Mah Sing Buys RM186.17 Million Ampang Land for RM1.92 Billion M Araya Serviced Apartments

Key figures

• ●Mah Sing acquired 14.3775 acres in Ampang for RM186.17 million, planning a RM1.92 billion serviced apartment project named M Araya
• ●M Araya units will range from 700 to 1,000 sq ft with indicative prices from RM399,000, the third Mah Sing project in Ampang after M Suites and M City
• ●About 1.983 acres of the site is leasehold; Mah Sing plans to apply to convert it to freehold, subject to authority approval
• ●Registration for M Araya is expected to open in Q1 2027 with a targeted launch in 2027
• ●M Suites and M City, Mah Sing's earlier Ampang projects, are both fully sold

News summary

Mah Sing Group (MAHSING, 8583, main board property) has spent RM186.17 million to acquire 14.3775 acres of land in Ampang, where it plans to build M Araya, a serviced apartment development with a gross development value of RM1.92 billion. The site sits opposite AEON BiG Ampang and is the group's third project in Ampang after M Suites and M City.

The acquisition covers three adjoining parcels totalling 14.3775 acres. Most of the land is freehold, with about 1.983 acres on leasehold tenure. Mah Sing intends to apply to the authorities to convert the leasehold portion to freehold, and the M Araya development plan itself is also subject to regulatory approval.

The group said units will range from 700 to 1,000 sq ft, with indicative prices starting from RM399,000. Registration for M Araya is expected to open in the first quarter of 2027, with a targeted launch in 2027. The project is aimed at young professionals, first-time buyers, growing families and local residents who want to move from older landed homes into modern residences while staying in a familiar neighbourhood.

Founder and group managing director Tan Sri Dato' Seri Leong Hoy Kum said Ampang is one of the Klang Valley's mature residential markets, with convenient transport links, complete facilities and a large population base. He said the acquisition fits the group's strategy of replenishing land banks in established locations with sound infrastructure and steady demand, and noted that M Suites and M City are both fully sold.

Dato' Yang Chi Ming, chief executive officer of the group's property division subsidiary, said beyond young professionals and first-time buyers, Mah Sing sees upgrading demand from long-term Ampang residents who want modern homes while staying close to existing schools and amenities. He said M Araya's location opposite AEON BiG Ampang and its transport access should attract buyers seeking modern urban living in Ampang.

The project will have direct access to Jalan Taman Putra and connections to the Sungai Besi-Ulu Klang Elevated Expressway (SUKE) and Ampang-Kuala Lumpur Elevated Highway (AKLEH) towards the Kuala Lumpur city centre. The first section of the Eastern Klang Valley Expressway (EKVE) linking Sungai Long and Ampang opened in August 2025, and the Ampang LRT station is about 3km away. Nearby amenities include AEON BiG Ampang, Ampang Point shopping centre, Lotus's Ampang, three hospitals and the Royal Selangor Golf Club.