News: Mah Sing Celebrates Topping Up Ceremony For Phase 1 Of Ferringhi Residence 2@Batu Ferringhi

May 14, 2019

Mah Sing Group Berhad (Mah Sing) held a topping up ceremony for Phase 1 of its Ferringhi Residence 2@Batu Ferringhi, Penang recently. The ceremony symbolises the completion of the structure of the development’s Tower B building.

The construction of the entire project is currently at around 50% completion with the structural work of Phase 2 (Tower A and C) still in progress. Tower B is expected to be fully completed in July 2020 while the entire project, with its two phases, is scheduled for completion by December 2020. Ferringhi Residence 2 is expected to have a total gross development value (GDV) of RM614 million.

Read our extensive review about Ferringhi Residence 2 here!

In attendance during the event were Mah Sing’s Chief Operating Officer, Everlyn Khaw, senior management team of Mah Sing as well as consultants and main contractors which are involved in the development of Ferringhi Residence 2.

Mah Sing Group continues to expand its foray in Penang

In 2007, the Group ventured into Penang with its first township in the island, Southbay City. This year marks the 12th year of Mah Sing’s presence in Penang. Up to date, the Group has launched over 1,800 units of properties in Penang with total GDV of approximately RM2.3 billion.

Mah Sing’s Chief Operating Officer, Everlyn Khaw said, “We are optimistic about our ongoing projects in Penang as they have been receiving encouraging take-up rates despite the challenging property sector. As our projects in Penang are located in strategic locations and consist of the right product mix that caters to different market needs, we are confident that they will continue to do well especially with various initiatives introduced by the government to stimulate the property industry.”

Everlyn also added, “The completion of the first phase of our Ferringhi Residence 2 project once again signifies a stalwart accomplishment from our group in meeting the project deadlines we have set. At the same time, we will continue to look out for ways to enhance our project features such as the automated waste collection system and multi-tier security system that we have put in place. In addition to that, we are also in the process of obtaining the BCA Green Mark certification for Ferringhi Residence 2 and this will signify our commitment to creating a sustainable development that is environmentally friendly and beneficial to the surrounding communities of the area.”

 

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CJ Chai
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Metro City Realtors Sdn. Bhd.
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