KUALA LUMPUR: Mah Sing Group Bhd expects the residential property market to stay robust in 2025.
This will be supported by stable employment rates, increased civil servant wages and programmes like the flexible Employees' Provident Fund (EPF) Account 3 scheme.
Mah Sing highlighted its ongoing efforts to secure strategic land acquisitions to broaden its portfolio and meet rising demand.
"Government initiatives, including tax incentives for first-home buyers announced in Budget 2025, are expected to further stimulate demand.
"The group's ability to deliver homes at attractive price points while maintaining design and quality excellence ensures its competitiveness in this segment."
Mah Sing added that affordable housing remains the core of its property development business.
The group's M Series, offering homes priced below RM500,000, targets first-time buyers and middle-income earners.
Projects like M Aspira, M Nova, M Sinar and M Zenya have consistently attracted significant interest, it said.
Mah Sing expects its industrial segment to grow substantially next year with its industrial development, buoyed by MSS Business Park in Sepang.
"This development aligns with Malaysia's advantage in the 'China Plus One' strategy, where global manufacturers are diversifying operations to reduce dependence on China.
"With Malaysia recognised as a stable and cost-effective destination for foreign direct investment (FDI), Mah Sing is well-positioned to capitalise on this trend," it added.
Mah Sing is exploring data centre opportunities on a 17-hectare site in Meridin East township in Johor Bahru.
"The site offers a potential 300 megawatt (MW) power capacity and presents a lucrative opportunity to unlock value from the group's landbank through land sales or joint ventures," it said.
Mah Sing founder and group managing director Tan Sri Datuk Seri Leong Hoy Kum described 2024 as a fruitful and successful year for Mah Sing, crediting the achievement to three key principles: "resilience," "diversification," and "opportunities."
"Resilience has been key as we navigated challenges like rising costs and economic uncertainties, ensuring we remained steadfast in delivering quality and value to our stakeholders.
"Diversification has empowered us to strengthen our portfolio beyond residential properties, with significant strides in industrial developments and data centre projects, aligning with Malaysia's push for a digital economy," he added.