There are a few other integrated developments that were launched around the same time back in 2010-2011 together with this development, namely :-

1. Sunway Velocity, launched April 2011. Velocity Shopping opened December 2016.

2. Uptown Residences, launched end of 2011. Stirling Mall opened January 2017.

Why the other developers can deliver on their malls despite the challenging market?

Whether there are too many malls in KV, is a separate issue. The point here is developer promised a mall when they were selling the overpriced products (which were overpriced to fund their cash flow to build the mall), but failed to deliver on time.

Argument that the apartments/offices may not necessarily do well even with the presence of the mall, is again a separate issue.

Its like you invest in Bandar Malaysia because of the HSR, and after VP, you are told that it is still in planning stage......enough said.

We were based here at Icon City for a few months and based on our conversations with the many buyers they bought in the property here due to the connectivity and infrastructure (the many access ramps) and the concepts such as the Gourmet Street stratified retail lots (which is not a mall) and the urban park. Many prospect tenants would love to see the park as the other side offers less desirable view or highway. A well known property guru almost bought into the Gourmet Street too.

In fact some didn't even know there was a shopping mall here, unless perhaps the much much later buyers.

In terms of pricing, I feel that it's on the high side judging by the surrounding demographics and the location itself. There are many other issues pertaining to the infrastructure of the roads too (not all ramps will be done in Phase 1). It is also not easily "connected" to Bandar Sunway, if that would happen, then we would have many student prospect tenants.

We have assisted to close a few rental deals here but due to our internal issues I am no longer able to continue my business here.

I said "not easily connected" to Bandar Sunway... Icon City cannot tap into Bandar Sunway rental market. As you come out to LDP... the traffic flow direction is not good.

Yet another office unit fall below 400k. Commercial loan.

T3A-10-17, Pusat Perdagangan Icon City
Reserve price: 🔥🔥RM 373,980🔥🔥
745 sqft (duplex)
Leasehold until 2113
Auction :  24-Nov-2018 (Sat)

Why do people still trust Mah Sing when they went from this



to this?



Takes "subject to change" clause to a whole new level.

*Photos not mine*

I'm quite curious, after all these years. i wonder why this project is still not showing any signs of growth.

And given the current situation with Icon City, why are they still building Onyx right next to it? is the project confirmed?

I would say at least work on developing the property value in existing Icon City no? Seems like a ghost town there. If it turns into another scotts garden its gonna be damn stupid. At least if they work on improving Icon City first they could fetch big bucks for Onyx no? just my two cents.