The government’s move to promoting green technology that extends incentives to green technology suppliers, developers and home buyers brings about positive news to Mah Sing Group.

Tan Sri Dato’ Leong Hoy Kum, group managing director, Mah Sing Group Berhad, said in a press release dated 23 October 2009, “We are already incorporating eco-friendly features in our properties and the tax rebate equivalent to the cost of obtaining Green Building Index (GBI) certification is a big incentive for us to obtain the certification.  House buyers who buy GBI certified properties will also enjoy stamp duty waivers, and we believe this will further increase the demand for environmentally friendly projects in Malaysia.”

A new scheme enabling EPF contributors to use current and future savings in Account 2 is seen to increase affordability as buyers will be able to obtain higher financing for their properties. “We believe we shall see significant increase in take up for our medium to high-end homes in our Legenda, Residence and Perdana series, as many of our target buyers are active contributors to the EPF,” said Leong.

“The Government has been proactive in providing a conducive and streamlined business environment, and we are very pleased that local authorities will now expedite the issuance of Development Orders. The success of the Mah Sing’s business strategy rest upon the Group’s ability to effect a fast-turnaround for our projects and offer properties which meet market needs.  This news is certainly a big positive for our business operations,” Leong summarised.