Mah Sing sees natural ‘spillovers’ from Malaysia’s strong growth, as the conglomerate bets on premium residences and data centers |
Mah Sing sees natural ‘spillovers’ from Malaysia’s strong growth, as the conglomerate bets on premium residences and data centers
A Malaysian property developer founded six decades ago as a plastics trader is repositioning itself for the artificial intelligence era, leveraging land banks in the Klang Valley and Johor to court data center operators.
Mah Sing, No. 422 on Fortune’s Southeast Asia 500 list, had a blockbuster 2025, reporting decade-high real estate sales of 2.51 billion ringgit ($633 million); the conglomerate also lifted its 2026 revenue guidance to 2.76 billion ringgit ($696.3 million). It also earned 260.1 million ringgit ($66 million) in profit last year, up from 240.8 million ringgit the year before.
Now, the firm is making two bets: Premium residential real estate in Kuala Lumpur’s urban core, and industrial land for data center development.
Mah Sing has recently acquired land fewer than 500 meters from Kuala Lumpur’s city center, and hopes to roll out a “premium offering” later this year, Lionel Leong, Mah Sing’s deputy CEO, told Fortune. The move will be a departure from the firm’s M........