M City Jalan Ampang's first phase achieves 98% sales

KUALA LUMPUR: The first phase of Mah Sing Group Bhd's M City Jalan Ampang — comprising 180 semi-furnished units of designer SoHo suites — has seen 176 of its units, or 98%, taken up during its three-day launch starting May 27.

"Prospective buyers started queuing up outside our sales gallery since 5am, and the atmosphere was charged up as the gallery was packed with buyers," said group managing director Tan Sri Leong Hoy Kum in a statement on Wednesday, June 1.

The units were priced at RM800 psf on average, and featured single-storey types with build-ups from 781 sq ft to 1,066 sq ft and duplex units with built-ups from 910 sq ft to 1,330 sq ft.

Following the good response to the first phase, Mah Sing will be opening the next phase of M City, comprising 221 units of designer SoHo suites, for sale.

The development will also comprise residential suites, sky villas and retail outlets.

Designed to be Green Building Index (GBI) compliant, it will feature a garden city concept where over four acres of greenery partly in the form of thematic hanging gardens will come up at levels seven, 11, 17, 23, 29 and 35 of the development's high-rise homes.

With a gross development value (GDV) of RM1.4 billion, M City Jalan Ampang will be built on 4.7 acres of freehold land.

It is close to Ampang Point, Kuala Lumpur Convention Centre, Great Eastern Mall, Gleneagles Intan Medical Centre and the upcoming M Suites Jalan Ampang residences which is also being developed by Mah Sing.

"The strong take up adds to our confidence and we shall soon roll out two more projects namely Icon City Petaling Jaya and Icon Residence Mont'Kiara to meet this pent up demand for manageably-sized units in good locations," said Leong.

First up is Icon City Petaling Jaya, a RM2 billion mixed-development which will be built on a 19.6-acre tract of leasehold land at the Sungai Way Free Trade Zone at the junction of the Federal Highway and the Damansara-Puchong Highway.

The first phase of the project, 30 Jewels, saw 19 of its 30 units of shop offices sold. Currently, phase two which comprises two and three-storey retail lots, small office versatile offices (SoVo) and residential units, is open for registration.

The SoVos will have a built-up of 650 sq ft and 990 sq ft and will be priced from RM750 psf, with an expected preview date somewhere at end-June or early July. Other elements of Icon City include a hotel, corporate office towers and a retail mall.

Next, Mah Sing unveil the sales gallery and show units of its Icon Residence Mont'Kiara luxury highrise (GDV RM298 million). It will comprise 260 units of serviced suites in three low-density towers that are 26, 28 and 36 storeys each.

The units are partly furnished, have built-ups from 875 sq ft to 2,967 sq ft and are indicatively priced from RM1,200 psf.