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Investment M ADORA @ WANGSA MELAWATI, Mah Sing Buys New Land

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TSaccetera
post Aug 6 2019, 04:27 PM, updated 5y ago

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https://www.theedgemarkets.com/article/mah-...jGdLp0.facebook

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This post has been edited by accetera: Mar 19 2021, 12:36 AM
mascot_lim
post Aug 6 2019, 04:29 PM

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M Adora, Coming soon. by Mah Sing......

More info coming soon.....
mascot_lim
post Aug 6 2019, 04:29 PM

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KUALA LUMPUR (Aug 6): Mah Sing Group Bhd is acquiring an approximately 1.81ha (4.52-acre) land along Jalan Wangsa Melawati 1 here for RM61.97 million to develop two blocks of condominiums with an estimated gross development value of RM378 million.

In a statement to Bursa Malaysia today, Mah Sing said its wholly-owned subsidiary Maxim Heights Sdn Bhd had today signed the conditional sale and purchase agreement with JL99 Property Sdn Bhd's wholly-owned subsidiary KLFA Properties Sdn Bhd.

Mah Sing said the tract is a leasehold land expiring on Jan 21, 2117.

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"The land is purchased with the benefit of approved development order for residential development, enabling rapid speed to market to meet current market demand in the matured location," Mah Sing said.

"Based on preliminary plans, the new project, to be named M Adora is planned for a fully residential condominium development with amazing city and highland view," the company said.

In a separate statement today, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the proposed land acquisition proves the company's commitment in expanding its landbank for projects at strategic locations in the Klang Valley.

"Coupled with our unique quick turnaround model, we believe M Adora will be able to match the current market demand for affordable housing that comes with ample amenities. This is what we call 'luxury you can afford'.

"Having the vision of inventing sustainable developments, we are always looking at project features and concepts that [enhance] the quality of lives of our home buyers. This project in Mukim Setapak is planned for a fully residential condominium with amazing city and highland view, and yet affordably priced from RM468,000 for a home with indicative built up from 850sq ft. This augurs well for our continuous efforts to provide quality lifestyle for affordable homes," said Leong.






https://www.theedgemarkets.com/article/mah-...jGdLp0.facebook

mascot_lim
post Aug 6 2019, 04:30 PM

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Recently Mah Sing really on shopping spree on landbanks......
lollipopkan
post Aug 6 2019, 04:32 PM

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Parking
lollipopkan
post Aug 6 2019, 04:43 PM

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Starting price 468k 850sf as indicated in the article.

Thats rm550 psf in that area...
AskarPerang
post Aug 6 2019, 04:46 PM

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This empty land here? https://www.google.com/maps/dir/Jalan+Wangs...1984176!3e2

Not walkable to any LRT or Wangsa Walk Mall (1.1km distance)

Kyotoarm
post Aug 6 2019, 05:31 PM

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another mah sing 'project' smile.gif
nexona88
post Aug 6 2019, 06:33 PM

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not so strategic also....

what the selling point hmm.gif
AskarPerang
post Aug 6 2019, 11:51 PM

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Hunakadoo
post Aug 6 2019, 11:55 PM

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QUOTE(nexona88 @ Aug 6 2019, 06:33 PM)
not so strategic also....

what the selling point hmm.gif
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MAH SING


this is the selling point , some 'fans' still will follow
heavensea
post Aug 7 2019, 12:13 AM

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QUOTE(Hunakadoo @ Aug 6 2019, 11:55 PM)
MAH SING
this is the selling point , some 'fans' still will follow
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Ms got lot of fans especially existing buyers, not to mention they won plenty of awards.
AskarPerang
post Aug 7 2019, 12:20 AM

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QUOTE(heavensea @ Aug 7 2019, 12:13 AM)
Ms got lot of fans especially existing buyers, not to mention they won plenty of awards.
*
Able to win award even before project completion.
Example:

M Vertica
Congrats winning "The Skyline" award.
No idea what it means but who cares. During undercon period also can win award.

user posted image


Not sure how the judge giving points base on artist impression works?
nexona88
post Aug 7 2019, 08:07 AM

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QUOTE(Hunakadoo @ Aug 6 2019, 11:55 PM)
MAH SING
this is the selling point , some 'fans' still will follow
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Hehehe...
No wonder.. so date to buy the land 💪
Kyotoarm
post Aug 7 2019, 09:45 AM

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QUOTE(heavensea @ Aug 7 2019, 12:13 AM)
Ms got lot of fans especially existing buyers, not to mention they won plenty of awards.
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Must be mah sing ambassador..I just knew mah sing got lot ot fans.
kochin
post Aug 7 2019, 09:56 AM

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QUOTE(mascot_lim @ Aug 6 2019, 04:29 PM)
KUALA LUMPUR (Aug 6): Mah Sing Group Bhd is acquiring an approximately 1.81ha (4.52-acre) land along Jalan Wangsa Melawati 1 here for RM61.97 million to develop two blocks of condominiums with an estimated gross development value of RM378 million.

