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Old May 2nd, 2009, 09:56 AM   #21
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Old May 4th, 2009, 12:22 PM   #22
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Mah Sing bags 2 AsiaPac Property awards
Written by Joseph Chin
Wednesday, 29 April 2009 15:25

KUALA LUMPUR: Mah Sing Group Bhd’s Southgate Commercial Centre and Aman Perdana projects saw the lifestyle developer winning two coveted awards in the Asia Pacific Property Awards 2009.

Southgate in Kuala Lumpur was recognised as “Best Office Development in Malaysia”, whilst Aman Perdana in the Meru-Shah Alam corridor was named “Best Mixed Use Development in Malaysia”.

The awards, organised in association with CNBC Arabiya, would be presented to the winners at a gala dinner at the Marina Mandarin in Singapore on July 16.

Mah Sing said in a statement on April 29 the awards proved the group’s continued commitment to raise the benchmark as a premier lifestyle developer.

The Asia Pacific Property Awards 2009 was part of the International Property Awards, the world’s most prestigious competition dedicated to finding the best real estate professionals across the globe.

Mah Sing was named a winner of these coveted awards for three years from 2007 to 2009 which proved that Malaysia was not only able to compete at this level but also excel in this highly competitive Asia Pacific property arena.

Its innovative product development and quality of finishes, as well as committed customer service saw the group taking top honours in the property category in recent The BrandLaureate 2008-2009 awards.

The group also won in three categories in the Euromoney Liquid Real Estate Award 2008, which were Best Developer, Overall – Malaysia; Best Office/Business Developer – Malaysia and Best Mixed-Use Developer – Malaysia.

Mah Sing group managing director Datuk Seri Leong Hoy Kum said the group was gratified to be recognised for its development on an international level.

“Buying a property is quite probably the most significant personal expense anyone is likely to make during their lifetime. As a developer that is setting global standards, we will continue striving to live up to our buyers expectations by offering quality properties.

“Coming hot on the heels of our recent win namely Best Brand in Property in the prestigious The BrandLaureate Awards 2008-2009, these awards serves to encourage us and allow us to stand out in the crowded market place. We will continue to build a leadership position for Mah Sing Group Berhad whilst contributing to branding Malaysia globally,” he said.

Mah Sing, meanwhile, extended their “Easy Home Ownership” campaign to June 30, 2009. The campaign is a financing programme for their residential and commercial properties.

Of the purchase price, buyers are required to pay only 5% for residential properties, and 15% for commercial properties, with the balance payable upon completion of the properties. For completed residential properties, buyers can reduce their monthly installment payments by servicing only the interest on their loan amount for the first five years. Mah Sing Group will absorb the legal fees for the sales and purchase agreement, loan documentation, and memorandum of transfer for selected properties.

Mah Sing Group has 16 projects in Klang Valley, Penang island and Johor Bahru with RM3.8 billion worth of remaining gross development value and unbilled sales as at Dec 31, 2008.
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Old May 18th, 2009, 09:46 AM   #23
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Mah Sing makes the move to ride out the soft demand for homes
Monday May 18, 2009
By ANGIE NG

PETALING JAYA: Mah Sing Group Bhd will be building up its commercial property portfolio to ride out the soft demand for residential property that is expected to last until at least early next year.

President and group chief executive Datuk Sri Leong Hoy Kum expects commercial projects to contribute to about half of the company’s sales target of RM450mil and 40% of the company’s revenue for the financial year ending Dec 31.

Leong said Mah Sing intended to use its potential war chest of close to RM900mil to expand its landbank for more commercial and residential projects that fit its business model of quick project turnaround.


Leong ... 'We may go into real estate investment trust later on'.
It is looking to acquire one to two more pieces of land for integrated commercial developments next year.

“We see good demand for commercial properties, especially purpose-built buildings in prime locations and lifestyle commercial developments, including well-planned business parks, offices, shops, and retail space,” Leong told StarBiz.

He said most of the Grade A offices and shop offices in good locations were doing well and he expects prices to start climbing next year. Currently, office space is fetching between RM1,000 and RM2,000 per sq ft while shop offices are priced around RM500 to RM1,000 psf.

Although, all its commercial properties are for sale presently, “we may go into real estate investment trust later on.”

