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Thursday, September 17, 2009

Mah Sing buys land for RM38m

PETALING JAYA: Mah Sing Group Bhd, via subsidiary Multi Synergy Sdn Bhd, is buying a 12.9-acre site in Bukit Jelutong, Selangor.

It is buying the land for RM21.3mil, or RM37.79 per sq ft, from Flextronics Techology Sdn Bhd, the company said in a statement yesterday.

Mah Sing said the land would be used to develop iParc, a low-density industrial park with a gross development value of RM100mil.

“This type of semi-detached factories should be well-sought-after as nearby terraced factories are almost fully occupied,” Mah Sing group managing director-cum-group chief executive Tan Sri Leong Hoy Kum said.

The park will offer three-storey semi-detached factories with layout flexibility options priced from RM2.4mil. It is within the Bukit Jelutong Business and Technology Park.

Besides hosting hi-tech industries, it will also offer logistics warehousing and service facilities, given its accessibility to Sultan Abdul Aziz Shah Airport, Port Klang and KL International Airport.

Mah Sing has a total of 18 projects, including iParc, with an outstanding gross development value and unbilled sales of RM4.5bil in the Klang Valley, Penang and Johor Baru.

By The Star

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