News link: https://www.thestar.com.my/business/busines...-sing-in-kepong




KUALA LUMPUR: Mah Sing Group Bhd will be developing a 4.88-acre residential development in Kepong, Kuala Lumpur, with a total estimated gross development value (GDV) of RM500mil.

It will be the group’s fourth project in Kepong, as well as its fourth land acquisition for 2023, contributing to a total combined estimated GDV of RM5bil to date.

“The addition of the new acquisition expands Mah Sing’s prime land bank to 2,423 acres, with a total remaining GDV and unbilled sales of RM27.36bil, ensuring consistent and visible earnings for the group,” Mah Sing said in a statement yesterday.

Last month, it announced that it had acquired 500 acres of freehold land in Semenyih from S P Setia Bhd for RM392mil.

The same month, the group revealed that it had acquired a 75.7-acre freehold plot of land in Pulai, Johor for RM76.1mil.

The Pulai and Semenyih land parcels marked Mah Sing’s second and third land deals in 2023, respectively, following the purchase of two parcels of land in Puchong, Selangor, for RM85.9mil, in January.

The new development, named M Zenya, will build on the success of Lakeville Residence, M Luna and the soon-to-be-launched M Nova in Kepong, said the company.

“Mah Sing believes that M Zenya will enhance its position in this area and capitalise on the increased interest generated by current projects.

“In keeping with Mah Sing’s business model of a quick turnaround, the land comes with the benefit of development order with an approved plot ratio of 1:6.”

Mah Sing said the land title is converted with premium paid and earthworks partly completed, which will expedite the development process.

“Based on preliminary plans and subject to authorities’ approval, M Zenya will be a mixed development with commercial or retail lots and two, three and four bedroom residential units, with indicative built-up ranging from 718 sq ft to 1,067 sq ft.

“The units will be affordably priced, with an indicative starting price from RM420,000. M Zenya is targeted for registration of interest in the second half of 2023.”

The group said M Zenya will be developed under an unincorporated joint venture agreement with the landowner, Liberty Triangle Sdn Bhd, where Mah Sing’s wholly-owned subsidiary Star Residence Sdn Bhd shall be paying a total JV consideration of RM85.3mil.

“This comprises landowners’ entitlement of RM70mil and fixed guaranteed return of RM15.3mil.

“Payment for the JV consideration is deferred and staggered, where part of the JV consideration is payable 18 months from the date of the JV agreement, with the balance upon completion and after vacant possession of development units.”

Mah Sing will be granted sole development rights and have full control of the management and operations of the project.

Located beside the 250-acre Kepong Metropolitan Park and close to the 140-acre Kepong Metropolitan Lake, M Zenya is next to retail project Keponggi Square and within a 1km radius from Mah Sing’s M Luna.

The project is also within a 3km radius from M Nova and 5km from Lakeville Residence.

Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said M Zenya will be able to tap into the catalytic effects of Keponggi Square.

“Given M Zenya’s proximity to upcoming retail convenience, we will primarily be offering services apartments with a variety of amenities to appeal to residents, as well as certain commercial and retail lots to supplement residential needs.

“Encouraged by the success of M series products, the group will continue to actively scout for good land to develop affordable homes.”

Leong added that greater emphasis on the group’s affordable M Series developments had ensured the strong and stable performance of the company.

“We will prioritise land that can generate returns with turnaround efficiency, with key focus on affordable apartments in city centres and landed link homes in suburban areas for the M-series, as well as good industrial lands,” he said.

This post has been edited by AskarPerang: Sep 22 2025, 01:40 PM

The area around the park is so crazily densely populated with condos, and they're still planning more

Traffic is going to be crazy, though there is MRT somewhat nearby but not exactly walking distance for some of the condos.

I saw KepongQi website, they planned to build one condo + one affordable housing in that land. Now they sell the land + approval to Mah Sing. But the news didn't mention any affordable housing.

Now many cars jam here, the main gate of Mizumi, and construction of KepongQi block 1 lane.
And recently Residensi Metro Kepong VP already ( the rumah wip of Mizumi), illegal parking is kuat.

Land clearing works in progress...I saw some lorries keep coming in and out...



This post has been edited by dyrus: Oct 4 2023, 09:59 PM

But the project not up for "pre-launch" kan? I think is still busy with their M Nova for the moment.

i think could launch as soon as next month ba.....they just done land clearing

photo taken by last day

I do think M series here could sell well, giving that the location itself is quite convenient. But meant for locals from Jinjang la. Maybe youngsters who wanted to move out from parent's house and have a couple or small family life.

Sell slowly within 1-2 years it should be no problem ba.....m nova I don't know how are sales going lah but I heard that tower A 90% take up rate....offcours kepong area is not as "hot area" incomparable with like Bukit Jalil, subang area once launch new projects were snapped up less than a year.

But this area considered mature already all within walking disctane food, grocery, public transport and one for the famous park in KL if compare with surrounding project like kiara Bay that one really overpriced beyond what most kaptong locals can afford.... this more reasonable

But density for this area really a ngithmare but there are good and bad

Density is good ma, people like crowds. I don't think can compare with Bukit Jalil all those la. Kepong itself likely is a self crowd sustain area whey the new buyer is familiar with the current neighborhood while they still opt to stay at the same location. M Nova idk what's the sales like oh. I'm not a fan of MS, never put their products in my survey list

I fully agree that the area density is already too high. Deterioration in quality of life will accelerate there. once our government removes or reduces the petrol subsidy, everyone is gonna pay more for being stuck in traffic.

Once that commercial shop is done...you won't not able to image how worst for the traffic

The shop almost done, and the smell was terrible.

This project seem so hot... Showroom haven't completed have been booked up to 80 percent 😂

Cos attracted by the smell?

Is this project fully booked? Seems like a good deal compare to UEM sunrise zig. Feel like more for own stay rather than investment