IN the early days, Rawang used to be a satellite town of Kuala Lumpur with an economy powered by tin mining.
Throughout the years, it started to expand and today, its population is close to 200,000.
Mah Sing Group Bhd chief executive officer Datuk Ho Hon Sang believes that Rawang is on the right track to become a property hotspot.
“People used to think that Rawang is far and inconvenient, but it’s a different town right now compared with the old days.
“With constantly enhanced connectivity and infrastructure, Rawang is slowly building its name as an ideal place to live. We believe that with the right land, concept and product, the development will see good take-up rates.”
Ho said Rawang was an up-and-coming area in the Klang Valley, and the company found that many house buyers bought their properties there because they wanted to own a landed unit at reasonable price, with the ease of commuting to work in Kuala Lumpur.
He said the town was also attracting investors, who were banking on the affordable property prices to reap profits through capital appreciation.
“Property investment remains a favourable asset class that helps preserve wealth against inflation. Mah Sing has a good history in Rawang and based on the success of our two townships, we are confident that our third—M Aruna— will be well received,” Ho told NST Property.
He said the population in Rawang was increasing with better infrastructure, resources and economic activities. “We have been investing in Rawang because of its location in the northern corridor of Kuala Lumpur.
“It is just 37km away from the Central Business District (CBD) with good road and rail connectivity.
“Back in 2011, we foresaw that with continued urbanisation, demand for residential land was expanding to the suburbs, including Rawang.
With our fast turnaround business model, we knew we could meet the demand for landed properties.
“As a market-driven developer, we understood the needs of the emerging generation of property buyers, and when the 91.5ha landbank for M Residence@Rawang was acquired, it made perfect sense to build a township that provides rapid access to the CBD with the comfort and joy of suburban living.”
Ho said M Residence@Rawang was envisioned as a place for urbanites and city dwellers to call home. “Due to overwhelming response for M Residence@Rawang, we acquired another 63.5ha of prime land just 2km south to build M Residence 2.”
Where growth was concerned, Ho believed Rawang had enough amenities to draw a new generation of homeowners. “This generation does not mind travelling further to work as long as they own a landed property.
“This is why our developments in Rawang have distilled the essence needed by this group.
The crucial factors that property buyers look into are always location, price and accessibility.
“The popular response to M Residence2 once again proved that Rawang has good potential when it comes to property acquisition.
“We are essentially meeting market demand for good quality homes with exceptional concepts and delivered in a timely fashion,” said Ho.