Untitled design  7  copy 5
Logo3 small

Mah Sing strives to offer the right product, in the right location, at the right pricing

Mah Sing Group Bhd had acquired a new 5.47-acre plinth of land in Mukim Batu, Taman Metropolitan, Kepong for approximately RM94.8mil.

The strategic land parcel is placed next to the Middle Ring Road 2 (MRR2), which will provide direct access into the said vicinity.

The developer plans to develop a stylish yet affordable high rise property dubbed M Luna on the aforementioned piece of land.

The residence is planned to open for registration in 4Q2019, allowing the upcoming property to enjoy the benefits on the extended timeline of the National Home Ownership Campaign (HOC).

Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said, “This is our second land acquisition for 2019, reflecting the group’s ability to acquire reasonably priced prime land plots that are turnaround ready.

The strategic location will be even better enhanced with some proposed infrastructure improvement in the vicinity that is ideal for a niche development.”

Mah Sing intends to leverage on its proven track record in developing affordably priced quality homes in strategic locations to meet the demand of the current market.

Artist impression of M Luna

M Luna is expected to be priced from RM385,000 for a 700 sf unit, with a total gross development value (GDV) of RM705mil. The high rise development is planned to encase two blocks of serviced apartments with a “luxury you can afford” concept.

The upcoming property is targeted to first-time homebuyers and upgraders, planned for development over a span of 4 years.

Leong said, “buyers will be able to benefit greatly from the prime land which bodes well with our growth strategy and tagline, ‘Reinvent Spaces. Enhance Life.’

He added, “We will continue our strategy of providing homes with luxury features at affordable prices as we believe demand will persist for the right product, in the right location, at the right pricing.”

The acquisition of the M Luna parcel will increase Mah Sing’s prime landbanks to 2,104 acres, with total remaining GDV and unbilled, sales of RM25.84bil, which can sustain growth over the next 8 to 9 years.

(16 September 2019)


20150527 023646 1 small

we shall wait and see how affordable is this project #MLuna