Kuala Lumpur, 2023 - Mah Sing Group Berhad, a leading property developer in Malaysia, has been recognized as one of Malaysia's Best Managed Companies 2023. Launched in 2021, the awards program recognizes excellence in privately and family-owned companies listed on Bursa Malaysia, with an annual revenue of at least USD50 million for their organizational excellence and achievements.
Mah Sing’s Group Strategy and Operations Director, Rachel Leong was presented with the Best Managed Companies 2023 award by Deloitte’s Country Managing Partner, Mr. Yee Wing Peng and witnessed by Taliworks Chairman, YAM Tunku Ali Redhauddin and Deloitte Southeast Asia's Best Managed Companies Leader, Michael Tsia at EQ Hotel Kuala Lumpur, during the gala dinner held last night.
As a homegrown property developer, Mah Sing takes pride in our fast turnaround business model, enabling us to swiftly progress across projects from land acquisition, development, completion and handover to customers within a set timeframe. With a portfolio of 55 projects, Mah Sing currently has a total remaining Gross Development Value (GDV) and unbilled sales of RM27.36 billion, ensuring steady and visible earnings for the Group. Over the course of 30 years, Mah Sing has consistently innovated and evolved to maintain a competitive edge while remaining true to its brand promise of excellence in service, sustainable operations and delivery of quality and attainable homes.
Mah Sing's Founder and Group Managing Director, Tan Sri Dato' Sri Leong Hoy Kum shared, "Being recognised among Malaysia's Best Managed Companies in 2023 is an incredible honour and a testament to our dedication to excellence and innovation. It reflects our relentless pursuit of best practices, strong governance, and sustainable growth. This recognition inspires us to continue pushing boundaries, delivering exceptional value to our stakeholders, and setting new benchmarks in the industry. We are proud of this achievement, and it inspires us to reach even greater heights in the future."
Mah Sing's commitment to efficient execution, timely project delivery and cost management safeguards the strong reputation and trust of the Mah Sing brand. With a deep understanding of market trends and customer preferences, Mah Sing continues to stay ahead of the curve to capitalize on emerging opportunities. Additionally, the Group's agile business model and prudent capital management further support its initiatives, ensuring a healthy balance sheet with low net gearing and strong cash liquidity.
Mah Sing's Group Strategy and Operations Director, Rachel Leong shared during the gala dinner, "Being customer-focused is core to our business strategy. We continuously enhance customer experience by leveraging technologies such as customer relationship management software and cloud-based defect management system. The latter enables us to digitize the process of quality inspections, defect submissions, and rectifications. Our mission is to deliver quality products and a superior customer experience."
Tan Sri Dato’ Sri Leong added, “Our employees are the cornerstone of Mah Sing’s success. Their commitment and energy have been instrumental in bringing us to where we are today and with that, I would like to take this opportunity to express my sincere gratitude. We remain committed to fostering a high-performance culture that prioritizes the well-being of our Mah Sing family, ensuring an excellent working environment. We will continue to push the boundaries to deliver exceptional value to our stakeholders and strengthen our commitment to the growth and development of our nation.”
This is Mah Sing Group Berhad's first time participating in the Best Managed Companies award programme. Listed on Bursa Malaysia in 1992 through its plastic manufacturing arm, Mah Sing then ventured into property development in 1994 and was then reclassified from industrial to the property sector. Mah Sing successfully built a strong presence in the property sector with expertise in various segments such as high-rise residences, townships, offices, retail spaces, SoHo and industrial projects. With a strong emphasis on delivering value to its stakeholders, Mah Sing continues to play a significant role in shaping Malaysia's real estate and business landscape.
Chee Pei Pei, Best Managed Companies Leader, Deloitte Malaysia, said, "The 2023 Best Managed Companies winners have demonstrated innovation, courage, and resilience in the face of a rapidly evolving market. I'm proud to have witnessed the tremendous achievements of 13 Malaysian companies on their journey towards excellence since 2021. I applaud their stellar achievement and look forward to seeing more outstanding private companies attain remarkable achievements on the global stage."
Designed to inspire, celebrate and build an international ecosystem of exceptional private businesses, Best Managed evaluates businesses based on four pillars - strategy, capabilities and innovation, culture and commitment, as well as governance and financials. Applicants are carefully evaluated by a panel of independent judges in each country based on more than 25 years of observed practice from the global awards programs, which have been rolled out in 45 countries worldwide.
"We are proud of the top private businesses that quality and requalify for our Best Managed Companies award this year. From enhancing their sustainability practices to driving employee engagement and maintaining a strong balance sheet, these Best Managed Companies distinguish themselves by having an innovative vision and offering the best-in-class products and services to their customers," said Michael Tsia, Best Managed Companies Leader, Deloitte Southeast Asia.
Private companies compete for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes their business strategy and operations analysed and benchmarked against a global standard evaluation framework, which is applied across more than 1,300 Best Managed Companies worldwide. Through this process, business leaders gained valuable insights to sharpen their strategies and refine their operations, hence, optimising their business growth.
Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes.