KUALA LUMPUR (Feb 19): Mah Sing Group Bhd plans to develop the M Senyum project on a 100-acre plot in Bandar Baru Salak Tinggi, which will carry an estimated gross development value of RM656 million.
In a filing to local bourse today, the company’s subsidiary Oasis Garden Sdn Bhd has acquired the plot for a total consideration of RM95.83 million.
“The land is located in Sepang, within a high growth corridor south of Greater Kuala Lumpur that has enjoyed rapid growth due to its proximity to Putrajaya, Cyberjaya and two international airports. The Proposed Acquisition is in line with the group’s strategy to strengthen its presence in Greater Kuala Lumpur/Klang Valley,” said the statement.
The company revealed that M Senyum will be a landed residential project comprising mainly double-storey terraced houses with indicative land size of 18ft by 65 ft and 20 ft by 70 ft. Indicative selling price starts from RM399,000.
“Subject to market conditions and approval from relevant authorities, the project is expected to be developed over a span of five years. Registration of interest and launch has been earmarked for the second half of 2021,” said the statement.
Within a range of 10km, the planned site's amenities include an ERL Salak Tinggi Station with a twice-hourly KLIA Transit service to KLIA / KLIA2 and KL Sentral, Bandar Baru Salak Tinggi Stadium, Nilai Medical Center and KIP Mall, Kota Warisan.
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