Source:
https://www.theedgemarkets.com/article/mah-...xed-development
https://www.nst.com.my/business/2021/05/687...apak-kl-rm89mil
https://www.malaymail.com/news/money/2021/0...r-rm89m/1971603
https://www.nst.com.my/property/2021/05/687...lopment-setapak





Summary:
- Location at Sri Utama International School, Jalan Usahawan 5 (nearby SkyAwani 4 & 5, MH Platinum 2, PV20, J Satine)
- Mixed development (serviced suites and some retail lots including drive thru F&B)
- 2 blocks
- GDV 618M
- Indicative built up: 850 sf to 1030 sf
- Priced from 399k
- Leasehold
- Open for registeration Q3 2021

Good location. Quite close proximity with Jakel/PV project.

Pricing seems benchmarked comparable with existing condos.

Total units are not indicated though....

Pv the smartest of all of them developers.

Mh platinum 2 almost sold out while other developments only start launching.

Mh platinum 2 - Edgewood - j satine(estimated) - m astra(estimated)

Though satine and mhp2 both under pv's jv with jakel and mh.

This post has been edited by lollipopkan: May 5 2021, 11:17 AM

waa... near skyawani 4 & 5 ah.... how's the density and demand like for the area?

Is crazy. Can't imagine what will happen to the traffic at Jalan Genting Klang.
Now during peak hour also very bad jem. Future sure even worse.

I think jalan genting kelang will stay as busy as usual but the right turning road in front of pv128, jalan usahawan will be super congested in the future.

Setapak becoming the next concrete jungle

pls stop building high rise in setapak .....

Mrt3 is coming albeit further down the road. Hopefully can take some traffic away from Jalan Pahang.

Seriously... They better really build a mrt3 Station near to sky sanctuary

seems like mahsing on a roll lately.
pricing is tuned more align with market expectations unlike previous.

399k for 850sf is definitely more appealing

With soooo many project in this area, dont you think supply is way more than demand ?

I think non bumi price is around 420k or 430k for m astra which makes edgewood extremely appealing at the moment.

For rental, yes.

For ownstay, I think the demand is still strong.

There are no other places in KL that are as cheap as Setapak and at the same time as good as.

Got a lot of demand for ownstay still, since it's near KL CBD and very cheap while having lots of commercial development (groceries/malls, F&B, health facilities) and good access to public transport (bus + LRT).

But rental can jiak sai dy 🤣 especially competing with subdivided units that rent out per room. Too many new developments that's nearer to KL CBD too, have to compete with those.

This post has been edited by DragonReine: May 5 2021, 06:40 PM

Not a fans of MS project

Went by the area and saw this. Is this M Astra?? or a different project in the area?

On the same road as MH Platinum 2?

No, MH Platinum 2 is in Jalan Usahawan 6. This is in Jalan Usahawan 5.

Look like the location next to Sri Utama International School

This post has been edited by 1nf1n1ty: Oct 4 2021, 11:41 AM

I think this plot of land is for M Astra, by Mah Sing. They've just acquired the land on Jalan Usahawan 5, I read it somewhere on edgemarket. Mixed development. The lot I think previously was own by Sri Utama International.

It's not. I just checked Mah Sing website and it includes M Astra exact location in the 360 panoramic view. It is directly at the Sri Utama School. So this 56 storey project is a different project. No wonder DBKL mayor is asking the public opinion on the project. Two high rise buildings sit directly next to each other in a congested area and if u go further into Jalan Usahawan 5, it only has 2 lanes.

My bad. It isn’t M Astra. Wow quite a number of new properties within the vicinity. Buyers are spoiled with choices. Density however fuhhh. 😂

the road going there without those new condos already jam like hell

Haha exactly! Good for the business around the area, but density will be super high.

Yes.. in the area alone there’re JSatine (3.6k units), MH Residence 2 (1,254 units), Residensi Merdu (556) & M Astra (1443), total up to 6,865 units

They don't haven't release the layout?

Any agent for this project?

i think showroom is ready, anyone went to the showroom ?

Showroom is at the shoplot beside Wangsa Walk, I think is the previous M Adora showroom. But I haven't been there yet.

Today, we celebrated the launch of Mah Sing's latest project - M Astra sales gallery🥳
Officiated by Federal Territories Deputy Minister Datuk Seri Jalaluddin Alias, the official launch of M Astra sales gallery was attended by Mah Sing founder and group managing director Tan Sri Leong Hoy Kum, and the senior management team.
M Astra, which means "star" 🌟 in Latin, will be a serviced suite with:
• 3-4 bedroom units
• indicative built up from 850 sqft to 1,044 sqft
• price starting from RM399,000

I saw some construction beside the M Astra..any one know what is the new construction for?

Is this project sold out?

Haven’t started yet.
Anyone interested to check out layout or showroom can let me know

Can i know the exact location? When is the launching?

They have starting the process of demolish.
Can pm me if interested as well.

Anyone made a booking yet for tower b? just wanna know whether the MRT3 Setapak location is exactly where it claimed to be?

