M Vertica

M Vertica is a project of Mah Sing, and it is under the umbrella of the ‘Reinvent Affordability’ campaign, catered in offering good product specifications in strategic locations at affordable prices close to public transportation infrastructures such as MRT and LRT. M Vertica is a mixed development that prides itself on having one of the largest facilities decks in Kuala Lumpur. It spans around 4.54 acres and has 40 over facilities such as swimming pool, unisex gym and women’s gym, and jogging and cycling track. The wide array of facilities is part of Mah Sing’s goal in enriching the lives of residents, which falls under the group’s tagline of, ‘Reinvent Spaces. Enhance Life.’ The Group intends on developing a dedicated ramp from Jalan Cheras into M Vertica to ease traffic along Jalan Cheras, which is awaiting approval from local authorities.

The project also holds a number of green features such as the Stream Pneumatic Waste Management system and electric vehicle charging stations. M Vertica is also within walking distance to public transportations; thus, this not only reduces carbon footprint but also encourages residents to exercise more. High-speed elevators are also installed (traveling at four meters per second as compared to conventional elevators that travel at three meters per second) to cater to M Vertica’s residential towers.

M Vertica is located in a hotspot in Cheras, close to main public transportation hubs and shopping spots such as Sunway Velocity Mall (800m away) and IKEA Cheras and MY Town (both 2.5 km away). There is also a shaded walkway to the LRT and MRT station, and to Sunway Velocity Mall. Thus, making it comfortable to commute to these locations, under any kind of weather condition. There are also many educational institutions and medical centers located nearby, such as Taylor’s International School KL, SRJK(C) Naam Kheung, Prince Court Medical Center, and Pantai Hospital, Ampang within 5km of the project.

M Vertica Location

M Vertica is inspired by a dynamic lifestyle, embraced within a bustling cosmopolitan community, who seek a generous community space and convenient connectivity. It is located in Kuala Lumpur’s prime location, in between the district’s most distinctive residential towers, just minutes away from the city center.

Its accessibility is rather convenient as it is located 4.5km away from KLCC or KL Tower. Not only that, but the property is also just a walking distance from Maluri MRT and LRT interchange station.

Connectivity

M Vertica is close to several public transportation hubs. It is only 500m away from Maluri MRT and MRT Interchange with a covered walkway, and 700m away from Taman Pertama MRT station. Besides, it is two MRT stations away from International Financial District (Tun Razak Interchange), three MRT stations away from Bukit Bintang and the Golden Triangle area and just two MRT stations away to get to TREC KL. The accessibility to these MRT stations ticks off the list of the living criteria that most Kuala Lumpur working-class people would want to look for, as having easy access to such transportation modes saves their time and distance to get to their designated locations. Covered walkways have also been built for the residents to get to these MRT stations.

Among the major highways that are surrounding M Vertica are the Ampang road that connects to the North and the Kajang road that connects to the South. Cheras is itself, connected by a variety of highways, mainly the Salak South Highway and Federal Highway. M Vertica can also be accessible via Jalan Cheras, Jalan Loke Yew, Jalan Pudu, Sungai Beside Highway, Jalan Tun Razak, and KL-Seremban Highway and Middle Ring Road 2. Moreover, residents at M Vertica would gain direct access to Sungai Besi Highway (Kuala Lumpur, Petaling Jaya, Mid Valley).

Convenience

Educational institutions are in abundance, with their locations being within close proximity to M Vertica. Families looking to reside in M Vertica will have no difficulty in locating for nearby educational institutions to send their children to. These educational institutions are SRJK(C) Naam Kheung, Taylor’s International School Kuala Lumpur, SMK Perempuan Pudu, SK Convent Jalan Peel, and SMK Seri Bintang Selatan.

There are loads of shopping districts for residents to choose from to cater to their leisurely needs as well. Sunway Velocity mall is located 800m away, while AEON Maluri is only 600m away. IKEA Cheras and MY Town Cheras are also found at a nearby distance, which is just one MRT stop away. To dip in for more exquisite and exclusive shopping, residents can also travel to KLCC which is 4.5km away, whilst Bukit Bintang and the Golden Triangle Are are just three MRT stops away. For those who would like to spend the day harboring on a relaxing activity for the mind and body, then residents can do so at the Royal Selangor Gold Club, which is 6.5km away from the property.

