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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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jucl
post Jun 23 2013, 02:39 PM

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QUOTE(CMW123 @ Jun 23 2013, 02:32 PM)
Looks like they want to save on cash-flow n only pay the lease extension premium later rather than now
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Can we take their words for granted? What if they decide they don't want to renew their lease and wash hand?
On other hand, they r not sell their hotel and mall, only leasing. Since they own the hotel and mall, it makes more sense for them to renew the lease??
RichMumPoorDad
post Jun 23 2013, 03:20 PM

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QUOTE(CMW123 @ Jun 23 2013, 02:32 PM)
Looks like they want to save on cash-flow n only pay the lease extension premium later rather than now
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Think this is actually better... 2 birds with 1 stone. They keep earning interest in the bank while owner get their property with a fresh leasehold.
RichMumPoorDad
post Jun 23 2013, 03:37 PM

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QUOTE(jucl @ Jun 23 2013, 02:29 PM)
I think when Mah Sing launch their first tower they price it at 1k psf. This 2nd tower price is only 850psf. Difference is that 1st tower come with semi furnish and 2nd tower is bare unit.
Even if u factor in furnishing, mah sing has actually reduce their selling price for 2nd tower.
Wonder what will be the reaction of 1st tower owner?
At 850psf I feel the price now is more reasonable comparing development surronding. Even tropicana garden also price more than 1k psf. Do u think it is worthwhile to consider now?
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Tropicana Metropark at Subang Jaya already going for 800+psf with final masterplan completion in 12-15 years. Compared with this ICon city PJ address, masterplan completion by 2019.. Think it is as good as it gets.
jucl
post Jun 23 2013, 03:58 PM

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QUOTE(RichMumPoorDad @ Jun 23 2013, 03:37 PM)
Tropicana Metropark at Subang Jaya already going for 800+psf with final masterplan completion in 12-15 years. Compared with this ICon city PJ address, masterplan completion by 2019.. Think it is as good as it gets.
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In ur opinion, which masterplan to you think is better? Metropark or Icon. Location wise icon is better but metropark is freehold.

Guess we shud compare the icon with tropicana gardens and definely now icon become value for money. Only thing is tropicana garden have mrt but does additional 300-400psf justify the premium for mrt? Hmmm
RichMumPoorDad
post Jun 23 2013, 05:57 PM

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QUOTE(jucl @ Jun 23 2013, 03:58 PM)
In ur opinion, which masterplan to you think is better? Metropark or Icon. Location wise icon is better but metropark is freehold.

Guess we shud compare the icon with tropicana gardens and definely now icon become value for money. Only thing is tropicana garden have mrt but does additional 300-400psf justify the premium for mrt? Hmmm
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As an armchair commentator, plan for plan, imho metropark may b better as they have hospital, twonhouses and education institution. Others are pretty similar... Residence, hotel, soho, retail and offices. Although both have not reveal much other than the sold or selling phases.

But I think 12_15 years is too far away. The world will change. Needs and demand will change. For better or worst I rather go with a plan I can touch and feel sooner than later.

As for Garden, I don't know enuf of its masterplan. Gardens has star value in MrT though. Many may see it as more than sufficient to strike out icon city. But icon city has better road connection and it is closer to other major towns and city. And look at Singapore... Despite its super efficient public transport, every singaporean dream to have CAR as one of their 5Cs of life. Car will get cheaper as we go along judging by govment election pledge. Also Business travellers don't take mrt to meetings anyway.

As for freehold, I love them but they are really overrated. Nonetheless I seek freehold whenever possible. But I should take in evrything else in consideration.

My 1cents opinion la. Feel free to correct me and put me in the right place hehehe.

CMW123
post Jun 23 2013, 06:44 PM

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What is the size for the dual key unit? Any one has the floor plan?
teddie
post Jun 23 2013, 06:49 PM

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QUOTE(CMW123 @ Jun 23 2013, 06:44 PM)
What is the size for the dual key unit? Any one has the floor plan?
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If not mistaken it is 715 sqr ft. Both units are studio type. Without living room
CMW123
post Jun 23 2013, 07:33 PM

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QUOTE(teddie @ Jun 23 2013, 06:49 PM)
If not mistaken it is 715 sqr ft. Both units are studio type. Without living room
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Like 2 hotel rooms with one common main door n each room RM300k....

Hurray!!!
teddie
post Jun 23 2013, 07:49 PM

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Bangsar south vs icon city, am still dilemma which 1 to go in. Can only afford 1 small unit. I like mah sing design, uoa building is kinda boring to me but location wise I think bangsar south better? hmm.gif
ryanryan
post Jun 23 2013, 10:26 PM

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QUOTE(teddie @ Jun 23 2013, 07:49 PM)
Bangsar south vs icon city, am still dilemma which 1 to go in. Can only afford 1 small unit. I like mah sing design, uoa building is kinda boring to me but location wise I think bangsar south better?  hmm.gif
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U mean Southview Residence at Bangsar South?
teddie
post Jun 23 2013, 10:32 PM

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QUOTE(ryanryan @ Jun 23 2013, 10:26 PM)
U mean Southview Residence at Bangsar South?
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Yea..
RichMumPoorDad
post Jun 24 2013, 08:46 AM

