An artist’s impression of D’Sara Sentral’s SOVO component.
MAH Sing Group Bhd celebrated a double win at the Asia Pacific Property Awards 2015-2016 last month for its projects D’Sara Sentral and The Loft@Southbay City.
The company received awards in the Commercial High-Rise Architecture category for D’Sara Sentral, and in the Leisure Development category for The Loft @ Southbay City.
The company describes The Loft @ Southbay City in Penang as being a “private gateway to an enchanting sea”. Part of the integrated township of Southbay City, the development measures 1.5ha and has a gross development value of RM290mil.
Located on the Penang seafront, it is home to 156 luxurious serviced suites housed in two tower blocks. With only 78 units in each tower, this equates to only three per floor serviced by two private lifts, ensuring each with a panoramic view of the waterfront with breathtaking vistas all around.
The Loft is in Bayan Lepas, one of Penang’s most sought-after vicinities, which is within 1km from the Second Penang Bridge and 7km from the Penang International Airport. George Town and the Penang Bridge are located within a five to 10-minute drive from the development.
A rendering of Mah sing Bhd’s The Loft development in Penang.
The 2.65ha D’sara Sentral project is to be a transit-oriented development. Mah Sing says its goal is to “establish a high-rise centre for residential and commercial purposes that becomes a prominent landmark in an area of low-rise buildings.”
Located in the vibrant hub of Sungai Buloh, the integrated development has a gross development value of RM938mil. D’sara Sentral comprises retail shops; one block of Smart Office Versatile Office (SOVO) and four blocks of serviced residences.
“At Mah Sing’s D’Sara Sentral, we aim to create convenience for our residents. The development is located across the Kampung Baru Sungai Buloh MRT Station, the second station on the Sungai Buloh-Kajang MRT line with a covered walkway linking the development to the MRT station.
“This will bring travelling time to Kuala Lumpur to about 30 minutes,” said Mah Sing executive director and chief executive officer Ng Chai Yong.
Mah Sing’s D’sara Sentral Serviced Residences comprises four blocks, with the first two block offering 494 units with built-up starting from 75.16sq m priced from RM538,000 open for sale.
Mah Sing Group Bhd general manager of marketing and sales Yeoh Chee Beng and chief operating officer (commercial) Andy Chua at the Asia Pacific Property Awards 2015- 2016.
Take-up has been very encouraging with over 80% of its first tower sold. About 60% of its second tower were sold in three weeks after its official launch in March.
Mah Sing will open its final two blocks of serviced residences for registration of interest, featuring 444 units with built-up starting from 69.86sq m priced from RM600,000.
Currently, the project has seen a strong take-up rate of 80% for the retail shops that will complement the serviced residences; while a total of 322 units of SOVO with built-ups starting from 46.82sq m priced from RM388,000 have seen more than 70% sold.
International Property Awards president Stuart Shield said, “Entries for the Asia Pacific region were up yet again this year with 25 different countries competing strongly across each and every category.
“It is immensely gratifying to be presented with such levels of excellence and be in a position to reward and promote winning companies not only regionally but also internationally.”
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