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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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doomdoom
post Aug 18 2013, 01:52 PM

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QUOTE(Kar Mun @ Aug 18 2013, 01:42 PM)
I went to check it out. First phase all sold out while 50% of second phase are sold out. I love the fact that it's just next to LDP and the Federal Highway - a super prime location! The unit I saw is about RM583K for 675sf, after discount. 2% down payment, DIBS, legal fees and stamp duty all borne by the developer, project completion estimated in June 2016. I'm considering of getting one unit..
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why love to near to LDP and federal? super duper jam highway...bad environment and no future LRT/MRT...
Kar Mun
post Aug 18 2013, 02:23 PM

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Because it's accessible through so many highways. Jam, true, but think of it, why the jam? Because people HAVE TO travel through those highways no matter where they go. Also, it's easier to be disposed off later on.
xyyap
post Aug 18 2013, 02:40 PM

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QUOTE(doomdoom @ Aug 18 2013, 01:52 PM)
why love to near to LDP and federal?  super duper jam highway...bad environment and no future LRT/MRT...
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Last comment in this thread.

After our visit, we know this place does not worth RM 800+ psf, regardless how good the product is.

Anyway, we could be wrong. Haha.

TSaccetera
post Aug 18 2013, 02:43 PM

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For me, the more jam, the better. But this place of coz is not the most jam in Klang Valley.
Kar Mun
post Aug 18 2013, 04:48 PM

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The more jam, the better - I agree!
A lot of developers are selling at a future value nowadays. I think RM800++/sf for somewhere just next to the LDP and FH is quite acceptable. Well, I could be wrong.. But if you ask me whether I would stay there myself, my answer is yes.. The location is too convenient to go anywhere - to work, to PJ, to KL, to Damansara, to Sunway, to Puchong - highly accessible.
wil-i-am
post Aug 18 2013, 04:50 PM

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Jam is good
Can sit down n look around
Plus reset your timing smile.gif

kbandito
post Aug 18 2013, 05:36 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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I think one has to understand the rationale of developers building such stratified offices.
It is not bounded under HDA, hence no bumi quota that troubles most projects. It can be argued that if the product actually make good use to the land.

Look at Medini's D'Pristine by MCT, packaged as 'SoFo Apartment'. Most buyers won't be able to understand fully what kind of product they are actually buying.
CMW123
post Aug 18 2013, 05:43 PM

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Government should have new guidelines or new laws to avoid these confusion and protect the consumers before the time bomb explode
bukithot
post Aug 18 2013, 06:34 PM

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QUOTE(kbandito @ Aug 18 2013, 05:36 PM)
I think one has to understand the rationale of developers building such stratified offices.
It is not bounded under HDA, hence no bumi quota that troubles most projects. It can be argued that if the product actually make good use to the land.

Look at Medini's D'Pristine by MCT, packaged as 'SoFo Apartment'. Most buyers won't be able to understand fully what kind of product they are actually buying.
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Sorry newbie here.. what did you mean by bounded under HDA? Mind to enlighten me the difference between bounded and unbounded? Many thanks in advance. smile.gif
jucl
post Aug 18 2013, 06:34 PM

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QUOTE(Kar Mun @ Aug 18 2013, 04:48 PM)
The more jam, the better - I agree!
A lot of developers are selling at a future value nowadays. I think RM800++/sf for somewhere just next to the LDP and FH is quite acceptable. Well, I could be wrong.. But if you ask me whether I would stay there myself, my answer is yes.. The location is too convenient to go anywhere - to work, to PJ, to KL, to Damansara, to Sunway, to Puchong - highly accessible.
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If you look at the master plan, the accessibility to icon city from FH and LDP is super impressive with underpass and ramp covering both direction.
This is very critical. They will hv hotels, office and shopping complex coming soon.
Kar Mun
post Aug 18 2013, 07:14 PM

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Yes the masterplan is super impressive. Moreover, Mah Sing Group is reputable - very low risk of this turning into an abandoned project. Though it's leasehold, I think this project can still give it a buy. Mm.. Sifus, what do you all think?
max_cavalera
post Aug 18 2013, 07:23 PM

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project is beside a very busy cross interchange...no go for me....not ong....sleep.gif"
wil-i-am
post Aug 18 2013, 07:25 PM

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D only reservation is the block of old flats which is a bit eyesore
jucl
post Aug 18 2013, 08:40 PM

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QUOTE(Kar Mun @ Aug 18 2013, 07:14 PM)
Yes the masterplan is super impressive. Moreover, Mah Sing Group is reputable - very low risk of this turning into an abandoned project. Though it's leasehold, I think this project can still give it a buy. Mm.. Sifus, what do you all think?
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The upcoming Paragidm Residence is rumoured at 950-1000psf making Icon worthwhile considering. Furthermore min size 800sf, entry cost is definetely much higher.
chiefy
post Aug 18 2013, 09:59 PM

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Basically I see this project as a commercial project and that means more traffic means more Ong as long as there is good accessibility... When commercial Ong, the residential also will be sort after. So very crucial is the retail mall must surpass the popularity of paradigm mall in order to succeed.. But there is still no master plan / theme on the retail mall yet..

jucl
post Aug 18 2013, 10:38 PM

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The only setback so far is no news on retails mall yet. I think Mah Sing will start with office blocks first followed by hotels and retail.
TSaccetera
post Aug 18 2013, 10:40 PM

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Mall should come last. It is like the "final finale" push...
chiefy
post Aug 18 2013, 11:07 PM

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I like the idea of final finale.. But it better be a good Big Bang with fireworks and all .. Ha ha
geolee
post Aug 18 2013, 11:13 PM

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QUOTE(accetera @ Aug 18 2013, 10:40 PM)
Mall should come last. It is like the "final finale" push...
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depending..
paradigm is going with mall first, then office, hotel, then only residential...
I dun think paradigm can consider a failure though..it is catching up tropicana mall which was much older than paradigm, and kill the giant once for all already

This post has been edited by geolee: Aug 18 2013, 11:13 PM
Chris Chew
post Aug 19 2013, 12:02 AM

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QUOTE(max_cavalera @ Aug 18 2013, 07:23 PM)
project is beside a very busy cross interchange...no go for me....not ong....sleep.gif"
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Alrite, what do you think of Mid Valley then?


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