Mah Sing’s Acacia Phase 2 80% taken up

KUALA LUMPUR (Dec 7): Mah Sing Group Bhd’s Acacia Phase 2 double-storey linked homes at its Meridin East township development in Johor has achieved 80% in take-up over a weekend launch last Saturday (Dec 5). Phase 2 comprises 94 units and has a gross development value (GDV) of RM57.2 million.

Acacia Phase 1, launched in 1Q2020, is fully taken up. The first phase has 93 units and a GDV of RM55.4 million.

“The encouraging take-up rate for Acacia Phase 2 is a testament that demand for affordably priced properties of good quality at strategic locations remains resilient,” said Mah Sing’s chief operating officer Benjamin Ong in a press release.

“This positive result is also on the back of the government’s Home Ownership Campaign (HOC) 2020. Buyers can leverage on the HOC under Penjana [the National Economic Recovery Plan], which includes stamp duty exemption on the instruments of transfer for residential properties limited to the first RM1 million of the home price and full stamp duty exemption for loan agreement,” Ong added.