M Sentral

M Sentral is a visionary joint venture development project between Mah Sing and Asie. They plan to redevelop the Pekeliling Flats in Kuala Lumpur into a ‘River Garden City’ themed community. It is a mixed development project, comprising of residential and commercial units. The residential units design would acquire interest for those who look forward to living in a smaller sized, thus, more affordable service residences. There have been strong demands for such lower entry price units in the market as of late.With the ‘River Garden City’ in mind, the design of the property would appeal to the executives, expatriates and medical fraternities who are interested to live in lush greenery amidst a fast paced city. The selling point of the residential area is its close proximity with a network of public transportation services, prime commercial areas, medical facilities and famous tourist attractions. The 4.08 acres area development is a starting development project of the larger 58 acres regeneration project by the developers. Mah Sing have engaged an international architect who can execute the vision of encouraging development growth and enhancing the value of surrounding area.The Managing Director put emphasis on the ‘River Garden City’ theme as they aspire to have the development to later envelop the larger surrounding areas and later comprehensively transform Kuala Lumpur. The project is also deemed to succeed due to its prime location, development concept, product and branding. The redevelopment project is hoped to add a significant value to the land.

Property Details

Name: M Sentral

Address: Flat Pekeliling, Jalan Tun Razak, 50400, Kuala Lumpur

Developer: Mah Sing & Asie

Type: Service Residence & Retail

Tenure: Leasehold

No. of Units: 750

Land Area: 4.08 acres

Built-up: 500 sf

Launch Price: RM700 – RM800 psf

Analysis

The revamping of Pekeliling Flats area is certainly a grand redevelopment project. There have been on-going talks about redeveloping the area for years, but they seemed to be only rumors. This joint venture redevelopment project between Mah Sing and Asie look promising with their clear-cut planning and design.The vision the developers have for this redevelopment project is applauded. The area has potential to be one of the most marketable properties, but not many have step up to clean out the area. Currently, the empty and deserted flats are hindering people from thinking of them as possible investment opportunities. That will change soon if everything goes according to plan.The selling point of this property is hands-down the location. The existing bus depot and two LRT stations are make it possible to reach any places in Kuala Lumpur. The close medical facilities nearby (Tawakal Hospital, General Hospital and National Heart Institution) would also appeal to those who are looking for short term rentals in the area.