PM already boss. By the way, if buy via the property investment club got extra discount ah?

I heard fr Mah Sing oso but I tot they blow water. Not sure whether is true o not.

By the way, I receive letter fr Mah Sing that lease has been renewed to 99 years, ending year 2112!

Browse their website but can't find any registration page. Will check with the SA whether can join o not. Anyway thanks!

I didn't realize so many ppl attended. Was there at the gallery in the morning. I asked whether I can join she said its a private function

Anyway the critical success for Icon is the mall and oso hotel. Most unit are sold out including earlier phase, soho, sovo, shop lot and residences except the newly launch Creative Tower 2, sold 70%.

If they can handle this, I'm sure this project is a good one.

Asking price now for bangsar south is RM 6 psf. The projected rental in rm5 psf 3 years in future is doable unless they screw up.

As for the dual key unit, I find it hard to accept the lay out. U got no living hall. I doubt u can rent out at hotel rate on room basis. Otherwise better stay hotel right?

Finger crossed. Hopefully this happen for real!

Small unit only bro. Cannot afford big one..hehehe

To me each development has its pro and cons. Despite many criticizing and arguing, i still rate this as a good buy. Let me share with you my insights as follow and ultimately it is up to each individual's preferences.

Pro's

1. Priced at only RM 830psf. You have edge over 1st tower which was priced at RM 1000psf++ Price for mixed development around the vicinity is definitely much higher. Tropicana Garden RM 1200psf, KL Eco City RM 1400psf, Tropicana Metro Park - 700 - 800psf, Subsales Tropics at Tropicana Mall 800 - 900psf, Icity 500psf??
Bear in mind, I am not saying that Icon itself will stand out tall among others but their asking price is definitely less ambitious, 3 years down the road.

2. Limited units. You have less competition. Total residential unit is only 500+ unit sitting on 20 acres. The rests are hotel, office and retails.

3. Rental target - Can target people from office tower, shopping and retails. For commercial, RM 5psf is doable. Bangsar South already asking RM 6.50psf

4. Mixed development - Hotel in making (4stars) + Office Blocks and Shopping Complex - Phase 2. This allow you to have more room for capital appreciation. Imagine if Mah Sing reverse the sequence buy building Office, Hotel and Shopping Complex first, what do you think is their asking price? Definitely higher than now! By the way, PJ and Subang area is short of 4 stars business hotel.

5. Freebies, 5% discount, DIBS and SPA and also loan agreement is paid.Almost zero entry cost except your 5% down payment! If you consider the freebies and work back, the asking price psf is even lower!

6. Good accessibility with dedicated ramp and underpass. Furthermore Icon sits in intersection of 2 major highway and with seamless access from both LDP and Federal highway, your market catchment is definitely wider and bigger.

7. Icon is Mah Sing's flagship development. With gross development of RM 3.2 bio, they cannot afford to fail. Their HQ will be moved here.

8. Lease has been renewed to 99 years ending 2111. Was confirm in written by Mah Sing.

9. No studio unit. Min size comes with 676sf with 2 rooms. Big Central park with dedicated drop off service.

10. Phase one is sold out except Creative Tower, 70% booked as of last week + some biggies from first tower

Cons

1. Situated next to flats. Though the flats are rumored to be allocated, not written confirmation yet. To me this is less relevant as the development itself is self sustain. Unless one is referring to pocket development, surrounding plays more important roles.

2. Lease hold

3. Unimpressive show unit especially compare to Dijaya!

4. Poor marketing

5. No proven record for retails and hotel as compare to Dijaya and SPS.

Both also got shopping mall. Maybe I-city bigger not sure but Icon city will have approx 1mio sf retails, almost size of paradigm mall.

Creative tower has approx 300 units and if 70% is booked, u still have 90unit available, both 2 n 3 bed rooms.

By the way, I heard rumours they are looking at mrt station line 3 to pass at Icon (petaling Jaya selatan station)

Boss, check this out

I wasn't really considering Geo. I have a feeling it's going to be more expensive therefore ended up here..hehe

Chris kor, I'm only kacang putih compare to you la. You r super taikors among the property sifu la.. Kekeke..

Ceiling height is 10ft clear which is not too bad. Most condo only gives 9ft.
Not sure what is automated disposal system, but my guessing is probably a centralize system where u can throw ur rubbish from ur unit itself. Not need to bring your rubbish to the rubbish room..

Welcome to the club boss! I'm confident this project will turn out to be a good one despite many -ve sentiments. Once the building shape is up itself, people can see for them themselves the how " iconic is the icon"..pardon me for talking big here...kekeke

MS already spent long time on earth work, digging and foundation. Hoepfully after this, the building structure itself shud come out quite fast liao.

You have 14 days before signing. If you need more time, you need to inform them in writting.
Booking fees is 8K and the balance 5% to be settled upon signing S&P.

Dun worry. They will get back to you 1 week after you sign letter offer. No payment risk since this is a dibs project.

Chris kor, pls come n join our club.. We need super taikor like you here! ..mkekeke

Cmon Chris kor, dun be too humble. I know u got many property all over. Not only here, pls also come bek back alam impian! Kekeke

Wah..not bad. I see more and more people reporting in! Welcome.

By the way, any idea when is tower 1 complete? I was told by Mah Sing Creative Tower will complete end 2015- less than 3 years.