Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
Mah Sing Group Berhad acquired prime land from Teratai Constructors Sdn Bhd for RM89 million in the first half of 2021. This land will be home to M Astra, a mixed development project with a gross development value (GDV) of about RM618mil. The GDV is based on preliminary plans for M Astra and is subject to authorities’ approval.
M Astra is Mah Sing’s second land deal in 2021, and their first pocket land acquisition since it acquired M Oscar, M Luna, and M Adora in 2019. These projects were subsequently launched within 7 to 12 months. This land acquisition of M Astra will increase their prime landbanks to 2,081 acres.
The developer said that the land acquisition of M Astra is timely as they foresee that the recovery of the property market is gaining momentum. M Astra is expected to address the demand for affordable homes in sought-after locations in the Klang Valley.
Address: 5, Jalan Usahawan, Setapak Jaya, Setapak, 53300 Kuala Lumpur
Developer: Mah Sing Group Berhad
Property Type: Mixed development (Retail lots & Serviced Residence)
Land Area: 5 acres
Land Title: Commercial
Tenure: Leasehold
No. of Blocks: 2
Total Units: 1,450 (1,426 residential units + 24 retail units)
Year of Completion: June 2027
Built-up Area: 850 sq ft – 1,044 sq ft
Facilities:
- BBQ area
- Clubhouse
- Gated & guarded
- Sky lounge
- Gymnasium
- Jacuzzi
- Parking
- Children’s playground
- Electrical sub-station
- Lounge
- Pool deck
- Swimming pool
- Wading pool
- 24-hour security
Launch Price: From RM399,000
Launch Price Per Sq Ft: From RM460 per sq ft
Project Details
M Astra will comprise serviced suites and some retail lots. There will be 2 blocks of serviced suites, with 3-bedroom and 4-bedroom units, with an indicative built-up ranging from 850 sq ft to 1,044 sq ft. Units will be affordably priced with an indicative starting price from RM399,000.
Several of its key features are:
- Sustainable green features
- Optimised open view for all units
- Contactless technology – Motion detection, face recognition, seamless mobile access system
- Retail with drive-thru
- Co-working space, which is fitting for the new normal of working from home
- Multi-tier security
- Delivery parcel lockers
- Automated waste collection system
- EV charging stations
- Lush landscape
- Ample lifestyle facilities
M Astra features facilities to cater to today’s new normal, where more of us are likely to work from home, drive hybrid or electric vehicles, be more digitally connected, and shop online. Thus, the urban community at M Astra will be able to take contemporary living to the next level.
| Unit Types | Built-Up |
| Type A |
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| Type A1 |
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| Type B |
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| Type B1 |
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| Type C |
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| Type C1 |
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Location
M Astra is located in Setapak, between the KL city centre and the Titiwangsa range. Thus, it is in a mature area that’s surrounded by a plethora of facilities including medical centres, schools, higher learning institutions, malls, hypermarkets and more.
It has 3 frontages, facing Jalan Usahawan 5, Jalan Kilang, and Jalan Usahawan 6. The development is also just 600m off Jalan Genting Kelang, which is a major trunk road in Kuala Lumpur.
The address is also highly accessible, as it is served by several highways such as Middle Ring Road 2 (MRR2), Duta-Ulu Kelang Expressway (DUKE), and Setiawangsa Pantai Expressway (SPE) among others. This puts M Astra about 15 minutes’ drive from the KL city centre, Bukit Bintang, and Tun Razak Exchange.
For public transport, residents would be about 2.1km away from the Wangsa Maju LRT station, and 2.2km away from the Sri Rampai LRT station. M Astra is also about 3km from Mah Sing’s other development, M Adora, which is located in Wangsa Melawati.
Accessibility
- Jalan Usahawan 5
- Jalan Usahawan 6
- Jalan Kilang
- Jalan Genting Kelang
- -Ulu Kelang Expressway (DUKE)
- Middle Ring Road 2 (MRR2)
- Ampang-Kuala Lumpur Elevated Highway (AKLEH)
- Setiawangsa Pantai Expressway (SPE)
- Jalan Tun Razak
- LRT Kelana Jaya Line (Wangsa Maju station)
- LRT Kelana Jaya Line (Sri Rampai station)
Education
- SJK (C) Wangsa Maju
- SMK Taman Seri Rampai
- SK Taman Permata
- SK / SMK Seksyen 2 Wangsa Maju
- Fairview International School
- Universiti Teknologi Malaysia
- Tunku Abdul Rahman University College (TARUC)
- Sri Utama International School
- SJK (C) Mun Yee
- SMK Danau Kota
- SMJK Chong Hwa
- SRJK (C) Chong Hwa
- SK Danau Kota
- SK Setapak
- SMK Gombak Setia
- SK Taman Melati
- Malaysia Institute of Art
Medical Care
- Columbia Asia Hospital
- Hospital Angkatan Tentera Tuanku Mizan
- Gleneagles Hospital
- Prince Court Medical Centre
- Damai Service Hospital
- Hospital Pusrawi
- Institut Jantung Negara (IJN)
- Hospital Kuala Lumpur
- KPJ Tawakkal Specialist Hospital
- Rampai Puteri Medical Centre
Shopping
- Giant Hypermarket Setapak
- Rampai Business Park
- PV 128
- NSK Wangsa Maju
- Setapak Central Mall
- Platinum Walk
- The Palette
- AEON Alpha Angle
- Wangsa Walk Mall
- AEON Big Wangsa Maju
- Giant Ulu Kelang
- Melawati Mall
- AEON Mall AU2
- Suria KLCC
Recreation
- Royal Selangor Visitor Centre
- KSL Futsal Sport Centre
- National Art Gallery
- Istana Budaya
- Royal Selangor Golf Club
- Titiwangsa Golf Course
- Zoo Negara
- Bukit Tabur
- KLCC park
Analysis
M Astra is expected to leverage on a large catchment area as it is within the vicinity of matured neighbourhoods such as Danau Kota, Desa Setapak, Setapak Jaya, Wangsa Maju, Taman Melati, Titiwangsa, and Setiawangsa.
