Mah Sing Group Bhd marked its third land purchase for this year with the acquisition of a 4.52 acre prime site in Wangsa Melawati, Mukim Setapak for RM61.97 million. The developer earlier purchased two parcels of land – M Luna (Kepong) and M Oscar (Kuchai Lama).
Preliminary plans showed that the new project, named M Adora, will have a gross development value of about RM378 million. It is expected to be developed in a span of four years, reported The Sun Daily.
It will feature two blocks of affordable residential development, with the most affordable units having an indicative built up from 850 sq ft and indicative price starting at RM468,000.
Tan Sri Leong Hoy Kum, Mah Sing Group Bhd founder and group managing director believes the new development will match the current demand for affordable housing that offers ample amenities.
Image source from The Edge