RM528mil GDV M CORA Transit-Linked Mixed Development near Karpal Singh Drive marks another milestone in Mah Sing’s Penang growth story – condominiums and commercial suites, indicatively priced from RM426,000
Penang, 2025 – Mah Sing Group Berhad (Mah Sing) today announced plans for M Cora, a RM528 million gross development value (GDV) mixed development strategically located just 450 metres from the upcoming Mutiara LRT Line’s Bandar Sri Pinang Station. This prime site near Karpal Singh Drive offers seamless connectivity across Penang Island and to the mainland via Penang Sentral, underscoring Mah Sing’s focus on developing well-connected urban communities.
The project is situated on a 2.83-acre site acquired from the Penang Development Corporation (PDC) for RM51.8 million. The signing ceremony, witnessed by the Penang Chief Minister, YAB Tuan Chow Kon Yeow, underscores the State Government’s confidence in Mah Sing’s proven track record and its alignment with Penang’s vision of sustainable growth, economic inclusivity, community empowerment, and the adoption of smart technologies to enhance overall quality of life. Also present were Mah Sing’s Group Chief Executive Officer and Executive Director, Dato’ Voon Tin Yow, and Dato’ Mohammad Azhar bin Hamdan, Senior Deputy Chief Executive Officer of Penang Development Corporation (PDC). The sale and purchase agreement was officially signed between Mah Sing’s Chief Executive Officer Property Subsidiaries, Yeoh Chee Beng and Deputy Chief Executive Officer of PDC, Tuan Haji Sr. Roslan bin Hassan. The event underscored the State Government’s strong support and commitment towards fostering strategic partnerships that drive sustainable growth and development in Penang.
Expanding Presence in Penang
M Cora marks Mah Sing’s fourth land acquisition for 2025 and builds upon the Group’s successful track record in Penang since 2009. Planned as a mixed development featuring condominiums and commercial suites, the project targets a diverse range of buyers including first-time homeowners, working adults, families, and investors seeking long-term value. Subject to authorities’ approval, M Cora will offer two-bedroom condominiums with indicative built-up areas of approximately 904 sq ft to 1,015 sq ft. The commercial suites will feature three layout options with indicative sizes of 450 sq ft, 660 sq ft, and 750 sq ft. M Cora is expected to be launched in the second half of 2026 with indicatively priced from RM426,000.
Long-Term Commitment to Penang
Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum shared, “Mah Sing has been part of Penang’s growth story for nearly two decades, and we value the strong working relationship we have established with the State Government over the years. With M Cora, we are not only introducing a future-forward lifestyle address in one of Penang’s most exciting growth corridors but also reaffirming our long-term commitment to the State. This development aligns with our growth strategy as we continue to launch projects across the Central, Southern, and Northern regions. Our focus remains clear — to invest in key property hot spots where connectivity, infrastructure, and lifestyle amenities converge. With its prime location and upcoming LRT access, M Cora is poised to become a new benchmark for mixed-use urban living on Penang Island.”
He added, “We continue to actively seek strategic landbanks across Malaysia to future-proof our growth. Backed by our financial strength and expansion momentum, we are well-positioned to move swiftly on viable opportunities that align with market demand. Our financial discipline and proven execution prowess allow us to act decisively in securing land with high development potential that attracts both owner occupiers and investors, just like M Cora.”
Penang: A Trusted Market for Mah Sing
Mah Sing is no stranger to Penang. The Group first entered the market in 2009 with its Southbay township in Bayan Lepas. The fully sold projects under this masterplan include Residence@Southbay, Legenda@Southbay, Southbay Plaza, The Loft, and M Vista. In 2014, Mah Sing expanded to Batu Ferringhi with Ferringhi Residence, followed by Ferringhi Residence 2 in 2016. Tower B of Ferringhi Residence 2 is currently 89% sold, with Tower A and C scheduled for upcoming launches. These northern launches are further supported by the approved North Coastal Paired Road (NCPR), which will enhance accessibility and property appeal in the area.
M Cora adds to Mah Sing’s Northern pipeline, following the successful grand launch of M Zenni in Southbay last month. With a GDV of RM309 million, M Zenni is a 33-storey residential tower offering 494 units with various layouts suited for first-time buyers and young families, starting from RM480,000.
Strategic Location with Transit Potential
Located just 450m from the upcoming Mutiara LRT Line Bandar Sri Pinang station, residents of M Cora will enjoy seamless public transport connectivity across Penang Island and to the mainland via Penang Sentral. The site also fronts the Tun Dr Lim Chong Eu Expressway, linking it effortlessly to George Town and Bayan Lepas, while its immediate surroundings comprise mature residential and commercial developments. The 29.5km Mutiara LRT Line will feature 21 elevated stations connecting key locations including Silicon Island, Penang International Airport, SPICE Arena, Universiti Sains Malaysia (USM), Sungai Pinang, Komtar, and Penang Sentral. With a future interchange at Jelutong East and park-and-ride convenience at nearby stations, M Cora is ideally located for long-term value and convenience. The development will comprise contemporary residences integrated with retail and lifestyle elements to suit the needs of young professionals, first-time home buyers and investors alike.
Surrounded by Established Amenities
M Cora is close to many key amenities. Nearby schools include Wesley Methodist School Penang (0.5km), SMJK Convent Datuk Keramat (2.2km), Sekolah Kebangsaan Francis Light (2.3km), Penang Free School (2.9km), Heng Ee High School (2.4km), SJK (C) Kheng Tean (2.3km), and SRJK (C) Jelutong (2.2km). Tertiary institutions nearby include Island College of Technology (2.1km), Han Chiang University College of Communication (2.9km), Advance Tertiary College Penang (1.9km), UOW Malaysia KDU Penang University College (3.4km), and Forward College (3.1km).
Public transport options include the Penang Ferry terminal (2.6km) and Mutiara LRT Line stations such as Bandar Sri Pinang (450m). Shopping malls nearby include Maritime Automall (750m), Penang Times Square (2.1km), Komtar (2.7km), Prangin Mall (2.3km), and First Avenue Mall (2.1km). Hospitals in the area include Lam Wah Ee Hospital (3.2km), Georgetown Specialist Hospital (4.5km), Penang General Hospital (3km), and Island Hospital Penang (3.3km).
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