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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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thxxht
post Jul 17 2011, 11:53 PM

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QUOTE(cranx @ Jul 17 2011, 11:32 PM)
sold out as well? laugh.gif
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not easy to sell since 8k booking fee not refundable. but the 500+ and 700+ sf units are all sold out
cutealex
post Jul 17 2011, 11:55 PM

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Yup....TMS lazy to refund refund... many messy manual admin work...straight forfeit better and take the $ to celebrate with Sales team..
kh8668
post Jul 17 2011, 11:59 PM

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QUOTE(jet2020 @ Jul 17 2011, 09:21 PM)
kindly name 3 condos (VPéd about 12-18months) in KLCC, MK, Bangsar South, PJ, Subang has exceeded 50% occupancy.... wink.gif
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i named three already in MK at this thread.




TSaccetera
post Jul 18 2011, 12:09 AM

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btw i-SOVO is for WORK.. it is OFFICE

not advisable to talk about STAY lah...

This post has been edited by accetera: Jul 18 2011, 12:09 AM
kh8668
post Jul 18 2011, 12:13 AM

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Icon City i-SoVos launch

Tags: 30 Jewels , Andy Chua , ELITE , Federal Highway , GBI , Green Building Index , Green Mark , i-SoVo , Icon City , Kelana Jaya , Kesas , LDP , Lebuhraya Damansara Puchong , LEED , Mah Sing Group Bhd , Mah Sing Properties Sdn Bhd , NKVE , NPE , Petaling Jaya , Seri Setia , Singapore , Small Office Versatile Office

By Wong King Wai of theedgeproperty.com

Thursday, 14 July 2011 00:00

KUALA LUMPUR: Mah Sing Group Bhd is launching the i-SoVo or Small Office Versatile Office units at its landmark Icon City development in Petaling Jaya at an average RM800 psf.

The units will be open for sale in conjunction with the launch of the Icon City sales gallery on Sunday, July 17.

Icon City has a gross development value of RM3.2 billion on a site measuring 19.6 acres. It is situated at the intersection of Lebuhraya Damansara Puchong (LDP) and Federal Highway in Petaling Jaya's SS8.

“Icon City's prominent visibility makes it an ideal location for the product mix in the development comprising versatile offices, corporate offices, lifestyle shop offices, serviced residences and a hotel,” Andy Chua, COO of Mah Sing Properties Sdn Bhd told The Edge Financial Daily.

The concept of i-SoVo focuses on the work environment that offer unparalleled levels of flexibility to owners who desire to set up whatever they wish be it a music studio, office space, art gallery, design house or a private hangout.

There are 283 i-SoVo units comprising two types with built-ups of 745 sq ft and 1,094 sq ft respectively. Prices start from RM599,000 or an average RM800 psf, said Chua. Housed in two blocks of 31-storeys each, all the units are duplexes with double volume high-ceilings. The project also features sky gardens and WiFi infrastructure. The i-SoVo towers are slated for completion in 2014.

The leasehold site of Icon City was purchased in 2009 for RM89 million or about RM104.23 psf. Once completed the project will feature shop offices, a retail mall, residences, a hotel and office towers. It will have more than 3,800 carpark bays. It is estimated to take eight years to be completed.

The first phase of this development was launched in June. It was the 30 Jewels commercial centre comprising 30 lifestyle shop offices of seven and eight storeys on lot sizes of 25 ft by 76 ft for the former and 25 ft by 79 ft for the latter. The selling prices are between RM7.7 million to RM16 million. Already, 19 units with a value of RM192 million have been taken up.

The entire Icon City will incorporate design elements that meet three green standards — Malaysia's Green Building Index (GBI), Singapore's Green Mark and USA's Leadership in Energy and Environment Design (LEED).

The area is accessible via the highways and expressways such as NKVE, Elite, NPE and Kesas. Public transport such as Seri Setia KTM stations and Kelana Jaya LRT stations are within the vicinity of Icon City.

The launch of the i-SoVo will be followed by the launch of the serviced residences at a later date.


Added on July 18, 2011, 12:18 am
QUOTE(accetera @ Jul 18 2011, 12:09 AM)
btw i-SOVO is for WORK.. it is OFFICE

not advisable to talk about STAY lah...
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i-sovo
SoHo
SoFo


Name only, but for hybrid uses.

The Centro
Sunway Nexis
Sunrise Summer Suite
Binjai 8 Premium Business Suite
Icon City i-sovo
CentreStage
Zen Suites @ Festival city

all these projects are the same la. no matter what it named as.

This post has been edited by kh8668: Jul 18 2011, 12:20 AM
1282009
post Jul 18 2011, 01:02 AM

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Impressive ... I mean the picture.

