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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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Prop321
post Jun 29 2013, 10:46 PM

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Joined: Jun 2013
QUOTE(jucl @ Jun 29 2013, 12:37 AM)
I beg to differ. Comparing apple to apple, simiar concept like Icon, you have
1. Upcoming paradigm residences 800-900psf.
2. Tropicana garden 1200psf
3. Tropics at tropicana mall 800-900psf - mind you this the current sub sales price
4. Surian damansara 800psf- 900psf- sub sales
5. Setia Eco city- 1400psf??
6. UOA Bangsar south - 800psf?
7. Tropicana Metro Park - 700-800psf. Heard new phase they going to price it @ 900psf!
8. Around the vicinity you have zenith @ 650psf?
And the list goes on.

As for Mah Sing, I'm not sure whether this is the right strategy for them. They launch soho, sovo, sohai and residences first before they build mall and hotel.
Imagine if they reverse the sequence  meaning they build  hotel and mall first, what do u think is the asking price for residences unit? Sure sky high bro! At least this leaves us some  room for cap appreciation  before the hotel and mall completes.
Not to forget, they will have dedicated ramp, to and from Federal Highway.
Of coz, if the scew up, habis la but as this is their flagship development, I think they die die also must make it successful.
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This makes bangsar south (with existing Lrt) look really cheap

 

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