Mah Sing Group Berhad will be developing M AZURA, a new transit-oriented development on 4 acres of prime land in Mukim
Setapak, Kuala Lumpur and has an estimated Gross Development Value (GDV) of RM508 million and is planned as a residential development affordably priced from RM396,800.
The group acquired the land at RM74.3 million and said the land comes with the benefit of a converted title for “Bangunan” which will expedite the development process. This marks the developers fifth land deal in 2023, and said that it will continue to scout for more strategically located lands in Klang Valley, Johor and Penang.
The land is located near the proposed Mass Rapid Transport 3 (MRT3)’s Rejang Station, LRT Sri Rampai and LRT Wangsa Maju, while M AZURA is the Group’s third development in Setapak after M Astra and M Adora, both of which are fully sold-out.
The residential development will comprise of 2 blocks of serviced apartments with 2-bedroom, 3-bedroom and 4-bedroom units with indicative built-up ranges from 700sqft, 850sqft and 1,000sqft and with indicative starting price of RM396,800. The target registration of interest will be in Q1, 2024.
Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum said, “We have established and solidified our brand presence in Setapak through the positive reception and success of M Astra and M Adora. In fact, our recent project M Astra was fully sold within a year, reflecting buyers’ appetite and trust in the Mah Sing brand. This upcoming development, M AZURA, marks our third venture in this area.
Capitalizing on the spill-over demand from both our previous developments, we believe that M AZURA will be warmly welcomed by first-time homebuyers and those looking to upgrade in the neighbouring areas.”
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