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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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papadon
post Jun 4 2018, 01:15 PM

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QUOTE(MNet @ Jun 3 2018, 06:17 PM)
how much u rented out?
*
1.7k for 675sqft
papadon
post Jun 4 2018, 01:16 PM

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QUOTE(icemanfx @ Jun 3 2018, 05:14 PM)
Provided one has cash flow to sustain. If one has cash flow for extended periods, there are better investment options available.
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keen to learn more - what other investment options?
i've a mix now - money market(mutual funds, reit), property, gold bars etc.
SUSMNet
post Jun 4 2018, 10:06 PM

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QUOTE(papadon @ Jun 4 2018, 01:15 PM)
1.7k for 675sqft
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u rent to local or who?
AskarPerang
post Jun 4 2018, 10:38 PM

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QUOTE(papadon @ Jun 4 2018, 01:15 PM)
1.7k for 675sqft
*
Assuming you bought the unit at 550k. (but in actual fact of course is higher than that like launching at 1000 per sqft right?)
Rental 1700.
Yield at 3.7%


Takuro82
post Jun 4 2018, 11:29 PM

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Tower 2 not up to 1000 psft i guess. Slightly lower than 900 psft. Currently best performance unit is dual key studio unit. Can get 1300-1600 depending on the furnishing. So both unit rent out can get 2600-3000+
papadon
post Jun 5 2018, 03:11 PM

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QUOTE(AskarPerang @ Jun 4 2018, 10:38 PM)
Assuming you bought the unit at 550k. (but in actual fact of course is higher than that like launching at 1000 per sqft right?)
Rental 1700.
Yield at 3.7%
*
bought for 859/sqft and it's semi-furnished. btw, that's not the best way to calculate yield. yield should be income/cost.
papadon
post Jun 5 2018, 03:11 PM

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QUOTE(MNet @ Jun 4 2018, 10:06 PM)
u rent to local or who?
*
local
King Gor
post Jun 5 2018, 04:47 PM

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QUOTE(Takuro82 @ Jun 4 2018, 11:29 PM)
Tower 2 not up to 1000 psft i guess. Slightly lower than 900 psft. Currently best performance unit is dual key studio unit. Can get 1300-1600 depending on the furnishing. So both unit rent out can get 2600-3000+
*
Duplex unit can get good rental?
Takuro82
post Jun 5 2018, 07:18 PM

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QUOTE(King Gor @ Jun 5 2018, 03:47 PM)
Duplex unit can get good rental?
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At this moment also if can get RM3psf consider good offer..

Now less shops and amenities. Just hope when the occupancy rate increase will help to get in more shop and office.
King Gor
post Jun 7 2018, 11:08 AM

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QUOTE(Takuro82 @ Jun 5 2018, 07:18 PM)
At this moment also if can get RM3psf consider good offer..

Now less shops and amenities. Just hope when the occupancy rate increase will help to get in more shop and office.
*
3psf not bad, paradigm mall just nearby quite convenient
AskarPerang
post Jun 8 2018, 11:32 PM

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QUOTE(Takuro82 @ Jun 4 2018, 11:29 PM)
Tower 2 not up to 1000 psft i guess. Slightly lower than 900 psft. Currently best performance unit is dual key studio unit. Can get 1300-1600 depending on the furnishing. So both unit rent out can get 2600-3000+
*
Can get at below 800 psf in lelong. Brand new condition unit. Owner seems to be MIA.
But being realistic, i expect need another 2 price drop more then only will have bidder at 450k.

Residence occupancy is not picking as well. Shoplots is total dead.

T2-19-07, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM550,000🔥🔥
708 sqft
Auction: 14-Jul-2018 (Sat)

» Click to show Spoiler - click again to hide... «


I do agree that the dual key unit is the best investment unit here. But i see there is only 1 type of dual studio unit in the entire tower 1 and 2 layout.
Must be very very limited edition.
Takuro82
post Jun 9 2018, 08:06 PM

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QUOTE(AskarPerang @ Jun 8 2018, 10:32 PM)
Can get at below 800 psf in lelong. Brand new condition unit. Owner seems to be MIA.
But being realistic, i expect need another 2 price drop more then only will have bidder at 450k.

Residence occupancy is not picking as well. Shoplots is total dead.

T2-19-07, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM550,000🔥🔥
708 sqft
Auction: 14-Jul-2018 (Sat)

» Click to show Spoiler - click again to hide... «


I do agree that the dual key unit is the best investment unit here. But i see there is only 1 type of dual studio unit in the entire tower 1 and 2 layout.
Must be very very limited edition.
*
There are 2 dual key layout at T2. One more dual key is 2 BR attached with Studio. But the best one is 2 unit studio unit. I think mainly due to around this area people only expect to pay around 1000+ - 2000 only. So Studio best fit this group of people budget. 2BR has no choice to match this range of budget too
AskarPerang
post Jun 25 2018, 04:11 PM

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Another lelong unit drop below 600k. Same size and layout as above. Can wait drop price another round.

T2-16-03, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM594,000🔥🔥
708 sqft
Auction: 14-Jul-2018 (Sat)
zenix
post Jun 25 2018, 04:18 PM

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QUOTE(AskarPerang @ Jun 25 2018, 04:11 PM)
Another lelong unit drop below 600k. Same size and layout as above. Can wait drop price another round.

T2-16-03, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM594,000🔥🔥
708 sqft
Auction: 14-Jul-2018 (Sat)
*
Dual key studio?
AskarPerang
post Jun 25 2018, 04:29 PM

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QUOTE(zenix @ Jun 25 2018, 04:18 PM)
Dual key studio?
*
Nope layout as posted above. 708sqft is 2 bedroom unit.
zenix
post Jun 25 2018, 04:41 PM

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QUOTE(AskarPerang @ Jun 25 2018, 04:29 PM)
Nope layout as posted above. 708sqft is 2 bedroom unit.
*
Corner?
Takuro82
post Jun 25 2018, 10:18 PM

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QUOTE(zenix @ Jun 25 2018, 03:41 PM)
Corner?
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Corner unit at end corridor facing Tower 1 and Central Park view

This post has been edited by Takuro82: Jun 25 2018, 10:18 PM
zenix
post Jun 27 2018, 11:21 AM

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QUOTE(Takuro82 @ Jun 25 2018, 10:18 PM)
Corner unit at end corridor facing Tower 1 and Central Park view
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You know it well
PM me your unit number
AskarPerang
post Jul 15 2018, 06:42 PM

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QUOTE(AskarPerang @ Jun 8 2018, 11:32 PM)
Can get at below 800 psf in lelong. Brand new condition unit. Owner seems to be MIA.
But being realistic, i expect need another 2 price drop more then only will have bidder at 450k.

Residence occupancy is not picking as well. Shoplots is total dead.

T2-19-07, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM550,000🔥🔥
708 sqft
Auction: 14-Jul-2018 (Sat)

» Click to show Spoiler - click again to hide... «


I do agree that the dual key unit is the best investment unit here. But i see there is only 1 type of dual studio unit in the entire tower 1 and 2 layout.
Must be very very limited edition.
*
No taker this unit yet again. Below 500k now.

T2-19-07, Pusat Perdagangan Icon City
Reserve price 🔥🔥RM495,000🔥🔥
708 sqft
Auction: 06-Aug-2018 (Mon)

This post has been edited by AskarPerang: Jul 24 2018, 11:21 PM
Takuro82
post Jul 16 2018, 12:15 AM

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