Mah Sing acquires land in Kepong for RM94.9mil

Initial artist impression of M Luna in Kepong

  Mah Sing Group Berhad has acquired 5.47 acres of prime land near Taman Metropolitan in Kepong for about RM94.8 million.
  According to Mah Sing, the land is ready for immediate development as it comes with approved development order.
  Mah Sing intends to develop new “luxury you can afford” project – M Luna with a gross development value (GDV) of RM705 million.
  The plan is to develop two blocks of serviced apartments, and the affordable units would have an indicative built up from 700 square feet and indicative starting price from RM385,000.

  Registration of interest will commence in the fourth quarter of 2019, to ride on the extended timeline for the national Homeownership Campaign (HOC).
  Mah Sing is bullish on this new development as the land is just 200 meters from the 235 acre Kepong Metropolitan Park which also includes a 140 acre lake, and is right next to MRR2.
  Additionally, there are plans for an upcoming proposed infrastructure improvement within the surrounding vicinity, which includes the construction of a road and two interchanges connecting Jalan Kepong to MRR2.
  The land is also located only 3.3km to the upcoming Metro Prima MRT2 Station, which is targeted to start operations in 2021, and 4km from the Taman Wahyu KTM station.