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- For total purchase consideration of RM44.5 mil, land has GDV of RM300 mil.
KUALA LUMPUR (Nov 21): Mah Sing Group Bhd has acquired a 2.79-acre plot in Sri Rampai, Setapak for RM44,500,000.
The company plans to build its M Mira development on the land, after the success of M Adora, M Astra, M Azura and StarParc Point, stated the group in a media release.
This acquisition marks the Mah Sing’s fifth land deal in 2025, following M Aria in Sentul, the landmark acquisition of the Corus Hotel site in the heart of Kuala Lumpur City Centre, M Legasi 2 in Semenyih and M Cora in Penang.
The total estimated gross development value (GDV) of all five lands is approximately RM4.1 billion.
As for M Mira, its estimated GDV is RM300 million, and based on preliminary plans and subject to approval from relevant authorities, M Mira will offer flexible layouts, including 3-bedroom and 4-bedroom configurations, with an indicative price from RM499,000.
M Mira will be surrounded by four rail stations—Sri Rampai LRT, Wangsa Maju LRT and two upcoming MRT 3 stations, Rejang and Setapak—offering residents excellent connectivity within Kuala Lumpur and beyond.
“This land acquisition in Sri Rampai is a strategic move for Mah Sing as we continue to strengthen our presence in mature and high-demand areas. Our successful projects in Setapak and Wangsa Maju are a strong testament to the appeal of our well-planned developments. M Mira fits perfectly with our strategy of acquiring land in prime locations with strong connectivity and ready infrastructure,” said Mah Sing founder and group managing director, Tan Sri Sri Leong Hoy Kum. (pictured)
“M Mira will be designed to meet the lifestyle aspirations of today’s urban homebuyers by combining affordability with modern comfort and convenience. The planned range of practical layouts will suit different household needs, complemented by lifestyle facilities that promote community living,” said Mah Sing chief operating officer, Chris Chen.
M Mira will be highly accessible via major highways and trunk roads such as Jalan Genting Kelang , Setiawangsa-Pantai Expressway (SPE) (2.5km), Duta-Ulu Klang Expressway (DUKE), MRR2 and Jalan Tun Razak.
Retail amenities are conveniently located within 5km of M Mira are Giant Hypermarket Setapak, NSK Wangsa Maju, Setapak Central, Aeon Mall Wangsa Maju, Wangsa Walk Mall, and Dataran Wangsa Melawati. Columbia Asia Hospital is just 3.2km away and schools within the vicinity include SK Taman Seri Rampai, SMK Taman Seri Rampai, SMK Zon R1 Wangsa Maju, and SK Seri Bonus.
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