Jalaluddin (sixth from right), Leong (seventh from right)), Ho (fifth from right) and Mah Sing’s senior management team pose for a group photo after the launch.
KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) continues to focus on the affordable homes segment with the official launch of its latest sales gallery as a prequel to the unveiling of M Astra.
M Astra is the first project from Mah Sing’s 2021 land acquisition trail. Sitting on five acres, the mixed development comprises two blocks of serviced suites, offering three-bedroom and four-bedroom units, with indicative built-ups of 850 sq ft to 1,044 sq ft and an indicative starting price of RM399,000.
This mixed development will also feature retail lots with plans to accommodate drive-thru food and beverages (F&B) outlets.
Officiating the launch was Deputy Federal Territories Minister Datuk Seri Jalaluddin Alias. He was accompanied by Mah Sing founder and group managing director Tan Sri Leong Hoy Kum, group chief executive officer Datuk Ho Hon Sang, executive directors Datuk Steven Ng and Datuk Seri Leong Yuet Mei, property subsidiaries chief executive officer Yeoh Chee Beng, group strategy and operations directors Lionel Leong and Rachel Leong and chief design officer Kevin Lew.
“The Ministry of Federal Territories is working closely with the private sector that is committed to building residences in strategic locations with the provision of complete public facilities. We urge property developers to build a more affordable range in the right locations where supply is not meeting demand,” said Jalaluddin.
Leong said the group foresees that the overall economy’s recovery will accelerate, including the property market. “We observed an upward trend in our property sales, mainly from the group’s M-Series of affordably priced high rises in the central business district and landed properties located in strategic locations with good catchment areas.
“We are cautiously optimistic about the property market outlook and remain bullish on our M-Series, hence continuously eyeing more lands in Greater Kuala Lumpur, Klang Valley, Johor and Penang. In addition, we are also looking at other property hotspots in Seremban, Melaka and Perak to develop affordable landed homes,” he said.
Ho added: “The launch of the M Astra sales gallery marks another milestone for the group as this is the first official unveiling of the new lands that we acquired this year. M Astra is also our second mixed development in this area, following M Adora, which is located in Wangsa Melawati.
“M Adora has recorded a positive take-up rate of 90% for its two towers, indicating the market’s strong interest in the location. Hence, we are confident that M Astra will also be well-received.
“M Astra is strategically located within the vicinity of the matured neighbourhood in Setapak and is expected to leverage on a huge target catchment. M Astra caters to first-time homebuyers, upgraders, and young families who prefer the city lifestyle with ready amenities. M Astra has received nearly 5,800 registrations in just five months since we launched registration in July 2021. We expect the current trend to continue until our launch later this year.”
The latest undertaking by Mah Sing is surrounded by ready amenities such as primary and secondary schools, educational institutions, public transport, shopping malls, and hospitals.
M Astra is 600m from Jalan Genting Kelang and has excellent connectivity via Middle Ring Road 2, Duta-Ulu Klang Expressway, Jalan Tun Razak, and the Setiawangsa Pantai Expressway, which is currently under construction. The project is approximately 2km away from Wangsa Maju and Sri Rampai LRT stations. More information is available at M Astra’s official portal at www.m-astra.com.my.
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