KUALA LUMPUR, Aug 7 – Mah Sing Group Bhd shares rose in early trade on Thursday, following the launch of its M Grand Minori project in Johor.
At 10.13 am, the counter gained two sen to RM1.21, with 1.21 million shares traded.
The project marks the first development under the company’s premium M Grand Series in Johor, with an estimated gross development value of RM1.5 billion.
“The project has received an encouraging response, with Phase 1 of Tower A, comprising 843 serviced apartment units, achieving a 90 per cent take-up rate over a single weekend.
“The freehold development spans 2.42 hectares in the established Taman Pelangi neighbourhood in Johor Bahru, just three kilometres from the upcoming Bukit Chagar Johor Bahru–Singapore Rapid Transit System (RTS) Link station,” the company said.
