By Sharen Kaur - Published in NST Property, January 7, 2022
sharen@nst.com.my
The pace of property market recovery will accelerate if global and domestic economic growth remains stable, according to Mah Sing Group Berhad.
But having said that, the company anticipates that market performance in 2022 will be better than last year due to the expansion of economic sectors.
Mah Sing plans to launch RM2.4 billion in affordable range properties in 2022, a significant increase from the previous year's RM1.4 billion in property launches.
It will begin sales with its "LIFT OFF with Mah Sing" sales campaign, which will feature 21 projects.
Mah Sing's buyers will be rewarded with attractive perks as part of this campaign.
The sales packages also include significant savings and incentives and low monthly payments for certain projects and units.
Mah Sing announced today that it had met its sales target of RM1.6 billion for the fiscal year ending December 31, 2021.
Sales were primarily driven by its core digital marketing strategy and the affordable properties available in Kuala Lumpur, Penang, and Johor.
The M Series development projects that contributed the most to earnings were M Vertica, M Centura, M Luna, and Meridin East.
M Oscar, M Arisa, M Adora, Southville City, Feringghi Residence, Southbay City, Sierra Perdana, Meridin @ Medini, and IPARC are the other projects that contributed.
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