Mah Sing Group Berhad (Mah Sing) right this moment introduced plans for M Cora, a RM528 million gross growth worth (GDV) combined growth strategically positioned simply 450 metres from the upcoming Mutiara LRT Line’s Bandar Sri Pinang Station. This prime website close to Karpal Singh Drive offers seamless connectivity throughout Penang Island and to the mainland by way of Penang Sentral, underscoring Mah Sing’s concentrate on creating well-connected city communities.
The mission is located on a 2.83-acre website acquired from the Penang Improvement Company (PDC) for RM51.8 million. The signing ceremony held right this moment, witnessed by the Penang Chief Minister, YAB Tuan Chow Kon Yeow, underscores the State Authorities’s confidence in Mah Sing’s confirmed observe document and its alignment with Penang’s imaginative and prescient of sustainable progress, financial inclusivity, group empowerment, and the adoption of sensible applied sciences to reinforce total high quality of life. Additionally current had been Mah Sing’s Group Chief Government Officer and Government Director, Dato’ Voon Tin Yow, and Dato’ Mohammad Azhar bin Hamdan, Senior Deputy Chief Government Officer of Penang Improvement Company (PDC). The sale and buy settlement was officially signed between Mah Sing’s Chief Government Officer Property Subsidiaries, Yeoh Chee Beng and Deputy Chief Government Officer of PDC, Tuan Haji Sr. Roslan bin Hassan. The occasion underscored the State Authorities’s sturdy assist and dedication in direction of fostering strategic partnerships that drive sustainable progress and growth in Penang.
Increasing Presence in Penang
M Cora marks Mah Sing’s fourth land acquisition for 2025 and builds upon the Group’s profitable observe document in Penang since 2009. Deliberate as a combined growth that includes condominiums and industrial suites, the mission targets a various vary of patrons together with first-time householders, working adults, households, and traders looking for long-term worth. Topic to authorities’ approval, M Cora will offer two-bedroom condominiums with indicative built-up areas of roughly 904 sq ft to 1,015 sq ft. The industrial suites will function three format choices with indicative sizes of 450 sq ft, 660 sq ft, and 750 sq ft. M Cora is anticipated to be launched within the second half of 2026 with indicatively priced from RM426,000.
Lengthy-Time period Dedication to Penang
Mah Sing Group Berhad continues to strengthen its presence in Penang with M Cora, reflecting the Group’s confidence within the state’s progress potential and long-standing partnership with the Penang Authorities.
Founder and Group Managing Director Tan Sri Dato’ Sri Leong Hoy Kum mentioned the mission reaffirms Mah Sing’s practically two-decade dedication to Penang and aligns with its technique of investing in high-growth, well-connected areas. “With its prime location and upcoming LRT entry, M Cora is poised to develop into a brand new benchmark for mixed-use city dwelling on Penang Island,” he mentioned.
He added that Mah Sing will proceed to amass strategic landbanks throughout Malaysia to maintain progress and meet evolving market demand. Supported by sturdy monetary self-discipline and execution capabilities, the Group is well-positioned to behave swiftly on alternatives with long-term worth potential.
Penang: A Trusted Marketplace for Mah Sing
Mah Sing’s observe document in Penang started in 2009 with its Southbay township in Bayan Lepas, comprising absolutely bought developments similar to Residence@Southbay, Legenda@Southbay, Southbay Plaza, The Loft, and M Vista. The Group later expanded to Batu Ferringhi with Ferringhi Residence and Ferringhi Residence 2, the place Tower B is already 89% bought. These tasks, together with the accredited North Coastal Paired Highway (NCPR), proceed to reinforce accessibility and strengthen Mah Sing’s northern portfolio.
M Cora follows the profitable launch of M Zenni in Southbay, a 33-storey, RM309 million GDV residential tower providing 494 models ranging from RM480,000.
Situated simply 450 metres from the upcoming Bandar Sri Pinang LRT Station, M Cora gives seamless entry to the 29.5km Mutiara LRT Line, linking key locations such because the Penang Worldwide Airport, USM, Komtar, and Penang Sentral. Surrounded by mature developments and key facilities, M Cora is designed to ship trendy, linked metropolis dwelling for professionals, households, and traders alike.