The developer believes that first-time home buyers and upgraders from surrounding areas who want to stay near the KL city centre will find M Astra attractive and convenient. Their aim is to deliver affordably-priced projects to purchasers.
If M Astra is to follow M Adora’s footsteps, then it will be another successful project for the developer. M Adora received a positive take-up rate of 73 per cent for its two towers in less than 10 months from its launch. This indicates a strong interest in the location, and the developer’s project as well.
Some pointed out the already heavy traffic along Jalan Genting Kelang, as there are currently many high-rise developments in the area.
Here’s a look at residential properties within or close to Setapak.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
M Astra by Mah Sing Group Bhd |
Leasehold |
Serviced Residence
|
2027 |
850 sq ft – 1,044 sq ft |
From RM399,000 |
|
M Adora by Mah Sing Group Bhd |
Leasehold |
Condominium |
2023 |
850 sq ft – 1,200 sq ft |
From RM468,000 |
|
MH Platinum 2 ResidencesMH Platinum 2 Residences by MH Platinum Sdn Bhd |
Leasehold |
Service Apartment |
N/A |
663 sq ft – 857 sq ft |
From RM318,500 |
|
Platinum Lake Condominium PV20 by Platinum Victory Development Sdn Bhd |
Leasehold |
Condominium |
2014 |
1,333 sq ft – 1,600 sq ft |
From RM350,000 |
|
100 Residency by Kerjaya Prospek Group Berhad |
Freehold |
Condominium
|
2016 |
1,447 sq ft – 1,825 sq ft |
From RM770,000 |
|
Ascenda Residences by SkyWorld Development Sdn Bhd |
Leasehold |
Condominium
|
2017 |
903 sq ft – 1,239 sq ft |
From RM568,750 |
|
Bennington Residences by Bennington Development Sdn Bhd |
Leasehold |
Condominium
|
2019 |
1,092 – 1,570 sq ft
|
From RM589,680
|
|
PV18 Residence by Platinum Victory Development Sdn Bhd |
Leasehold |
Condominium
|
2021
|
1,021 sq ft – 1,219 sq ft |
From RM473,000 |
|
PV9 Residences @ Taman Melati by Platinum Victory Development Sdn Bhd |
Leasehold |
Service Residence |
2022
|
850 sq ft – 1,300 sq ft |
From RM530,000 |
|
Quinn Residence by MCL Land (Quinn) Sdn Bhd |
Leasehold |
Apartment Suite |
2023 |
538 sq ft – 1,070 sq ft |
RM491,800 |
|
SkyAwani 4 Residence by SkyWorld Development Sdn Bhd |
Leasehold |
Condominium
|
2023
|
800 sq ft |
From RM300,000 |
|
Kenwingston Platz by Kenwingston Sdn Bhd |
Freehold |
Serviced Apartment |
2023 |
650 sq ft – 1,010 sq ft |
From RM350,000 |
|
Vista Danau Kota by Platinum Victory Development Sdn Bhd |
Leasehold |
Residensi Wilayah |
Jan 2025 |
810 sq ft |
RM300,000 |
|
EdgeWood Residences by SkyWorld Development Sdn Bhd |
Leasehold |
Condominium |
2025 |
865 sq ft – 1,280 sq ft |
From RM447,000 / RM495 per sq ft |
Summary
Mah Sing is a familiar name in the property industry, and they have garnered multiple awards over the years. At the PropertyGuru Asia Property Awards (Malaysia) 2020, Mah Sing bagged these awards:
- Winner: Best Lifestyle Developer
- Winner: Best Mass Market Condo / Apartment Development (Central) – M Oscar
- Winner: Special Recognition for ESG (Environmental, Social, Governance)
- Winner: Special Recognition for CSR (Corporate Social Responsibility)
- Winner: Special Recognition in Sustainable Construction
- Winner: Special Recognition in Sustainable Design
- Winner: Special Recognition for Building Communities
Mah Sing has certainly made steady progress in increasing its presence in Klang Valley through acquisitions of strategic lands for affordable high-rise residential projects such as M Vertica in Cheras, M Adora in Wangsa Melawati, M Centura and M Arisa in Sentul, M Luna in Kepong, and M Oscar off Kuchai Lama.
If you’re interested in a unit at M Astra, it is priced at RM400,000, and here is the estimated loan figures – based on the PropertyGuru Home Loan Calculator and PropertyGuru Home Loan Eligibility and Affordability Calculator.
- LTV / margin of finance: 90%
- Down payment (10%): RM40,000
- Loan amount: RM360,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM1,426
- Approximate required gross annual income: RM56,500*
Can you afford the loan for this property?
You can find out by calculating your Debt Service Ratio (DSR), which is a method that banks in Malaysia use to calculate whether you can afford the loan you’re applying for. Just use the FREE PropertyGuru Loan Pre-Approval online service to find your DSR! It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
* Assumptions: No other monthly debt obligations, and 30% of gross income is spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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