Mah Sing acquires 5.24-acre Old Klang Road land for transit-oriented M Aurora
By Priya Devan / theedgemalaysia.com
07 Nov 2024, 12:34 pm

KUALA LUMPUR (Nov 7): Mah Sing Group Bhd (KL:MAHSING) has acquired a 5.24-acre (2.12-hectare) freehold parcel in Old Klang Road here for approximately RM113 million from Team Keris Bhd to develop a new transit-oriented development (TOD) named M Aurora.

The sale and purchase agreement was inked on Thursday, and the project is expected to be open for registration in the first quarter of 2025.

A statement on Thursday said M Aurora will have an estimated gross development value of RM660 million and offer two-, three- and four-bedroom layouts, with indicative built-up sizes of 702, 852 and 1,005 sq ft respectively. Selling prices start from RM468,800. The project will also offer retail lots, including drive-thru units. Further details are forthcoming.

The TOD project is located within close proximity to the Jalan Templer KTM Station (about 330m away) and the Petaling KTM Station (450m).

Commenting on the acquisition, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said, “The new land acquisition along Old Klang Road, near Jalan Gasing, taps into the potential of a well-established and matured neighbourhood. The prime location connects both Petaling Jaya and KL city centre.”

The statement added that M Aurora will be equipped with several sustainable features, including low-consumption lifts, LED lighting in common areas, rooftop solar panels, and automated waste collection systems.

The unveiling of M Aurora follows the success of the M Oscar condominium launched in 2019, within the vicinity of Old Klang Road. M Oscar has been fully sold, and was handed over in April this year.

The latest acquisition marks Mah Sing’s fourth land purchase in 2024. The developer is on track to achieve its full-year sales target set at RM2.5 billion, supported by its sales performance of RM1.66 billion in the first eight months, which it said was largely attributed to the M Series residential developments.

“Our robust financial position, with low net gearing of 0.1 times, enables us to confidently pursue growth opportunities across varied project types. Whether niche, fast-turnaround projects or large townships, we are ready to seize opportunities in the current market,” Leong said.

Edited ByRacheal Lee Mei Nyee

Quoted from:
https://theedgemalaysia.com/node/733054

beside petalz?

https://www.facebook.com/share/18CdsoKLSw/

Mah Sing dont know the definition of TOD is it.
dont blur the line.

KTM station is never considered a TOD lol

TOD ktm station?

I thought the circle line MRT

The land finally sold. Been seeing the advertisement for a long time.

This post has been edited by Matchy: Nov 7 2024, 04:53 PM

Wrong usage of TOD

This post has been edited by Captain89: Nov 7 2024, 04:57 PM

Good location

who says?

Have you heard of developer/subsale marketing their project near KTM as TOD?

Then that would make Batu Caves, Klang and Rawang projects all TOD.

KTM is not covered in My50, unreliable services and is not connected directly to any LRT/MRT interchange.

This post has been edited by victorian: Nov 7 2024, 08:36 PM

according to dev seriously? they dont decide urban planning.
TOD is more than just next a rail station let alone sub type of rail system.

https://mytownnet.planmalaysia.gov.my/wp-co...Development.pdf

Although TOD is quite grey area, but according to government website KTM is consider as TOD.


However another criteria is need within 0 - 1.5km from the station and high intensive mixed development (commercial, shop etc) within walking distance to the station.

6.6m project means around 1000units of houses. Good luck everyone stay nearby or those who need to pass by this part of Old Klang Road every day.

This post has been edited by skcJVN: Nov 7 2024, 10:57 PM

As if the old klang road is not jam enough. Plus there is another project opposite by Radium.

there already jam dy, another high density project...gg

Rare case of Masin having FH higrise in KV (Segor/N9 border not counted)

last time ecoworld also marketed their EcoSky project near to KTM as selling point... who bought now suffering...

Why suffering? From the noise?

on paper...losing more than 20% ... and retails also dying...rental return cannot cover installment