Mah Sing Group Berhad through its wholly-owned subsidiary Myvilla Development Sdn Bhd has signed a Sale and Purchase Agreement with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd to purchase land in Cyberjaya.

A total of RM21.74 million is offered for the 6.32 acre of the freehold commercial plot which is adjacent to Mah Sing Group’s 115.25 acre Garden Residence project.

According to a Bursa Malaysia statement by Mah Sing Group, the acquisition will allow the group to plan complementary commercial products including service apartments and retail units which will allow the group to enhance the overall appeal of Garden Residence.

It added, “Due to the strategic location of the adjacent land being directly opposite Lim Kok Wing University as well as proximity to several other reputable institutions of higher learning, there is a captive market of lecturers and students for the project. Furthermore, there are more than 500 multinational and local companies operating in Cyberjaya, providing additional catchment of professionals for the project.”