Mah Sing to buy Rawang land


PETALING JAYA: Mah Sing Group Bhd has proposed to buy 96.71 acres in Rawang for RM68.67mil where it plans to develop the M-Residence 3@Rawang with a gross development value of RM520mil.

It told Bursa Malaysia that the project, mainly consisting of 2-storey link homes and 2-storey semi-detached houses, was less than 5km from its existing projects, M Residence and M Residence 2.

In another statement, it said its net profit for the second quarter ended June 30 rose to RM69.8mil from RM60mil a year ago on 4.5% higher revenue of RM475.7mil.

– Malaysia Real Estate News

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