KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) kicks off 2023 with Mah Sing Secured - the first sales campaign of the year, which aims to reward homebuyers by offering them fixed interest rates, step-up payments scheme, attractive packages and incentives, additional rewards to kick start their homeownership journey.
Running until March 31 this year, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the introduction of Secured is timely as it provides the opportunity for prospective home buyers worry-free homeownership to hedge against inflation.
He said the group is optimistic about the property prospects for 2023 given the robust demand for its recent launches of M Series properties, and the strong pipeline of upcoming launches with high registration of interests from buyers.
“We wish to continue providing a seamless home-buying customer experience through the Secured campaign with our 13 participating projects. Bank Negara Malaysia’s projected GDP growth between 4% and 5% in 2023, which along with continued economic growth and healthy employment conditions domestically, and the opening of global borders, will further boost sentiment for property buying. We believe that with the right products and timely campaign launches, the buying momentum for 2023 will remain resilient,” added Leong.
The 13 projects are eligible for the campaign which includes M Senyum, M Vertica Tower D & E, M Arisa, Sensory Residence @ Southville City, M Oscar, M Astra, M Luna, M Adora and M Panora in the Klang Valley.
In the southern region, the participating projects are Meridin East, Meridin @ Medini and i-Parc @ Tanjung Pelepas while in the northern region, Ferringhi Residence 2 is included in the list.
Also present at the campaign launch are Mah Sing property subsidiaries chief executive officers Yeoh Chee Beng and Benjamin Ong, sales and marketing senior general manager Chris Chen and sales and marketing general manager Angela Chong.
Meanwhile, Mah Sing chief executive officer Datuk Ho Hon Sang said Mah Sing would continue to scout for and acquire new lands as it was confident of the demand for its M-Series affordable homes and the group's healthy balance sheets.
"Beyond 2023, the mid to long-term outlook remains positive supported by strong fundamental demand for properties due to the young demography. Demand for houses from first-time homebuyers should remain sustainable and we are confident in achieving our sales target of a minimum of RM2.2 billion for this year,” he said.
Home buyers will benefit from the exemption of 75% of stamp duty on the sales and purchase agreements of properties priced between RM500,001 and RM1 million (signed by Dec 31, 2023). Meanwhile, 100% of the stamp duty exemption for first-time homebuyers remains and is applicable for properties priced at RM500,000 and below.
Interested homebuyers who would like to know more about the campaign can visit the Mah Sing Secured campaign website at www.mahsing.com.my/secured or call 1300 80 6888, or drop an email at firstname.lastname@example.org to find out more about the campaign.