09/08/2025
🏙 Mah Sing’s RM260 Million KLCC Land Deal: Pricey but Strategic 💼
Mah Sing Group is acquiring the Corus KLCC Hotel land for RM260 million—at RM4,019 psf, it’s a premium price. But analysts say it’s a smart move, with plans to redevelop the site into luxury serviced apartments worth RM1.28 billion in GDV.
Despite the high cost, the land only makes up 20% of the project’s value, and profit margins are expected to hit 20%. A bold step toward long-term growth in the heart of Kuala Lumpur.
📍 Location: Jalan Ampang, near Petronas Twin Towers
📈 Market cap: RM3.07 billion
📊 Target price nudged to RM1.51 by MBSB Research
📰 Full story: [The Edge Malaysia](https://theedgemalaysia.com/node/765797)
