At the signing ceremony were (from left) Yeoh, Voon, Chow, Azhar and Roslan.
PENANG: Mah Sing Group Bhd (Mah Sing) has announced plans for M Cora, a RM528mil gross development value (GDV) mixed development strategically located just 450m from the upcoming Mutiara LRT Line’s Bandar Sri Pinang Station. This prime site near Karpal Singh Drive offers seamless connectivity across Penang Island and to the mainland via Penang Sentral, underscoring Mah Sing’s focus on developing well-connected urban communities.
The project is situated on a 2.83-acre site acquired from the Penang Development Corporation (PDC) for RM51.8mil. The signing ceremony, witnessed by Penang Chief Minister Chow Kon Yeow, underscores the state government’s confidence in Mah Sing’s proven track record and its alignment with Penang’s vision of sustainable growth, economic inclusivity, community empowerment and the adoption of smart technologies to enhance overall quality of life.
Also present were Mah Sing group chief executive officer and executive director Datuk Voon Tin Yow and PDC senior deputy chief executive officer Datuk Mohammad Azhar Hamdan.
The sale and purchase agreement was officially signed between Mah Sing property subsidiaries chief executive officer Yeoh Chee Beng and PDC deputy chief executive officer Roslan Hassan. The event showed the state government’s strong support and commitment towards fostering strategic partnerships that drive sustainable growth and development in Penang.
Expanding presence in Penang
M Cora marks Mah Sing’s fourth land acquisition for 2025 and builds upon the group’s successful track record in Penang since 2009. Planned as a mixed development featuring condominiums and commercial suites, the project targets a diverse range of buyers including first-time homeowners, working adults, families and investors seeking long-term value.
Subject to authorities’ approval, M Cora will offer two-bedroom condominiums with indicative built-up areas of approximately 904 sq ft to 1,015 sq ft. The commercial suites will feature three layout options with indicative sizes of 450 sq ft, 660 sq ft and 750 sq ft. M Cora is expected to be launched in the second half of 2026 with an indicative price from RM426,000.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum shared: “Mah Sing has been part of Penang’s growth story for nearly two decades and we value the strong working relationship we have established with the state government over the years. With M Cora, we are not only introducing a future-forward lifestyle address in one of Penang’s most exciting growth corridors but also reaffirming our long-term commitment to the State.
“This development aligns with our growth strategy as we continue to launch projects across the Central, Southern and Northern regions. Our focus remains clear — to invest in key property hot spots where connectivity, infrastructure and lifestyle amenities converge. With its prime location and upcoming LRT access, M Cora is poised to become a new benchmark for mixed-use urban living on Penang Island.”
“We continue to actively seek strategic landbanks across Malaysia to future-proof our growth. Backed by our financial strength and expansion momentum, we are well-positioned to move swiftly on viable opportunities that align with market demand. Our financial discipline and proven execution prowess allow us to act decisively in securing land with high development potential that attracts both owner occupiers and investors, just like M Cora,” he added.
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