Hmm, now still got any units available?

I thought sold out dy ...

Ohh, what are the pricing when you went there?

Huh. I think I-sovo had sold more than 90% and service apartments not much left ...

It was damm so freaking exp. But nothings come cheap now.

The DIBS cost till 2016, the concept of the Total Development, great location and i very impressed with the way they spent the money to build all the access and multi ramps for super accessibility.

Even Sunway Senza selling RM 600 psf.

Looking forward the 2nd Mid Valley in coming years. It boosted the pricing around Subang and Sunway area.

U mean Icon City serv apartment? Average RM 1,000 psf ....

Agree with u.

Icon is expensive. But Ara Green also super expensive and overprice. If die die to choose n buy, I choose reputable in Mah Sing. At least Icon City is at better location and have the potential to be next Mid Valley with its recognize master plan of office and retails...

IMHO, The Icon City PJ has indifferent game modul against any other pigeon hole dev of condo or service apartment which almost or match its price tag such as Ara Green, Verde, Nova Saujana, Isola, USJ 1 multi projects, Dorsett place or we may included Sunway South Quay or upcoming DK City at Sunway.

Same as the latters, The Icon sold at very expensive at RM 1,000 psf circa and indeed, I personally rate it very risky given such overprice at such location, but anyhow, a good location compare any others above in terms of commercial urban.

The tenants pull by TMS could be very crucial after 4 years completion and it they overcome this critical issue, the ultimate would be there to eclipse more potential visitors of Empire Subang and even MV.

I very impressed with the Icon City new accessibility where we can entry & exit from almost any traffic flow from Federal and LDP, into the commercial hub and separate traffic to the residence buildings.

Let's see whether TMS able to overcome this and they are bullish enough to pull some major anchor tenants to here. If they did, Soho or Studio of Sunway South Quay, Empire Subang would be in critical mass, not to mention Dorsett Subang or DK City, which would even fast forgotten.

Yup, you guys can see this when traveling from PJ to Puchong via LDP, when pass the bridge slowly, you can see a lot of cranes are working for the basement works.

I believe the location is quite good, just the product and pricing a bit quite high side and scary off.

Impressed with the master plan of new accessibility thru LDP and the new ramps from Federal Highway via from Klang and via from KL.

Boss, sudah hantam berapa biji kat Icon City?

Wah, 1 bijik is consider profile dy. I wana buy, but not enough bullet for dp and loan quota. Unlike Bro AMINT, everywhere also sapu landed while I onyl sapu property latest news and rumours.

Boss, I bought one only this year, but unable to sapu many units. Already out of cash. Unlike the taikors here.

Wah boss. Sudah enter Creative Tower ah?

Wah so fast enter ... I tot u comparing Creative Tower with Sunway GEO.

Anyway, It would be a good buy. Hehhehe

+1 Boss.

Don't worry, it is good buy, with taikor and boss like jucl around here, the thread would be more lively and the Icon City would be lively upon completion as well.

Support you guys!~

jucl kor, am not a cash rich taikor like you leh... sigh.

IMHO, the dual key unit of 717 sq ft would be the most liquid in terms of rental review once the retails and offices goes wild somewhere 2-3 years after maturity of occuppied units.

It was the most flexible unit, where to rent out both studios separately and crucially, each studio comes with one parking each. The wall also can be tear down to allow living hall space hence, it is convertible unit

Boss, hope I can clarify it below for your understanding.

A lot of SOHOs, SOVO buyers were confused of the wording of "commercial title property" to avoid LTV 70% and gets up to 85% based on commercial property ruling. This is totally wrong.

A SOHO must be build on top of a commercial title land just like STUDIO on top of Residential Land. It is just a name of the property type based on current trend where SOHO can be residential and can be office. The tricky about SOHO would be whether it is subjected to HDA Act or Non HDA. I never come across others SOVO, SOFO, i-SOVO, i-SOFO, SOSO, SOLO, or whatever XOXO is comes under HDA Act.

Before Q3 2012
A lot of developers over-smart by producing the effectiveness product of SOHO, generally smaller sizes of studio, higher pricing per sq feet and creates more number of units to create GSV and most of all, comes with HDA Act / Non HDA just to entitle the property definition as SOHO under Commercial Ruling property ( office wording ) and hence, regardless how many home loans you had before this period, ( for most of the banks as announced by BNM guideline ) your SOHO ( or SOVO ) purchased will be treated under commercial property ruling and entitle up to 85% margin and loan package under commercial such as higher rates plus max loan tenure of only 25-30 years.

After Q3 2012 to 1st Jan 2013
The ruling of HDA and Non HDA comes into power where, I was clearly remember and informed by few other banks that, as long as the SOHO is with HDA Act, it is proceeding under residential loan ( it's loan processing and not title ) where enjoying the residential loan rates, loan tenure up to 40 years and hence LTV 70% implies. For SOHO without HDA ( or SOVO, SOSO, SOFO ), it would be treated as under commercial loan, hence LTV 70% not applicable here.

After 1st January 2013, BNM curbed the SOHO with HDA and without HDA ruling to avoid buyers to escape the LTV ruling and speculate the property prices and values based on lower price ( compare to > 2/3 bedrooms condo / service apartment, where LTV 70% would require higher downpayment ) and higher discount to promised a zero or lower entry.

After this implementation, most banks are very straight forward to the said property of SOHO whether it is HDA or non HDA, it is subjected to LTV 70% guideline if the borrower already has more than 2 Housing Loans. It would be most, if not all banks. I not sure which bank able to provide 85% margin for SOHO, SOVO buyers for those who had more than 2 Housing Loans.

Any taikors are welcome to correct me if I am wrong.

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.