Mah Sing Group Berhad (Mah Sing) starts off the new year with the structure completion of M Vertica’s Tower A in Cheras and its first topping up ceremony of 2021. Along with it, M Vertica’s achievement of a 92% take-up for the first three towers.
A mixed development with family-friendly layout units designed for contemporary urban families, M Vertica is an affordable urban luxury in the city. The spiralling project consisting of 5 residential towers has a Gross Development Value (GDV) of RM2.2 billion; 54 storeys (Tower A, C and E) and 53 storeys (Tower B and D).
“M Vertica has been one of our highlight projects since the initial launch of both Tower A and B back in 2018. We are pleased to kick start 2021 with the topping up ceremony of Tower A, which our home buyers of Phase 1 can expect to move in very soon in early 2023.”Tan Sri Dato’ Sri Leong Hoy Kum, Founder & Group Managing Director of Mah Sing
Despite its near full taken-up status, there are still some choice units available in Tower D along with the highly anticipated launching of Tower E expected in the second quarter of 2021 for homebuyers to look forward to.
Mah Sing has also announced that M Vertica Phase 1 has successfully recorded over 1.8 million safe man-hours without Lost Time Injury in conjunction with the topping up ceremony. Despite the many turbulences of last year, they can remain on track to meet their homebuyers’ delivery schedule.
“This reflects our dedication to ensure that M Vertica will be delivered on time by working closely with our contractors but also safeguard the welfare of our workforce on site as well.”Datuk Ho Hon Sang, Chief Executive Officer of Mah Sing
The construction progress of M Vertica’s Phase 1 (Tower A and B) is at 65% while Phase 2 (Tower C, D and E) has reached 45%. Phase 1 is expected to be ready for vacant possession in the first quarter of 2023.
“Moving forward, we are optimistic with our ongoing projects including M Vertica asDatuk Ho Hon Sang, Chief Executive Officer of Mah Sing
we have seen promising take-up rates in line with the local economic recovery. We
believe we are able to cater for different market needs through the right product mix
as our projects are located in strategic locations across the cities. We are confident
that these will bode well with all the various initiatives introduced by the government
especially to stimulate the property industry.”
In addition, Mah Sing is also expected to celebrate another topping up for M Centura in the first quarter of the year.