Mah Sing to provide business grants for Savanna Lifestyle Shop owners

Lum Ka Kay | TheEdgeProperty.com
Friday, 16 June 2017 13:02:57 PM

PETALING JAYA (June 16): Mah Sing Group Bhd has introduced its Business Incentive Grants, or BIG programme, to owners of its Savanna Lifestyle Shops in Southville City, Bangi, Selangor.

Eligible applicants will stand to receive business grants up to RM800,000 when they purchase a Savanna Lifestyle Shop unit.

Besides that, the developer will also provide two complimentary car park bays worth RM25,000 to each eligible applicant. The programme will run from today until July 31, 2017 and is limited to the first 100 successful applicants.

“We wanted to go ‘big’ and develop a programme that will help entrepreneurs and business owners to own a quality lifestyle shop unit and at the same time have cash in hand to run their business.

“Our focus is to enhance the lives of our buyers and the BIG programme does this by providing business grants to owners to start and grow their business,” said Mah Sing group managing director Tan Sri Leong Hoy Kum in a statement today.

He elaborated that the developer’s Savanna Lifestyle Shop units have a ready catchment of 15,800 people from the Avens Residence and Savanna Executive Suites in Southville City.

“We will be delivering vacant possession for Avens Residence and Savanna Executive Suites starting from July and September 2017 respectively.

“In fact, we are also giving move-in rewards worth RM3,500 to the first 1,000 homeowners who move into Savanna Executive Suites as a welcome gift to the residents and help start their lives in Southville City,” he added.

According to Leong, Southville City’s strategic location next to the KL-Seremban Highway is an added advantage as business owners are able to tap into the nearby communities.

“The whole Southville City development will only be 19km from Kuala Lumpur once the direct interchange into the KL-Seremban Highway is completed in December 2017.

“Shop owners can tap into the Kuala Lumpur population as well as Southville City’s neighbouring communities such as Putrajaya, Cyberjaya, Bangi, Kajang, Semenyih, Nilai and Dengkil to build their customer base,” he said.

How BIG works

Basically, once a buyer has placed a booking fee of RM10,000 for a Savanna Lifestyle Shop unit and the loan is approved, Mah Sing will provide a business grant to the owner based on the chosen unit.

Mah Sing will also vet through the type of business being operated in order to ensure the business will complement the development and has potential to be successful with the given business grant.

The business grants will range from RM368,000 to RM800,000 and will be given to the buyer within three months from the date of vacant possession.

Savanna Lifestyle Shops comprises 208 units of double-storey lifestyle retail shops with built-ups starting from 2,643 sq ft (20ft x 75ft). The shops are part of the Savanna Executive Suites, which houses 3,192 units of serviced apartments over eight blocks of 28- and 30-storey towers.

Savanna Executive Suites and Savanna Lifestyle Shops are 95% completed and will be handed over starting from September 2017 onwards.

Savanna is part of Mah Sing’s 428-acre masterplanned mixed development Southville City @ KL South, which has a gross development value of RM11.1 billion.