MRCB Land unveils Lunar Seputeh

MRCB Land has unveiled Lunar Seputeh, a premium residential development combining a strategic location, low density and Japanese-inspired living.

The project has a gross development value (GDV) of RM472 million, sits on 0.94ha of land and comprises a 50-storey tower.

It houses 483 residential units, making it a low-destiny development within an urban setting in the city centre,

Lunar Seputeh is the third and final wholly residential phase under the integrated 9 Seputeh master plan, which spans 7.04ha, following earlier developments like Vivo and Tria Seputeh.

MRCB Land chief executive officer Wong Hong Yeong said one of Lunar Seputeh's advantages was its residential title status, particularly along the Jalan Klang Lama corridor, which also features new developments with commercial titles.

He said this allowed owners to enjoy residential utility tariffs, as well as lower assessment and land tax rates compared with commercially titled developments, offering practical long-term benefits.

"Lunar Seputeh also benefits from infrastructure that has been provided as part of the 9 Seputeh development, including MRCB's approximately RM115 million investment in the Old Klang Road-New Pantai Expressway (OKR-NPE) link bridge.

"The bridge provides direct access to the NPE and onward connectivity to Petaling Jaya, Subang and Sunway, while also facilitating residents' travel to other areas of the Klang Valley."

Its location also puts residents about 700m from Mid Valley City and The Gardens Mall, while KL Sentral and Bangsar South are only 2km away.

Another attraction of Lunar Seputeh is its direct access to the 1km-long Promenade Boulevard along the Klang River, which provides jogging and cycling paths, outdoor fitness areas, a playground and recreational spaces.

Wong said Lunar Seputeh's design drew inspiration from the concept of "tsuki", which means "moon" in Japanese, with an emphasis on simplicity, balance and tranquility.

The Japanese influence is reflected in the architecture and facilities, including a Japanese onsen bath, Zen Courtyard and Meditation Deck, while Gekkyu, or "Moon Palace", creates the arrival experience for the development.

More than 40 facilities are provided across four floors, covering wellness, family, work, recreation and social interaction needs.

These include an infinity swimming pool, jacuzzi, gymnasium, dance studio, co-working space, reading room and Social Kitchen, which is connected to the Moonlit Sky Lounge on the 45th floor.

The residential units range from 683 to 1,646sq ft, with configurations ranging from 1+1 to 4+1 bedrooms.

Type C1, measuring 1,280sq ft, offers a dual-key concept that is suitable for multigenerational family living.

Indicative prices currently start at RM607,800 for Type A and go up to RM1.4 million for Type D, with the development targeted for completion in March 2030.

While Lunar Seputeh represents an important addition to MRCB Land's residential portfolio, the group's property strategy covers a broader scope, including transit-oriented development (TOD), integrated developments, new segments and international expansion.

MRCB Group chief operating officer Datuk Kwan Joon Hoe said residential properties remain a crucial part of its business, but the group wanted to build a more balanced portfolio based on its expertise in TOD, integrated development and strategically located land.

"We pioneered TOD in Malaysia through Kuala Lumpur Sentral CBD and have since brought that experience to Penang Sentral, PJ Sentral Garden City and Kwasa Sentral. That experience continues to shape our next generation of developments."

MRCB is planning the next phase of Penang Sentral, which will include new retail and residential components. The Mutiara Light Rail Transit line will have a direct connection to the hub.

Ipoh Sentral covers 27ha, with an estimated GDV of RM6.25 billion, and will be developed in phases over 20 years.

Its first phase includes the enhancement of 2.55ha of green space with a public recreational park and other facilities.

At the same time, MRCB is exploring new segments, including data centres, industrial and logistics facilities, co-living, healthcare and assisted living.

In the industrial segment, the group developed and owns the RM121.5 million Jabil manufacturing facility in Perlis under a building-to-suit arrangement.

MRCB is also expanding its use of sustainable construction technology through the MRCB Building System (MBS), with Tujuh Residences in Kwasa Damansara City Centre becoming the group's first high-rise residential development to use the proprietary modular construction system.

MBS is designed to accelerate construction while improving safety and efficiency, as well as reducing waste, energy consumption and carbon emissions.

On the global scale, MRCB is expanding its residential portfolio in Gold Coast, Australia, through Vista in Surfers Paradise and MARIS in Southport.

Building on this presence, the group is now exploring selected opportunities in the Middle East, Central Asia and the Maldives.

In Saudi Arabia, MRSB has entered into a memorandum of understanding with Public Investment Fund-owned RUA AlHaram AlMakki Company to explore participation in the development of King Salman Gate in Makkah, with the potential to leverage its expertise in TOD and integrated urban development.

Up to 2025, MRCB's Property Development & Investment business had approximately 496.95ha of land with an estimated GDV of RM32.8 billion, providing the group with a substantial long-term development pipelline.

"We are very selective about our next steps. Property is a long-term business, so we need to be disciplined about what we develop, where we invest and when projects are brought to market.

"Lunar is part of that journey, as we continue to build our TOD portfolio, explore new segments and expand internationally,
 said Kwan.

You can learn more about Lunar Seputeh today and tomorrow, from 10am to 6pm, at an event at the MRCB Land Property Gallery.