"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 Series properties, based around "affordable luxury" homes priced at 500,000 Malaysian ringgit ($126,000) to target the mass market. Malaysia, too, had a good year, with the economy growing by 5.2%, ahead of government forecasts."
""The spillovers are quite natural. The current administration is doing a lot to bring in FDI, and the middle class is growing." Humble beginnings Mah Sing was founded in Kuala Lumpur in 1965 by Leong's father, Tan Sri Leong Hoy Kum. The name derives from the firm's ambition to expand across both Malaysia (" mah") and Singapore (" sing")."
Mah Sing, founded in 1965 as a plastics trader, has repositioned itself for the artificial intelligence era by targeting data center operators. The company reported decade-high 2025 real estate sales of 2.51 billion ringgit and raised 2026 revenue guidance to 2.76 billion ringgit, with profit rising to 260.1 million ringgit. Its strategy includes two bets: premium residential real estate in Kuala Lumpur’s urban core and industrial land for data center development. The firm acquired land within 500 meters of Kuala Lumpur’s city center and plans a premium offering later in the year. It also leverages land banks in Klang Valley and Johor to pursue industrial opportunities tied to AI infrastructure demand.
Read at Fortune
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