Developer Mah Sing Group Bhd plans to build properties worth some RM157.8 million on a piece of land that it is buying in Johor.
Mah Sing is buying 24 hectares of land in Skudai, Johor, for RM21 million, it said in a statement.
The land is located near the Iskandar Development Region and is less than two kilometres away from its township, Sri Pulai Perdana.
Mah Sing will call the new township Sri Pulai Perdana 2.
"The group is confident of tapping on the success and branding of its three on-going projects namely Sri Pulai Perdana (Skudai), Austin Perdana (Tebrau) and Sierra Perdana (Tebrau-Plentong)," it said in a statement.
With this new project, the group currently has 15 projects with a total gross development value of RM3.2 billion.
By New Straits Times
Friday, January 4, 2008
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