Mah Sing to launch two residential projects next month

Mah Sing Group Bhd aims to launch two more landed properties, namely Carya@M Aruna in Rawang and Acacia Phase 2 @Meridin East in Johor before the end of this year.

It plans to launch Carya, Phase 2 of the group’s M Aruna township in Rawang, following the strong take-up for Phase 1 which has fully sold out, its group managing director Tan Sri Leong Hoy Kum told NST Property.

Carya is two-storey link homes with a built-up area of 1,700 sq ft. The homes offer a practical layout comprising four bedrooms and three bathrooms, priced from RM560,000.

In Johor, Phase 2 of Acacia in the group’s Meridin East township consists of 97 units of two-storey link homes featuring a land size of 22′ x 70′ and built-up from 1,838 sq ft.

Spanning around 525 hectares of freehold land with over 500 acres of greeneries and bonny lakes, Meridin East is Mah Sing’s largest township by acreage with excellent connectivity.

Leong said Acacia Phase 2 is priced from RM498,000, matching the market demand for quality homes with affordable pricing.

He said the homes have a spacious layout that comes with four bedrooms and three bathrooms and is suitable for multi-generational living.

2020 – an unprecedented year!

Leong said 2020 has been an unprecedented year for most businesses and it has been challenging for developers as the construction of all projects was halted during movement control order (MCO).

He said Mah Sing was able to cushion the impact of Covid-19 and manage its operations, attributed to the group’s on-going digitalisation efforts, implementation of cost-savings measures, and supported by the stimulus packages introduced by the government.

Amidst the pandemic, Mah Sing continued to launch new projects such as M Arisa in Sentul, M Luna in Kepong, and M Adora in Wangsa Melawati, with enhanced digitisation efforts to reach out to the interested home buyers.

Leong said the launches of M Luna and M Adora also concluded the official unveiling of all three new lands that the group acquired last year, following M Oscar which was launched at the end of 2019.

“Our rapid speed in planning and marketing the new developments is in line with our quick turnaround model and augers well with our growth strategy,” Leong said.

Projects which have done well

Leong said among all of its on-going projects, M Arisa at Sentul, M Luna at Kepong, and M Adora at Wangsa Melawati have done exceptionally well.

Mah Sing launched M Arisa, the group’s second project in Sentul early this year, following the successful maiden project in that area, M Centura, which garnered an overwhelming response with 98 per cent take-up rate.

M Arisa is a freehold residence located just 5km away from the city centre, 7km from the Malaysia External Trade Development Corporation (MATRADE), and 8km from Mont Kiara.

It is also the first project in Sentul which has a multi-level sky garden, spanning over two acres of vertical green.

Leong said M Arisa has achieved take-up rate of 95 per cent for its Phase 1 and Phase 2 comprising a total of 640 units, driven by its attractive pricing points and quality lifestyle offerings.

He said Phase 3 of M Arisa consisting of 320 units is currently open for sale.

M Luna was launched in June 2020, and it registered over 80 per cent take-up for its Tower A (860 units) and Tower B is garnering positive response from property purchasers.

Located close to the Forest Research Institute Malaysia and next to Kepong Metropolitan Park, M Luna offers homeowners a chance to experience the amazing Bukit Lagong Forest Reserve view.

M Adora, meanwhile, was launched in July 2020 and received a strong response during its weekend launch, where Tower A comprising 378 units recorded 90 per cent take-up.

Tower B of M Adora is now open for sale supported by the strong demand, Leong said.

M Adora will feature 35 exclusive facilities including a cantilevered glass-walled gymnasium equipped with world-class Technogym equipment, an Olympic length horizon pool, and a sky bridge at Level 29 among others.

Mah Sing has achieved property sales of about RM418.6 million as of June 30, 2020, with an additional RM1.6 billion sales bookings on hand.

Leong said the group is focused on converting the RM1.6 billion in sales bookings, clearing the existing stocks, and to catch up with the construction progress of its development projects.

Source: NST