{
  "id": 3467619,
  "title": "Mah Sing buys RM186m Ampang land for RM1.92b M Araya project",
  "url": "https://urgent.news/2026/08/26/mah-sing-buys-rm186m-ampang-land-for-rm1-92b-m-araya-project",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T08:33:23.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/26/mah-sing-buys-rm186m-ampang-land-for-rm192b-m-araya-project/232739"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Aug 26 — Capitol Avenue Development Sdn Bhd, a wholly-owned subsidiary of Mah Sing Group Bhd, has reached a conditional sale and purchase agreement to purchase land in Ampang for a total of RM186.17 million. The deal involves the acquisition of 9.51 acres from Chin & Tan Holdings Sdn Bhd and 4.86 acres from Destar Nurani (M) Sdn Bhd, according to a filing with Bursa Malaysia. This acquisition aims to strengthen Mah Sing Group's presence in Ampang and enable the development of an urban home project in a well-established community. With a robust balance sheet and ongoing success in its M Series projects, Mah Sing Group remains committed to expanding its residential, commercial, hospitality, and industrial projects portfolio.\n\nAdding to its recent residential development launches across Greater Kuala Lumpur and the Klang Valley, Mah Sing Group announced a new residential project, M Araya. The project, featuring flexible layouts, is anticipated to have a gross development value of RM1.92 billion. M Araya is designed to cater to a diverse range of buyers, including young professionals, first-time homeowners, growing families, and existing homeowners looking to upgrade within an established neighborhood.\n\nIn a separate statement, Tan Sri Leong Hoy Kum, Mah Sing Group's founder and group managing director, affirmed that the acquisition aligns with the group's strategy to replenish its landbank in well-suited locations with ready infrastructure and sustainable demand. He further emphasized that Ampang remains one of the Klang Valley's most established residential markets, bolstered by strong connectivity, comprehensive amenities, and a substantial population. With M Araya, the group aims to introduce modern, well-designed homes that respect the character and strengths of the surrounding neighborhood while addressing the evolving needs of homebuyers. The project, planned as a serviced apartment development, will offer built-up areas ranging from 700 to 1,000 sq ft, with estimated pricing starting at RM399,000.",
  "summary": "KUALA LUMPUR, Aug 26 — Mah Sing Group Bhd’s wholly owned subsidiary Capitol Avenue Development Sdn Bhd has e...",
  "key_points": [
    "Capitol Avenue Development acquires 9.51 acres from Chin & Tan Holdings Sdn Bhd.",
    "Mah Sing Group invests RM186.17 million for Ampang land purchase.",
    "M Araya project valued at RM1.92 billion with flexible layouts."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}