Residents are also able to seek medical help should they need with nearby medical centers, at their conveniences such as SMK Seri Bintang Utara Hospitals and Medical Centre which is within 5km, as well as Prince Court Medical Center and Pantai Hospital Ampang.
Below lists the available amenities and facilities surrounding M Vertica:

Education

· SRJK(C) Naam Kheung
· Taylor’s International School Kuala Lumpur
· SMK Perempuan Pudu
· SK Convent Jalan Peel
· SMK Seri Bintang Selatan

Shopping Malls/ Entertainment Outlets

· Sunway Velocity
· AEON Maluri
· Ikea Cheras/MY Town
· KLCC
· Bukit Bintang and Golden Triangle Areas
· Royal Selangor Golf Club

Medical Centers

· SMK Seri Bintang Utara Hospitals & Medical Centre
· Prince Court Medical Center
· Pantai Hospital Ampang

M Vertica Floor Plan

M Vertica is composed of two-unit types, Type A and Type B. Type A has three bedrooms and two bathrooms, with a built-up size of 850 sq ft, while Type B has three bedrooms and two bathrooms, with a built-up size of 1,000 sq ft. M Vertica has a number of 50 storeys with 3,600 units, in all five blocks. There are also two parking bays per unit. The Type A unit is deemed to be the younger generations’ favorite and it also encompasses the concept of a family-sized suite. Type B unit, on the other hand, refers to the corner unit on each floor, and it also encompasses the concept of the family-sized suite. Below lists the types of units available at M Vertica, followed by their respective floor plans:

Summary of Types of Unit:
Type A: 850 sq ft (3 bedrooms, 2 bathrooms)
Type B: 1,000 sq ft (4 bedrooms, 2 bathrooms)

M Vertica Facilities and Amenities

M Vertica is located within distance to the hustle and bustle of Kuala Lumpur City Centre, pioneering the heart of Cheras. It is noted to be one of the highest and affordable condominiums in the city. There are two types of units, one of which is 850 sq ft in built-up size (three bedrooms), while the other is 1,000 sq ft (four bedrooms). There are around 40 different kinds of facilities that come with this property, such as a swimming pool, Jacuzzi, yoga deck, gymnasium, badminton court, maze garden, and gardens. There is also a Sports Avenue with facilities such as a basketball court, futsal court, and tennis court. The total facilities area and the landscape will occupy 4.54 acres of land. The leasehold property is due to be completed in 2023.

Each unit will be provided with two car parks. There is also a 3-tiered security system locked in place, with CCTV coverage and a 24-hour guard patrol scheduled to look after the safety of residents. Different access cards are also implemented for lifts and guardhouse entrance.

Facilities and Amenities:

Ground Floor Facilities- Ground Floor:

• Two Entrances With Pylon Statement
•  Feature Pavement Drop Off
• Sports Avenue:
• Open Lawn With Sat
• Futsal Court
• Tennis Court
• Basketball Court
• Waiting And Rest Platform

Podium Facilities:
Active Zone

• Maze Garden
• Sensual Trail (Reflexology)
• Structure Playground
•  Water Splash Area
•  Pavilion
• Endulation Open Lawn And Plaza
•  BBQ And Picnic
• Herbs And Farming Garden
• Natural Mound Playground
• Outdoor Fitness
• Jogging Track
• Bicycle Track
• Bicycle Rack

Passive Zone

• Yoga Deck
• Health Fitness
• Chess Play
• Tea Garden
• Fragrance Garden
• Sitting Lounge
• Viewing Deck

Aqua Zone

• Wading Pool
• Leisure Pool
• Pool Deck
• Swimming Pool
• Sundeck
• Jacuzzi

Club House

• Gym Room
• Women Room
• Badminton Court
• Multipurpose Court

M Vertica prioritizes the care for environmental sustainability. Because of that, they have optimized several green features in their property. Of such are listed below:

Green features:

•  Stream Pneumatic Waste Management System
• LED lighting for common areas
• Rainwater harvesting for landscape
• Low e-glass for units facing west direction
• Low volatile organic compound paint for internal-only
• Cross natural ventilation in the common corridor
• All bathrooms are designed to be naturally ventilated
• WC comes with 3L/6L dual flush feature
• Electrical vehicle charging stations
• Walking distance to excellent public transportation thus, reducing the carbon footprint

M Vertica Analysis

M Vertica is noted to be one of the highest condominiums in Kuala Lumpur. The developer, Mah Sing Group, will open up one tower first for sales, and this tower will consist of both types of units; Type A and Type B. Type A has a built-up size of 850 sq ft with three bedrooms, whilst Type B has a built-up size of 1,000 sq ft, with four bedrooms. Both of these units will have two bathrooms. The design for the 850 sq ft, is of more rectangular and longer in shape. Type A unit is priced at RM 478,800, whilst Type B is priced at RM 638,800. Thus, this makes the average price per sq ft be at RM 568.

With a study made towards the target market, the developer has noted that most people would seek three-to-four bedroom apartments, be it whether they live alone or with their families. The development of this property continues to prosper with more initiatives added to it such as electrical-vehicle (EV) charging stations, co-working space, and facilities in the clubhouse, mini home theatre, designated drop-off area for ride-sharing services, to name a few. According to Mah Sing chief executive officer Datuk Ho Hon Sang, he said that the EV charging stations are a rare sight to see in most housing developments, yet M Vertica has few of these installed as it is anticipated that there are to be more electrical cars on the road.