“At the moment, we see good demand for commercial properties, especially purpose-built buildings in prime locations and lifestyle commercial developments, including well-planned business parks, offices, shops, and retail space,” he said.

Mah Sing has five ongoing commercial projects in Kuala Lumpur and Penang worth a total gross development vaue of RM2.2bil. These projects will take between three and seven years to complete.

The Icon Jalan Tun Razak comprises two blocks of Grade A office space in the heart of Kuala Lumpur with a gross development value (GDV) of RM430mil.

With approximately 500,000 sq ft of net lettable area, it is slated for completion in the middle of this year. The office blocks have been sold to Kuwait Finance House and Kooperasi Felda.

The second in the Icon commercial series, Icon Mont’ Kiara worth RM305mil, will also be sold en bloc.

Southgate Commercial Centre in Kuala Lumpur comprises five blocks of office and retail space with 599,000 sq ft of net lettable area.

Three of the blocks are available for sale on strata basis, with retail lots ranging from 535 sq ft to 2,105 sq ft at average price of RM1,100 psf, and office suites from 587 sq ft to 1,712 sq ft at RM550 psf.

Close to 90% of the office and retail space in the three blocks has been sold for RM152mil and the RM458mil project is on track for completion by 2011.

Starparc Point in Setapak, Kuala Lumpur, on five acres, will comprise mainly 24 three-storey shoplots and 22 units of six-storey shop offices for a GDV of RM125mil.

It will be launched next month for completion in 2012.

In Penang, the commercial precinct of Southbay Penang is an integrated commercial hub within a resort-like setting.

Comprising fine-dining restaurants, retail outlets, service apartments and hotel suites, the project will have a GDV of RM911mil.

The project will be open for private preview around the year-end or the first half of next year.

It is expected to be completed within five and seven years from the project’s launch by the first half of next year.

Meanwhile, the residential precinct of Southbay Penang on 54 acres will have 284 super-link homes priced from RM795,000 and 76 bungalows priced from RM3.7mil.

The residences will be launched for sale next month and will have total GDV of RM518mil.
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Old June 6th, 2009, 12:15 PM   #24
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Southgate
Vibrant Workspace and Great Investment

As if it were not enough to offer precious commercial space in affordable chunks at a great location, Southgate’s vibrancy and sleekness are enough to turn it into an iconic landmark, too…

Work, play and overall lifestyle are converging. Although people are spending more of their waking hours than ever before in commercial centres, not many centres are equipped to fulfil these needs. The Southgate commercial development, with its brilliant blend of work and play, is thus expected to be one of the most sought-after business and retail addresses in the vibrant city centre.

Premium Space, Unbeatable Price, Great Returns

Southgate offers a golden opportunity for business owners or SMEs to capture a prime FREEHOLD office space in the city centre, only three km from KLCC – for as low as RM300,000! The developer, Mah Sing Group, found that Grade A office buildings in KL were now 94.5% occupied. Large companies or mushrooming SMEs craving for a medium-sized, affordable and contemporary office space have very few resources available.

This explains the demand for Southgate, with its creative work spaces, food and beverage and retail lots. Of the development’s five blocks, two (Corporate and Apex blocks) are available for en bloc sale while three (Vox, Vertex and Vivo) are available on a strata basis. Vox and Vertex units have been taken up assertively while Vivo has sold more than 90% of its units. These plush office spaces range from 587 sq ft to 1,712 sq ft, priced from RM300,000 onwards. Spaces are also fast filling up for the retail lots, ranging in size from 575 sq ft to 2,105 sq ft and priced at RM1.3 million onwards.

According to Andy Chua, Deputy Chief Operating Offer of the Mah Sing Group, investors can look forward to more than eight per cent in annual rental yields and fantastic capital appreciation. The current selling prices also offer excellent value, that’s unbeatable by other future developments in the area. The reason? Mah Sing obtained the land when it was still gazetted as an industrial zone (it is now gazetted as a commercial zone) and is passing the savings onto its buyers. Market studies also report a growth of 41.9% year on year for the commercial segment, with an average price increase of 30.7% year on year.

