Mah Sing posts RM1.32 billion in property sales for first half of 2026

Mah Sing Group Berhad has achieved a significant milestone, reporting property sales of RM1.32 billion for the first half of 2026. This figure represents a robust 15 percent increase compared to the RM1.15 billion recorded in the same period last year. The company's strong performance continued into the second quarter, with revenue reaching RM656.3 million and profit before tax (PBT) hitting RM99.6 million, marking increases of 16 percent and 4.2 percent respectively over the previous year's second quarter.

Datuk Voon Tin Yow, Group Chief Executive Officer and Executive Director of Mah Sing, highlighted the company's healthy financial position and solid operational performance. He stated that this allows the group to concentrate on acquiring land in strategic locations to ensure sustainable growth. "M Aria aligns with our M Series strategy, offering well-designed and affordable homes in mature areas," Voon noted. "We will continue to evaluate suitable opportunities while maintaining disciplined capital allocation."

The strong sales momentum places Mah Sing firmly on track to achieve its full-year property sales target of RM2.76 billion. This optimism is fueled by consistent demand for properties in strategic and affordable locations, sales from existing projects, and planned new launches throughout the remainder of 2026. The company is building on the success of its M Series developments, which have seen encouraging take-up rates for recently launched projects like M Aria in Sentul, Kuala Lumpur, M Aurora in Old Klang Road, Kuala Lumpur, and M Amaya in Penang.

Future launches are expected to maintain this strong sales momentum. Upcoming projects include M Hana in Puchong, Selangor; M Mira in Setapak, Kuala Lumpur; M Cora in Penang; and M Tiara 2 in Johor Bahru, Johor. Additionally, future phases of M Legasi in Semenyih, Selangor, M Sinar Tower B in Southville City, Bangi, Selangor, and M Grand Minori and Meridin East in Johor Bahru, Johor, are planned. The group also intends to expand into the industrial property segment with the launch of MS Industrial Park @ Kulai in Johor.

Several key projects are slated for completion in the latter half of 2026, including M Nova in Kepong, Kuala Lumpur; landed houses in Phase 3A and 3B of M Senyum in Salak Tinggi, Selangor; and Phase 4A2 of Meridin East in Johor Bahru. These completions are anticipated to generate over RM250 million in vacant possession funds. For the six months ending June 30, 2026, Mah Sing reported revenue of RM1.22 billion and PBT of RM192.7 million, a slight increase of 0.3 percent and 3 percent year-on-year, respectively. The company maintains a strong balance sheet with RM1.01 billion in cash and bank balances and a net gearing ratio of 0.39 times.