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Mah Sing's M Residence phase 1 sees 80% take up

Monday, 19 December 2011 10:00

RAWANG (Dec 16): Mah Sing Group Bhd's new township M Residence@Rawang, Selangor saw a strong 80%-take-up of its first phase units at a preview sale on Friday.

Following the positive response, Phase 2 will be open for preview sales this weekend

Mah Sing chief operating officer James Bryuns said in a statement that the development meets the current demand for quality housing at an accessible entry level. "We believe that phase 2 shall see equally strong interest as we are offering semi-detached layouts in our superlink homes at link home prices."

Situated on 266 acres of freehold land, the new township has a gross development value (GDV) of RM948 million. Phase 1 of M Residence comprises 214 units of 18ft by 70ft link homes with a built-up of 1,650 sq ft. Prices start from RM360,800 and above. Phase 2 of the township comprises 233 units of 22ft by 80ft superlink homes with a built-up of 2,380 sq ft at prices from RM558,800.

Phase 1 units is a standard 3+1 bedroom with a 10.5ft high ceiling and an 8ft yard area, while Phase 2 units have 3-bedrooms and a 10ft yard area. Phase 1 has a GDV of RM77 million, while Phase 2 is RM118 million in GDV. The take up during the preview was a mixture of home buyers and investors.

M Residence is accessible via the LATAR highway and takes 20 minutes to the Rawang Toll from Kuala Lumpur. The area has a large target market catchment from Kuala Lumpur, Petaling Jaya, Shah Alam, Bukit Jelutong, Subang Jaya, USJ, Kepong and Selayang.

The entire development has four phases with completion in three to four years.

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