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Old September 21st, 2012, 05:22 AM   #1
davidwsk
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SOUTHVILLE CITY | Selangor (Bangi) | U/C

Mah Sing on lookout for land in prime areas

21-9-2012

KUALA LUMPUR: Mah Sing Group Bhd is on a buying spree to acquire land banks that can generate a gross development value (GDV) of RM5 billion this year.

Its group managing direc-tor and group chief executive, Tan Sri Leong Hoy Kum, said the company has ac-quired land with a total GDV of RM3.62 billion so far and is on the lookout for land banks that can give it a yield of at least RM1 billion.

"We are definitely on the lookout for land banks in prime areas such as Klang Valley, Penang, the Iskandar region in Johor and in Sabah," he told reporters after the companys extraordinary meeting at its headquarters, yesterday.

He said the company would redesign its housing concepts to include more townships that have plenty of affordable homes.

"This does not mean that we are doing away with the luxury concept but we have to listen to what the market wants and they want affordable homes," he said.

He said so far, Mah Sing had purchased three pieces of land this year in Rawang (RM41 million), Sabah (RM80.5 million) and soon, a parcel of land in Bangi for RM333.3 million.

"We are looking at building homes that will be priced below RM1 million and that will comprise mainly the types of homes that we are planning to build in the future," he added.

He said during yesterday's meeting, the shareholders had approved the acquisi-tion of the Bangi land meant for the SouthVille city township, which will kick-start next year.

The SouthVille city will be on a 166.7-hectare site and expected to be completed in the next eight years, starting from next year.

"We plan to have a range of affordable units that will include small office-home office units (Soho), affordable link homes and lifestyle suites priced from RM208,000 to RM530,000.

"We will start work on this project in the third quarter of next year and the first phase will be the affordable range that will be completed by 2016," he added.


More : http://www.btimes.com.my/Current_New...#ixzz2743fTMhR
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Old September 21st, 2012, 05:39 AM   #2
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Mah Sing still seeking more land

KUALA LUMPUR 20-9-2012

..

Shareholders unanimously approved the group’s acquisition of some 412 acres in Bangi which the group intends to develop into Southville City, a mixed township of residential and commercial properties.

“This will be the biggest township project ever for the Mah Sing group,” said Leong.

The group announced earlier this year that it was acquiring the 412 acres from Boon Siew Development Sdn Bhd for RM333.04 million.

The freehold land has an estimated GDV of RM2.15 billion.

“We plan to meet market demand by exploring the feasibility of offering affordable SoHo and lifestyle suites from RM208,000,” Leong said.

Phase one of the development — which will be launched in the first quarter of 2013 — will comprise affordable lifestyle suites starting from RM208,000 and double-storey link homes starting from RM530,000.

“This will be on top of our landed units and low-rise commercial units, which will create diversity in offering with emphasis on affordability,” said Leong.

More : http://www.theedgeproperty.com/news-...more-land.html
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Old September 21st, 2012, 06:45 AM   #3
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http://www.southville-city.com/
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Old September 22nd, 2012, 06:06 AM   #4
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completed in the next eight years?
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Old October 17th, 2012, 06:03 PM   #5
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hi. has this project launched?
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Old April 1st, 2013, 09:02 AM   #6
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Savanna Executive Suite
Southville City @ KL South, Bangi, Selangor
From RM280,000

lol!!!!!how can dey consider BANGI as KL SOUTH??? wats next??? Seremban???
http://www.iproperty.com.my/developm...xecutive_Suite

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Old April 1st, 2013, 10:48 AM   #7
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Quote:
Originally Posted by rizalhakim
Savanna Executive Suite
Southville City @ KL South, Bangi, Selangor
From RM280,000

lol!!!!!how can dey consider BANGI as KL SOUTH??? wats next??? Seremban???
http://www.iproperty.com.my/developm...xecutive_Suite
Lol.. Bangi is even farer than putra jaya..
Kl south? Next will be semenyih nilai seremban then melaka
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Old April 3rd, 2013, 08:48 AM   #8
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15minits?????
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Old April 9th, 2013, 08:24 AM   #9
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Savanna Executive Suite

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Old May 30th, 2013, 05:35 AM   #10
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http://www.iproperty.com.my/developm...ifestyle_Shops)








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Old May 30th, 2013, 06:19 AM   #11
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Mah Sing boosted by land purchase

Posted on May 30, 2013 - Property News.


Artist’s impression of commercial hub at Mah Sing’s upcoming Bangi township, Southville City.

The upgrade reflects on Mah Sing’s acquisition of two strategic pieces of land in the Klang Valley and Johor as well as higher gross development value (GDV) for Southville City.

Mah Sing has announced two land deals worth a combined RM438mil. The first is the acquisition of 35 acres prime freehold land in Johor for an integrated development called The Meridin@Senibong.

We believe the indicative land cost of RM238 per sq ft (psf) is fair as it gives Mah Sing a strategic foothold in prime seafront land that overlooks Singapore and located adjacent to the highly sought-after Senibong Cove development. It is also bounded by the matured Permas Jaya township.



The Meridin@Senibong has an indicative GDV of RM4.3bil, to be developed over four to five years. We estimate the project to realise average profit before tax (PBT) margins of about 24%.