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QUOTE(teddie @ Jun 23 2013, 07:49 PM)
Bangsar south vs icon city, am still dilemma which 1 to go in. Can only afford 1 small unit. I like mah sing design, uoa building is kinda boring to me but location wise I think bangsar south better?  hmm.gif
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I like bangsar south. It sounds rather sexy to me. Probly the bangsar factor. But come completion, there'll be so many highrise developments on it or close to it; pantai sentral, klecocity, park residences, southview, camelia and all her commercial buddies, and some I probly missed out. That kinda even out both ur choices in terms of traffic. But in terms of density of residential... Think bangsar south is more packed, no?
Maneki-neko
post Jun 24 2013, 11:32 AM

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Hi guys! I'm new to this forum biggrin.gif

Went to the show gallery on last weekend and understand that the will be several interchange link directly to icon city from the federal highway. Heard that this interchange project will cost not less than RM300 million. Do you all think Mah Sing has enough cash to build them?

TSaccetera
post Jun 24 2013, 11:48 AM

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QUOTE(Maneki-neko @ Jun 24 2013, 11:32 AM)
Hi guys! I'm new to this forum  biggrin.gif

Went to the show gallery on last weekend and understand that the will be several interchange link directly to icon city from the federal highway. Heard that this interchange project will cost not less than RM300 million. Do you all think Mah Sing has enough cash to build them?
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Do you think Mah Sing is a rich or poor developer?

Anyway such reputable company could easily get bank funding or stake/shareholder funding. No problemo.
jucl
post Jun 26 2013, 10:32 PM

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Hello!!! Hello!!! Why is this thread so quiet? I supposed Icon is mah sing's flagship development. Kind of funny also when I talk to people about the icon, most of them brush me off. I think this project suffered from over price stigma but again, if you look at the latest block launch, the creative tower was only priced at rm 830psf after discount.

Sounds like a bargain if you compare with other similar model development like tropicana garden, ecocity, metropark, gateway, upcoming paradigm residences? Even the tropics at tropicana mall already asking for almost rm 900psf. Can anyone shed some lights here...

Btw they will have mall and hotel in their next phase development. Any idea who is going the anchor tenant and hotel operator. I learned last time they r working with a Thai retailer but it didn't work out. The thai retailer now is signing up with I city mall instead.
TSaccetera
post Jun 26 2013, 10:38 PM

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QUOTE(jucl @ Jun 26 2013, 10:32 PM)
Hello!!! Hello!!! Why is this thread so quiet? I supposed Icon is mah sing's flagship development.  Kind of funny also when I talk to people about the icon, most of them brush me off. I think this project suffered from over price stigma but again, if you look at the latest block launch, the creative tower was only priced at rm 830psf after discount.

Sounds like a bargain if you compare with other similar model development like tropicana garden, ecocity,  metropark, gateway, upcoming paradigm residences? Even the tropics at tropicana mall already asking for almost rm  900psf.  Can anyone shed some lights here...

Btw they will have mall and hotel in their next phase development. Any idea who is going the anchor tenant and hotel operator. I learned last time they r working with a Thai retailer but it didn't work out. The thai retailer now is signing up with I city mall instead.
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Icon City, given its masterplan, now seems good project and not-so-overpriced anymore.

High expectations are on this project as it wll be Mah Sing's flagship.
RichMumPoorDad
post Jun 26 2013, 11:01 PM

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It is hard to keep interest going with this one. I finally decided to cancel my booking and move my interest elsewhere.
jucl
post Jun 26 2013, 11:15 PM

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QUOTE(accetera @ Jun 26 2013, 10:38 PM)
Icon City, given its masterplan, now seems good project and not-so-overpriced anymore.

High expectations are on this project as it wll be Mah Sing's flagship.
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True boss. It's value buy now at rm830psf!
Only concern is whether ah sing able to deliver what they promise in their masterplan.
I bet the 1st tower purchaser must be cursing mah sing " *** ni ah sing" coz they bot at rm 1000psf tongue.gif

The hotel and the mall is very crucial. They need to get the right partner. Other than that beside the leasehold thingy which expiry in less than 70 years, I don't see anything wrong with this development.
AMINT
post Jun 26 2013, 11:21 PM

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QUOTE(jucl @ Jun 26 2013, 11:15 PM)
True boss. It's value buy now at rm830psf!
Only concern is whether ah sing able to deliver what they promise in their masterplan.
I bet the 1st tower purchaser must be cursing mah sing " *** ni ah sing" coz they bot at rm 1000psf tongue.gif

The hotel and the mall is very crucial. They need to get the right partner. Other than that beside the leasehold thingy which expiry in less than 70 years, I don't see anything wrong with this development.
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First time buyer will.surely say: TMS!!! Huhu. Their m city can reduce price or not? I wanna get that if they reduce price like this icon city
jucl
post Jun 26 2013, 11:26 PM

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QUOTE(RichMumPoorDad @ Jun 26 2013, 11:01 PM)
It is hard to keep interest going with this one. I finally decided to cancel my booking and move my interest elsewhere.
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Bro, care to share why you cancel ur booking? Did they refund you ur booking. RM 8k right ? They told me they only keep rm 500 as a processing fees.

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