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Investment ICON CITY PJ | NEON | I-SOVO | ICON RESIDENZ [OT], A world class urban centre for you

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CMW123
post Jul 20 2013, 08:05 PM

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QUOTE(jucl @ Jul 20 2013, 07:12 PM)
I cannot accept the layout without living hall. Maybe I'm old school but suprisingly most  unit booked was dual key.
Comes with 2 parking.
Others r only with 1 parking except 3 rooms wan.
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I was surprise also to see the dual key units being the one most booked

Do this mean that mostly investors becoz they think that 2 sources of rental income for the price of 1 unit? rclxms.gif
CMW123
post Jul 20 2013, 09:29 PM

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QUOTE(Chris Chew @ Jul 20 2013, 09:13 PM)
IMHO, the dual key unit of 717 sq ft would be the most liquid in terms of rental review once the retails and offices goes wild somewhere 2-3 years after maturity of occuppied units.

It was the most flexible unit, where to rent out both studios separately and crucially, each studio comes with one parking each. The wall also can be tear down to allow living hall space hence, it is convertible unit
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When i was there last week, the 2 dual key units on the lowest floor was available, RM604k...almost hand itchy want to book but... sweat.gif
CMW123
post Jul 21 2013, 12:30 PM

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What is your view on the dual key unit vs 675 sq ft unit?
CMW123
post Jul 21 2013, 06:48 PM

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QUOTE(Maneki-neko @ Jul 21 2013, 06:30 PM)
Hi there! I was about to get a unit yesterday, but understand that the piece of land is under industrial title  shocking.gif

Any comment??
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Where u get info?

Should be previously industrial title then approved for conversion to commercial after paying conversion premium or else wouldn't be able to get development order...

Better confirm with developer
CMW123
post Jul 24 2013, 10:38 AM

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QUOTE(moonstone13 @ Jul 23 2013, 11:32 PM)
After ploughing through most of the 44 pages....(perhaps I would have gotten to the answer more easily by just calling a SA or dropping by the gallery)...There a wide spectrum of units available..

1. Residenz via Tower 1 (40 storeys with 249 units)
2. Creative Residences via Tower 2 with 11 layouts:
(Type B1 675, B1a 708, B2 813, B3 717, B4 922)
(Type C1 965, C2 992, C3 992)
(Type D1 717, D2 1265)
(Type E 1405)
3. iSovo via Tower 3 and 3A (436, 745, 1084, 1094 sf sizes)
4. Boutique offices via Tower 5
5. 30 Jewels Shop Office (apparently sold out)

Simple question is, are all the above sold on Commercial title basis (given it's all on the same acreage)? If yes, would max loan eligibility be capped at 85%?

On the flip-side, say it was my 4th residential property, would I still be subjected to the 70% LTV ruling if Icon City is based on commercial title?
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If I am not wrong, both the 2 residence towers are residential under the Housing Development Act hence subject to 70% LTV rule...

It is not only depend on the commercial title of the land. A serviced apartment or a SOHO can be on a commercial land but is residential...

CMW123
post Jul 25 2013, 08:36 PM

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QUOTE(jucl @ Jul 25 2013, 10:28 AM)
Boss, the UFO shape is still there at the entrance. This tower 2 residential  is going to be in dark grey color similar to sdb's 5 stone facade.
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Same facade like 5 stone, interesting! which look quite unique in that part of SS2. I think good for maintenance, no need painting n less cleaning. Other towers are glass wall? Not sure about the contrast when one dark grey tower stand next to a glass tower...
CMW123
post Jul 26 2013, 07:46 PM

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QUOTE(accetera @ Jul 25 2013, 09:53 AM)
Service apartment is bascially residential built on commercial land. It is considered as fully-used as residential, hence comes under HDA.

SOHO is bascially a service apartment with office element. Most of SOHO today comes under HDA, hence residential type property.

All others are for office use hence commercial type and will not be part of HDA.

Most land left for development are commercial.

As far as developers are concerned, Kuala Lumpur will see a declining number of purely highrise residential built on residential land as commercialisation is vital to a gross development value and other land matters.

Btw, studio refers to size of apartments, it is not a genre of a product. The traditional principle is that studio refers to a small-size (normally less than 500 sf) service apartments or soho that HAS NO ROOM... this is called studio. Otherwise if it has 1 room - then it will be a 1-room service apartment or soho. It is not appropriate for Studio to be >500 sf, because the developer would have accommodate at least 1 room for sizes above 500 sf.
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I posted the below questions on few thread but no replies n am quite keen to know some answers. Since this thread has so many tai kor tai tai here and touching on this so post here. No offence to hijack, arigato for teaching me...

