M City, Jalan Ampang
M City (also known as M-City) is a freehold integrated office, residential & retail hub located in Jalan Ampang, Kuala Lumpur. There are 1,000 apartment units and 600 SOHO units available at this project with built-up from 781 sf to 1,066 sf for apartment units, 2,560 sf for retail units and 911 sf for SOHO units. It was developed by Mah Sing Group Bhd with a launch price at about RM740 psf for apartment units, and was completed in around 2016.
Mah Sing Group Bhd is a very big-scale property developer listed on Bursa Malaysia, and it has built about 80 property projects in Malaysia. Other similar projects by the same developer are Garden Plaza, Garden Residence, Icon City, Kinrara Residence, Meridin East, Savanna, Southbay, Southville City, Taman Damai Utama and Taman Sierra Perdana.
This integrated office, residential & retail hub has many amenities nearby, e.g. universities, schools and hospitals. The following are some universities here:
- Fed International College
- Flamingo International College
- Institut Teknologi Universal
As for schools, there are Erikids Pre School (Ampang) and Khalifah Model School.
The current market prices for M City are from RM610,000 to RM860,000 (about RM780 psf) for apartment units and RM490,000 (about RM540 psf) for SOHO units; while the monthly rentals are from RM2,200 to RM2,300 (about RM2.81 psf) for apartment units, RM15,000 (about RM5.86 psf) for retail units and RM2,300 (about RM2.94 psf) for SOHO units. The highest median price psf ever recorded was RM1,920 psf in Q1 2013 (Apartment) and RM1,392 psf in Q4 2015 (SOHO); while the lowest one was RM738 psf in Q1 2019 (Apartment) and RM541 psf in Q2 2019 (SOHO).
The current rental yield of M City is 4.32% for apartment units. The highest rental yield ever recorded was 5.33% in Q2 2019 (Apartment); while the lowest one was 3.22% in Q2 2016 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at M City for apartment units is 1-bedroom / 781 sf with a median price of RM780 psf. For price wise, the most expensive one is 1-bedroom / 910 sf with a median price of RM950 psf; while the cheapest one is 2-bedroom / 1,066 sf with a median price of RM730 psf.
Meanwhile, the most popular layout and size combination at M City for retail units is 2,560 sf with a median rental of RM5.86 psf. For rental wise, the most expensive one is 2,560 sf with a median rental of RM5.86 psf; while the cheapest one is 2,560 sf with a median rental of RM5.86 psf.
Lastly, the most popular layout and size combination at M City for SOHO units is 911 sf with a median price of RM540 psf. For price wise, the most expensive one is 911 sf with a median price of RM540 psf; while the cheapest one is 911 sf with a median price of RM540 psf.
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