KUALA LUMPUR, Nov 3 – Mah Sing Group Bhd is expanding its presence in Semenyih with the acquisition of a 275-acre freehold parcel adjacent to its existing 500-acre M Legasi township for RM273.5 million.
The land, acquired from Petaling Garden Sdn Bhd, a subsidiary of S P Setia Bhd, is earmarked for the development of M Legasi 2, an integrated township that will serve as an upscale extension of the existing M Legasi.
The acquisition comprises two adjoining parcels with a combined gross area of about 305 acres, translating into a land cost of RM20.60 psf based on the total gross land area, according to a statement.
Of the acquired land, 175 acres are planned for mixed residential and commercial development, with a projected gross development value of RM1.7 billion, subject to design finalisation and regulatory approvals.
M Legasi 2 will include two-storey superlink, linked semi-detached and semi-detached homes, along with serviced apartments and shoplots, targeting first-time buyers, upgraders, and young families.
The remaining 100 acres are intended for strategic partnerships or collaborative ventures with institutional, industrial, or community stakeholders, with plans to introduce value-enhancing components that support long-term township sustainability.
The project is expected to be developed over eight years, with registration of interest set to begin in 2026 and construction to commence in 2027.
The site benefits from existing infrastructure and is accessible via the Kajang-Seremban Highway (LEKAS), Jalan Broga, and nearby MRT stations in Kajang and Sungai Jernih.
“This acquisition marks another milestone for Mah Sing and underscores our confidence in the Semenyih corridor as a thriving growth area,” said founder and group managing director Tan Sri Leong Hoy Kum.
The land deal follows Mah Sing’s earlier acquisitions this year of M Aria in Sentul (2.78 acres, with a GDV of RM283 million) and a 1.46-acre parcel in the KLCC precinct (GDV: RM1.28 billion).
With this latest purchase, Mah Sing’s land bank has grown to 5,697 acres, with remaining GDV and unbilled sales of RM32.37 billion.
