to redevelop the land into high-end serviced apartments with an estimated gross development value (GDV) of RM1.
“We are concerned that the estimated emissions from activities in just one sector can drive a rise in emissions equivalent to those of entire countries,” said RimbaWatch director Adam Farhan.
The contract spans Aug 22 this year to Aug 21, 2028.
It is learnt that MUI is fetching a price in the range of RM250 million to RM280 million for the four-star hotel that is a stone’s throw from the Petronas Twin Towers.
There would be a slew of contract awards in the next six- to 12 months, and positive headlines from the upcoming Budget 2026 to be tabled in Parliament in October, the research house noted.
The group said its securities will be traded and quoted under the new name, with stock codes remaining unchanged, according to its filing with Bursa Malaysia.
Forbes Asia specifically highlighted that the renewable energy, electric vehicle and data centre companies had benefited from the boost in momentum in their industries.
The majority of these proceeds, RM30 million, has been earmarked for property development expenditure in Johor.
The two parcels are located in Hamilton Industrial Park with a combined area of 15.