Mah Sing Buys RM273.5 Mln Semenyih Land For M Legasi Township

KUALA LUMPUR, Nov 3 (Bernama) -- Mah Sing Group Bhd has acquired a 111.29-hectare freehold parcel adjoining its existing 202.34-hectare M Legasi township in Semenyih for approximately RM273.5 million.

In a statement today, the property developer said the newly acquired land will pave the way for M Legasi 2, an integrated township featuring a mix of residential properties and shop lots designed to meet the evolving needs of modern homebuyers.

It said sale and purchase agreements were signed with SP Setia Bhd’s unit, Petaling Garden Sdn Bhd, for the acquisition.

“The M Legasi 2 land benefits from an existing access road that provides immediate connectivity and enhances development readiness.

“The project is estimated to be developed over a period of eight years, with registration of interest targeted to begin in 2026 and commencement expected in 2027,” it said.

The group said the acquisition comprises two adjoining parcels of freehold land in Semenyih, with a combined gross area of approximately 123.43 hectares.

“Of this, about 111.29 hectares form the net developable area to be acquired by Mah Sing,” it said.

Meanwhile, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the acquisition marks another milestone for Mah Sing, underscoring its confidence in the Semenyih corridor as a thriving growth area.

Mah Sing said this is its third acquisition this year, following the acquisition of M Aria, a 1.12-hectare prime freehold land in Sentul with an estimated gross development value (GDV) of RM283 million.

In August, the group expanded its footprint in the capital with the acquisition of a 0.59-hectare prime freehold parcel in the heart of the Kuala Lumpur City Centre precinct, carrying an estimated GDV of RM1.28 billion.

-- BERNAMA