Mah Sing Expands Semenyih Footprint with RM273.5 Million Land Deal from SP Setia

KUALA LUMPUR, Nov 3 — Mah Sing Group Bhd continues to strengthen its presence in the southern Klang Valley corridor with a new freehold land acquisition in Semenyih, valued at RM273.5 million, from Petaling Garden Sdn Bhd — a subsidiary of SP Setia Bhd.

The newly acquired 111.3-hectare site will pave the way for M Legasi 2, an expansion of the company’s 202.34-hectare M Legasi township, blending residential, commercial, and potential industrial components to support the growing demand in the Selangor property market.

A Strategic Move in the Southern Klang Valley Growth Zone

Mah Sing’s founder and group managing director, Tan Sri Leong Hoy Kum, said the purchase reinforces the group’s long-term confidence in Semenyih’s real estate growth corridor, which is drawing both residential and industrial investors seeking opportunities near Kuala Lumpur and Shah Alam.

“Expanding M Legasi allows us to refine our overall masterplan, offering a wider range of housing and commercial spaces that meet the evolving needs of today’s market,” Leong noted.

The project comprises two adjoining parcels totalling 123.5 hectares, translating to a land cost of approximately RM20.60 per sq ft. Around 70.82 hectares will be allocated for mixed residential and commercial development, with an estimated gross development value (GDV) of RM1.7 billion.

Potential for Commercial and Industrial Collaboration

Beyond residential and retail components, Mah Sing has earmarked about 100 acres for future collaborations with institutional or industrial partners — potentially opening the door for logistics hubs, business parks, or light industrial facilities.

For investors and businesses exploring industrial land in Selangor or commercial property near Bukit Jalil, Puchong, and Shah Alam, this expansion reinforces the attractiveness of the Semenyih corridor as a strategic investment area within reach of major highways and urban centers.

Strong Pipeline and Balanced Portfolio

The M Legasi 2 development marks Mah Sing’s third land purchase in 2025, following deals in Sentul and the KLCC precinct. The group’s landbank now spans 2,305.5 hectares, supporting a combined remaining GDV and unbilled sales of RM32.37 billion.

Phase 1 of M Legasi 2 will feature superlink and semi-detached homes, serviced apartments, and shop lots, complemented by flexible zoning to accommodate future industrial or office components if market demand aligns.

With development expected to span eight years — registration opening in 2026 and project launch in 2027 — the township is positioned to attract a balanced mix of homebuyers, entrepreneurs, and light-industrial investors.

Sustained Confidence in Klang Valley Demand

Leong added that Mah Sing remains focused on acquiring “strategic, well-connected land” suitable for its M Series landed, high-rise, and industrial projects, particularly within Kuala Lumpur and Selangor.

“The group sees continuous demand for mid-priced homes and mixed-use developments among first-time buyers and young professionals,” he said — noting that integrated projects combining residential, office, and industrial zones are becoming more appealing to modern investors.