M OSCAR, off Kuchai Lama

Mah Sing Group Bhd officially launched M Oscar with the grand opening of its sales gallery in October 2019, in tandem with its 25th anniversary. At the event, Mah Sing CEO Datuk Ho Hon Sang said, “We are committed to roll-out affordably priced products of good quality as 81% of our full-year target sales for 2019 is from residential properties below RM700,000.”

Ho also said the company’s Home Ownership Campaign (HOC) was well-received from buyers since its launch in March 2019. “Buyers get to save a couple of thousands from their budget depending on the property that they wish to acquire. We have achieved a sales value of RM800 million, so we are very positive of achieving our target this year,” he shared.

M Oscar is the first project from Mah Sing’s 2019 land acquisition trail. The group has sold over 41,000 units and will continue to roll-out products that fit the market’s current needs and demand.

The name, M Oscar, portrays the aspirations of Mah Sing’s intended audience. According to the developer’s director of group strategy and operations, Lionel Leong, the working population and urban dwellers work hard, and the developer wants to make them feel rewarded and recognised. Oscar represents the Academy Awards and the project will follow the values behind it – the celebration of excellence. He adds that the word “Osca” in Latin means “a notch or mark above”.

M Oscar’s sales gallery is located at the lower ground of Seri Gembira Avenue, 1.25km from the actual project site. The serviced apartment’s sales gallery features 2 fully furnished show units, with 2 and 3 bedrooms respectively.

Designed as an understated luxury, M Oscar integrates 3 key features into its design and ambiance – Canyons, Stars and Water. These concepts will be incorporated in the grand entrance, star-lit podium, and meandering stream at the podium deck.

M Oscar’s tagline is “A Jewel Amongst the Stars”, where homeowners are invited to be part of the celebration of life. Residents will get to relax, energise and bond with friends and family at the 2.7 acre podium deck that comprises 12 different facility zones. Early-bird buyers will enjoy incentives when they secure a unit.

Project Details: 

Address: Off Kuchai Lama, KL

Property Type: Serviced Residence

Land Title: Commercial

Number of blocks: 2

Total Units: 910

Parking Bay Per Unit: 2 to 4

Tenure: Freehold

Sales Gallery: LG1-3, Seri Gembira Avenue, No 6 Jalan Senang Ria, Taman Gembira 58200, Kuala Lumpur

Year of Completion: 2023

Built-up Area: 708 sq ft – 1,198 sq ft

Facilities:

• Swimming pool
• Gym
• Children’s playground
• Multi-purpose hall
• Barbeque pavilion
• Yoga room
• Ping pong room
• Jogging track
• Herb garden
• Centralised garbage disposal system

Launch Price: From RM428,000

Launch Price Per Sq Ft: Average of RM650 psf

Maintenance Fee: TBC – an estimated fee of RM0.35 psf

 

Project Details

M Oscar is a niche development on 4.63-acre of freehold land off Kuchai Lama. The project is accessible via Jalan 2/149, which is also connected to the Kuchai Lama interchange of Maju Expressway (MEX).

With a gross development value (GDV) of RM500 million, M Oscar will comprise two blocks of serviced apartments. There will be a total of 910 units with built-ups ranging from 708 sq ft – 1,198 sq ft (dual-key). Interested parties get to choose from three types of layout – 2-bedroom, 3-bedroom, and 4-bedroom. Price starts from RM428,000, or an average of RM650 psf.

All units will have a North-South orientation. The North tower will face Kuala Lumpur city centre, while the South tower will face Sri Petaling. All units will have unobstructed views of the surrounding areas as the development is built 100m above sea level. Residents will enjoy elevated living at M Oscar, and the luxury of a double-volume grand drop-off area that has canyon-inspired lined. Lights will also be placed around the podium so that when residents look down at night, it will be like looking at a star-lit sky. The developer will also be constructing a road, where residents will be welcomed by an ovation of lights.

The two blocks will be separated by a 2.7-acre family-oriented facilities deck that encompasses multiple zones, such as The Star Light Walk, The Fun Zone, The Energy Zone, The Chill Area, and more. Multiple water levels will create a cascading effect, and the source will be the swimming pool while the destination will be meandering streams.

The developer plans to provide a total of 2,177 parking bays, and each unit will be allocated between 2 and 4 car park lots. The number of visitors’ parking lots would be more than 10% of the units, exceeding the government’s minimum requirement.

Unit Types	Built-Up	Launch Price
Type A	·       708 sq ft ·       2 bedrooms ·       2 bathrooms ·       Balcony	From RM428,000
Type B	·       895 sq ft ·       3 bedrooms ·       2 bathrooms ·       Balcony
Type C	·       1,096 sq ft ·       4 bedrooms ·       2 bathrooms ·       Balcony
Type D	·       1,198 sq ft ·       4 bedrooms ·       3 bathrooms ·       Dual-key ·       Balcony

Check out all the other project reviews by Mah Sing

 

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Location

M Oscar straddles well-established neighbourhoods of Old Klang Road (Kuchai Lama and Happy Garden), Sri Petaling, Bukit Jalil, and Salak South. and is within a 10km radius to KL City Centre, Cheras, Ampang, Petaling Jaya, and Seri Kembangan.

