Revised from earlier design

ICON RESIDENCE, MONT' KIARA

As advertised by Mah Sing Group Bhd





This post has been edited by accetera: May 1 2010, 10:36 AM

grand main entrance.

it gives me an impression of hanging garden of babylon =)
Anyway! a nice one

anyone knows who's the architect?

starting soon...


According to an unnamed source, the preview for this property:
Date: 16-18 July 10
Time: 10am - 6pm
Venue: Sime Darby Convention Centre

Anyone knows about the launching price?

preview can book?

i think will be ard rm800psf-900.

quite misleading to say it's MK when it's located in dutamas/segambut.....

i also think it looks like the hanging gardens of babylon!

---

Added on July 7, 2010, 2:41 ami love the icon office at kl more!

This post has been edited by lexiqa: Jul 7 2010, 02:41 AM

i love the concepts but how much do you all think...

The concept is awesome and refreshing, but im sure its gonna be quite expensive.

most probably RM1200psf and above.

I guess concept enables people to pay way above market rate? Look at Desa Parkcity, its in Kepong (Kepong!). No one expected it to do so well

can ar?? pavilion residences also ard 1300psf "only"

one of a kind interesting concept.
say 1000sf unit "only" 1.2million

Can check out thier latest scale model & information in Icon Jln Tun Razak Office now. Asking price from 950psf to 1200psf.

just to let u know on my way back to hartamas. dutamas road jam teruk.
those who want to buy can take note. Haha
also this area is not mont kiara. is dutamas.
they should rename it icon residence @dutamas.

This post has been edited by airline: Jul 12 2010, 07:11 PM

really don't think ur estimate will happen at launch lor. 1.2psf is too far-fetched for this area now.

some more like someone just reported, the Icon office @ jln tun razak also 1.2kpsf wor

1000sf for 1.2mil who wanna stay in dutamas ar

Mah Sing previews Icon Residence Mont'Kiara
By Wong King Wai of theedgeproperty.com
Wednesday, 14 July 2010 18:24


KUALA LUMPUR: Mah Sing Properties is expected to officially launch its latest project, Icon Residence Mont'Kiara, within two to three months, said Mah Sing Properties chief operations officer Teh Heng Chong on Wednesday, July 14.

Before the launch, however, Mah Sing would hold a preview for interested buyers of Icon Residence at the Sime Darby Convention Centre from Friday, July 16 to Sunday, July 18.

"The preview is only for registered applicants for the time being," Teh said.

The project currently has 6,000 registered applicants, of whom about 20% to 30% are foreigners.


Icon Residence Mont'Kiara is located close to Matrade Center and Solaris Mont'Kiara, which is off Jalan Duta in Kuala Lumpur.

The development's modular design is inspired by Santorini in Greece, while the landscape and water features are inspired by the country's Mediterranean feel.

"We are creating a collectors' item for those who like fine things," Teh said on the project's niche market. "The buyer of this development is sophisticated and well-travelled."

Icon Residence Mont' Kiara sits on 2.57 acres of freehold land, and has a gross development value (GDV) of RM298 million.

It has three towers - namely Icon 1, 2 and 3 -- which are 26-, 28- and 36-storeys high respectively, with each floor housing two to six units. All are corner units with views of either Kuala Lumpur or Mont'Kiara.

In total there are 260 units, of which 78 units are in Icon 1; 73 units in Icon 2; and 109 units in Icon 3. The unit sizes range from 875 sq ft to 2,697 sq ft, with a starting price of RM956,800. On average, the psf price is between RM1,100 and RM1,200. Fifty units in Icon 3 come with private lift lobbies.

Among the units to be sold are six duplex penthouses that range from 4,200 sq ft to 4,436 sq ft, and are priced from RM5.35 million. These units come with private swimming pools.

All units come with kitchen cabinets, wardrobes, air-conditioners, fridge, dishwasher, washing machine-cum-dryer, stove and hood.

The recreational area is on the seventh floor and the development also has roof-top gardens atop each tower. The development has 648 carpark bays.

Among the green design features include rain-water harvesting, energy-saving lights, low VOC paints and automated waste disposal system, in which all waste is collected to a central area for pick up and disposal.

"I believe this is the first development in Mont'Kiara with such a disposal system," said Teh.

In previous artist impressions, the Icon Residence Mont'Kiara featured a wide array of water features and gardens, but they have now been scaled down. "This has been toned down for easy maintenance," Teh said.

Construction is due to start in 4Q2010 and will be completed in three years' time.

This post has been edited by sk2000: Jul 15 2010, 11:11 AM

Seems like a really high psf price....Zehn pantai is selling for lower than 1200 PSF on the secondary market....

Just came back from there.

Icon 1, 80% booked.
Icon 2, 20-30% booked.
Icon 3, opened few floors only, 10% booked.

Icon 1 price psf is around 8-10% cheaper than Icon 2. Strange.
For 10th floor, 1164sft, 2 rooms, 2 bath, no balcony, facing school, inner corner unit, Price is RM1,205k.
(For similar unit, diff design, similar size, Icon 2 is selling at RM1.3mil)

Oh, for time being, early bird discount of RM65k per unit regardless of size.

Installment only start upon completion by 4 appointed banks which rate is at BLR -1.9

For booking, RM30k is required upon signing and balance to be paid during S&P which is estimated to be in Aug/Sept.

They estimate rental to be around RM4.50 per sft which, a 1164sft unit will fetch around RM5,200.
Maintenance - First year free and subsequent is at RM0.35 (RM407 per month).
It is freehold.
1 side facing high tension cables but they assured the Naza/Government project which is just oppositethe road will convert it to underground.

Other guesstimate new buildings opposite the Icon. (according to them)
1. Trade & Convention Centre
2. 5 Star Hotels
3. High end office buildings
4. MRT station

Slightly off of this Icon, they say Sunrise will build a 3 blocks highrise super expensive condo. (next to Matrade).

In front of Icon, there is an empty piece of land, they seem to be reluctant to talk about it but the way they answer it, should be another high rise condo coming up.

So... what you think? Worth the money?

Points to ponder
1. Low downpayment since they absorb RM65k from the 10% deposit.
2. 3 yrs completion only start paying, so, potential property value increased around the area or at least maintain same price. So, if by 3 years time and financially not stable, you give up and lose few thousand on stamp duty?


So... danger or not?