Mah Sing buys land for RM53mil

PETALING JAYA: Mah Sing Group Bhd has acquired a 058ha plot of freehold commercial land in Ampang, Selangor, from a unit of Fraser & Neave Holdings Bhd for RM53.8mil cash.

“The land will be developed into serviced residences, M Suites@Jalan Ampang, with an estimated gross development value of RM257mil,” it told Bursa Malaysia yesterday.

The project is expected to commence by the second half of this year for completion in three years.

By The Star