Half a Million Daily Catchment

Southgate’s strategic location on Jalan Sungai Besi gives unparalleled visibility and a catchment of 500,000 drivers a day passing through this “Southern Gateway” into Kuala Lumpur. From here, residents are also conveniently linked with the KL-Seremban Highway, Jalan Tun Razak and Jalan Mahameru. Other than that, bus and taxi services will be at the doorstep and an LRT station is a mere 1km away

“This excellent accessibility means that businesses have a greater catchment of clients and visitors, and it is also easier to get to your clientele in other areas,” says Mr Chua, adding: “Employers will also have a bigger talent pool of workers to draw from.”

Conveniences for the Modern Professional

With information technology a key business requirement today, Southgate offers wireless broadband infrastructure throughout the complex, allowing executives to work online even if they feel like doing it outdoors! Sleek, sophisticated and spacious architecture is weaved in seamlessly with artistic landscapes and water features, making work a pleasure for the modern professional. A retail podium encompassing the entire development offers an array of F&B outlets, fashion boutiques and other lifestyle shops – making it a draw for “local” business residents as well as an ideal “hangout” venue for other KLites after work. The complex also has a three-tier security system as well as more than 1,000 parking spaces.

Developing for the Premier Lifestyle

The Mah Sing Group Berhad is synonymous with trendy, quality homes in prime strategic locations. The Group has high-end and lifestyle projects in the Klang Valley (Damansara Legenda in Petaling Jaya, Perdana Residence in Selayang and Aman Perdana in the Meru-Shah Alam Growth Corridor) and Johor Bahru (the lifestyle township Perdana series).

Mah Sing has received numerous awards, domestically and regionally, including: Best Property Malaysia, Asia Pacific Property Awards 2008 in Association with CNBC, Best Development Malaysia, International Property Awards 2007 in Association with CNBC, Forbes Asia’s Best Under a Billion Award for three consecutive years from 2005-2007, The Edge for Top 30, Top Property Awards 2006-2007 and Top 100 Companies with Best Returns over 5 years 2006-2007, Top 1000 companies in Malaysia from the Ministry of Domestic Trade and Consumer Affairs, as well as landscape awards.

Southgate’s prime FREEHOLD units are still available but selling fast, so interested entrepreneurs and investors should take action NOW. Come visit the show office at Wisma Mahsing, Jalan Sungai Besi, Kuala Lumpur, or call 03-9221 6888 or visit www.southgate.com.my.
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Old July 5th, 2009, 12:25 PM   #25
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SOUTHGATE



A freehold commercial address fronting Jalan Tun Razak, Southgate is only 5 minutes away from the center point of KL city. The contemporary business lifestyle in Southgate - the first of its kind integrated commercial hub in Kuala Lumpur city - is built for exceptional success.

With high-speed wireless broadband infrastructure and cutting edge architecture, coupled with its strategic freehold location and convenient public transportation, Southgate is posed to be the best commercial property investment today.

Location: Jalan Tun Razak / Jalan Sungai Besi, Kuala Lumpur
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Old July 20th, 2009, 03:59 PM   #26
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Official Website: http://www.southgate.com.my/main.html



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Old July 20th, 2009, 09:56 PM   #27
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Old July 23rd, 2009, 08:10 PM   #28
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Quote:
Originally Posted by nazrey View Post
[IMG]http://www.**************/show/2009/05/02/10/52/3488286_806x454.JPG[/IMG]
Location:

[IMG]http://www.**************/show/2009/07/23/09/09/4557755_1024x391.JPG[/IMG]

[IMG]http://www.**************/show/2009/07/23/09/13/4557799_1024x403.JPG[/IMG]
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Old July 24th, 2009, 06:50 PM   #29
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[IMG]http://www.**************/show/2009/07/24/07/51/4569569_1003x639.JPG[/IMG]
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Old August 2nd, 2009, 06:09 AM   #30
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Quote:
Originally Posted by nazrey View Post
by rizalhakim



- TheStar

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Old August 13th, 2009, 05:57 AM   #31
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Mah Sing sells building en bloc to Felda co-op for RM226m
By Jeeva ArulampalamPublished: 2009/08/13

PROPERTY developer Mah Sing Group Bhd (8583)has made its second en bloc sale, this time of an eight-storey building with retail and office space, to Koperasi Permodalan Felda Bhd for RM226 million, helping the developer exceed its full-year sales target.