The second deal involves the acquisition of 12 acres in Taman Wahyu, Kuala Lumpur for RM73mil (RM135 psf). The project on the said land is to be called Lakeville Residence with GDV of RM1.1bil.

Similar to The Meridin@Senibong, the soft-launch for Lakeville Residence is slated by the first half 2014. Located just 700m away from the Taman Wahyu KTM station, the project enjoys a wide catchment of matured townships such as Kepong, Selayang and Batu Caves with upgraders and first-time home owners being the primary targets.

Mah Sing disclosed that it had received approval for a dedicated interchange for Southville City to be located approximately 2.5 km from the existing Bangi interchange along the North-South Expressway.

Mah Sing has also moved to acquire small pockets of land surrounding Southville City to enhance its overall master plan. Along with the new interchange, this has resulted in a potential RM1.5bil boost to projected GDV.

The latest land deals (already three in 2013) reflect Mah Sing’s astute landbanking manoeuvres, and helps provide a strong platform for future NAV growth. Together with the enhancement initiatives made at Southville City, this bumps up the group’s GDV by RM7bil to RM26bil.

Mah Sing reported a strong first quarter period with net profit expanding 25% year-on-year at RM69mil on higher earnings before interest and tax margins of 23.3% from 21.7% in the first quarter 2012. It remains firmly on track to meet financial year 2013 forecast new sales target of RM3bil (first quarter 2013: RM750mil). The unbilled sales stood at RM3.5bil as at March 31, 2013.
http://www.starproperty.my/index.php...land-purchase/
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Old July 23rd, 2013, 09:18 AM   #12
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16,000 registered for Mah Sing’s Bangi launch, 956 sq ft suites priced from RM280K

Posted on July 23, 2013 - Featured, Property News.





Registration for Mah Sing’s other upcoming projects are also open: Lakeville Residence in Bangi (with GDV of RM1.15b), Meridin @ Medini in Iskandar Malaysia (GDV RM1.1b) and Meridin @ Senibong near Johor Baru (GDV RM4.35b).

Southville City Bangi will be launched by year end. Phase 1 comprises of 2- and 3-storey lifestyle retail shops and executive suites. Built-up areas of the executive suites is 956 sq ft onwards and pricing start from RM280K. Phase 2 will be link homes. As at Jul 15, there were 15,900 registrants for the project.


The Savanna executive suites in Southville City, Bangi will be priced from RM280K.

First phase of Meridin which comprises of 2 blocks of residential suites was launched in May 2013. The 3rd block was launched over the weekend

The first phase of Lake Ville Residence are serviced residence with size ranging from 950 sq ft to 1,200 sq ft. Registration of interest for the project will commence in 2H13, with preview in 1H14.

Mah Sing’s fundamentals are strong with unbilled sales of RM3.6b driven by record breaking sales for the past few years, added MIDF.


http://www.starproperty.my/index.php...ard-to-4q2013/
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Old August 17th, 2013, 05:37 PM   #13
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17/8/13

image hosted on flickr

Southville City by Izz_R, on Flickr

image hosted on flickr

Southville City by Izz_R, on Flickr

image hosted on flickr

Southville City by Izz_R, on Flickr

image hosted on flickr

Southville City by Izz_R, on Flickr
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Old August 28th, 2013, 04:26 PM   #14
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- Commercial Hub
- Luxury Residences
- Hotel
- Apartment & Service Residences
- International School
- Park & Trails
- Retail Mall
- Office Towers


http://youtu.be/sRYWFxfbPX8
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Old September 23rd, 2013, 02:24 PM   #15
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9.45AM @ Wisma Mah Sing (on Sat) - LIVE pics by Umar M Hanim

Project -->>> Savanna @ Southville City, KL South (Bangi)



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Old September 27th, 2013, 03:01 PM   #16
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Quote:
Buyers show strong interest in Mah Sing’s Savanna

27-9-2013

SELANGOR: Mah Sing Group Bhd saw a huge turnout of interested registrants collecting their ballot numbers last Saturday, ahead of the private balloting session for its upcoming development — Savanna Executive Suites in Bangi, which will be held on Saturday.

“The queue began at 7.30am (last Saturday), ahead of opening at 10am, and began snaking its way down the corridors of the sales office,” said Mah Sing in a statement.

Savanna Executive Suites is the first phase of the 428-acre (173.2ha) project known as Southville City@KL South, which is Mah Sing’s largest township development to date.
More: http://www.theedgeproperty.com/news-...s-savanna.html
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Old September 28th, 2013, 05:39 PM   #17
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Southville @ KL City by Mah Sing
by benjamin son on ptlm

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Old September 28th, 2013, 07:31 PM   #18
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please google 1st b4 u posting....dats nouvelle hotel seri kembangan...
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Old September 28th, 2013, 07:50 PM   #19
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Wait, is this Seri Kembangan or Bangi?
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Old September 28th, 2013, 08:10 PM   #20
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Quote:
Originally Posted by rizalhakim View Post
please google 1st b4 u posting....dats nouvelle hotel seri kembangan...
Rizal, definitely pat know where the project location is. But the preview/sales can be at various locations. May be he just forget to put that in his pic above.


Quote:
Originally Posted by W3raq View Post
Wait, is this Seri Kembangan or Bangi?
Project is in Bangi. Can't you read from the title above?
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