Mah Sing achieves 2021 sales target of RM1.6b new property sales

by TMR / pic by TMR FILE

MAH Sing Group Bhd has achieved its sales target of RM1.6 billion for the financial year ended Dec 31, 2021, and targets to launch RM2.4 billion worth of properties this year.

The 2021 sales achievements are mainly driven by its core strategy in digital marketing and affordable properties offered at strategic locations, namely in Kuala Lumpur, Penang, and Johor, it said in a statement today.

The Group believes that the pace of property market recovery would accelerate if global and domestic economic growth remain stable.

“2021 Property Sales target of RM1.6 million achieved, mainly from affordable M Series The majority of 2021 property sales were from the affordable range M Series, which are strategically located throughout Malaysia in Klang Valley, Penang, and Johor.

“As announced on 30 November 2021 (2021 third quarter results announcement), the development projects that were the key earnings contributors include M Vertica, M Centura, M Luna, and Meridin East. Other projects which also contributed include M Oscar, M Arisa, M Adora, Southville City, Feringghi Residence, Southbay City, Sierra Perdana, Meridin @ Medini and IPARC,” the group said. 

The company is scheduled to release its 4Q2021/full year 2021 result next month.

Mah Sing targets to launch RM2.4 billion worth of properties this year; compared to its 2021 launches of RM1.4 billion, the Group expects a better year than 2021.

The group remains a Constituent of The FTSE4GOOD Bursa Malaysia Index And Maintains 4 Stars in Bursa Malaysia ESG Rating.

“Mah Sing ranked Top 25% by ESG Rating among public listed companies in the FBM EMAS universe which earned us the 4 stars ESG Grading Band.

“Non-financial values, as measured via an ESG lens, are becoming increasingly significant in practically all corporate sectors internationally and domestically. To produce financial and non-financial value for all of our stakeholders, Mah Sing will continue to make progress toward attaining our business operations objectives,” the group added.