Mah Sing Group Acquires Prime Parcel on Old Klang Road for M Aurora Transit-Oriented Development
Mah Sing Group Bhd (KL) has recently acquired a strategic 5.24-acre freehold parcel on Old Klang Road, Kuala Lumpur, from Team Keris Bhd for approximately RM113 million. This acquisition sets the stage for the development of M Aurora, a new transit-oriented development (TOD) expected to attract urban dwellers seeking connectivity and sustainable living options.
Project Overview and Features of M Aurora
M Aurora, slated to open for registration in Q1 2025, represents a significant addition to Mah Sing’s TOD portfolio, with an estimated gross development value (GDV) of RM660 million. Offering two-, three-, and four-bedroom units with built-up sizes of 702, 852, and 1,005 square feet respectively, the units are designed for a broad range of homebuyers. With starting prices at RM468,800, M Aurora will also feature retail lots, including convenient drive-thru units.
The development’s proximity to transit hubs, including the Jalan Templer KTM Station (330m) and the Petaling KTM Station (450m), enhances its appeal, providing residents with easy access to public transport and short commutes to major destinations.
Sustainable and Modern Features
M Aurora is designed with sustainability in mind. It will incorporate features like low-consumption lifts, LED lighting in common areas, rooftop solar panels, and an automated waste collection system. These sustainable elements align with Mah Sing’s commitment to environmentally friendly developments while addressing the demand for cost-efficient living.
Mah Sing’s Founder and Group Managing Director Tan Sri Leong Hoy Kum commented, “The new land acquisition along Old Klang Road, near Jalan Gasing, taps into the potential of a well-established and matured neighborhood. The prime location connects both Petaling Jaya and KL city centre, making it ideal for urbanites.”
Building on Past Success and Achieving Growth Targets
The launch of M Aurora follows the successful completion of Mah Sing’s M Oscar project, also located in the Old Klang Road area. M Oscar, launched in 2019, saw high demand and achieved full sales, with units handed over to buyers in April 2024. The success of M Oscar demonstrates the demand for well-designed, strategically located developments, reinforcing the potential of M Aurora.
The Old Klang Road acquisition marks Mah Sing’s fourth land purchase in 2024, a reflection of the group’s confidence in the market and its financial strength. With a net gearing ratio of only 0.1, Mah Sing is positioned to seize various growth opportunities across both niche developments and large townships. The group has set a full-year sales target of RM2.5 billion, having already achieved RM1.66 billion in the first eight months, largely driven by the M Series developments.
Conclusion
M Aurora by Mah Sing is set to meet the growing demand for transit-oriented developments in Kuala Lumpur, offering residents modern, connected, and sustainable living spaces. Located on Old Klang Road, a matured neighborhood that bridges Petaling Jaya and the KL city centre, M Aurora is positioned to become a coveted address in the city.
