• Pavither
  • 14 September 2021

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 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.

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. 

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: 1,412 

Year of Completion: 2025

Built-up Area: 850 sq ft – 1,030 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 1,030 sq ft. Units will be affordably priced with an indicative starting price from RM399,000.

M Astra will comprise serviced suites and some retail lots

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 will comprise serviced suites and some retail lots

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

·       850 sq ft

·       3 bedrooms

·       2 bathrooms

Type B

·       1,000 sq ft

·       4 bedrooms

·       2 bathrooms

Type C

·       1,000 sq ft

·       4 bedrooms

·       2 bathrooms

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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.

M Astra is located in Setapak, between the KL city centre and the Titiwangsa range.

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. I

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
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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.

M Astra will comprise serviced suites and some retail lots

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

 

2025

850 sq ft – 1,030 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

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Summary

M Astra will comprise serviced suites and some retail lots

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.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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Legal Disclaimer: The information contained in this website is subject to change and cannot form part of an offer or contract. All renderings are artist’s impression only. All measurements are approximate. While every reasonable care has been taken in preparing this website, the developer & PropertyGuru International cannot be held responsible for any inaccuracy. All the items are subject to variations, modifications and substitutions as may be required by the Authorities or recommended by the Architect or Engineer.

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