The outlook on Mah Sing remains positive in the mid to long term with the company’s clear direction towards affordable housing
Mah Sing has lined up several launches in 2019 with the key selling points being affordability and strategic locations reported The Edge Financial Daily.
In the southern region, Mah Sing will launch the Orchid and Hazel @ Meridin East, Johor (landed residential, starting prices RM450,000 and RM487,000 respectively).
Mah Sing chalked up new sales of RM1.22 billion on cumulative nine months of financial year 2018 (9MFY18), and is on track to achieve its financial year 2019 (FY18) target of RM1.8 billion.
The sales were mainly secured from new launches in 2018 which were mainly priced below RM500,000. Meanwhile, unbilled sales of RM2.5 billion will be progressively recognised over the next three years.
Currently, Mah Sing has a total land bank of 2,108 acres (853ha), with a gross development value of RM24 billion, which provides earnings visibility and will drive the company’s growth going forward.