Projects that are developed close to LRT and MRT stations are expected to succeed with a higher rental and better capital appreciation. However, for those who are considering moving into M Vertica, they will be able to garner good value and own a property in a well-established neighborhood. Not to mention, connectivity and accessibility is one of the main factors contributing to the success of M Vertica.

Target Market

M Vertica is understood to have two types of unit layouts; Type A and Type B. Type A is priced at RM 478,800 whilst, Type B is priced at RM 638,800. The average price per sq ft is RM 568. This price is considered to be relatively reasonable, taking into consideration that it is ultimately close to Kuala Lumpur City Centre.

According to its developer, Mah Sing Group, this project is targeted at young homeowners and families who are looking to settle into their first homes. The reasonably priced property that is located in such a prime location, makes it striking for buyers to consider purchasing. Both unit types will be suitable for small and medium-sized families. Type A which is sized 850 sq ft and Type B which is sized at 1,000 sq ft, certainly can cater to families of small to medium-sized ones. Both these types of units come with three bedrooms and two bathrooms, and four bedrooms and two bathrooms, respectively.

Competitor Analysis

M Vertica is a high-rise condominium located in the center of Cheras. Cheras on the other hand is located just beside Kuala Lumpur City Centre. Cheras is connected to a variety of highways, such as Salak South Highway and Federal Highway. The hub is regarded to be highly congested due to its high-density population and more affordable housing. Other routes that connect to Cheras are SMART, Besraya, New Pantai Expressway (NPE) and Maju Expressway (MEX).

A number of attractions can be found nearby such as Sunway Velocity Mall and IKEA Cheras. The newly opened IKEA Cheras makes it easier for residents around the area to visit, rather than having to travel all the way to IKEA Damansara. There are also more shopping malls within the vicinity, such as AEON Maluri, MyTown, and the nearby Suria KLCC.

The two types of units in M Vertica are Type A and Type B, where Type A unit is priced at RM 478,800, whilst Type B is priced at RM 638,800. This makes the average price per sq ft to be at RM 568.

Lakeview Residences is a higher-priced service apartment, situated in a much more congested area along Jalan Kuching and Ipoh. Should buyers request a better view overlooking from their units, they would need to add a premium to the purchasing price. It was completed in 2018, and it is located in the established area of Taman Wahyu.

M Vertica, on the other hand, is deemed as the best choice. It is affordable and located in an exquisite and developed neighborhood. Its accessibility to major roads and public transportation also marks another reason for it being one of the best choices. To top that, projects built near to MRT stations are deemed to have a higher capital appreciation and higher rental yields. It also boasts the biggest landscape deck for apartments in town, which is 4.54 acres. It also has a very well-thought-out unit layout that has been structurally sizeable to cater to small and medium families. It has a well-controlled internal circulation with a minimum of two entrances.

The safety of its residences is also ensured, optimizing a high-frequency tag system for the access of cars. There are CCTVs located at all entry points, overlooking a total of 7,105 residential car park bays. There is retail parking at Ground Floor, as well as ladies parking. Separate entries are assured between both residential and retail carpark to ensure safety and privacy.

Its affordability would also mark M Vertica to be one of the prime choices to reside in, in a living environment that ensures quality workmanship by the reputable developer, Mah Sing Group. Such a luxurious lifestyle with such an affordable price that starts from just RM 480,000, it is below the market rate, up to 28% compared to all the other properties within the same vicinity. It offers good investment opportunities as well. Its price per sq ft, is averaged at RM 568. For those investors who would like to invest, they would be privileged with an attractive early bird package. Not to mention, this property has a high capital appreciation, and a buy-low, sell-high concept.

The development of M Vertica will also hold a residential title, which will provide benefits to its residents in terms of utility bills and yearly assessment fees. M Vertica offers everything a first-time homeowner, young couple, or family working in Kuala Lumpur needs, such as affordable prices, abundant amenities, and top-of-the-line connectivity.

M Vertica’s Developer: Mah Sing Group

Mah Sing Group is noted to be one of the leading property developers in Malaysia. In 1965, it only started out as a plastic trading firm. Then in 1992, it was listed on the Kuala Lumpur Stock Exchange 2nd Board. It then ventured into property development in 1994. It reclassified its listing on KLSE from industrial to property in 2000. Then in 2004, it was transferred from 2nd board to Main Board of KLSE.

Mah Sing Group has embarked its interest throughout Malaysia, with footprints in East Malaysia, as well. It has recently accomplished some of its latest projects, including the purchase of a 6.55-acre land to develop Damansara Sentral. The Group even purchased a parcel of 9.33 acres to develop KK Convention City in 2013. Some of its renowned developments in the Klang Valley are none other than Lakeville Residence, M City, Southville City at KL South, and Icon Residence at Mont Kiara.