Btw for prospect buyers, please ask those agents how much the commission they earn from TMS for keep pushing their product... your jaw may drop....

spend so much money to rebrand, might as well put more focus on getting this icon city up and running.

yes agree, make icon city a landmark is self justifiable on their MS brand...people wont but because of their logo, people buy based on their reputation and pass developments....

am not sure what money spending group that this icon city is targeting for their retails.....

secret recipe seems to open everywhere....

but they never managed to attract my attention to dine in....

these days I also don't go to papparich and oldtown lioa...the novelty has worn off

They need to have better plan for the tenant that they going to lure in to the Food Street. Like ASEAN Food Street, where they get in some of the most famous local food restaurant of each ASEAN country into here, then it will be an attraction point for people to come in. If just KFC, McD, Secret, Pizza Hut etc, then it just another normal eatery place

Plenty of so called integrated development where developer will just sell almost everything including retail, and leave all the buyers in a lurch when completed.

What is the point to claim that a development is integrated but the developer is not retaining the retail and spend more money to make the retail a success?
With today's retail market, almost all retailers are looking for capex in order to open in malls that are semi successful, what more in a new unproven mall.

its take time to be successful

MS let the buyer earn all the money.
If MS retain the retail lot, buyer won't have the opportunity to earn money.

The rest of the retail shops are those formerly known as "Gourmet Street" and central park shops with alfresco space. Those are meant for sale as well while the developer leaseback some, or rather most, of the units for their leasing team to work on since the vacant possession. Hopefully the many retail tenants will be confirmed soon and come in.

Thanks for clarifying the 2 phases.

I am actually aware that the mall will be on Phase 2. However, when Phase 1 was marketed, buyers were told that there will be a mall and with the announcement on the cooperation with Thailand’s Central Pattanna Pcl (which happens to be the largest shopping mall operator in Thailand), wouldn't a purchaser back in 2011 had a reasonable expectation that the mall will be opened "not too long" after Phase 1 being delivered?

As Phase 1 was delivered in 2016, a reasonable period for the mall to open would be say, a year or so later.

Now you said it will be "planned 2019 onwards", which could mean that the mall will open 10 years later!?

Questions :-

1. Back in 2011, if a purchaser knew that the mall would only open after 2019, would the purchaser still proceeded to buy his unit?

2. If the answer to Q1 is yes, would the purchaser still agreed to pay the "so-called integrated" development price for their office and/or SOFO units?

I advocate transparency in any marketing activities because we are asked to depart with our hard earned money.

Not really lah. During this 15 years, if rent out, maybe all interest is covered and whatever top up by owner is just capital repayment. So should be ok.

After 15 years, cost of house also double already, your guy really proud to become bank's slave....

while others actually invest properly and exponentially increase their i net worth, some are content to "pay interest". Ah humans.

Thanks MS for narrowing the slip road of federal highway to ldp from 2 lanes to 1 lane

You caused so much more jam....

Good for you
Dunno why this thread is a magnet for MS basher
Wonder why they never go kecoh m city

15 years sell off unlikely to be bank slave.
Let say you take 35 years loan with 4.25%, at the point of 15 years, your interest paid against your loan value is 56%.
And you are renting at 3.8% return per annum with 50% occupancy rate throughout 15 years. (Very pity scenario)
At the end of 15 years, your property appreciate 30% ( 1 year 2%, also very pity scenario)
After sell off your property, you still able to get 1.1% return

Ya... hopefully remain same.. else may getting lower the return..

But thinking on bright side, you will have 17% of your selling price as net profit. (After u paid very high maintenance charge, interest, quit n assess tax, legal document etc), or 26% based on your purchase price.

if your property cost 600k for 600sf unit with 1,900 rental with only 50% occupancy

you will loose around 40k if sell after 15 years with 30% appreciation.

this does not factor in the legal, agent, interest hike, maintenance increase, other cost.

did you go?
seems like big thing until got extra security by way of rela.
if they wash hand they wouldn't bother with the activities last week.

hahaah so many naysayers here..any of you "experts" got units here? kalau tak, diam saja lah

Lol bro.. just calm.. if fine for them to give any opinion. The comment won't stop the development. Inaction will stop. Someone no action, we will make our own destiny.
We will see how far this Icon City can go.
This area transformation is started. Not so soon in next 5 yrs. but definitely look very different in 10 yrs coming down.

I can't comment on this. There are opportunist, short term n long term investor. Depend on their choice. No right or wrong.

But for 1 project to mature, it need long time to get to that stage. Or it may not make it.

But this Icon City location cannot be wrong. And you see Sunway Serene is coming up with Phase 1 also. BRT along Federal Highway also in planning now.. so the potential is there..

From the time u buy until 5-10 yrs, property price will fluctuate. But when everyone also see the potential of that property, they no longer can get back the price you bought at beginning. Of course that also a lot to do on management and development of the property.
Just like when Mid Valley begin. Some may doubt and hold on. Then when everything go on track, they also not afford to buy the property

lol you're pretty lame dude...my unit is rented out since last month and i'm having a good laugh 

me too bro.
got a few query for rent.