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Property News

Mah Sing tops out M Oscar in Sri Petaling with 98% take-up

KUALA LUMPUR (July 11): Mah Sing Group Bhd topped out M Oscar, a condominium project in Sri Petaling, Kuala Lumpur, on Monday (July 10).
With a gross development value of RM542 million, M Oscar is a two-tower condominium comprising 910 units and was launched in the fourth quarter of 2019 (4Q2019). The project is currently 76% completed and slated for completion in 4Q2023. It has achieved a take-up rate of 98% to date.
“Our affordable M Series has been receiving good take-up rates due to the good locations with excellent connectivity, practical layouts and facilities,” said Mah Sing group chief executive officer Datuk Ho Hon Sang in a press statement on Monday.
According to the statement, remaining units at M Oscar are of the Type D layout, featuring four rooms and three bathrooms, with a built-up of 1,198 sq ft. Each of the Type D units come with three to four car parks.
According to Mah Sing chief operating officer Chris Chen, M Oscar is designed based on a north-south orientation to minimise direct sunlight exposure. “As a result, it reduces heat gain and lowers energy consumption required for air conditioning.” He added that the development is situated at 100m above the sea level, and its residents can enjoy unobstructed views of the surroundings.
M Oscar has a designated 2.7-acre (1.09-hectare) facility podium, which comprises multiple zones including The Star Light Walk, The Fun Zone, The Energy Zone and The Chill Area. 
The development is located near Old Klang Road, Bukit Jalil and Salak South, and is connected via the New Pantai Expressway, SILK Highway, Shah Alam Expressway (Kesas), Kuala Lumpur-Seremban Expressway, Maju Expressway (MEX) and Smart Tunnel. The Taman Naga Emas MRT Station is also nearby.
Amenities in the surrounding include public schools and higher learning institutions such as SJK (C) La Salle, SMK Sri Sentosa, SK Seri Setia, SKJ (C) Yoke Nam, the Social Institute of Malaysia, International Medical University and Asia Pacific University of Technology and Innovation, as well as retail centres and malls such as NSK Trade City, Mid Valley Megamall, Nu Sentral, Sunway Velocity and Pavilion Bukit Jalil.
In terms of Mah Sing’s other ongoing and upcoming projects, Ho is confident that they will be well received by homebuyers, and said that it is because investing is still an effective hedge against inflation and demand for affordably priced properties remains high. “We will maintain our product leadership position in affordable homes by developing projects in strategic locations with attractive price points and well-designed features to meet the needs of various market segments,” he added.  

Source: EdgeProp.my

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