KUALA LUMPUR, Dec 8 (Bernama) -- Mah Sing Group Bhd will develop M Azura, a transit-oriented development on 1.62 hectares of land in Setapak, Kuala Lumpur with a gross development value of RM508 million.
The property developer, via its wholly-owned subsidiary Jastamax Sdn Bhd, has proposed to acquire the land from Tekun Juara Sdn Bhd for RM74.3 million to develop the residential development that will be priced from RM396,800.
“We have established and solidified our brand presence in Setapak through the positive reception and success of M Astra and M Adora. Our recent project M Astra was fully sold within a year, reflecting buyers’ appetite and trust in the Mah Sing brand.
“This upcoming development, M Azura, marks our third venture in this area. Capitalising on the spill-over demand from both our previous developments, we believe that M Azura will be warmly welcomed by first-time homebuyers and those looking to upgrade in the neighbouring areas,” Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said in a statement.
Located near the proposed Mass Rapid Transit 3 (MRT3) Rejang Station, LRT Sri Rampai and LRT Wangsa Maju, M Azura is the group’s third development in Setapak after M Astra and M Adora, both of which are fully sold out.
-- BERNAMA
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