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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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icemanfx
post Jul 28 2018, 09:51 AM

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QUOTE(AskarPerang @ Jul 28 2018, 08:44 AM)
For the bottom unit, cheap enough price now or not yet?  hmm.gif
Both 2 bedrooms unit.

user posted image
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For buy to rent investor, yield is not yet attractive to bid.

icemanfx
post Jul 28 2018, 02:11 PM

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QUOTE(Takuro82 @ Jul 28 2018, 09:53 AM)
YIELD HOW many % consider attractive?
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At current loan interest rate and market sentiment, over 5% yield. Again, everyone evaluation and criteria is different.

icemanfx
post Nov 8 2018, 07:13 AM

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Some commercial unit landlords are offering 6 months free rental.

icemanfx
post Nov 10 2018, 02:56 AM

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QUOTE(MNet @ Nov 10 2018, 12:10 AM)
Its a good sign for those early bird to lock in the low entry rental
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Landlord and tenant are on two different sides of the same coin. What is good for tenant may not be good for landlord and vs.

Heard some landlord offer 6 months free rental.

icemanfx
post Jan 8 2019, 02:41 PM

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QUOTE(ameer1988 @ Jan 7 2019, 01:05 PM)
Developing and investing is two different thing altogether.

They develop project based on demand. Irregardless if it is a genuine demand or not, as long there's demand and all unit can be sold.

All the merit are not calculated based on occupancy or market price upon VP.

Most of the merit are given before the project is completed, calculated based on design, flow, green and etc etc.

During the property bullrun 2010-2015, investors flooded the market which created massive demand & developer gives lots of rebates and 0% downpayment to sell projects.

So now, its the after-effect.....

M-Vertica - Still under construction
The Eden - Some phases completed
M-Residence 2 - People complain so far away
Southville - You know, i know.
D'sara Sentral - Almost complete, but the question is will people use MRT after buying an expensive house? If no, then better buy anywhere near within KL.
Icon City - Low occupancy for commercial.

Correct me if im wrong.
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Developer and investors are on different side of the same coin. developer get the first bite of cherry, whatever remaining belongs to investors.

icemanfx
post Jan 11 2019, 12:28 AM

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QUOTE(ck_chew @ Jan 11 2019, 12:05 AM)
Dr. Victor's review from staying in a unit in Icon Residenz 1 in icon city
https://m.facebook.com/story.php?story_fbid...125262448162601
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Probably paid by developer or agent.
icemanfx
post Jan 11 2019, 08:40 PM

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QUOTE(Takuro82 @ Jan 11 2019, 08:16 PM)
I think he is giving his honors review on what he experience. That is what I felt when I returned from overseas to stay at my own unit. Other of the time I also rent it out short term. Getting 100% satisfaction feedback from my guest on all aspect. Of course sometime it may not perfect. But overall is good.

Just received my 2018 review award from Booking.com. 9.6/10
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9.6/10 is higher than most four seasons, Shangri la, Hilton, Marriott hotels.
icemanfx
post Jan 12 2019, 12:17 AM

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QUOTE(Takuro82 @ Jan 11 2019, 08:53 PM)
Lol. They serving hundred if not thousand per day. I serving 1 customer each stay.

But what I want to say here, Icon Residenz not as bad as what general public perception is. We have another 9.7 review unit in Icon City. I had surveyed around Petaling Jaya area, 9.5 mark and above can be counted by 10 finger. And most of them at Icon City.

user posted image
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This rating won't sustain with more reviews, syok sendiri while it last.

This post has been edited by icemanfx: Jan 12 2019, 11:24 AM
icemanfx
post Feb 6 2019, 01:07 AM

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QUOTE(gks @ Feb 6 2019, 12:36 AM)
TMS after 20 years of being developer, has zero record of developing commercial that wong.

Good luck if they wanted to develop a mall.
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Many buyers are willing to pay premium price on residence attached to or near to shopping mall and hotel. Most new shopping malls in kv were built to attract buyers to overpriced residence. If shopping mall could be fully tenanted, it will be offloaded to reit.

This post has been edited by icemanfx: Feb 6 2019, 01:15 AM
icemanfx
post Feb 6 2019, 02:35 AM

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QUOTE(LoTek @ Feb 6 2019, 01:58 AM)
don't even understand why people still buy from them
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Peers pressure, promise of profits, great marketing campaign, etc.

