Mah Sing eyes Penang market

Mah Sing is eager to make its presence felt in the robust Penang property market. “We
will consider developing a Legenda residential series if we venture to land-scarce markets like Penang island,” president and CEO Datuk Leong Hoy Kum said.
• This year, the company is looking to purchase two to three pieces of land in high growth markets in the Klang Valley, Johor Baru and Penang.
• On its commercial ventures, Datuk said “We are looking at building more Grade A offices that have retail and shop lots to meet the strong demand for such properties now. The occupancy rates for such property have reached 85% to 90%.Our aim is to maintain a 70% earnings contribution from sales of residential properties, with commercial property making up the balance.”