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Investment ICON CITY PJ | NEON | I-SOVO | ICON RESIDENZ [OT], A world class urban centre for you

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Maneki-neko
post Aug 14 2014, 04:17 PM

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QUOTE(accetera @ Aug 6 2014, 10:58 AM)
They don't simply buy malls unless developer tailor-made the malls to their needs and requirements.

After Sg Wang Plaza lessons, their strategy: most of their new malls are standalone building on its own and have its own setback to ensure 100% strata management belongs to Capitamalls. As such Tropicana City Mall will have problem too.

And not all developers want to sell also.
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jia lat.... Heard that MS is facing tied cash-flow too as several projects do not sell well. That's also partly because their plan was to attract the foreign purchaser before the gov announced to set the bar >= RM 1 mil. Now M-city is this icon city kena kao kao...
Maneki-neko
post Aug 15 2014, 11:48 PM

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QUOTE(jucl @ Aug 15 2014, 02:57 PM)
But did u guys notice most of ms advertistment does not include Icon City. Everytime they advertise sure got Mcity, Icon residence, garden residence, southville and lately lakevilles but not Icon City.  Wandering why this is missing from the radar. The last time I saw the sale chart, they only manage to sell 75% . Not sure what is the current status...
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Ya, none of their projects are selling well. One thing for sure is that MS don't really put 100% focus on getting one project successful. If icon city is claimed to be the signature project for MS, why they don't allocate more resources to make it a very successful one in KV??
Maneki-neko
post Aug 16 2014, 12:18 AM

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QUOTE(bigman @ Aug 16 2014, 12:06 AM)
they also din put southgate.. hmm.gif
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Ya, MS only knows how to build things but weak in maintaining n enhancing the commercial buildings. Even UOA is doing much better than MS. Look at today's Bangsar South, it attracts many MNCs to setup their offices there. UOA put in so many resources into this Bangsar South project, making it the icon in Klang Valley.
Maneki-neko
post Aug 16 2014, 04:16 PM

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QUOTE(bigman @ Aug 16 2014, 10:22 AM)
agree... rclxms.gif

but just thinking UAO at Bangsar South is success...other projects just so so only...but anyway...market know...UAO is good in building of offices...
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Ya, at least UOA is famous for its commercial development such as office towers. What does MS famous in? That's what I'm saying that specialization n focus are important. Another 2 good examples are Midvalley city by IGB, n Sunway city by Sunway Group. Both developers put in lotsa resources focusing on developing the 'city' since day one, n keep enhancing the 'city' till present. UOA knows what's their strength, that's why we can see almost 70% of the development r office buildings, some more applied n got the MSC status, in order to attract the MNCs to setup offices there.

So dear Mah Sing group, what's your strength? N what does it make a difference between Icon City n the rest?
Maneki-neko
post Aug 16 2014, 06:20 PM

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QUOTE(CMW123 @ Aug 16 2014, 05:04 PM)
MS strategy is to generate maximum profit by fast turnover with average workmanship n jumping fast from 1 project to quickly to a new one if they can hit high sales n aggressively replenishing land bank

Nurturing, breast feeding n spoon feeding to develop n grow a mall seems to be not in line with the strategy

Agree or disagree?
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Well, MS must identify a unique selling point n inject it into this Icon City. Nowadays everywhere also got malls, why not MS think of turning icon city into an international food n beverage hot spot?? Hire a capable leasing manager, get him/her go bring in the best food n beverage operators? After all, everyone likes to spend money just to get nice food. It will sure add value. Just my 2 cents worth. cool2.gif
Maneki-neko
post Aug 28 2014, 07:03 PM

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QUOTE(littlewing @ Aug 28 2014, 06:45 PM)
What is this la? Looks interesting
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Wow! Too bad I'm not around in KL. Guess MS has renovated the sales gallery cool2.gif
Maneki-neko
post Aug 29 2014, 06:54 AM

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QUOTE(tigerk @ Aug 28 2014, 11:46 PM)
Foreigner can still buy RM500k in selangor , govt announced 1million but every state has not implemented. ..

