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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 Jul 25 2013, 10:31 AM

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Hi guys! Thanks for the clarification biggrin.gif

Have double checked with the lawyer and developer, they just convert from industrial title to commercial. However, heard that the bankers were given the old title sweat.gif

zenix
post Jul 25 2013, 01:50 PM

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not bad but i'll give it a pass
moonstone13
post Jul 25 2013, 02:00 PM

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QUOTE(Chris Chew @ Jul 25 2013, 01:48 AM)
Correct.

A STUDIO and CONDOMINIUM project is build on a piece of Residential Land. There is no service apartment on top of a Residential Land.
A SOHO and SERVICE APARTMENT project is build on a piece of Commercial Land. There is no condominium built on top of a commercial land.

It's not based on Commercial Title, but it's based on the project whether it is come with the protected HDA Act ruling or without HDA Act ( commercial properties are all without HDA Act )

For SOHO under HDA Act ( ex. You City, You One, Da Men, ) it would be treated as residential loan guideline and hit LTV 70% if > 2 home loans.

For SOHO without HDA Act, most of the banks would follow above guideline as required by BNM. I not sure which banks still allow up to 85% or 90% for Non HDA SOHO.

I did shared above in another thread before, but due to some members do not fully understand me, do not understand what they replied about and simply laughed me off confusing around because they heard this and heard that, self proclaimed got 7 properties and etc, therefore I lazy to reply on that thread bcz time wasting.
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Chris Chew gor, many many thanks for this! notworthy.gif

Absolutely well explained for layman like myself. thumbup.gif thumbup.gif

CMW123
post Jul 25 2013, 08:36 PM

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QUOTE(jucl @ Jul 25 2013, 10:28 AM)
Boss, the UFO shape is still there at the entrance. This tower 2 residential  is going to be in dark grey color similar to sdb's 5 stone facade.
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Same facade like 5 stone, interesting! which look quite unique in that part of SS2. I think good for maintenance, no need painting n less cleaning. Other towers are glass wall? Not sure about the contrast when one dark grey tower stand next to a glass tower...
jucl
post Jul 26 2013, 10:38 AM

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QUOTE(CMW123 @ Jul 25 2013, 08:36 PM)
Same facade like 5 stone, interesting! which look quite unique in that part of SS2. I think good for maintenance, no need painting n less cleaning. Other towers are glass wall? Not sure about the contrast when one dark grey tower stand next to a glass tower...
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I agree with you. In malaysia we lack this kind of facade. Most of the building requires massive painting. U know malaysian standard la. After 5 years the building will look like ur worn out jeans.
Glass wall also not bad coz u require less painting. Only need window cleaning.
littlewing
post Jul 26 2013, 11:23 AM

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QUOTE(jucl @ Jul 26 2013, 10:38 AM)
I agree with you. In malaysia we lack this kind of facade. Most of the building requires massive painting. U know malaysian standard la. After 5 years the building will look like ur worn out jeans.
Glass wall also not bad coz u require less painting. Only need window cleaning.
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Will this pass through Icon City ? blink.gif i hope it does

http://www.thestar.com.my/story.aspx?file=...14&sec=business
Donald Trump
post Jul 26 2013, 12:34 PM

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QUOTE(CMW123 @ Jul 25 2013, 08:36 PM)
Same facade like 5 stone, interesting! which look quite unique in that part of SS2. I think good for maintenance, no need painting n less cleaning. Other towers are glass wall? Not sure about the contrast when one dark grey tower stand next to a glass tower...
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when buying TMS product is not about facade...is abt when ur unit will be leaking wt water, lift stranded, wall crack..anything u can think of with bad workmanship and cheap material


MAHSING=MASS PRODUCTION=SUPER LOUSY END PRODUCT...exactly like pasar malam thing made in china...when u see them selling looks ok once take back home all broken rclxub.gif doh.gif
AMINT
post Jul 26 2013, 01:22 PM

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QUOTE(Donald Trump @ Jul 26 2013, 12:34 PM)
when buying TMS product is not about facade...is abt when ur unit will be leaking wt water, lift stranded, wall crack..anything u can think of with bad workmanship and cheap material
MAHSING=MASS PRODUCTION=SUPER LOUSY END PRODUCT...exactly like pasar malam thing made in china...when u see them selling looks ok once take back home all broken rclxub.gif  doh.gif
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i have never bought anything from them. really that bad?
jucl
post Jul 26 2013, 01:54 PM

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QUOTE(Donald Trump @ Jul 26 2013, 12:34 PM)
when buying TMS product is not about facade...is abt when ur unit will be leaking wt water, lift stranded, wall crack..anything u can think of with bad workmanship and cheap material
MAHSING=MASS PRODUCTION=SUPER LOUSY END PRODUCT...exactly like pasar malam thing made in china...when u see them selling looks ok once take back home all broken rclxub.gif  doh.gif
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Boss, the way you describe is as if MS is worse than Talam? Though MS is never known for their build quality but I don't think it is that bad either.
AMINT
post Jul 26 2013, 02:42 PM

