M Azura Floor Plan:

Market Analysis: M Azura

1. Overview

M Azura is a new serviced apartment development located in Taman Setapak Jaya, Kuala Lumpur. Developed by Jastamax Sdn Bhd, it consists of 1,140 leasehold units across two blocks, with completion expected in 2028. Unit sizes range from 700 sqft (2-bedroom), 850 sqft (3-bedroom), to 1,000 sqft (4-bedroom), catering to small families and larger households alike.

2. Unique Features

The project features a Mediterranean courtyard-inspired design, offering a fresh alternative to typical high-rise buildings. Residents can enjoy views of the KL skyline, adding to the project’s lifestyle appeal. The development includes six core facilities such as 24-hour security, a gym, and covered parking, along with perimeter fencing for extra safety.

3. Accessibility & Convenience

M Azura is well-connected via DUKE, SPE, and MRR2 highways, making daily travel easier across KL and the Klang Valley. It also features modern infrastructure like an automated waste system and multitier security, focusing on both convenience and safety.

4. Market Position

Priced competitively, M Azura offers a strong mix of aesthetics, practicality, and accessibility. The units are sold unfurnished, allowing homeowners to personalize their space. Despite its leasehold status and rising competition in Setapak’s apartment market, its strategic location and lifestyle-driven concept make it attractive for first-time buyers and investors alike.

5. Developer Profile: Jastamax Sdn Bhd

M Azura is developed by Jastamax Sdn Bhd, a subsidiary of the reputable Mah Sing Group. Mah Sing has a solid track record in delivering affordable, well-designed projects nationwide. Their previous project in Setapak, M Astra, sold out completely—showing strong demand in the area. Backed by strong financial stability and experience in both residential and commercial developments, Jastamax brings added credibility to M Azura.

6. Location Overview: Setapak, KL

Setapak is a mature township with excellent connectivity via DUKE, MRR2, and nearby LRT stations (Sri Rampai & Wangsa Maju). The upcoming MRT3 and SPE highways will further improve access. M Azura is close to malls (Setapak Central, Aeon), hospitals (OHANA, Columbia Asia), and schools (TAR UC, IIUM). With its mix of city convenience and nearby green spaces like Bukit Dinding and Zoo Negara, Setapak remains a popular area for both homebuyers and renters.

7. Setapak Property Market Trends

The property market in KL and the Klang Valley is showing steady growth, with more transactions and rising demand—especially for high-rise homes near public transport. This benefits M Azura, which is located close to two LRT stations.

In Setapak, the rental market remains stable thanks to its student population and affordable housing options. While new developments have increased competition, demand for serviced apartments is still strong. Median property prices in Setapak are around RM410,000, with an average of RM339 psf for high-rise units.

Serviced residences in Setapak typically range from RM280,000 to RM400,000, making M Azura competitively priced. The upcoming MRT3 station in Air Panas is expected to boost future property values, further enhancing the area’s appeal.

Comparison of M Azura’s Key Features with Setapak Market Averages :

8. Market Potential Summary

M Azura shows strong potential for both homebuyers and investors. Backed by the reputable Mah Sing Group, the project benefits from a strategic Setapak location with great highway access and nearby LRT stations. Its Mediterranean-inspired design, KL skyline views, and over 40 facilities enhance its appeal. Priced from RM381,000, it offers good value, especially with added features like smart community tech and a green certification (Silver Provisional GreenRE).

Setapak’s high rental demand, driven by students and professionals, supports investment potential. The future MRT3 will likely boost property values further. However, buyers should consider that it is a leasehold property, and competition from other serviced apartments may affect future returns.

Overall, M Azura is a well-rounded development with solid connectivity, lifestyle features, and market positioning—ideal for those seeking a stylish home or a rental-friendly investment.