M Oscar Residence

M Oscar, a freehold serviced residence developed by Mah Sing Group Berhad, is strategically located in Kuchai Lama, near Sri Petaling and Happy Garden.

The project comprises two towers of 38 and 39 storeys, housing a total of 910 units with built-ups ranging from 708 sq ft to 1,198 sq ft.

Sub-Sale Market Analysis

1. Transaction Price:

• Launch Price: Starting from RM428,000[1][2].
• Current Selling Price: RM410,000 – RM850,000, with a price per square foot (psf) ranging from RM577 to RM775[2].
• Average Cost: Approximately RM504,846 per unit[2].

2. Rental Price:

• Rental Range: RM2,000 – RM2,600 per month, with a rental yield of approximately 4.95%[2][3].
• Rental Price per Square Foot: RM2.35 psf to RM2.91 psf[3].

3. Market Analysis:

• Take-Up Rate: 98% as of July 2023, indicating strong demand for the project[4].
• Completion Status: 76% completed as of July 2023, with expected completion in 4Q2023[4].
• Comparative Analysis: M Oscar offers a competitive price per square foot compared to other developments in the area, such as 8th & Stellar, The Centrina, Waltz Residences, Far East Residence, and GenKL, which have higher prices per square foot. However, Nidoz Residences and The Hermington have lower prices per square foot but are leasehold projects with fewer layout options[1][2].

4. Key Points:

• Strategic Location: Close to Kuala Lumpur city centre, with direct access to the Smart Tunnel and other major highways[1][2].
• Facilities: 2.7-acre facilities deck with an Olympic-sized swimming pool, jacuzzi, wading pool, jogging track, yoga room, ping pong room, and gymnasium[1][2].
• Unit Types: 2 Bedroom, 3 Bedroom, 4 Bedroom, and Dual-Key units catering to various buyer needs[1][2].

Overall, M Oscar presents a compelling option for homebuyers and investors looking for affordable, well-located properties with comprehensive facilities.

The strong take-up rate and competitive pricing make it a notable choice in the Kuchai Lama area.

Sources:

• [1] properly.com.my
• [2] www.propsocial.my
• [3] www.propertyguru.com.my
• [4] www.edgeprop.my
• [5] www.edgeprop.my