Thursday, May 26, 2022
HomeNews RoomMah Sing inks second land deal of 2021, M Astra

Mah Sing inks second land deal of 2021, M Astra

Estimated at GDV of RM618 Million, the project is a 5 acres mixed development with affordable serviced suites

Mah Sing Group Berhad (Mah Sing) has just acquired new prime land in Mukim Setapak, Kuala Lumpur, of 5 acres for RM89million. This second land deal of the year is for their latest project, M Astra.

The acquisition is located 600 meters off the major trunk road in Kuala Lumpur, Jalan Genting Kelang and has 3 frontages facing Jalan Usahawan 5, Jalan Kilang and Jalan Usahawan 6. It is also 3km from the Group’s well-received M Adora in Wangsa Melawati and is targeted for registration of interest in the third quarter of 2021.

M Astra
Map Image of M Astra’s location

M Astra will be a mixed development comprising 2 blocks of serviced suites with an estimated gross development value (GDV) of RM618million. It plans to have 3-bedroom and 4-bedroom units, with indicative built-up ranging from 850sq ft to 1,030sq ft, and affordably priced with an indicative starting price from RM399,000.

Along with that, it features some retail lots with plans to accommodate drive through F&B outlets.

“The land acquisition of M Astra is timely as we foresee that the recovery of property market is gaining momentum and we wanted to be ready to seize the opportunity to meet the home buyers’ need for affordably priced projects.”

Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum

The project is expected to leverage a huge target catchment due to its close proximity to matured neighbourhoods such as Danau Kota, Desa Setapak, Setapak Jaya, Wangsa Maju, Taman Melati, Titiwangsa and Setiawangsa.

“We believe that first-time home buyers and upgraders from surrounding areas who want to stay near the central business district will find M Astra very attractive and convenient as we plan to have retail elements within the mixed development. The living environment is also very conducive as it is surrounded by ready amenities such as primary and secondary schools, educational institutions, public transport, shopping malls, and hospitals.”

Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum

Expecting great success for M Astra like their other projects, Mah Sing plans to continue to scout for more strategically located lands. The focus areas are Greater Kuala Lumpur and Klang Valley.

Check out our other articles!

The Art of Assisting Discovery, Prof Datin Paduka Setia Dato Dr Aini Ideris

Educate Both Heart and Mind This phrase is much cherished in Professor Datin Paduka Setia Dato' Dr Aini Ideris's heart. She believes the prosperity of...

The Ameliorator of Living Standards, Charlie Lim

Big Dreams, Better Results In the presence of ambition comes the appetite to thrive and prosper. For a person as enterprising as Charlie Lim, the...

92% take-up status for M Vertica’s first 3 Towers

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...

The Publisheth Sanctuary, Chia Chor Seong

The Master Tactician A seasoned publisher, Chia Chor Seong has mastered the art of meticulous planning. Knowing the industry in and out, he converts issues...
Mah Sing's cash prize presentation ceremony

Mah Sing’s Promise – ‘Reinvent Spaces. Enhance Life’

Mah Sing Group Berhad has just hosted the “Lock & Win Final Countdown” Campaign where 50 lucky draw winners won up to RM50,000 cash...
- Advertisment -spot_img
spot_img