(From left) Mah Sing Group Bhd deputy group chief executive officer and executive director Lionel Leong, group CEO and executive director Datuk Voon Tin Yow, Team Keris Bhd group executive chairman Datuk Lee Seng Hee and deputy chairman Datin Irene Lee at the sale and purchase agreement signing ceremony for the acquisition of the 5.24-acre parcel for M Aurora on Thursday.

KUALA LUMPUR (Nov 7): Mah Sing Group Bhd (KL:MAHSING) has acquired a 5.24-acre (2.12-hectare) freehold parcel in Old Klang Road here for approximately RM113 million from Team Keris Bhd to develop a new transit-oriented development (TOD) named M Aurora.

The sale and purchase agreement was inked on Thursday, and the project is expected to be open for registration in the first quarter of 2025.

A statement on Thursday said M Aurora will have an estimated gross development value of RM660 million and offer two-, three- and four-bedroom layouts, with indicative built-up sizes of 702, 852 and 1,005 sq ft respectively. Selling prices start from RM468,800. The project will also offer retail lots, including drive-thru units. Further details are forthcoming.

The TOD project is located within close proximity to the Jalan Templer KTM Station (about 330m away) and the Petaling KTM Station (450m).

Commenting on the acquisition, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said, “The new land acquisition along Old Klang Road, near Jalan Gasing, taps into the potential of a well-established and matured neighbourhood. The prime location connects both Petaling Jaya and KL city centre.”

The statement added that M Aurora will be equipped with several sustainable features, including low-consumption lifts, LED lighting in common areas, rooftop solar panels, and automated waste collection systems.

The unveiling of M Aurora follows the success of the M Oscar condominium launched in 2019, within the vicinity of Old Klang Road. M Oscar has been fully sold, and was handed over in April this year.

The latest acquisition marks Mah Sing’s fourth land purchase in 2024. The developer is on track to achieve its full-year sales target set at RM2.5 billion, supported by its sales performance of RM1.66 billion in the first eight months, which it said was largely attributed to the M Series residential developments.

“Our robust financial position, with low net gearing of 0.1 times, enables us to confidently pursue growth opportunities across varied project types. Whether niche, fast-turnaround projects or large townships, we are ready to seize opportunities in the current market,” Leong said.