the price is insane...

can afford but just don't want to pay the insane price...

This post has been edited by GlobalKL: Sep 25 2011, 06:57 PM

well, you can convert another bedroom become bathroom...

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Added on September 25, 2011, 7:07 pmat a glance, around 38% sold...follow MK Icon fate?


This post has been edited by GlobalKL: Sep 25 2011, 07:07 PM

look like senior citizens also whack this Icon...whack studio? Probably good for retirement use later.

Alot of youngster also , 70% youngster n mid , 30% Old folk

My friend book the last unit of the small unit

All below 23 flr all sold

This post has been edited by samngcheesan: Sep 25 2011, 08:10 PM

At this price TMS can sell 38% within 2 days is a damn good achievement.

Yup around 2pm today, car park almost FULL n surprise with the selling speed.

With this as a benchmark for condo prices in PJ area, past launching prices for Glomac Damansara and 5 Stones (both by decent developers) looks cheap now, not sure if still got unsold units from developers.

I think the key selling point for Icon is minimal outlay and interest servicing and repayment obligation only come in 4 years' times. Guess many buyers are thinking of commit now worry later........

I might be wrong becoz I am not an avid investor. But the key to investment in pigeon holes like these are always location, location & location.

This project is situated just next to Federal Highway & LDP. If it's in Kelana jaya, Sunway or even Subang Jaya, then RM900 plus /sq ft is considered cut throat pricing. Anyway let's rewind back to 3 years ago. Most of the properties , not to mention Landed but condominiums & service apartment in Klang Valley has appreciated dramatically. Now it might seems to be Wow, soooo expensive. If the property price trending is going upward then the 900+ / sq ft is no long perceived as expensive anymore. Furthermore, now we are talking about RM900+ /sq ft for a 4 years later property so we can't compare with existing ready properties.

Besides, this project involves a shopping mall, hotels & others. According to salesperson, its concept is more or less like Mid Valley. Well, I don't know how true.

About the 3K plus rental return per month, honestly I am a bit pessimistic that it can fetch up to there. Maybe RM2K + maybe. So, I was thinking of keeping it for say another 1.5 to 2 years after completion then dispose it off.

Just my 2 cents in investment no offends please

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Added on September 25, 2011, 10:35 pmYeah, at least they got me. Minimal outlay. If 90% MOF can be obtained. Roughly RM30K investment for a one bedder then no other investment needed until 4 years later.

4 years later, we don't know or can't predict what will the price point be for a piece of property in such location.


This post has been edited by Han Soloman: Sep 25 2011, 10:35 PM

You are right.. disposing it is a better option rather than getting low rental and bleed in cashflow..
but who are you selling to? home stayer or another investor?
So another investor will buy it and bleed more cash??
Or there is a new trending that ppl buy expensive pigeon hole for own stay??

Good questions asked and everyone here has different views, opinion and at least something to share.

My thinking is people nowadays adopt a "live life to the fullest" sort of lifestyle where middle & high income earners are staying single even up to theirs 40s. Chances are there are many who wish to live in service apartments where everything from work, eat, shopping, entertainments & clubbing within the same premise.

Its not that staying in expensive pigeon hole will be a new trend but chances are they have to find larger condos elsewhere becoz prime locations are getting more & more expensive. Developers are getting wiser & more Jewish oriented.

Your question of to whom I am selling. ? Come on bro, if Mah Sing can sell all single bedders in 2 Days. Who do you think will buy?

Just my 2 cents. No offense plz.

I dont know who are those buyers.. maybe those who share the same thought as you..
Very niche market and these sort of property is everywhere...

Anyway.. appreciate your insight...

The swimming pool hang in the 33a flr nice?

And some ppl said bubbles might be coming ...

Commitment free within 4 years... and yes, worry later...
Just hope the economy on full swing after 4 years...
one has to prepare enough holding power in order to withstand any uncertainty after 4 years..

Observation here

First initial illustration differs a lot from current launch

Next, what about current illustration against actual product?

Food for thought only

It is funny that most people are very pesismistic about what will the economy be in 3, 4 yrs time..

I m not sure either but for ur investment to make it has to be logical..
There r way to many highrise and pigeon holes now and for years to come..even if the economy is doing fine in 4 yrs time ur type of investment might not be right

tms keep on launching similar concept products is a sign of overuse and oversupply AND
the saying of our development will be like midvalley or Giza that kind of statment is a crap!

Cants even think of any tms succesful commercial till date.

My conclusion is for this sort of investment at best u might just cover ur investment cost... SO what's the point?

wow the price indicator for each unit is the future price.
Just for thought .. How much appreciate can you aspect to sell after499k for small unit.
And the land is not residential land. it could be industrial land or commercial land .


Are you sure the 38 % are sold out .Sometimes the developer trick us that some many people are buying.
I got trick several times in this klang valley new development.

I am not against this project but merely giving my point view that developer are simply jacking up the price and we buyer just accept it.

there's a portion of land in the future Phase 2 of Icon City that might include a hotel.... hopefully an international brand as this is really lacking in PJ area....

FYI, Klang Valley isn't the only place overbuilding... the same goes to all other cities in our neighbouring countries. In fact, KL is considered slow already compared to Singapore (even more slow compared to Bangkok, Jakarta, Makati, Ho Chi Minh, Hanoi, Surabaya but these cities have huge population), given Klang Valley population is gonna be twice the size of SIngapore.

SO at the end of the day, given rising income and affluence of the people, the property market will trend upwards, with of course some little downs (correction). I see in the coming future, middle class Malays will move the market as their population is bigger than the middle class Chinese today.

This post has been edited by accetera: Sep 26 2011, 10:34 AM