Rsz m adora
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Mah Sing Group Bhd’s latest land acquisition in Wangsa Melawati, Selangor will be seeing a residential development, called the M Adora, in the fourth quarter of 2019 (Q419).

The 4.515-acre prime land, valued at RM91.97 million, has obtained its approved development order (DO) and is the third acquired land in the Klang Valley by Mah Sing, for this year.

The two prior acquisitions will also be seeing residential projects, namely M Oscar in Kuchai Lama and M Luna in Kepong. M Oscar is currently open for registration of interest, while M Luna and M Adora will both be open for registration of interest by Q419, to allow the Group to ride on the extended timeline for the national Homeownership Campaign (HOC).

Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum said the group will be continuing its initiative in developing the ‘luxury you can afford’ projects in strategic locations to meet immediate market demand.

“Coupled with our unique quick turnaround model, we believe M Adora will be able to match the current market demand for affordable housing that comes with ample amenities,” he said.

M Adora, which had gross development value (GDV) of RM378million, is planned to be built in two blocks of affordable residential development. The most affordable units would have an indicative built up from 850 sf and indicative starting price from RM468,000.

The project will have a North-South orientation, which enables the purchasers to enjoy unblocked KLCC views and scenic view of Genting Highland. It is located only 800 meters from Middle Ring Road 2 (MRR2), and the land is directly accessible from Jalan Wangsa Melawati 1, with 900-meter covered walkway from the Wangsa Maju Mall to Sri Rampai LRT station.

Mah Sing is still eyeing for more land parcels which are strategically located in the Klang Valley. The Group’s expansion drive is underpinned by its healthy balance sheet with cash and bank balances of RM1.3billion for the quarter ended 31 March 2019.

(13 September 2019)


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Looking good project