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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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GangHo
post Aug 11 2010, 03:51 PM

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QUOTE(sandy072282 @ Aug 11 2010, 02:02 PM)
I saw this during the property fair 2 wks back
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Looks like another Mid Valley city(Megamall)? With all those component like retail, hotel, residence & offices.

If we use Mid Valley city as benchmark, which one would be bigger?

In terms of land size and GFA, estimated population and etc.
GangHo
post Aug 11 2010, 06:20 PM

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QUOTE(bkfeng89 @ Aug 11 2010, 06:59 PM)
I think Mid Valley City will be bigger. As far as i can see lah when i pass by the project every day. The site isnt that big..
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My rough calculation, the twin tower is about 60+ storeys high(any PJ building higher than this?) and the rest about 5 to 18 storeys high. The design looks very attractive though.




GangHo
post Aug 11 2010, 08:21 PM

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QUOTE(bkfeng89 @ Aug 11 2010, 06:59 PM)
I think Mid Valley City will be bigger. As far as i can see lah when i pass by the project every day. The site isnt that big..
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Measuring from Google Earth, there is a land measuring 170mx270m(about 8 acres) just next to freescale conductor and behind NanYang Press holding. Could it be the one? The shape looks almost the same as shown in the homepage. [Can anyone confirm?]

If this is the one, then Seri Jaya KTM-Commuter Station is a little bit more than half kilometer away.

And looks like there are roads linking to Federal Highway, Kelana Jaya and LDP via Western Digital.

And Indah Water Public Sewer is just nearby.

Too bad I'm not in the country to check the site.


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GangHo
post Aug 11 2010, 11:23 PM

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QUOTE(preliew @ Aug 12 2010, 12:08 AM)
bro, u capture the wrong location, the location is at the junction of the LDP and federal highway, formerly this land is mashushita factory....

user posted image
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Alright! Thank you very much.

I thought it would be on an empty land.

This location is much better and the land is also bigger.
GangHo
post Aug 11 2010, 11:40 PM

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QUOTE(accetera @ Aug 12 2010, 12:32 AM)
The site now looks like juz kena atomic bomb.....

Site clearing is in progress and is due to be completed by Oct 2010. MS is planning this project early 2011.
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Any latest update on the offer by the developer?

Since it is mixed development in a ex-factory, most probably the title is still commerical title? and therefore, the residential development would be service apartment?


GangHo
post Aug 12 2010, 03:23 PM

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QUOTE(icez @ Aug 12 2010, 03:53 PM)
It seems like Mah Sing via it's subsidaries are kick start many projects in 2010, 2011. I fear for projects like this that's built (planned) on commercial land. If the company would end up in any trouble, buyers wouldn't be well protected as they would with a residential title.
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MS current market capitalization is about 1.5B and they have recently announced that they aim to increase the market capitalization to 5B within 5 years.

They would need to launch a fair bit of property to the market couple with other income that they might have.

Cashflow, phases development and marketing would need to be planned properly.

_________________________________________________________________________________________________________-

Addition to that, any GOOD forum that have addressed the issue of

Residential development in "BUILDING LAND, Commercial Title"? or is this equivalent to

Service Apartment in "BUILDING LAND, Commercial title"?

I have read that service apartment developed under "BUILDING LAND,commercial title" is not protected under the housing act.

There are also people that says, there has already amendment in the law that has addressed this issue.

What is the fact?


GangHo
post Aug 21 2010, 08:37 PM

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QUOTE(accetera @ Aug 19 2010, 11:52 PM)
after passing by the site, i'm starting to be pessimistic
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It will be good if someone can post a photo of the current site condition.
GangHo
post Aug 22 2010, 12:39 PM

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QUOTE(accetera @ Aug 21 2010, 11:19 PM)
combination of factors.... i'm not sure if the developer already have approval for that design for that size.....
Source: TheStar back in June 2010
user posted image
user posted image
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Thanks accetera for the photo.

When you say "approval for that design for that size", you mean the size is too big?
GangHo
post Aug 22 2010, 04:28 PM

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QUOTE(JamesPond @ Aug 22 2010, 04:17 PM)
another bad land location from mah sing.
superb design in a isolated land.
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Kind of having different opinion about the land.

It's indeed one of the most sought after location in a well developed neighbourhood in KL and mah sing has paid a premium for this land. Not talking about cost needs to be spent to demolish the existing buildings and infrastructures.

The surroudning roads and infrastructures are ever ready and also the catchment to do any business.

Accessibility is also not an issue minus the traffic jam.

And that is the only major problem. This land is unfortunately sandwished between two of the most busiest streets in Klang valley.

As Mah Sing reveals their master plan, we would know then how they intend to solve this issue.
GangHo
post Aug 24 2010, 01:19 PM

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QUOTE(accetera @ Aug 23 2010, 12:58 AM)
i think they will build dedicated ramps from de highways to the ICON CITY
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More info

http://www.skyscrapercity.com/showthread.php?p=61160981
GangHo
post Aug 24 2010, 07:20 PM

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QUOTE(cybermaster98 @ Aug 24 2010, 06:02 PM)
The location plan is a bit misleading in terms of the proposed SS7 LRT station. From the plan it looks like the station is next to the LDP when in actual fact it will be built a distance away. The closest LRT station to this development would still be Kelana Jaya. The plan isnt even to scale.
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Ya, you are right. Any LRT station in SS7 wouldn't be within comfortable walking distance. The nearest transport would be Seri Jaya Commuter station which is within within 400m radius(even if a pedestrain bridge were to be built across federal highway solely for this purpose). The existing pedestrian birdge is too far for a bright shiny day.




 

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