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

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TSaccetera
post Aug 11 2010, 11:32 PM

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QUOTE(GangHo @ Aug 11 2010, 11:23 PM)
Alright! Thank you very much.

I thought it would be on an empty land.

This location is much better and the land is also bigger.
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The site now looks like juz kena atomic bomb.....

Site clearing is in progress and is due to be completed by Oct 2010. MS is planning this project early 2011.
preliew
post Aug 11 2010, 11:37 PM

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ya....passby there everyday, mah sing is demolish the factory there...

if this icon city can make it, will the nearvy new condo Park 51 price will increase too??
GangHo
post Aug 11 2010, 11:40 PM

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QUOTE(accetera @ Aug 12 2010, 12:32 AM)
The site now looks like juz kena atomic bomb.....

Site clearing is in progress and is due to be completed by Oct 2010. MS is planning this project early 2011.
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Any latest update on the offer by the developer?

Since it is mixed development in a ex-factory, most probably the title is still commerical title? and therefore, the residential development would be service apartment?


cranx
post Aug 12 2010, 12:36 AM

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QUOTE(preliew @ Aug 11 2010, 11:08 PM)
bro, u capture the wrong location, the location is at the junction of the LDP and federal highway, formerly this land is mashushita factory....

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surrounded by housing and factories.
any idea on the launching date?
TSaccetera
post Aug 12 2010, 10:29 AM

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the title initially was industrial... i think MS changed it to commercial.... just like alot of land in Section 13 (BAT cigarette factory area) gonna be like dat...... btw Section 13/14 aso alot of new stuffs coming up in a few years time..........
icez
post Aug 12 2010, 02:53 PM

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It seems like Mah Sing via it's subsidaries are kick start many projects in 2010, 2011. I fear for projects like this that's built (planned) on commercial land. If the company would end up in any trouble, buyers wouldn't be well protected as they would with a residential title.
GangHo
post Aug 12 2010, 03:23 PM

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QUOTE(icez @ Aug 12 2010, 03:53 PM)
It seems like Mah Sing via it's subsidaries are kick start many projects in 2010, 2011. I fear for projects like this that's built (planned) on commercial land. If the company would end up in any trouble, buyers wouldn't be well protected as they would with a residential title.
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MS current market capitalization is about 1.5B and they have recently announced that they aim to increase the market capitalization to 5B within 5 years.

They would need to launch a fair bit of property to the market couple with other income that they might have.

Cashflow, phases development and marketing would need to be planned properly.

_________________________________________________________________________________________________________-

Addition to that, any GOOD forum that have addressed the issue of

Residential development in "BUILDING LAND, Commercial Title"? or is this equivalent to

Service Apartment in "BUILDING LAND, Commercial title"?

I have read that service apartment developed under "BUILDING LAND,commercial title" is not protected under the housing act.

There are also people that says, there has already amendment in the law that has addressed this issue.

What is the fact?


keithcky
post Aug 13 2010, 01:08 PM

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QUOTE(icez @ Aug 12 2010, 02:53 PM)
It seems like Mah Sing via it's subsidaries are kick start many projects in 2010, 2011. I fear for projects like this that's built (planned) on commercial land. If the company would end up in any trouble, buyers wouldn't be well protected as they would with a residential title.
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SERVICE APARTMENTS ARE GOVERN BY HDA. PLS DO ENOUGH RESEARCH BEFORE SAID, IT COULD GIVE OTHERS COSTLY WRONG INFO.
TSaccetera
post Aug 13 2010, 02:24 PM

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To all for clarification...

As of 2010, most serviced apartments are now governed by HDA under the new coverage of standard Schedule H of the SPA. Please check the specific project SPA before you sign.

However, I'm not sure of SOHO. Please check the latest amendment.

I hope property buyers do not just rely on what we discuss here because sometimes we input hearsay only hahaha. I also understand that more property launches are coming soon all the way till next year.

This post has been edited by accetera: Aug 13 2010, 02:26 PM
eugene jk
post Aug 13 2010, 02:35 PM

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QUOTE(accetera @ Aug 13 2010, 02:24 PM)
To all for clarification...

