KUALA LUMPUR: Mah Sing Group Bhd will undertake a mixed development project with a gross development value of RM157.8 million on 24.1ha of land at the southern tip of Iskandar Development Region (IDR) in Johor as it bets on rising real estate demand spurred by increased economic activity in the state. The company, with projects in the Klang Valley, Johor and Penang, paid RM21.1 million to several vendors for the land, intended for its upcoming Sri Pulai Perdana 2 development, which would replicate its Sri Pulai Perdana project comprising link homes and shop offices, the developer said in an announcement.
(4-1-2008 The Edge)
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