Anyone know why developer build so many SOFO?

1. Land below 2 acres can only do commercial but not residential?

2. Help purchasers with LTV 70%? But can give 20% rebate like South View by UOA to resolve

3. Want to avoid HDA regulation? As commercial and not residential, freedom to bill purchasers based on own designed stages in S&P agreement and can withdraw collection without HDA restriction?

4. Because commercial land based on plot ratio can generate higher saleble floor space for SOFO wherelse if build serviced apartment/SOHO need to follow density per acre and lower unit number and higher unit size per unit?

5. You mean SOFO can sell higher psf price compared to serviced apartment/SOHO so developer sell more SOFO?

6. SOFO S&P agreement must state for office use only? How about the DMC (surely would not state allow for residence, right)?

7. SOFO would not provide any room partition; total open space like office. Lower cost to construct?

8. SOFO supposed to have pantry and serviced apartment/SOHO have kitchen

9. SOFO would have requirement on fire springer system due to bomba requirement? Would you want to stay in a unit with springer?

CMW123
post Jul 26 2013, 08:07 PM

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SOHO planning guidelines for Selangor

http://www.jpbdselangor.gov.my/Laporan/Gar...ANDUAN_SOHO.pdf
CMW123
post Jul 30 2013, 11:20 AM

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QUOTE(chiefy @ Jul 30 2013, 11:02 AM)
yah.. you are right, the unit have dual door system. I can actually make it into 2 units if I wanted to. But I like the double volume space, especially if I make a meeting room right next to the window with nice hanging down lighting and overlooking the park.
I think the meeting would be more productive with nice ambience wink.gif
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Hi, there is a bathroom both upstairs and downstairs?
CMW123
post Aug 18 2013, 05:43 PM

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Government should have new guidelines or new laws to avoid these confusion and protect the consumers before the time bomb explode
CMW123
post Aug 19 2013, 09:20 AM

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QUOTE(geolee @ Aug 18 2013, 11:13 PM)
depending..
paradigm is going with mall first, then office, hotel, then only residential...
I dun think paradigm can consider a failure though..it is catching up tropicana mall which was much older than paradigm, and kill the giant once for all already
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MS smart, if they built mall first, no revenue to bill, need to carry the funding costs for the mall, then the mall need to take time to fill up, first year rental income probably just enough to cover financing costs

When they do residence and office first then can use the funding from the profit to finance the mall


CMW123
post Aug 21 2013, 03:56 PM

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Since when got 8% discount?
CMW123
post Aug 23 2013, 12:35 PM

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Didn't hear Expo got additional 3% rebate....
CMW123
post Sep 3 2013, 03:49 PM

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QUOTE(vislai @ Sep 2 2013, 10:21 PM)
still got many units left. Big size unit almost completely unsold. smallest size unit still got plenty. Hot sale is 717sft. I heard the salesman said that the dual-key concept for 717sft is gonna be some sort of cancel. The middle wall will not be built by the developer. Is that any existing buyer here can confirm this?
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Don't make sense if the reason the purchaser chose to buy the 717 unit is due to the dual key. If not might as well buy the 675 sf unit...
CMW123
post Sep 6 2013, 08:35 PM

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QUOTE(theresalkg @ Sep 6 2013, 07:32 PM)
+1

I bought the 717 sq ft due to the dual key concept.... The additional car park is only a plus point....
if they remove the wall, then the unit will looks weird with 2 toilets in a Studio.. sad.gif
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And 2 post box and 2 electricity meters...
CMW123
post Sep 7 2013, 09:46 PM

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How is the current sales progress?
CMW123
post Nov 2 2013, 10:13 AM

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Most dual key purchasers should be more investors rather than own stayers...
CMW123
post Jan 12 2014, 10:36 PM

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Which phase will VP first and when would that be?

CMW123
post Jan 15 2014, 02:54 PM

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QUOTE(Maneki-neko @ Jan 10 2014, 10:50 PM)
Guys, I-suite @ I-city has Best Western to manage the hotel. How come Mah Sing has yet to announce who will be the business to run the hotel at icon city? hmm.gif
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If there is already a contract sign with a hotel operator, they will announce it within the same day...

If no announcement means...

For a successful hotel venture, normally the hotel owner will enter into long term years contract with the hotel operator as the operator would also want to have certain say in the concept, layout, room furnishing, outlet design especially when the operator is from an international chain
CMW123
post Jan 15 2014, 10:38 PM

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QUOTE(johnoble @ Jan 15 2014, 04:30 PM)
pls confirm the price of 7sty and 8stry offices. i tot its already sold out long ago for 30 jewels?
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Ya, heard sold out long time ago...

Loan reject?

Bumi release?

Con job?

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