Only KL , JB , Putrajaya are 1 Million.
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Oh? Really?? hmm.gif
Maneki-neko
post Aug 29 2014, 07:06 AM

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QUOTE(jucl @ Aug 28 2014, 08:07 PM)
I heard they rebrand their icon city in preparation for next phase...probably phase 2 in preparation? Lets see what is all abt...
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Rebrand? Live learn work play? laugh.gif
Maneki-neko
post Aug 29 2014, 07:07 AM

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QUOTE(littlewing @ Aug 28 2014, 09:37 PM)
In what way are their windows cool?
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Every window is an icon tongue.gif
Maneki-neko
post Aug 31 2014, 09:25 AM

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QUOTE(ky hee @ Aug 31 2014, 09:10 AM)
Anybody visiting icon sales galerry today? Wat r ter doing or promote today?
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Any pictures of the new sales gallery? Are they hiring any leng luis for today's event ?? brows.gif

Maneki-neko
post Aug 31 2014, 02:26 PM

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QUOTE(CMW123 @ Aug 31 2014, 12:50 PM)
But they are not selling cheap wor...
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All the developments by any top 10 developers don't sell cheap, I guess cool2.gif
Maneki-neko
post Aug 31 2014, 02:28 PM

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QUOTE(CMW123 @ Aug 31 2014, 12:52 PM)
Anyone went for the unveiling of the new iconic look of the Icon City?
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Ya, anyone dropped by today? Got 9000 guests?
Maneki-neko
post Sep 7 2014, 08:19 AM

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QUOTE(Chris Chew @ Sep 6 2014, 11:18 PM)
Wahh. That means 5 years. Lucky most purchasers got DIBS.
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Then can skip RPGT lo? laugh.gif
Maneki-neko
post Sep 7 2014, 08:21 AM

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QUOTE(tikaram @ Sep 6 2014, 08:20 PM)
Good event @ Icon.

only me visted?

thumbs up.
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Checked their icon city website there's no change at all. What are the changes at the sales gallery? Did they promise when will they start building the access from the federal highway?

Maneki-neko
post Sep 7 2014, 08:37 AM

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QUOTE(PeriPeri2014 @ Sep 7 2014, 08:27 AM)
This week new launching again?? Business no good, they keep doing lauching.......why don't they trow price?? 
smile.gif smile.gif
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Guess they will factor all the marketing cost to the newly launched phase 2 cool2.gif
Maneki-neko
post Sep 7 2014, 08:49 AM

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QUOTE(PeriPeri2014 @ Sep 7 2014, 08:44 AM)
market getting slow until years 2020 ........ cool2.gif  cool2.gif
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Think market slows down till next year, and may go up dramatically in 2017. This is what a regional seasoned investor shared with me. Anyway, we shall see brows.gif
Maneki-neko
post Sep 7 2014, 08:56 PM

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QUOTE(jucl @ Sep 7 2014, 08:23 PM)
Looking at the masterplan apart from the ramp connecting ldp and federal highway, ms will also build an underground tunnel and pedestrian bridge connecting Icon City with komuter station.
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Underground tunnel?? Connecting LDP to the car park?
Maneki-neko
post Sep 7 2014, 08:58 PM

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QUOTE(PeriPeri2014 @ Sep 7 2014, 09:10 AM)
u sure?? 2017??
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Not sure. Only god knows...
Maneki-neko
post Sep 9 2014, 08:32 PM

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QUOTE(bigman @ Sep 9 2014, 10:47 AM)
if buy for own stay is ok...

but MS untill today din have any successful commercial development to show... still doubt about their ability to manage the big commercial or shopping mall... their normal pratice is to sell fast n get money or profit in order for them to run for another projects.... really China-man business minded... sweat.gif

some more ...Icon need to compete with other developemts nearby...Midvalley, EcoCity, Paradigm mall, Sunway Pryramid, Sunway Geo, I-City, Tropicana Metropark, Uptown, F&N...etc...hmm ..chance for them to be great project is very tiny....mayb just 10%....to be average commercial area very high chance...so need to see wat can MS manangement can do about it... hmm.gif

based on their past projects n practice....after completion of this project...they will just cabut ....just left the buyers n investors to run the business...Good luck to all... smile.gif
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U are right! MS dun really believe in sustainability (though they claim that they do). Good example is the Gourmet Street n The Jewel shop lots, where they are for sale, not for lease. In that case, the owner can do any kinda business without any restriction.
Maneki-neko
post Sep 9 2014, 08:35 PM

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QUOTE(tikaram @ Sep 8 2014, 10:57 PM)
your info is wrong,

I don't usually share out my own data. but  can make it special la.

Icon city launching jul 11 is start 775psf, latest launch 1077psf

Infinity tower jun 12 787psf,

paradigm residences oct 13,  1000psf

icon_rolleyes.gif
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Latest launch for Creative Tower is priced at RM 1077 psf??

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