Mah Sing to develop M Azura in Setapak with GDV of RM508mil

KUALA LUMPUR: Mah Sing Group Bhd will be developing M Azura, a new transit-oriented development on four acres of prime land in Setapak, Kuala Lumpur, with an estimated gross development value (GDV) of RM508mil.

The developer, in a statement, said the total land cost is RM74.3mil and the land comes with the benefit of a converted title for “Bangunan” which will expedite the development process.

M Azura is the group’s third development in Setapak after M Astra and M Adora, both of which are fully sold out. M AZURA is expected to benefit from the spillover demand from these projects.

Based on preliminary plans and subject to authorities’ approval, M Azura will be a residential development comprising two blocks of serviced apartments with 2-bedroom, 3-bedroom and 4-bedroom units. The indicative built-up ranges from 700sqft, 850sqft and 1,000sqft and with an indicative starting price of RM396,800.

The target registration of interest for M Azura will be in in the first quarter of 2024.

"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.