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Wednesday, January 26, 2011

Mah Sing targets 30% sales from overseas ops

KUALA LUMPUR: Property developer Mah Sing Group Bhd is targeting to get 30% of its revenue from overseas projects in five years.

“In five years we hope that 30% from our sales will come from the overseas projects,” its senior manager for corporate communications, Lyanna Tew told reporters after the signing of agreement with the tenants of its Southgate commercial centre project here, yesterday.

Tew said the remaining 70% revenue contribution would come from the company’s property projects in the Klang Valley, Penang and Johor.

As for the company’s overseas expansion plan, she said it was looking at China, Vietnam, Indonesia, Singapore and Australia.

According to Tew, China and Vietnam are good markets due their population and there is simply such a big demand for properties over there.

“In other places like Singapore and Australia, we believe that we will be able to provide the type of products that will do well even though their market is pretty mature,” she said.

She added that the company also expected to do well overseas because of its network of consultants and partners.

By Bernama

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