Mah Sing acquires 111.3ha (275 acres) Semenyih land from S P Setia for RM273.5mil to launch M Legasi 2

Mah Sing Group Bhd is deepening its footprint in Semenyih, Selangor with the purchase of 111.3 hectares (about 275 acres) of freehold land from Petaling Garden Sdn Bhd, a wholly owned subsidiary of S P Setia Bhd.

The transaction is valued at RM273.5 million, and the newly acquired parcel sits directly adjacent to Mah Sing’s existing M Legasi township. The land will be used for M Legasi 2, positioned as an upscale extension of the original township.

Land details & pricing

According to market reports, the new tract brings Mah Sing’s Semenyih footprint to roughly 775 acres when combined with the current ~500-acre (about 202ha) M Legasi township.

Implied land cost: About RM20.60 per sq ft, based on the reported average price.

Land size: 111.3ha (≈275 acres)
Tenure: Freehold
Vendor: Petaling Garden Sdn Bhd (S P Setia subsidiary)
Purchase price: RM273.5mil

M Legasi 2: upscale extension of an established township

The land will pave the way for M Legasi 2, envisioned as a higher-end, integrated township that builds on the success of Mah Sing’s existing M Legasi.

Chinese business dailies note that M Legasi 2 is planned as a mixed residential and commercial development, offering more diverse and upgraded products tailored to modern homebuyer needs compared to the first phase.
KLSE Screener.

Early commentary also points to a substantial first-phase gross development value (GDV) of around RM1.7 billion for residential and commercial components, underscoring Mah Sing’s long-term confidence in the Semenyih corridor.

Strategic rationale: Semenyih growth story

The acquisition:

Provides longer-term township pipeline, supporting Mah Sing’s recurring launch strategy in the “M Series” affordable–mid-range segment, while lifting the overall positioning of M Legasi via M Legasi 2’s more premium offerings.

– Consolidates Mah Sing’s position in the Semenyih growth corridor, which has benefited from spillover demand from Kajang, Bangi and southern Klang Valley.
– Improves master-planning flexibility across the combined 700+ acres, allowing better road networks, amenities, and product staging over multiple phases.
– Provides longer-term township pipeline, supporting Mah Sing’s recurring launch strategy in the “M Series” affordable–mid-range segment, while lifting the overall positioning of M Legasi via M Legasi 2’s more premium offerings.

What it means for buyers & investors?

For homebuyers and small investors, the move signals that:

– Mah Sing sees sustained demand in Semenyih, especially for township-style living with integrated amenities.
– Future launches under M Legasi and M Legasi 2 are likely to feature a broader mix of landed homes, high-rise units and commercial lots, supporting a self-contained community over time.
– The low land cost per sq ft vs. more central Klang Valley locations gives room for competitive launch pricing while still preserving decent margins.

Search for residential properties for sale in Semenyih area.

https://nextsix.com/properties-for-sale/selangor/semenyih/residential

Article Information Source: NST

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