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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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jucl
post Jun 28 2013, 08:28 PM

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QUOTE(AMINT @ Jun 28 2013, 07:34 PM)
Me = no buy. But that is just me.
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Btw can u share oso why u say no. Ur sifu n ur advise is very important!
jucl
post Jun 28 2013, 08:30 PM

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QUOTE(teddie @ Jun 28 2013, 08:21 PM)
Yala sap sap sui to daikor like him laugh.gif hard to decide leh
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I tot u book already, still deciding??

jucl
post Jun 28 2013, 09:01 PM

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QUOTE(teddie @ Jun 28 2013, 08:57 PM)
Yea haven't signed snp ma if sifu say no I cancel straight brows.gif
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Sometime when u listen too many opinion you get confused. As long as u have done your homework, just follow your instinct smile.gif
Rmbr the price psf you r paying is the price 3 years down the road. Not current price.
Own stay o investment?
jucl
post Jun 28 2013, 11:47 PM

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QUOTE(AMINT @ Jun 28 2013, 10:50 PM)
1. Leasehold (i am.a bumi)    2. Bloody expensive for the place.how to flip? If for rental, how to cover rent at rm1000psf? Not sustainable for short term.
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Aha! It's not 1000psf but only 830psf after discount. Biggies are even cheaper.
Stigma bro. Many ppl tot is expensive.. But its cheaper than tropicana garden, eco city!
Does it sounds reasonable to you now..kekeke
LH of coz bumi susah a bit..
jucl
post Jun 28 2013, 11:51 PM

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QUOTE(accetera @ Jun 28 2013, 09:06 PM)
@jucl must be sooo hurt...  laugh.gif
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No. I'm not hurt. In life one have many choices. If he duwan me, I offer u want o not.
5% discount ! LOL
jucl
post Jun 29 2013, 12:37 AM

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QUOTE(AMINT @ Jun 28 2013, 11:53 PM)
Even at rm830psf is sexpensive la bro at that location. I doubt rental could cover ur installment. If in kl city centre then have higher chance. Since rental a bit susah, ur subsales also i think will be goyang coz this is high rise.
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I beg to differ. Comparing apple to apple, simiar concept like Icon, you have
1. Upcoming paradigm residences 800-900psf.
2. Tropicana garden 1200psf
3. Tropics at tropicana mall 800-900psf - mind you this the current sub sales price
4. Surian damansara 800psf- 900psf- sub sales
5. Setia Eco city- 1400psf??
6. UOA Bangsar south - 800psf?
7. Tropicana Metro Park - 700-800psf. Heard new phase they going to price it @ 900psf!
8. Around the vicinity you have zenith @ 650psf?
And the list goes on.

As for Mah Sing, I'm not sure whether this is the right strategy for them. They launch soho, sovo, sohai and residences first before they build mall and hotel.
Imagine if they reverse the sequence meaning they build hotel and mall first, what do u think is the asking price for residences unit? Sure sky high bro! At least this leaves us some room for cap appreciation before the hotel and mall completes.
Not to forget, they will have dedicated ramp, to and from Federal Highway.
Of coz, if the scew up, habis la but as this is their flagship development, I think they die die also must make it successful.


jucl
post Jun 29 2013, 01:03 AM

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QUOTE(AMINT @ Jun 29 2013, 12:48 AM)
ok buy bro. good luck.  rclxms.gif
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Actually I talk big only bro..I also worry if the decision is the wrong one.. Kekeke
U think I'm as rich as u meh, if one or two investment turn sour still can sustain n steady...

jucl
post Jun 29 2013, 08:58 AM

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QUOTE(airline @ Jun 29 2013, 07:24 AM)
I second, this project looks cheap already if compared to the rest
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I think Mah Sing makes mistakes n too ambitous when they launch 1st block at 1000psf. They shoot themselves on the foot n sales were slow. Now the price sound reasonable hope this is not an overprice project, finger crossed smile.gif
jucl
post Jun 30 2013, 12:53 AM

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QUOTE(The Jedi @ Jun 29 2013, 09:52 AM)
Sure early buyers bought at higher pricing will be pissed. Keen to see how MS responds to this.
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Difference btw tower 1 n 2 is tower 1 is semi furnish n tower 2 is bare .. Still Mah Sing is not able to justify the price difference of 130psf on furnishing alone. Technically they actually reduce the price!
jucl
post Jun 30 2013, 01:04 AM

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QUOTE(noblebaby @ Jun 29 2013, 10:47 PM)
This location has no attraction. Ppl still comparing it with Tropica n Eco City, totally different league, lol. ZzzzzzZzzz... this development has bad feng shui same to the icon @ MK.
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Bro, do you mind to share why you think this location got no attraction and bad fengshui.

