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(From New Straits Times (Malaysia))
SECOND-BOARDER Mah Sing Group Bhd, en route to the main board in the next month or so, is literally sizzling down the land acquisition trail.
In the past year, it has spent RM246.52 million purchasing some 581.566 acres of land in Johor and Selangor, many approved for the development of mid- to high-end residential units including serviced apartments, terrace houses, semi-detached units, bungalows, condos and commercial premises. From the development of these components, it has set its sight on attaining a gross development value (GDV) of close to RM1.6 billion.
The company's latest acquisition of an 11.48-acre …