"The launch of the i-SoVo will be followed by the launch of the serviced residences at a later date."

I wonder how much will the serviced residence caused & this is leasehold right?


cranx
post Jul 18 2011, 01:09 AM

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any plans to take down the lost cost flat next door?
Notoriez
post Jul 18 2011, 01:15 AM

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Ridiculous place doh.gif

The road there is like crazy hell JAM everyday...is there any alternative routes?
kochin
post Jul 18 2011, 01:15 AM

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QUOTE(kh8668 @ Jul 17 2011, 12:38 PM)
from the overall big picture, the impending supply of high rise units are huge.

However, there are also some newly completed individual projects are well-occupied (at least 50% occupied) such as kiara designer suites in MK, Casa Kiara 2 in MK and Verve Suites in MK.

believe the price at least can still on-hold at the current price level.

many are JV in purchasing those units that can leverage down the individual risks. cheers
and nowsadays, many investors in Malaysia are buying for own-stayed or for capital appreciation. Not many buy for a rental yield.  blush.gif
coz there is really no yields for that
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bro,
kds VP-ed more than 18 months oledi lah.
same goes for casa kiara 2 and also verve suites.
except if you count from last phase of verve suites then within 18 months lah.
jet2020
post Jul 18 2011, 01:33 AM

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QUOTE(kh8668 @ Jul 17 2011, 11:59 PM)
i named three already in MK at this thread.
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KDS, Casa Kiara 2 and Verve Suites (phase 1) in MK?

sure you know that these 3 condos were handed over >> 18mths ago and occupancy rate still hovering around 50%......despite the developer prices in 2005/6 were lower. So the remaining 50% vacant units are those who bought cash and no need to pay instalments? whistling.gif

many VPéd btw 12-18mths still have very low occupancy rate...... sweat.gif
doomdoom
post Jul 18 2011, 08:32 AM

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QUOTE(Notoriez @ Jul 18 2011, 01:15 AM)
Ridiculous place doh.gif

The road there is like crazy hell JAM everyday...is there any alternative routes?
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take Park 51 la.... biggrin.gif biggrin.gif biggrin.gif
thxxht
post Jul 18 2011, 08:33 AM

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btw fyi, the maintenance is 0.35 - 0.4 psft for the i-Sovo units.
ronn77
post Jul 18 2011, 09:13 AM

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QUOTE(Notoriez @ Jul 18 2011, 01:15 AM)
Ridiculous place doh.gif

The road there is like crazy hell JAM everyday...is there any alternative routes?
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Yes, there is helicopter pit at the top of each buildings.
kochin
post Jul 18 2011, 09:17 AM

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QUOTE(thxxht @ Jul 18 2011, 08:33 AM)
btw fyi, the maintenance is 0.35 - 0.4 psft for the i-Sovo units.
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rclxub.gif
dlyw1103
post Jul 18 2011, 09:20 AM

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QUOTE(ronn77 @ Jul 18 2011, 09:13 AM)
Yes, there is helicopter pit at the top of each buildings.
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You mean RC helicopter right hmm.gif
ronn77
post Jul 18 2011, 09:42 AM

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QUOTE(dlyw1103 @ Jul 18 2011, 09:20 AM)
You mean RC helicopter right  hmm.gif
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During peak hour like 5-7pm, you will not ever to touch the both highway near this project (LDP/FH) so the only alternative ways I can think of is via air. Seriously, I can't imagine what will happen to these access with the completion of Icon City.
dlyw1103
post Jul 18 2011, 09:48 AM

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QUOTE(ronn77 @ Jul 18 2011, 09:42 AM)
During peak hour like 5-7pm, you will not ever to touch the both highway near this project (LDP/FH) so the only alternative ways I can think of is via air. Seriously, I can't imagine what will happen to these access with the completion of Icon City.
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Any plan for LRT/MRT running into this area in future?
jet2020
post Jul 18 2011, 10:44 AM

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if got so much money to splurge and die die wan to invest in condo along federal highway, then this PJ Sentral Garden City(btw PJ Hilton and A&W dive in restaurant) looks more promising than Icon City....why?

- 4.7 acres garden park will be included
- nearer to PJ and KLCC
- walking distance to both Asia Jaya and Taman Jaya LRT stations
- buildings also GBI and LEED certified

http://www.pjsentral.com/about-pjsentral.php

airline
post Jul 18 2011, 10:48 AM

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This for subang people who want offIce near their homes
dlyw1103
post Jul 18 2011, 10:53 AM

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QUOTE(airline @ Jul 18 2011, 10:48 AM)
This for subang people who want offIce near their homes
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Subang have Empire, Soho (coming soon), First etc.. need to go that far? hmm.gif

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