KUALA LUMPUR (Oct 15): Mah Sing Group Bhd said 74% of residential properties it targets to sell this year, are priced below RM500,000.

Group chief executive officer Datuk Ho Hon Sang said this in a statement today, in response to the government’s newly-announced affordable housing policy.

On Friday (Oct 15), Housing and Local Government Minister Zuraida Kamaruddin said Putrajaya will incorporate three categories of affordable housing that will be constructed under the National Housing Policy, with houses fetching RM150,000 and below, RM150,000–RM300,000, and RM300,000–RM500,000 making up the new categories.

“Mah Sing welcomes this announcement as we [have] been developing affordable priced homes since 2015, in an effort to enable everyone to own a home,” Ho said.

He noted that the group had embarked on a “Reinvent Affordability” campaign late last year, covering four projects, namely M Centura in Sentul, M Vertica in Cheras, M Vista in Penang and Fern phase 2 in Meridin East, Johor.

“Our customers are our priority. Hence, our focus is to deliver products that is in demand and strategically located with added accessibility and connectivity,” he added.  

Mah Sing also launched its dedicated interchange for its Southville City project in Bangi in April, significantly easing travelling in and out of the township.

Over in Johor, the group is also constructing a direct access from its Meridian Bayvue to the Johor Bahru East Coast Highway, as well as a connecting road into the Tanjung Langsat—Cahaya Baru Toll Connecting Highway for its Meridin East Township.

“Moving forward, we will continue to enhance the lives of our customers by developing accessible and well-planned products. We want to position Mah Sing as a big contributor for the development of affordable homes for the nation,” Ho said. 

Mah Sing said it currently has 47 projects in Malaysia’s property hotspots, and has sold about 39,000 units over the last 24 years.