KUALA LUMPUR: Mah Sing Group Bhd has strengthened its presence in Semenyih with the acquisition of 111.3 hectares (ha) of freehold land for RM273.5 million from SP Setia Bhd’s subsidiary, Petaling Garden Sdn Bhd, paving the way for the development of M Legasi 2, an upscale extension of its 202.34ha M Legasi township.
The new project will feature a mix of residential and commercial components, offering premium homes and shop lots to meet rising demand in the southern Klang Valley growth corridor.
“This acquisition marks another milestone for Mah Sing and underscores our confidence in the Semenyih corridor as a thriving growth area,” said Mah Sing’s founder and group managing director, Tan Sri Leong Hoy Kum.
“Having successfully launched M Legasi just four months ago, now we are excited to expand our footprint in this location. The proximity of this new parcel to M Legasi allows us to refine our masterplan to better suit the market’s evolving needs and offer a more comprehensive range of homes and amenities.”
The acquisition involves two adjoining parcels with a total gross area of 123.5ha, translating to a land cost of about RM20.60 per sq ft. About 70.82ha will be developed for mixed residential and commercial purposes, with an estimated gross development value (GDV) of RM1.7 billion.
This marks Mah Sing’s third land deal in 2025, following acquisitions in Sentul and the KLCC precinct. With this addition, the group’s total landbank now spans 2,,305.5ha, carrying a combined remaining GDV and unbilled sales of RM32.37 billion.
M Legasi 2 will feature two-storey superlink and semi-detached homes, serviced apartments, and shop lots, while about 100 acres have been earmarked for potential strategic collaborations with institutional or industrial partners to enhance township vibrancy.
Leong said by adding another 111.3ha parcel next to its existing 202.34ha M Legasi township, Mah Sing is expanding its total development footprint in the area, allowing greater flexibility to refine the overall masterplan, introduce new product offerings, and adapt to changing market needs.
The group also sees potential for a future catalytic component that could serve as a key anchor, further enhancing the township’s vibrancy and long-term value creation.
The township is expected to be developed over eight years, with registration of interest beginning in 2026 and project commencement slated for 2027.
Leong said, supported by its strong balance sheet, Mah Sing continues to eye more good lands, with priority given to lands suitable for M Series landed and high-rise residential and industrial developments.
“The group believes that demand for medium-priced housing aimed at first-time and younger middle-class home buyers, as well as those looking to upgrade to a well-planned mixed development in Klang Valley, Johor Bahru and Penang Island, will gradually increase over the next few years.”
Source: New Straits Times (3 November 2025)