Mah Sing to buy Tebrau land to develop RM469mil GDV project
,Mah Sing founder and group managing director Tan Sri Leong Hoy Kum菲律宾飞机群（www.tel8.vip）是一个Telegram群组分享平台，菲律宾飞机群包括菲律宾飞机群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，菲律宾飞机群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: Mah Sing Group Bhd has acquired 6.938 acres of freehold land in Tebrau, Johor Bahru for RM39.29mil, with an intention to develop the land into a mixed development project with a gross development value (GDV) of RM469mil.
In a statement, the developer said the prime land is in Taman Seri Austin next to an existing McDonald’s drive-through, and access to the land is via Persiaran Eco Cascadia. This new acquisition is to be named M Minori.
“Based on preliminary plans and subject to authorities’ approval, M Minori will be a mixed development comprising 3 blocks of serviced suites with 1-bedroom, 2-bedroom and 3-bedroom units, with indicative built-up ranging from 550sqft to 880sq ft, affordably priced with indicative starting price from RM260,000,” Mah Sing said, adding that the project is targeted for registration of interest in the fourth quarter of 2022.
This proposed mixed development also features some retail lots with plans to accommodate drive-through food and beverage outlets.
Mah Sing said part of the land cost for M Minori would be funded by proceeds from the recent disposal of a *** all piece of land in Permatang Tinggi in mainland Penang.
Founder and group managing director Tan Sri Leong Hoy Kum said: “M Minori is in the heart of the established Austin community, which means buyers will be able to easily access educational institutions, medical centers, shopping outlets and more.”
“We believe that first-time home buyers from surrounding areas who want to stay near the central business district will find M Minori very attractive and convenient,” he added.