Mah Sing is selling the Corporate block under its Southgate development in Kuala Lumpur under a sale and purchase agreement signed yesterday.

While the Corporate block had garnered interest from several institutional investors, Mah Sing sweetened the deal for shareholder Koperasi Permodalan Felda to purchase the building by offering its 5/95 programme to the latter.

Five per cent of the sale consideration is paid upon the execution of the sale and purchase agreement while the balance is paid after each stage is completed.

"We have offered the programme as we are confident of the buyer's financial health," Mah Sing executive director of corporate and investment Ng Poh Seng said when contacted yesterday.

In an announcement to Bursa Malaysia, Koperasi Permodalan Felda said it will lease back the building to Mah Sing for two years based on an annual guaranteed rental of 8 per cent of the building sale price.

According to the group's 2008 annual report, Koperasi Permodalan Felda had a 8.47 per cent stake in Mah Sing as at April 29.

Mah Sing's first en bloc sale to Koperasi Permodalan Felda was in July 2007 when it sold The Icon Jalan Tun Razak (West Wing) for RM174.4 million.

Meanwhile, Ng said Mah Sing is still talking to several parties for the sale of its remaining Southgate office and retail block, APEX.

The Southgate development comprises of five buildings in total, of which three blocks (Vox, Vivo and Vertex) opened for investment on a strata basis yielded sales of RM163 million.

Yesterday's deal saw the developer record total sales of RM543 million for the first seven-and-a- half months of the year, more than its initial full-year target of RM453 million.

Its unbilled sales were RM800 million for the same duration, and Ng expects the sales to be realised within the next two to three years.

At a media briefing held in Kuala Lumpur yesterday, Mah Sing said it is acquiring 46.7ha of freehold land in Cyberjaya for RM130.5 million.

"The land will be a medium to high-end residential development, named Garden Residences, with an estimated gross development value (GDV) of RM690 million," said Mah Sing group managing director-cum-group chief executive Tan Sri Leong Hoy Kum.

The Garden Residences will be developed in two phases. Phase One, due to be launched early 2010 with a GDV of RM250 million, will have 267 superlink and 124 semi-detached units. Phase Two, with a GDV of RM440, will have 284 semi detached units and 70 villas.

"We are targeting to complete the development within three years and we should be able to book in about 30 per cent (of Phase One GDV) by the end of 2010," said Leong.

He added that Mah Sing was bullish about the property market and expects a recovery by the middle of next year.

The group has a total of 17 projects with remaining GDV and unbilled sales of RM4.4 billion located in the Klang Valley, Penang and Johor Baru.

On its ongoing talks with stakeholder Permodalan Nasional Bhd, Leong said that both parties are still discussing on future commercial ventures.
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Old September 2nd, 2009, 12:59 AM   #32
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The Site: U/C

[IMG]http://www.**************/show/2009/08/28/06/52/4883885_1024x576.JPG[/IMG]
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Old September 8th, 2009, 11:06 AM   #33
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UPDATE:
by msyukry08

image hosted on flickr


image hosted on flickr
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Old September 8th, 2009, 11:07 AM   #34
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UPDATE:
by msyukry08

image hosted on flickr
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Last edited by nazrey; November 18th, 2009 at 06:02 AM.
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Old September 8th, 2009, 06:07 PM   #35
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Taken from Mahsing Official Website

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Old November 18th, 2009, 06:02 AM   #36
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by msyukry08

image hosted on flickr
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Old November 22nd, 2009, 10:00 PM   #37
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UPDATE:

Quote:
Originally Posted by msyukry08 View Post

image hosted on flickr


image hosted on flickr


image hosted on flickr
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Old November 22nd, 2009, 10:01 PM   #38
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UPDATE:

Quote:
Originally Posted by msyukry08 View Post

image hosted on flickr


image hosted on flickr


image hosted on flickr
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Old November 25th, 2009, 01:32 PM   #39
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From http://www.southgate.com.my/

[IMG]http://www.**************/show/2009/11/25/02/30/6071574_392x198.png[/IMG]
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Old November 29th, 2009, 07:15 PM   #40
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From http://www.southgate.com.my/

[IMG]http://www.**************/show/2009/11/29/08/15/6124520_797x436.JPG[/IMG]
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