There are actually some "things" here to "clear" first before we can see some activities. But it remained challenging due to many many factors, including the specs/design.

Some change happening. I myelf is going for my own endeavour hence moving out. Haha.

If not mistaken, the access cannot go to Bandar Sunway. It's mostly going down to Federal Highway.

And people from KL-bound, have to go up to LDP further up to U-turn back.

The retail lots are actually meant for sale right from beginning. In fact the frontage ones are sold as 7- and 8-storey enblocs. These were known as the 30 Jewels last time. My personal opinion is that the design of the retail shops have a rather short width frontage.

The rest of the retail shops are those formerly known as "Gourmet Street" and central park shops with alfresco space. Those are meant for sale as well while the developer leaseback some, or rather most, of the units for their leasing team to work on since the vacant possession. Hopefully the many retail tenants will be confirmed soon and come in.

The Level 1 retail carpark, Level mezzanine and Level 2 carparks and two basement level carparks are also sold to Pelaburan Hartanah Bhd as a carpark investment. Total = 1,967 bays.
http://www.phb.com.my/carPark.html

During my time there when they haven't installed the autopay system, PHB outsourced to a third party carpark operator to operate the carpark on their behalf who is charging RM5 per entry. This means most people do not park inside the carpark levels, they just park at visitor carparks. Hopefully when they start the autopay system, the rates will come down accordingly by hourly.

This post has been edited by accetera: Mar 30 2017, 11:14 PM

This joint venture for the proposed mall refers to Phase 2 which is not built or launched at all yet. Not the existing Icon City (Phase 1: 5+2+1 blocks). It's clearly mentioned in the article. There is no mall in Phase 1.

There is another 10 acres vacant land next to Icon City earmarked for Phase 2, which now includes the future developer HQ block. My prediction is Phase 2 is planned for 2019 onwards.

Hope there is no confusion between Phase 1 and Phase 2. All these while the retail mall is for Phase 2.



This post has been edited by accetera: Apr 3 2017, 07:05 PM

Site of Phase 2

The central pattana mall is mostly exploring stage. It didn't happen.

Today, a property does not necessarily will do well with a mall, even with a mall that has some footfall.

The secondary market is based on demand and supply factors, needs-based factors, affordability factors and the comparative benchmarking sense, ie where else can I get a property of similar price.

We were based here at Icon City for a few months and based on our conversations with the many buyers they bought in the property here due to the connectivity and infrastructure (the many access ramps) and the concepts such as the Gourmet Street stratified retail lots (which is not a mall) and the urban park. Many prospect tenants would love to see the park as the other side offers less desirable view or highway. A well known property guru almost bought into the Gourmet Street too.

In fact some didn't even know there was a shopping mall here, unless perhaps the much much later buyers.

In terms of pricing, I feel that it's on the high side judging by the surrounding demographics and the location itself. There are many other issues pertaining to the infrastructure of the roads too (not all ramps will be done in Phase 1). It is also not easily "connected" to Bandar Sunway, if that would happen, then we would have many student prospect tenants.

We have assisted to close a few rental deals here but due to our internal issues I am no longer able to continue my business here.

This post has been edited by accetera: Apr 4 2017, 10:07 AM

I said "not easily connected" to Bandar Sunway... Icon City cannot tap into Bandar Sunway rental market. As you come out to LDP... the traffic flow direction is not good.

Too early to say... but the timing of VP was bad as well.

In fact, most newly completed VPed last 8 months and the next many months will need more time to get some rental cashflow, though cannot cover instalment except very few new VP properties (hint: in KL area).

The market is soft and established matured demograhic areas still the better bet even though rental cannot cover because at least you can have some cashflow, ie. easier to get tenant. The smaller unit builtups will have smaller shortfall gap between rental and instalment.

Today, many newly completed VP is even scarce to get prospect viewing or enquiry.

This post has been edited by accetera: Apr 4 2017, 10:45 AM

Coming out from Icon City on Jalan SS 8/39 to join LDP, you will miss the bridge as got road barrier.




Once on the lane below the bridge and keep right, this is how it looks like:




The traffic flow is leading to Federal Highway Shah Alam bound. Unless you dare to put your car infront there like black car.



This post has been edited by accetera: Apr 4 2017, 07:29 PM

RM780k for 600 sq ft? wow!

This post has been edited by accetera: Apr 12 2017, 02:54 PM

The corridor of 4ft is the i-SOVO which is Non HDA product. Each unit door got no foyer area and they dont expect you to move big things in and out of office.