Where is the MRT3 setapak station?
There seems to be no information about where is the exact location of the station though.
If you have, could you please share.

Speculated as above

This post has been edited by Smarters: Jul 3 2022, 11:02 PM

thank you! i do hope will be as speculated above! Astra would a good investment at least..

Currently sold out for Tower B, Tower A opening time might be coming soon

wowww, it seems great , tower B fully converted ?

Can't check on my side whether they have signed S&P or not
But as of I know, the whole sales chart is red color

how to sign s&p? has it officially approve to launch?

they are available to pre-sign S&P

It is good for own stay?

No good or bad, mostly depends on your need
Everyone has different opinion
small family/starters may see this as a good property with pretty much okay location for them
investors might see differently as of the high rental demand of the students for TARC
if you like to stay in a place that is very convenient and easy accessible to most places, might be suitable for you
if you like a queit place and dont like noise, this is not the place

Agree, i would say depend on what u want. Price is consider affordable in KL area but Setapak is very busy now. Most probably weekend also peak. some of my friend decided to stay far away from kl because they can have a relax life in weekend(no jam & peak).

Thanks for the reply mate.

I got your point.

just my bad that i didnt ask more specify on the question.

I searching for second home nearby my wife office, she works at Jalan Tun Razak.
my budget are not more than 1800 including maintenance fees as that my current rental home in KL area.

got my first house at Kota Warisan already. but it seems to far for her to commute.

tried to apply Rumawip but that house only offers 1 car park. for me 2 car park is a must for me and my wife car. dont want berebut with others people also.

does my budget and needs suite with this project?
does developer have a good track on DLP time?

Installment wise, you may do your own calculation based on house price... maybe you estimate to get 850sf one at 450k or lesser.. after few searching in this area.. i would say Astra is consider most affordable at the moment with price per square foot is lesser than rm500. Developer wise i dont have any experience with Mah Sing.

In term of commute depend on which part of Jalan Tun Razak your wife works at. From this area, i would go out everyday by 6:50am to ensure it will take me less than 15 mins to reach KLCC area. It can take you 1hr for same journey during peak hours.

Just to add the parking is tandem for most units of 850sf with exception of some higher floor units

for mahsing quite okay, for recent key handover is MVertica, the famous Chera HongKong that everyone's talking about lol
RM1.8k with maintenance, not quite there
current interest rate for mortgage loan would be around 3.5%, maintenance fee RM0.30 PSF
adding all up would be around RM1980+- with insurance

Already contacting Agent and set visit to the showrooms.

Thanks for the info.

will decide later if this project suits us or not.

Park

Just coming back from Showroom.

Place booking for last 850sft balcony unit on tower B.

Sales person say Tower A not yet open and price might be higher? True or just marketing strategies?

Hope fully OPR didn’t raise higher than 3.50 🥹🥹

This post has been edited by ibnwara: Sep 16 2022, 06:11 PM

gratz
btw bank interest for mortgage loan currently is alrd at 3.5% what did the agent told you about the interest rate
and just a kind information, if wanna proceed loan, make sure it's before the October Malaysia budget, might raise 50pts

She calculate using 3.5% profit rate. if OPR increase to record high 3.5 points, and if i got profit rate of 3.5% the loan should rise up to 4.5% of the profit rate by then. still manageable i guess. hopefully the loan approved first

This post has been edited by ibnwara: Sep 19 2022, 10:38 AM

The land has been cleared.

Still haven't get the APDL yet from start booking in May ?

Project Notice Board

My agent say they just got the APDL at the end of last Nov.

SPA sign ceramony should be within this month.

For the property that claimed 95% sold by developer with only 4 pages discussion is quite unusual.

Pricing for Tower A has been open.

Facebook Group for Owners also has been created.

M Astra Owner Communiy Group

Can get opinion if this prop is good for investment or renting?

Kindly research the amount of ongoing and upcoming supplies in Setapak.

Can help me on where to start? Newbie here.

List of ongoing/New nearby condo/apartment project.

(around 500 meters)
J Satine (Rumawip)
MH Plantinum 2 (rumawip)
Skyawani 3
Edgewood residence

(1KM)
afew PV project under (Rumawip) 2 or 3 aparment.

So that means it is not a good move to invest in M Astra project due to too many projects there?

I`m no expert in investment. but, for me, there will be more competition nearby in the future.

But, M Astra also have advantage by offering 2 car part, near to the main road, got shop lot at the building and if happens, near to MRT3 station.

the mrt 3 is real ?

This condo near to giant?

TARUC super super jam later

Same to Kepong area especially Kepong Metropolitan area worse

as far as I`m concerned, it is real. Real deal or Real Sh*t not so sure.

Jalan Sentul Pasar too

Lmao, i no saw any site board about mrt station. I think its just a real sht

MRT 3 is on planning.
MRT WebPage

Last March got news not finalize.
but since then no other news about it.

any update about the mrt 3 ?

Next year Q1 can get key?