As of 2010, most serviced apartments are now governed by HDA under the new coverage of standard Schedule H of the SPA. Please check the specific project SPA before you sign.

However, I'm not sure of SOHO. Please check the latest amendment.

I hope property buyers do not just rely on what we discuss here because sometimes we input hearsay only hahaha. I also understand that more property launches are coming soon all the way till next year.
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Correction..... as of 2007...
Jat_Underground
post Aug 15 2010, 12:22 AM

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Waaa...very nice!!!
TSaccetera
post Aug 19 2010, 10:52 PM

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after passing by the site, i'm starting to be pessimistic
babana
post Aug 19 2010, 11:18 PM

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QUOTE(accetera @ Aug 19 2010, 10:52 PM)
after passing by the site, i'm starting to be pessimistic
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accetera, mind telling us y u think so? pessimistic in terms of launching date, pricing, ability by mahsing to execute as per renderings or...?? hmm.gif
GangHo
post Aug 21 2010, 08:37 PM

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QUOTE(accetera @ Aug 19 2010, 11:52 PM)
after passing by the site, i'm starting to be pessimistic
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It will be good if someone can post a photo of the current site condition.
TSaccetera
post Aug 21 2010, 10:19 PM

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QUOTE(babana @ Aug 19 2010, 11:18 PM)
accetera, mind telling us y u think so? pessimistic in terms of launching date, pricing, ability by mahsing to execute as per renderings or...??  hmm.gif
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combination of factors.... i'm not sure if the developer already have approval for that design for that size.....



Source: TheStar back in June 2010
user posted image
user posted image

This post has been edited by accetera: Aug 21 2010, 10:22 PM
GangHo
post Aug 22 2010, 12:39 PM

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QUOTE(accetera @ Aug 21 2010, 11:19 PM)
combination of factors.... i'm not sure if the developer already have approval for that design for that size.....
Source: TheStar back in June 2010
user posted image
user posted image
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Thanks accetera for the photo.

When you say "approval for that design for that size", you mean the size is too big?
skng03
post Aug 22 2010, 01:12 PM

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QUOTE(GangHo @ Aug 21 2010, 08:37 PM)
It will be good if someone can post a photo of the current site condition.
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pass by 18/8/2010

Attached Image

Attached Image
JamesPond
post Aug 22 2010, 03:17 PM

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another bad land location from mah sing.
superb design in a isolated land.

GangHo
post Aug 22 2010, 04:28 PM

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QUOTE(JamesPond @ Aug 22 2010, 04:17 PM)
another bad land location from mah sing.
superb design in a isolated land.
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Kind of having different opinion about the land.

It's indeed one of the most sought after location in a well developed neighbourhood in KL and mah sing has paid a premium for this land. Not talking about cost needs to be spent to demolish the existing buildings and infrastructures.

The surroudning roads and infrastructures are ever ready and also the catchment to do any business.

Accessibility is also not an issue minus the traffic jam.

And that is the only major problem. This land is unfortunately sandwished between two of the most busiest streets in Klang valley.

As Mah Sing reveals their master plan, we would know then how they intend to solve this issue.
cranx
post Aug 22 2010, 11:27 PM

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QUOTE(GangHo @ Aug 22 2010, 04:28 PM)
Kind of having different opinion about the land.

It's indeed one of the most sought after location in a well developed neighbourhood in KL and mah sing has paid a premium for this land. Not talking about cost needs to be spent to demolish the existing buildings and infrastructures.

The surroudning roads and infrastructures are ever ready and also the catchment to do any business.

Accessibility is also not an issue minus the traffic jam.

And that is the only major problem. This land is unfortunately sandwished between two of the most busiest streets in Klang valley.

As Mah Sing reveals their master plan, we would know then how they intend to solve this issue.
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I agree, location is quite convenient. though from the artist impression, it looks like Icon City will be sitting on a hill.
Are they going to elevate the land, man-made hill?

will definitely keep an eye on this, it will be a great investment should this become another mid-valley.

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