I agree that eco city and tropicana garden is different leaugue but does the price difference of 500psf to 600psf justifiable?
jucl
post Jun 30 2013, 01:24 PM

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Sales updates as of yesterday when I was at sales gallery.Attached Image
jucl
post Jun 30 2013, 03:03 PM

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QUOTE(xyyap @ Jun 30 2013, 02:13 PM)
One good negative point.
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Well if in anyway Donald Trumps's crystal ball is accurate and indeed all pigeon hole is the culprit than i reckon other type of similar mixed development will suffer the same fate, not limited to icon only. Mind you have tonnes of them are around. Pigeon hole is anything between 300- 500sf, anything above 700sf i called it small unit, but that's just me.

As for track record, i kinda agree MS does not command similar reputation as their peers, "the likes of SPS and Dijaya" but remember past record doesn't guarantees future success. Not all SPS project are commercially as successful as Setia Mall. Do not want to offend anyone but i feel Setia Walk isn't going that great

Anyway, this is Mah Sing flagship project, die die they got to do it well. After all for the residential tower, density is low. Only 500+ unit. Less competition within the vicinity once completed. Their HQ will be moved here too. Finger crossed hopefully they can deliver as they plan smile.gif

This post has been edited by jucl: Jun 30 2013, 03:04 PM
jucl
post Jun 30 2013, 03:15 PM

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QUOTE(xyyap @ Jun 30 2013, 03:11 PM)
Brother, which level?

How much increase per floor?
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boss, 3k increase per floor.
jucl
post Jul 1 2013, 11:22 PM

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QUOTE(osakacake @ Jul 1 2013, 07:17 PM)
Hi,

Is Icon City a good place to invest.

I was invited to their recent launch for Service Residence

Contemplating to invest but just wasn't too sure about this place.
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I think you should read previous post and do your own judgement whether is a good or bad investment. To me is doable. Others may not agree.
jucl
post Jul 1 2013, 11:47 PM

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QUOTE(AMINT @ Jul 1 2013, 11:34 PM)
U all better listen to jucl. He is iconman now. Dont play2
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Cisss... I kasi warning sama lu. U dun play play with me... Kekekeke
jucl
post Jul 2 2013, 08:15 AM

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QUOTE(Chris Chew @ Jul 2 2013, 12:01 AM)
Boss, sudah hantam berapa biji kat Icon City?
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No la taikor. Can only afford 1 unit. Anyway its my gf wan... Can afford like you and Amint. Everywhere also sapu smile.gif
jucl
post Jul 6 2013, 11:31 PM

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QUOTE(xyyap @ Jul 6 2013, 11:25 PM)
Visited.

Good. But too bad. The surrounding is far from good.

The surrounding may take another 20+ years to develop.
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U mean the those low cost apt? On the bright side, Icon city is self contained. Also none of the residence block overlooking those low cost apt.
Btw boss, how's the sales so far?
jucl
post Jul 12 2013, 03:16 PM

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Attached Image

The access road and ramp to icon from ldp and federal highway is quite impressive.
jucl
post Jul 12 2013, 03:20 PM

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QUOTE(zenix @ Jul 8 2013, 10:10 AM)
iconman - is this place a good buy?
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The asking price to me is quite reasonable. 830psf 3 years down the road. On top of this, u get full dibs, spa, even ur loan agreemeent oso free.
jucl
post Jul 12 2013, 08:02 PM

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QUOTE(CMW123 @ Jul 12 2013, 06:54 PM)
Got invitation from one investment club to attend dinner at Icon City sales gallery tomorrow nite, follow by presentation by the COO...
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Is the invitation open to public? Got free food ah?


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