This post has been edited by icemanfx: Feb 6 2019, 02:36 AM
icemanfx
post Feb 20 2019, 01:13 PM

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QUOTE(raider88 @ Feb 20 2019, 12:27 PM)
https://www.propertyguru.com.my/commercial-...roperty-details

Description
Wellness Enhanced Features Office Space
New PJ Corporate Park (Launching in 2019)
- En-bloc Office For Sale
- Office Suites For Sale
- Boutique Offices
- Prime Location in Petaling Jaya
- High Visibility, two highway frontage - LDP & Federal Highway
- Good Accessibility (Multiple Ingres and Egress)
- Office Space of 75,000sf to 160,000sf
- Well-known developer
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Oversupply of office space in kv is fake news.

icemanfx
post Mar 2 2019, 04:06 PM

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QUOTE(AskarPerang @ Mar 2 2019, 02:55 PM)
Icon City by Mah Sing still selling. Huge rebate at HOC campaign with 35%+2% discount.

S&P price for 1405 sqft unit at RM1.282M.
Nett after all discount is RM817k only.
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Mean auction price will need to drop below 62% or over 4 rounds to worth considering.
icemanfx
post Apr 4 2019, 12:34 AM

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QUOTE(davkong @ Apr 3 2019, 08:18 PM)
Imagine if open Central Plaza here. Read that was supposed to be the plan. Last last ended up in Icity.
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May be ms find central too low class and is negotiating with more prestigious Lafayette.

This post has been edited by icemanfx: Apr 4 2019, 01:00 AM
icemanfx
post Apr 21 2019, 12:23 PM

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QUOTE(AskarPerang @ Apr 21 2019, 12:16 PM)
No bidder yesterday. Wow.
I guess everybody gonna regret not grabbing this at 400k.
New price and details as below:

T2-16-16, Icon Residenz 2, Pusat Perdagangan Icon City
Reserve price: 🔥🔥RM 360,000🔥🔥
675 sqft
Leasehold until 2113
Auction :  18-May-2019 (Sat)

» Click to show Spoiler - click again to hide... «

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With more foreclosure coming, there will be other opportunities to grab sub 400k units. At about 600 psf, not sure is worth while.
icemanfx
post May 13 2019, 04:50 PM

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Gotham waterfall need $ to maintain or rectify, money has to come from somewhere. Expect developer or main contractor to pay?

This post has been edited by icemanfx: May 13 2019, 04:54 PM
icemanfx
post Sep 8 2019, 12:42 AM

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QUOTE(Takuro82 @ Sep 8 2019, 12:30 AM)
I heard one of the tower fully occupied by now. The MSC status tower that MS hold.
For Residenz 1 n 2 also getting limited stock now. Recent inquiry also seen higher offer as compare to previous 1-2 years.

Just the commercial side really slow. MyNews.com move out this week. No new shop coming in. Anyone interest to open zap fan is good opportunity with lot of office n tenant move in now
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If there is demand, for sure there will be supply.

If mynews couldn't sustain mean many are unlikely either.
icemanfx
post Sep 8 2019, 08:14 AM

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QUOTE(Takuro82 @ Sep 8 2019, 12:30 AM)
I heard one of the tower fully occupied by now. The MSC status tower that MS hold.
For Residenz 1 n 2 also getting limited stock now. Recent inquiry also seen higher offer as compare to previous 1-2 years.

Just the commercial side really slow. MyNews.com move out this week. No new shop coming in. Anyone interest to open zap fan is good opportunity with lot of office n tenant move in now
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QUOTE(zenix @ Sep 8 2019, 03:46 AM)
they don't open on weekends
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If lot of office couldn't sustain, what's more without office crowds during weekends. If there is demand, for certain there is supply.

icemanfx
post Sep 8 2019, 08:16 AM

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QUOTE(Takuro82 @ Sep 8 2019, 12:30 AM)
I heard one of the tower fully occupied by now. The MSC status tower that MS hold.
For Residenz 1 n 2 also getting limited stock now. Recent inquiry also seen higher offer as compare to previous 1-2 years.
As if the developer is not keen to offload quickly.
icemanfx
post Sep 9 2019, 01:36 AM

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QUOTE(zenix @ Sep 9 2019, 01:24 AM)
their location is on 3a floor
next to office towers
however those are sovo and most aren't used as offices more like residential and abnb
and it is a much nearer walk for t2 owners than 711
so why wouldn't they open on weekends?
condom and beer sales alone would probably sustain them.

it's easy to talk crap and negative thing even for high yield reit like klcc.
much less projects still that haven't taken off.
go lurk in AAA property chats then if you're not owner here don't bring your doom and gloom bs.
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If there is demand, for certain there is supply. Obviously, it was not sustainable.

Whether I am owner or not, comment or not; the doom and gloom reality here remain unchanged.

This post has been edited by icemanfx: Sep 9 2019, 01:37 AM
icemanfx
post Sep 9 2019, 04:59 AM

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QUOTE(zenix @ Sep 9 2019, 02:13 AM)
rite rite

got other places to spread ur genius too

why not go there?
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Not genius at all, just sharing facts and reality.

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