Mah Sing Collaborates with RHB Bank to Offer 95% + 5% Home Financing for Johor Projects
Kuala Lumpur – Mah Sing Group Berhad (Mah Sing) has partnered with RHB Banking Group (RHB) to make homeownership accessible through an exclusive home financing package. The offer includes a 95% margin of financing plus an additional 5% for Mortgage Reducing Term Assurance (MRTA) or Mortgage Reducing Takaful Term (MRTT). This package is available for Mah Sing’s GreenRE-certified projects in Johor: M Minori’s Tower C, M Tiara 1 and Meridin East. This is also RHB’s first Green Home Financing initiative in the southern region, providing higher financing margins than the conventional 90%.
Mah Sing offers a diverse range of residential, commercial, and industrial properties in Johor. The partnership reinforces Mah Sing’s dedication to sustainable development while empowering homeowners with eco-conscious financing solutions.
Mah Sing’s Group Chief Executive Officer and Executive Director, Dato’ Voon Tin Yow said, “Our collaboration with RHB’s Green Financing initiative aligns perfectly with Mah Sing’s commitment to creating sustainable and responsible development. This collaboration supports our vision of building greener, more energy-efficient homes and provides our customers with financial solutions that encourage environmentally conscious investments. By working together, we can make a meaningful impact on the communities and inspire others to embrace environmentally conscious practices.”
“Johor remains an important market for us and we are highly optimistic about its potential. We believe our projects in Johor will greatly benefit from the region’s ongoing developments, such as planned infrastructure upgrades and enhanced amenities that will greatly improve connectivity. Additionally, Johor’s proximity to Singapore positions it as a strategic location for businesses and industries, supported by strong collaborative efforts by the Malaysian and Singaporean governments to boost economic activities in both countries. As such, we are actively looking to acquire more landbank in Johor to expand our industrial and residential projects,” said Dato’ Voon Tin Yow.
RHB Green Home Financing is an initiative to support sustainable development and eco-friendly investments, contributing to a greener economy and a more sustainable future. It offers competitive financing options for green projects, such as energy-efficient buildings and renewable energy solutions, enabling both developers and homebuyers to embrace sustainable practices.
Jeffrey Ng Eow Oo, Managing Director of Group Community Banking, RHB Banking Group, commented, “RHB is excited to support Mah Sing’s GreenRE-certified projects in Johor through our Green Home Financing solution In 2024 alone, RHB has provided over RM600 million in financing to support the development and certification of green developments across Malaysia. This partnership underscores our commitment to fostering a sustainable lifestyle for Malaysians by offering attractive financing for eco-friendly homes.”
Mah Sing’s Chief Executive Officer of Property Subsidiaries, Benjamin Ong shared, “This 95% + 5% home financing package is timely support for our buyers’ homeownership journey, available exclusively for our GreenRE certified developments: M Minori Tower C, M Tiara 1 and Meridin East. Since launching M Minori, we have seen an impressive response with 96% of Towers A and B sold, leading us to open Tower C for sale. M Tiara 1 has also attracted over 14,000 registrations of interest, affirming our acquisition of M Tiara 2. Meridin East, our largest township at 1,313 acres, has seen nearly 5,000 residential and commercial units launched since 2016. Johor remains our second largest development region after Klang Valley and it will continue to be one of the most important market for us.”
Mah Sing has strong presence in Johor since 2000, with prominent townships such as Sri Pulai Perdana, Sri Pulai Perdana 2, Austin Perdana, Sierra Perdana and Meridin East, as well as mixed use and industrial developments like Meridin@Medini mixed-use project and i-Parc industrial development. M Minori is the first project from Mah Sing’s popular M Series to be introduced in Johor Bahru, continuing the success of the series in the Central region.
M Minori marks Mah Sing’s first M Series project in Johor, offering the signature traits of affordability, strategic location, excellent connectivity, ample amenities, established infrastructures and good quality designs. M Tiara 1 is 75.5 acres landed residential development strategically located between the vibrant townships of Mutiara Rini and Lima Kedai. Following strong demand of M Tiara 1, Mah Sing acquired M Tiara 2, a 100.4 acres freehold land about 400 metres away. Meridin East is the Group’s largest township, covers 1,313 acres and includes a diverse range of development types.
Key Project Highlights
M Minori – Mah Sing’s inaugural M Series priced from RM288,000
Priced affordably starting from RM288,000, M Minori prioritizes environmentally friendly and sustainable living. The development has been awarded the GreenRE Bronze certification, underscoring its commitment to eco-conscious development. Residents will benefit from various green features such as EV charging stations, rainwater harvesting, an automated waste collection system, and the use of sustainable building materials. In addition to its sustainable features, M Minori enhances residents’ convenience with amenities like shuttle bus services to the CIQ and RTS JB, facilitating commuting for residents working in Singapore.
Inspired by Japanese living concept, M Minori is aimed at young buyers looking for a more convenient and safer environment due to the stricter access control at an affordable price. M Minori is in the heart of the established Austin community, which means buyers will be able to easily access educational institutions, medical centers, shopping outlets and more. We believe that first-time home buyers from surrounding areas who want to stay near the central business district will find M Minori very attractive and convenient.
M Tiara 1 – Strategically located with excellent connectivity and amenities
Straddled between well-established townships, M Tiara 1 offers excellent connectivity, ample amenities and well-equipped infrastructure. Residents will enjoy 9 acres of lush green spaces designed with pedestrian-friendly pathways and cross-generational facilities, providing the perfect setting for gatherings, relaxation with friends and family, and fostering a harmonious blend of nature and community. The development will be constructed using sustainable building materials, ensuring both homes and public amenities are environmentally responsible. Additionally, M Tiara 1 will incorporate energy-efficient materials in its infrastructure and public facilities, further enhancing its commitment to sustainability and promoting a greener, healthier lifestyle for its residents.
Meridin East – Mah Sing’s crown jewel in Johor
Mah Sing’s largest integrated township spanning 1,313 acres, Meridin East is a flagship development that embodies the principles of sustainable living. Designed with a strong focus on environmental responsibility, Meridin East boasts an extensive 500 acres of green spaces, parks and lakes, complemented by energy-efficient homes and infrastructure built with sustainable materials. Strategically located in Pasir Gudang, Johor, this township is well-supported by local amenities such as educational institutions, healthcare facilities, entertainment options, and more. Mah Sing has also enhanced the accessibility to Meridin East through its connections to multiple highways.
Since its launch in 2016, Meridin East has introduced almost 5,000 residential, commercial and industrial units with almost 2,500 homes now occupied by satisfied homeowners.
Interested home buyers who wish to know more about M Minori, M Tiara 1 and Meridin East can visit the sales gallery unit located at Taman Austin Perdana, Taman Mutiara Rini and Meridin East in Johor Bahru, respectively. Sales gallery opening hours are from 9:30am – 9.00pm. For more information, homebuyers can also contact +607-291 3209 or visit www.mahsing.com.my .