M Oscar can be accessed via major highways, including Maju Expressway (MEX), New Pantai Expressway (NPE), Shah Alam Expressway (KESAS), Kajang Dispersal Link Expressway (SILK), Federal Highway, and KL-Seremban Expressway.

Additionally, M Oscar is 800m away from the upcoming Taman Naga Emas MRT station, which is on track to be completed by July 2021 and fully operational by 2022. An exclusive shuttle bus service will take residents to and from the MRT station, which is about 4 minutes’ drive. Mah Sing will also be building direct access from the existing road to the new development to enhance its accessibility.

M Oscar is close to 4 public schools – SJKC La Salle, SMK Sri Sentosa, SK Seri Setia and SJKC Yoke Nam, and various institutions of higher learning including Social Institute of Malaysia and International Medical University (IMU).

Accessibility

• Maju Expressway (MEX)
• Jalan Kuchai Lama
• New Pantai Expressway (NPE)
• Shah Alam Expressway (KESAS)
• Kajang Dispersal Link Expressway (SILK)
• Federal Highway
• KL-Seremban Expressway
• Taman Naga Emas MRT – shuttle service provided
• Kuchai Lama MRT 

Education

• SJKC La Salle
• SMK Sri Sentosa
• SK Seri Setia
• SJK (C) Yoke Nam
• Social Institute of Malaysia
• International Medical University (IMU)

Medical Care

• Taman Desa Medical Centre

Shopping

• OUG Plaza
• Pearl Point Shopping Mall
• NSK Trade City
• The Store Sri Petaling
• Mid Valley Megamall
• Suria KLCC
• Pearl Point Shopping Mall
• Sunway Velocity Mall
• MyTOWN Shopping Centre

Recreation

• Sports Arena Sentosa
• The Scott Garden
• Bukit Gasing
• Amcorp Mall
• Taman Jaya Park
• Bukit Jalil Recreational Park
• Bukit Jalil National Stadium
• Axiata Arena

 

Analysis

After doing a series of analysis, Mah Sing discovered that there is a demand for bigger units. Hence, the bigger units in M Oscar would be ideal for buyers who are currently living in older homes and want better security and facilities to cater for their young families and children. The target market for M Oscar would be owner-occupiers and young families.

The two-bedroom units at M Oscar would be suitable for singles or young couples, whereas small families could choose the three-bedroom units. For bigger families, a four-bedroom unit might be suitable, and investors might like the dual-key units.

There will not be any commercial component as the whole idea of the project is to give residents a haven in which they can rest and have a sense of belonging. That said, M Oscar comes with a commercial title. Thus, utilities and assessment would fall under commercial rates. Do check with the developer on the possibility of converting the electricity to residential rates.

Another point to consider is the shuttle service to the Taman Naga Emas MRT station which is 800m away (about a 15- to 20-min walk, which is quite a considerable duration). There is no indication on how long the developer will manage this, or whether residents would need to manage and pay for this service in the long run.

Here’s a quick look at residential properties in the Kuchai Lama / Old Klang Road area.

Project	Land Tenure	Unit Type	Completion	Built-up	Approximate Launch Price
M Oscar by Mah Sing Group	Freehold	Serviced Residence	2023	709 sq ft – 1,198 sq ft	From RM428,000
Waltz Residences by WCT Holdings Berhad	Freehold	Condominium	2020	948 sq ft – 1,691 sq ft	From RM814,000
Residensi Far East by Far East Kuchai Development Sdn Bhd	Leasehold	Serviced Residence	2021	657 sq ft – 1,107 sq ft	From RM459,000
The Hermington by Aset Kayamas	Leasehold	Condominium	2020	From 1,075 sq ft	From RM450,000
The Riyang by Suntrack Development Sdn Bhd	Freehold	Condominium	2020	1,477 sq ft – 2,798 sq ft	From RM813,000
GenKL by Asiana Agresif Sdn Bhd	Freehold	Condominium	2019	1,150 sq ft – 1,894 sq ft	From RM900,000

 

 

Summary

M Oscar is highly sought-after as it is close to mature neighbourhoods, just 9km from Mid Valley Megamall and 13km from the KL city centre, affordably priced, has a unique concept, and comes with lifestyle facilities.

About 200 units from Phase 1 of M Oscar were fully sold out over its launch on 5th and 6th October 2019. Following the success of phase 1, the developer will be launching another 200 units with an early bird rebate of 2%. Additionally, M Oscar is part of the Home Ownership Campaign (HOC 2019).

If you are interested in a 708 sq ft unit that is priced at RM428,000 (before any discount), the monthly repayment would be approximately RM1,906. This is based on a 30-year 90% LTV loan of RM385,200 and an interest rate of 4.3%

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