In a statement to Bursa Malaysia today, Mah Sing said its wholly-owned subsidiary Maxim Heights Sdn Bhd had today signed the conditional sale and purchase agreement with JL99 Property Sdn Bhd's wholly-owned subsidiary KLFA Properties Sdn Bhd.

Mah Sing said the tract is a leasehold land expiring on Jan 21, 2117.

Advertisement

"The land is purchased with the benefit of approved development order for residential development, enabling rapid speed to market to meet current market demand in the matured location," Mah Sing said.

"Based on preliminary plans, the new project, to be named M Adora is planned for a fully residential condominium development with amazing city and highland view," the company said.

In a separate statement today, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the proposed land acquisition proves the company's commitment in expanding its landbank for projects at strategic locations in the Klang Valley.

"Coupled with our unique quick turnaround model, we believe M Adora will be able to match the current market demand for affordable housing that comes with ample amenities. This is what we call 'luxury you can afford'.

"Having the vision of inventing sustainable developments, we are always looking at project features and concepts that [enhance] the quality of lives of our home buyers. This project in Mukim Setapak is planned for a fully residential condominium with amazing city and highland view, and yet affordably priced from RM468,000 for a home with indicative built up from 850sq ft. This augurs well for our continuous efforts to provide quality lifestyle for affordable homes," said Leong.
https://www.theedgemarkets.com/article/mah-...jGdLp0.facebook
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when land price is 16.4% of the GDV, i really cannot imagine the rest
nexona88
post Aug 7 2019, 11:23 AM

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QUOTE(Kyotoarm @ Aug 7 2019, 09:45 AM)
Must be mah sing ambassador..I just knew mah sing got lot ot fans.
*
Same here..
Didn't expect them to have following / fans 😁
Hunakadoo
post Aug 7 2019, 12:01 PM

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QUOTE(AskarPerang @ Aug 7 2019, 12:20 AM)
Able to win award even before project completion.
Example:

M Vertica
Congrats winning "The Skyline" award.
No idea what it means but who cares. During undercon period also can win award.

user posted image
Not sure how the judge giving points base on artist impression works?
*
Let's see how many ppl fall into M Vertica
heavensea
post Aug 7 2019, 12:07 PM

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Ms watching you guys comments and drafting some special letter to be issue...
jhuitan
post Aug 7 2019, 06:07 PM

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QUOTE(mascot_lim @ Aug 6 2019, 04:29 PM)
KUALA LUMPUR (Aug 6): Mah Sing Group Bhd is acquiring an approximately 1.81ha (4.52-acre) land along Jalan Wangsa Melawati 1 here for RM61.97 million to develop two blocks of condominiums with an estimated gross development value of RM378 million.

In a statement to Bursa Malaysia today, Mah Sing said its wholly-owned subsidiary Maxim Heights Sdn Bhd had today signed the conditional sale and purchase agreement with JL99 Property Sdn Bhd's wholly-owned subsidiary KLFA Properties Sdn Bhd.

Mah Sing said the tract is a leasehold land expiring on Jan 21, 2117.

Advertisement

"The land is purchased with the benefit of approved development order for residential development, enabling rapid speed to market to meet current market demand in the matured location," Mah Sing said.

"Based on preliminary plans, the new project, to be named M Adora is planned for a fully residential condominium development with amazing city and highland view," the company said.

In a separate statement today, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the proposed land acquisition proves the company's commitment in expanding its landbank for projects at strategic locations in the Klang Valley.

"Coupled with our unique quick turnaround model, we believe M Adora will be able to match the current market demand for affordable housing that comes with ample amenities. This is what we call 'luxury you can afford'.

"Having the vision of inventing sustainable developments, we are always looking at project features and concepts that [enhance] the quality of lives of our home buyers. This project in Mukim Setapak is planned for a fully residential condominium with amazing city and highland view, and yet affordably priced from RM468,000 for a home with indicative built up from 850sq ft. This augurs well for our continuous efforts to provide quality lifestyle for affordable homes," said Leong.
https://www.theedgemarkets.com/article/mah-...jGdLp0.facebook
*
3 blocks? Less than 700units? Every level only 8 units?

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