20 May 2013
Mah Sing Group has appointed Unitech for its latest project in Penang. The 61.03 acres of free-hold land at Batu Ferringhi will be developed into resort-styled Ferringhi Residence by Mah Sing's wholly-owned subsidiary Uptrend Housing Development Sdn. Bhd. It has an estimated gross development value of RM800mil and will be built over five years.
Listed on the Main Board of Bursa Malaysia, Mah Sing is one of Malaysia's premier lifestyle developers more than 18 years of property development expertise. Mah Sing is a well-diversified and versatile developer with a strong branding in medium to high end landed residential properties, commercial projects including Grade A office buildings, offices, shops, retail and SoHo as well as industrial projects. The Group's 36 lifestyle projects in Malaysia are focused in prime & strategic locations in Kuala Lumpur, Klang Valley, Penang Island and Johor Bahru.
Ferringhi Residence is located strategically at Penang's famous Batu Ferringhi resort cove. Blessed by its surroundings of lush greenery of the hill and the majestic ocean nearby, Mah Sing brings the premier lifestyle experience to Ferringhi Residence, marking the first sustainable development in the area, incorporating a gated and guarded community, resort clubhouse and central linear park.
Ferringhi Residence comprises of low-rise condo villas and high-rise resort condominiums. Built on the higher elevation from the beachfront, its Condominiums will command breathtaking ocean vistas. Along the serene clutches of the forest hillside and the condo villas are blessed with charms of Penang’s best natural setting.
Resembling Mah Sing’s other life-style developments, Ferringhi residence is poised to be one of the most sought garden resort development featuring luxurious low-rise condo villas and high-rise resort condominiums - a new premier lifestyle concept in prime location, by an award-winning developer.
Unitech has been commissioned to provide Pre-Contract and Post-Contract Quantity Surveying and Cost Management Services for the entire development. Construction works for Show Village and Site Clearance & Earthworks have commenced on site.