18/12/2025

PROPERTY THURSDAY | DEC 18, 2025

12

Mah Sing buys 275 acres in Semenyih for M Legasi 2

KUALA Malaysian homeowners stepped into 2025 with a renewed sense of purpose redesigning not just their homes, but their lifestyles. This shift is clearly visible at the recent HOMEDEC 2025 where visitors are prioritising design intelligence, energy efficiency, and sustainability over mere aesthetics. According to the event organiser, this year’s exhibition reflects a more informed, design-conscious crowd with greater purchasing power and a long-term vision for their living spaces. “We’re seeing more homeowners coming to HOMEDEC with a clear vision they’re not just renovating, they’re redesigning their lifestyles,” said a HOMEDEC spokesman. “Many are investing in quality upgrades that improve spatial flow, comfort, and energy efficiency, while integrating smart-home technology and sustainable solutions.” The trend marks a shift from traditional renovation spending towards future-proofing, as homeowners now see value in making their homes intelligent, efficient and environmentally responsible. Ű BY DEEPALAKSHMI MANICKAM sunbiz@thesundaily.com LUMPUR: Farlim, Fortune Lander team up for RM160m Penang project KUALA LUMPUR: Farlim Group (Malaysia) Bhd has entered into a joint venture (JV) agreement with Fortune Lander (M) Sdn Bhd to undertake a RM160 million GDV project in Penang. The group said in a Bursa Malaysia filing that the project will be funded entirely through internally generated funds amounting to RM15.94 million. The development includes a parcel of freehold land measuring approximately 49,833 sq ft. The project consists of commercial units, semi-detached shops and bungalow shops. “The development is in line with the company’s corporate strategy, parti cularly its focus on sustainable growth, portfolio diversification, and community centric development. “By leveraging its core competencies and industry expertise, the company aims to enhance financial performance while creating long-term value for shareholders, stakeholders, and the communities it serves,” said Farlim, which is a property development company. It said the project is a strategic chance for profitable growth, with rising demand for transit-oriented developments offering strong long-term investment and revenue potential. The project will also enhance the group’s market visibility and strengthen its brand positioning. “This role showcases the company’s capability to lead large-scale, trans formative developments, which is expected to boost investor confidence and attract strategic partnerships,”it added. – Bernama

PETALING JAYA: Mah Sing Group Bhd has acquired a 275-acre freehold parcel adjoining its existing 500-acre M Legasi township in Semenyih for approximately RM273.5 million. The newly acquired land will pave the way for M Legasi 2, an integrated township featuring a mix of residential properties and shop lots designed to meet the evolving needs of modern homebuyers. Positioned as an upscale extension of the existing M Legasi township, M Legasi 2 is set to offer a more diverse and premium range of products. The acquisition comprises two adjoining parcels of freehold land in Semenyih with a combined gross area of approximately 305 acres. Of this, about 275 acres form the net developable area to be acquired by Mah Sing. The purchase consi deration translates to a land cost of about RM20.60 per sq ft based on the gross land area. Strategically located with good connectivity, the site offers strong potential for a well-planned and sustainable township develop ment. By adding another 275 acres parcel next to its existing 500-acre M Legasi township, Mah Sing is expanding its total development footprint in the area, allowing greater flexibility to refine the

will be finalised upon completion of the acquisition and detailed master planning, and the group will make the necessary disclosures, in compliance with the disclosure requirements under the Main Market Listing Requirements. Sale and purchase agreements (SPAs) were signed with Petaling Garden Sdn Bhd, a subsidiary of S P Setia Bhd, for the acquisition. The M Legasi 2 land benefits from an existing access road that provides immediate connectivity and enhances development readiness. The project is estimated to be developed over a period of eight years, with registration of interest targeted to begin in 2026 and commencement expected in 2027. Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said, “This acquisition marks another milestone for Mah Sing and underscores our confidence in the Semenyih corridor as a thriving growth area. 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.”

o Initial plan shows about 175 acres will be earmarked for mixed residential and commercial units, with GDV of around RM1.7b

and quality living. The group said it is exploring potential strategic options for the remaining approximately 100 acres of the land, which is earmarked for strategic partnerships or colla borations or other opportunities with institutional, industry or com munity partners. This exploration of strategic options for the re maining land is intended to introduce the right ecosystem and demand drivers to further enhance the township’s vibrancy and long term value. The focus will be on fostering forward-looking synergies that may accommodate complementary, value-enhancing uses based on market demand, creating a self sustaining environment that supports the township’s long-term growth beyond the completion of the acquisition. Such collabora tions are expected to strengthen the overall masterplan while ensuring the project’s long-term feasibility, resilience and sustainability. The approach for this remaining land

overall masterplan, introduce new product offerings, and adapt to changing market needs. The group said it 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. Based on the group’s initial master plan, approximately 175 acres of the land are earmarked for mixed residential and commercial development, with an estimated GDV of approximately RM1.7 billion, subject to detailed design and approvals from the relevant authorities. According to preliminary plans, M Legasi 2 will be offering 2-storey superlink, linked semi-detached homes and semi-detached homes, alongside serviced apartments and shop lots. Designed to cater to first time homebuyers as well as young and growing families, the township will provide a well-planned, self contained living environment that balances comfort, convenience,

Spotlight on smart, green living at HOMEDEC 2025

Banking & Finance In a significant new partnership, HOMEDEC had teamed up with the To make sustainability tangible, HOMEDEC 2025 had introduced The Live Showhome, an immersive feature designed to showcase how thoughtful design choices can make a measurable difference in everyday living. Visitors can walk through a fully designed mock home that demonstrated the use of energy efficient materials, fabrics, and finishes. The exhibit allowed visitors to visualise how eco-conscious design can deliver both comfort and performance. “We’re turning sustainability into something homeowners can see, touch, and truly experience,” the organiser said. “Through colla borations with industry experts, we’re showing how smart materials and eco friendly design can make a lasting difference at home.” Beyond the showhome, sustain ability resonates across the exhibition floor, from solar solutions and eco wall panels to AI-powered appliances that balance convenience with energy responsibility. This aligns with Malaysia’s growing green-building movement, which has seen increased demand for low-energy, high durability housing materials in recent years.

HOMEDEC 2025 highlights a growing shift among Malaysian homeowners towards smart, energy-efficient and sustainable living solutions. – UNSPLASH PIX

home design exhibition, HOMEDEC continues to act as a launchpad for local SMEs and boutique design brands. The organiser said the show helps smaller companies gain professional visibility through cost effective exhibition packages, marketing support and curated buyer introductions. “We consciously create zones and activation packages suited to SMEs so they can present professionally without oversized budgets,” the organiser explained.

“Good design goes beyond aesthetics,” the organiser said. “Architects and designers bring technical knowledge and spatial awareness that ensure a home is safe, efficient, and built to last not just styled for the moment.” Visitors could also view the architects’award-winning projects and consult them directly by bringing along home or site layout plans, creating a rare bridge between design professionals and homeowners. As Malaysia’s longest-running

Malaysian Architecture Week (MAW) to help homeowners access professional design expertise. The collaboration, branded MAW @ HOMEDEC, brought together nine emerging, award winning Malaysian architects to lead curated sessions on home design fundamentals. The workshops addressed practical topics such as where to start when planning a renovation, common design pitfalls, and how to maximise property value through smart planning.

Education News/Health & Wellness TUES

ESG

Property

WED

MON

THUR