News: Mah Sing’s M Vertica First Three Towers Attains 92% Take-Up Rate, Remaining Choice Units In Tower D Up For Grabs!

Jan 20, 2021

Mah Sing Group Berhad is off to a great start for the year 2021, celebrating its first topping up ceremony of the year for M Vertica’s Tower A in Cheras recently, signifying the completion of the structure of Tower A.

M Vertica has achieved 92% take-up for the first three towers with homebuyers will still have the opportunity to own the remaining choice units in Tower D currently.

Mah Sing’s Chief Executive Officer, Datuk Ho Hon Sang, senior management team of Mah Sing, as well as consultants and main contractors who are involved in the development of the project were present at the ceremony.

Check out our honest review on M Vertica here! 

Mah Sing’s Founder & Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum said, “M Vertica has been one of our highlight projects since the initial launch of both Tower A and B back in 2018. We are pleased to kick start 2021 with the topping up ceremony of Tower A, which our home buyers of Phase 1 can expect to move in very soon in early 2023.

Homebuyers who are still interested in M Vertica could be in luck as there are some choice units in Tower D available for selection right now, and of course, the upcoming launch of Tower E is also expected to be happening in Q2 2021.”

“We hope interested homebuyers would grab this opportunity as they would be eligible to enjoy the benefits from our latest HOME With Mah Sing Campaign, coupled with the property friendly incentives given by the government and the low-interest environment due to the record low Overnight Policy Rate.” Tan Sri Dato’ Sri Leong Hoy Kum added.

M Vertica which has a Gross Development Value of approximately RM2.2 billion, comprises 5 towers and will stand at 54 storeys (Tower A, C and E) and 53 storeys (Tower B and D) high respectively upon completion of all towers. In conjunction with the topping up ceremony, Mah Sing also announced that M Vertica Phase 1 has successfully recorded over 1.8 million safe man hours without Lost Time Injury.

Mah Sing’s Chief Executive Officer, Datuk Ho Hon Sang said, “We are glad to celebrate these 1.8 million safe man-hours whilst remain on-track to meet the delivery schedule for our home buyers, notwithstanding construction works were halted during the Movement Control Order last year. This reflects our dedication to ensure that M Vertica will be delivered on time by working closely with our contractors but also safeguard the welfare of our workforce on site as well.”

Construction progress of M Vertica’s Phase 1 which comprise of Tower A and B is currently at around 65%, while construction progress of Phase 2 which consist of Tower C, D and E has approximately reached 45%. M Vertica’s Phase 1 is expected to deliver vacant possession in Q1 2023.

“Moving forward, we are optimistic with our ongoing projects including M Vertica as we have seen promising take-up rates in line with the local economic recovery. We believe we are able to cater for different market needs through the right product mix as our projects are located in strategic locations across the cities. We are confident that these will bode well with all the various initiatives introduced by the government especially to stimulate the property industry.” Datuk Ho Hon Sang added.

In addition to M Vertica’s Tower A topping up, Mah Sing is also expected to celebrate another topping up for M Centura within the first quarter of the year. 

 

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Joanne Yong
Team Leader
CEILOZ REALTY SDN BHD
joanneyhs@hotmail.com
(+60) 16-4646916