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QUOTE(jucl @ Jul 26 2013, 01:54 PM)
Boss, the way you describe is as if MS is worse  than Talam? Though MS is never known for their build quality but I don't think it is that bad either.
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jucl = gangster mah sing
jucl
post Jul 26 2013, 02:45 PM

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QUOTE(AMINT @ Jul 26 2013, 02:42 PM)
jucl = gangster mah sing
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U dun play play. Later I use my "secret weapon" and slap you..baru u tau...kekekeke
AMINT
post Jul 26 2013, 02:50 PM

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QUOTE(jucl @ Jul 26 2013, 02:45 PM)
U dun play play. Later I use my "secret weapon" and slap you..baru u tau...kekekeke
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I cut your "secret weapon" and make it into sushi. i tie u up and force u to eat it.akakaka
TSaccetera
post Jul 26 2013, 03:27 PM

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Will be good if anyone can show some picture evidence from the past TMS projects...
chiefy
post Jul 26 2013, 04:09 PM

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Anyone got photos of garden residence or Kinrara residence which MS have given vp. Not that I have invested in many project's to compare get but can MS actually be that bad as depicted by Donald trump? I have seen many existing projects from otherher branded developers in the market .. I would say mostly are comparable. . But I guess donald trumpt tai kor must have his own personal experience
chiefy
post Jul 26 2013, 04:14 PM

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I guess I should have bought saujana or lestari puchong than this icon if MS is worse than talam.. sub sale.. I mean
sonycamera
post Jul 26 2013, 04:34 PM

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QUOTE(CMW123 @ Jul 25 2013, 08:36 PM)
Same facade like 5 stone, interesting! which look quite unique in that part of SS2. I think good for maintenance, no need painting n less cleaning. Other towers are glass wall? Not sure about the contrast when one dark grey tower stand next to a glass tower...
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Yes, 5stones or even Ameera stand out in ss2 / pj.....
CMW123
post Jul 26 2013, 07:46 PM

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QUOTE(accetera @ Jul 25 2013, 09:53 AM)
Service apartment is bascially residential built on commercial land. It is considered as fully-used as residential, hence comes under HDA.

SOHO is bascially a service apartment with office element. Most of SOHO today comes under HDA, hence residential type property.

All others are for office use hence commercial type and will not be part of HDA.

Most land left for development are commercial.

As far as developers are concerned, Kuala Lumpur will see a declining number of purely highrise residential built on residential land as commercialisation is vital to a gross development value and other land matters.

Btw, studio refers to size of apartments, it is not a genre of a product. The traditional principle is that studio refers to a small-size (normally less than 500 sf) service apartments or soho that HAS NO ROOM... this is called studio. Otherwise if it has 1 room - then it will be a 1-room service apartment or soho. It is not appropriate for Studio to be >500 sf, because the developer would have accommodate at least 1 room for sizes above 500 sf.
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I posted the below questions on few thread but no replies n am quite keen to know some answers. Since this thread has so many tai kor tai tai here and touching on this so post here. No offence to hijack, arigato for teaching me...

Anyone know why developer build so many SOFO?

1. Land below 2 acres can only do commercial but not residential?

2. Help purchasers with LTV 70%? But can give 20% rebate like South View by UOA to resolve

3. Want to avoid HDA regulation? As commercial and not residential, freedom to bill purchasers based on own designed stages in S&P agreement and can withdraw collection without HDA restriction?

4. Because commercial land based on plot ratio can generate higher saleble floor space for SOFO wherelse if build serviced apartment/SOHO need to follow density per acre and lower unit number and higher unit size per unit?

5. You mean SOFO can sell higher psf price compared to serviced apartment/SOHO so developer sell more SOFO?

6. SOFO S&P agreement must state for office use only? How about the DMC (surely would not state allow for residence, right)?

7. SOFO would not provide any room partition; total open space like office. Lower cost to construct?

8. SOFO supposed to have pantry and serviced apartment/SOHO have kitchen

9. SOFO would have requirement on fire springer system due to bomba requirement? Would you want to stay in a unit with springer?

CMW123
post Jul 26 2013, 08:07 PM

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SOHO planning guidelines for Selangor

http://www.jpbdselangor.gov.my/Laporan/Gar...ANDUAN_SOHO.pdf
TSaccetera
post Jul 27 2013, 10:12 PM

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Btw... SOFO and SOHO are 2 different things. One can be residential, another one is mostly used for office.

In Icon City, the Creative Tower is a serviced apartment for residential.

Their i-SOVO is mostly sold out... (SOVO is more towards SOFO for office).

This post has been edited by accetera: Jul 27 2013, 10:12 PM
zenix
post Jul 29 2013, 09:43 AM

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QUOTE(accetera @ Jul 27 2013, 10:12 PM)
Btw... SOFO and SOHO are 2 different things. One can be residential, another one is mostly used for office.

In Icon City, the Creative Tower is a serviced apartment for residential.

Their i-SOVO is mostly sold out... (SOVO is more towards SOFO for office).
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i was at their gallery lately and went inside the SOVO mockup.
i deco is nice but when you look properly there is alot of wasted space.
the staircase takes up too much room.
upstairs too small, for a small unit having 2 baths just wasting space.

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