Mah Sing's D'sara Sentral hosts property investment, MRT talk

Mah Sing Group Berhad recently held a property investment and MRT talk at the newly launched D’sara Sentral Show Gallery in Star Avenue.

At the event, Mahmood Abdul Razak, Director of Strategic Communications and Public Relations for Mass Rapid Transit Corporation (MRT Corp), presented an overview of the MRT Sungai Buloh-Kajang Line, including the development of the MRT and how MRT affect the property industry. He also provided an update on the construction of the upcoming MRT Line 2.

“We are pleased with the progress achieved thus far. Phase one of the MRT Sungai Buloh-Kajang Line from Sungai Buloh to Semantan is targeted for operation by end of 2016, while phase two from Semantan to Kajang will become operational by 2017. As we move our focus towards the Systems portion of construction, we will ensure that the good progress continues,” said Mahmood Abdul Razak.

The first Klang Valley MRT line to be approved for implementation, the 51km MRT Sungai Buloh-Kajang Line runs from Sungai Buloh through the city centre of Kuala Lumpur, and ends in Kajang. The line will feature 31 stations of which seven will be underground.

President of Malaysian Institute of Estate Agents (MIEA), Siva Shanker discussed the property investing techniques and the importance of investing in properties near urban public transportation system. He also shared his insight on how GST will affect the property market.

“Better connectivity will definitely result in property appreciation at least by 15% especially in the vicinity of MRT stations. This has been proven in countries like Singapore, Hong Kong and Taiwan,” said Siva.

“Say for example, the MRT Sungai Buloh-Kajang Line upon completion will allow trains to serve a corridor with an estimated population of 1.2 million people; this is believed to spur new property developments such as D’sara Sentral, Rubber Research Institute development as well as KL International Financial District in which the developments are along the MRT route.”

Situated within the vibrant hub of Sungai Buloh, the RM938 million D’sara Sentral comprises one block of SOVO (Smart Office Versatile Office), four blocks of serviced residences and lifestyle retail shops.

Notably, D’sara Sentral Serviced Residences comprises of four blocks, with the first two blocks offering 494 units with built-up starting from 809 sq ft and priced from RM538,000.

The first tower is more than 80 percent sold, while the second tower is 60 percent sold within three weeks since its official launch in end-March. Mah Sing will open the last two blocks, which features 444 units with built-up from 752 sq ft and priced from RM600,000, for registration of interest.

To date, the project has witnessed strong take-up rate of around 80 percent for the lifestyle retail shops, while 70 percent of the 322 SOVO units have been sold. With built-up starting from 752 sq ft, the SOVO units were priced from RM600,000.

To know more about Mah Sing’s D’Sara Sentral, visit www.dsara-sentral.com.my or call +6016-306 6000/ 603 9221 6888. For further information on Mah Sing Group Berhad, visit www.mahsing.com.my

Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source from propertyguru.com.my)

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