Lease until 2074 yet selling so expensive and current design is not as per initial design. no wonder people call them TMS

This post has been edited by AMINT: Nov 9 2012, 11:24 PM

If ever turn out to be another icon res..ms will be less gungho in launching

sales update?

still, 413K for a pigeon hole (mind u it is without car park)...car park costs another rm38k...wonder who's gonna rent for such a price? rental must be ard RM2.5 k to cover loan. subsale price...also i wonder who would buy if managed to purchase a unit there...

This post has been edited by VENETIAN: Nov 15 2012, 02:09 PM

they buy first find answer later...lol!


looking at what some almost dead malls would do...worst case is rent out to vice activities like kinky massage or hourly room hotel, or put 20 foreign workers in 1 unit...sure can cover loan...

end of day, people just want back their money..

IMHO, The Icon City PJ has indifferent game modul against any other pigeon hole dev of condo or service apartment which almost or match its price tag such as Ara Green, Verde, Nova Saujana, Isola, USJ 1 multi projects, Dorsett place or we may included Sunway South Quay or upcoming DK City at Sunway.

Same as the latters, The Icon sold at very expensive at RM 1,000 psf circa and indeed, I personally rate it very risky given such overprice at such location, but anyhow, a good location compare any others above in terms of commercial urban.

The tenants pull by TMS could be very crucial after 4 years completion and it they overcome this critical issue, the ultimate would be there to eclipse more potential visitors of Empire Subang and even MV.

I very impressed with the Icon City new accessibility where we can entry & exit from almost any traffic flow from Federal and LDP, into the commercial hub and separate traffic to the residence buildings.

Let's see whether TMS able to overcome this and they are bullish enough to pull some major anchor tenants to here. If they did, Soho or Studio of Sunway South Quay, Empire Subang would be in critical mass, not to mention Dorsett Subang or DK City, which would even fast forgotten.

Yup Icon City new accessibility is the make or break part...

Tropicana City Mall would've died if they didn't do the accessibility upgrades...

for own stay, it think it would be fabulous...but in terms of rental, kinda risky at that price

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Added on November 15, 2012, 2:50 pm good idea

This post has been edited by VENETIAN: Nov 15 2012, 02:50 PM

This project is too over priced. No way can make money.

This post has been edited by worgen: Nov 15 2012, 04:13 PM

Only developer Make money

What;s TMS???

Txx Mah Sing... 18xx ...
small kid better dun learn (not saying u small kid la)

haha..i got it - T*U!

Few years back tropicana suite sell at 200k++ ppl also say crazy because can getba decent size cond at ss2 area oledy, but now the tropicana suite orice double up at 400k oledy....not mean that the icon city suite is sure making money, but there is possibility there, provided the commercial is succesful at icon city....who knows become another landmark project at PJ? Just like mid valley...who knows...

Btw for those talking about Icon City and its mall...


Greater KL may be building another 60 shopping malls.... here are what could be our upcoming big malls.

1. IOI City Mall, Putrajaya 2,000,000 sq ft
2. KL Metropolis Matrade Retail 1 1,400,000 sq ft
3. Boustead Retail Cochrane 1,200,000 sq ft
4. Empire City Thematic Malls 1,000,000 sq ft
5. i-City Mall (with Central Group) 1,000,000 sq ft
6. The Paradigm OUG Shopping Centre 1,000,000 sq ft
7. Jalil City Mall 1,000,000 sq ft
8. Tropicana Metropark Mall 1,000,000 sq ft
9. Tropicana Gardens Mall 1,000,000 sq ft
10. Icon City PJ Shopping Mall 1,000,000 sq ft
11. Sunway Velocity Lifestyle Mall 850,000 sq ft
12. Quill 15 Shopping Centre 763,725 sq ft


other smaller ones will be revealed later...

This post has been edited by accetera: Nov 16 2012, 12:54 AM

seems like cannot compare with those days anymore where klang valley only has few megamalls like mid valley...nowadays megamalls cater to those residents living nearby

This post has been edited by VENETIAN: Nov 18 2012, 07:21 AM

This one too expensive. No room for appreciation. They are selling at future price.

This icon city is doomed to fail....tms is too greedy!

How many units of Icon city sold?

The sales not encouraging as i know. Many drop out whn gomen announced 70% LTV. Correct me if i m wrong.
Jz not doable for investment at this crazy price.