“This recognition is a testament to our team’s commitment, the strength of our brand and the confidence our customers have in us,” Leong said.
KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has once again been recognised as one of the region’s leading companies, earning a place in the Fortune Southeast Asia 500 List for the second consecutive year. The list identifies the largest companies by revenue in the fast-growing region of Southeast Asia for the 2024 fiscal year. This recognition underscores Mah Sing’s continued regional prominence and its proven track record in delivering sustainable growth, operational excellence and customer-focused developments.
For the financial year ended Dec 31, 2024, Mah Sing recorded a revenue of RM2.52bil, reflecting the group’s ability to navigate market conditions through disciplined execution, strategic product offerings and a focus on operational efficiency.
Mah Sing also achieved RM1.01bil in new property sales during the first five months of 2025, compared to RM992mil achieved in the same period in the preceding year. This growth is driven primarily by the continued strong take-up of its M Series affordable homes, which offer strategic locations, practical layouts and competitive pricing to meet the needs of Malaysian homebuyers.
Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum shared: “We are honoured to be recognised once again among Southeast Asia’s top-performing companies. This recognition is a testament to our team’s commitment, the strength of our brand and the confidence our customers have in us. As we celebrated our 30th anniversary last year, we remain focused on creating value for the Malaysia homebuyers and contributing to the nation’s growth through quality developments.”
As a home-grown developer with nearly 65 projects across Malaysia, Mah Sing continues to focus on building sustainable communities, delivering homes with high Qlassic scores and adapting to evolving market needs. Its recognition on the Fortune Southeast Asia 500 List affirms Mah Sing’s standing as a resilient and forward-thinking player in the region’s property landscape.
Driving momentum
For 2025, the group has over RM3.3bil worth of new property launches planned. Its newly launched projects have already attracted strong interest in the first five months of the year, which include Phase 1A Impira of M Legasi in Semenyih, Residensi Suria Madani in Taman Desa, Phase 4A5 Allamanda and Phase 1B Jasmine of Meridin East, as well as Phase 2B of M Tiara in Johor Bahru.
In the Central region, the group will be opening the M Legasi Show Village in Semenyih in June 2025, which is the group’s largest township in the region with a gross development value (GDV) of RM3.3bil. Last month, the group secured more than 90% take-up for the first phase, Impira, during its opening weekend and Phase 1B is now open for sale. The new Show Village will allow homebuyers to experience a realistic preview of their future homes. Other new launches in the Central region include M Aurora in Old Klang Road, a transit-oriented development (TOD) and M Aria in Sentul. The ongoing projects in this region are M Aspira in Taman Desa, M Azura in Setapak, M Terra in Puchong, M Nova and M Zenya in Kepong, as well as M Sinar in Southville City, Bangi.
In the Southern region, Johor remains the group’s second-largest development hub after Klang Valley. The group will be launching its new premium M Grand Series lifestyle development - M Grand Minori in Taman Pelangi, Johor Bahru. Located just 3km from the upcoming Johor–Singapore RTS Link and near the Special Economic Zone, this development has a GDV of approximately RM1.5bil. Scheduled for launch this year, a 3-storey sales gallery with show units will be opened for customers in June 2025. Another new development planned for launch this year is Tiara Hills in Johor Bahru, which offers super-linked homes with an estimated GDV of RM463mil. Also slated for launch this year is M Tiara 2 in Johor Bahru, with a GDV of approximately RM1.45bil. The ongoing projects in the Southern region include M Tiara, Meridin East and M Minori.
In the Northern region, the group is excited to unveil M Zenni in Penang, a freehold mixed development located in Southbay, Batu Maung, with an estimated GDV of RM309mil. M Zenni is targeted for launch in Q4 2025. The ongoing project in the Northern region is Ferringhi Residence 2 in Penang, a project expected to benefit from the newly approved North Coastal Paired Road (NCPR) project.
Meanwhile, Mah Sing maintained its 4-star rating in the Bursa Malaysia ESG Star Rating, placing it among just six property companies with this distinction. It is also one of only four developers’ constituents on both the FTSE4Good Bursa Malaysia Index and the FTSE4GBM Shariah Index, highlighting its strong ESG leadership.
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