Mah Sing to launch M Nova in 4Q22

• The three-tower M Nova is sited on a 8.09-acre parcel in Kepong.
• The indicative selling price is from RM318,000.

KUALA LUMPUR (July 15): Mah Sing Group Bhd unveiled its M Nova's sales gallery in Taman Wahyu, Kepong on Friday (July 15). The mixed development will be officially launched in the fourth quarter of 2022 (4Q22).

The three-tower M Nova is sited on a 8.09-acre parcel in Kepong with an estimated gross development value of RM790 million. It also marks Mah Sing's third project from its 2021 land acquisition exercise, which follows the group's M Senyum in Salak Tinggi and M Astra in Setapak projects.

The first two towers of M Nova will consist of 1,248 serviced residences with built-up sizes of 700 sq ft (two bedrooms), 850 sq ft (three bedrooms), and 1,000 sq ft (four bedrooms). The indicative selling price is from RM318,000.

While the details of the last tower are still being finalised, Mah Sing's chief executive officer of property subsidiaries Yeoh Chee Beng shared that the tower falls under Phase 2 of the project and will be launched later.

"The second phase is a stand-alone tower, which will be connected via a sky bridge to the facilities floor at Level 8. Tower C should have about 826 units," said Yeoh at a press conference.

In addition, M Nova will also include 11 retail lots, of which one will comprise a drive-through element. The built-ups start from 2,000 sq ft with an indicative selling price of RM1,000 per sq ft.  

"The pandemic has changed the urban lifestyle where people prefer to shop via drive-through. We believe the special unit and other units will be well received once they are open for sales," said Yeoh.

M Nova boasts 34 facilities such as swimming pool, badminton court, co-working space, e-hailing pickup/drop-off point, jogging track and bicycle parking. The development also adopts green features such as EV charging stations, delivery parcel lockers and automated waste collection system.

M Nova is located two kilometres away from the 235-acre Kepong Metropolitan Park with many amenities such as schools, wet markets, grocers and public transportation such as MRT and KTM stations. It has good connectivity with direct access from MRR2, as well as being merely 1.8 kilometres away from Jalan Kuching, and both Jalan Kepong and Duke Highway are about five kilometres away.

"Mah Sing's affordable M Series developments, which cover both landed and high-rise residential properties in KL, see good take-up rates. We are confident that this is what the market is looking for, and as a people-oriented developer, we shall continue to offer similar residential properties to the market," Mah Sing's founder and group managing director Tan Sri Leong Hoy Kum said at the sales gallery opening ceremony on Friday.

Meanwhile, Mah Sing has planned vacant possession of more than 4,000 completed units this year, which will provide a strong cash buffer to support Mah Sing's landbanking activities.