KUALA LUMPUR: Mah Sing Group Bhd
said it is planning a RM300mil gross development value (GDV) residential development in Setapak, KL, named M Mira as a continuation of its M-Series of projects.
In a stock exchange filing, the property developer said its wholly-owned subsidiary Maxim Heights Sdn Bhd had signed a RM44.5mil purchase deal to acquire 2.79 acres of leasehold land in Setapak from The Rampai Development Sdn Bhd for the project.
"Following the success of M Adora, M Astra, M Azura, and StarParc Point, this marks the group’s fifth development in the well-established neighbourhood of Wangsa Maju and Setapak.
"These developments will benefit from the upcoming confirmed MRT 3 stations of Rejang and Setapak, and existing LRT stations of Sri Rampai and Wangsa Maju," said the group.
Mah Sing added that the proposed development plans have yet to be approved by the relevant authorities, and hence has not derived the total development costs and expected profits from the proposed development.
The proposed land acquisition is expected to be completed in the first quarter of 2026.
