Icon city will have 2-storey to 4-storey retail lots for sale....about 3 to 4 mil

Dear Valued Registrants,

It is our pleasure to extend you this invitation to the Special Preview of i-SOVO duplex suites (exclusively for registrants only) on:-

Date : 16th July 2011
Time : 2pm – 6pm
Venue : Icon City Sales Gallery, SS8, Petaling Jaya (The site of former Matsushita factory, opposite to
Western Digital)

Please bring along your cheque to book your choice unit(s).

You’re also invited to our grand opening of Icon City Sales Gallery and i-SOVO’s sales launch on 17th July 2011. Please find below the more details of the event programme:-

Programme :

9.45am Arrival of Guest and Registration
10.28am Official Opening of Icon City Sales Gallery
- Launch gimmick with ribbon cutting
- Lion dance performance
10.50am Exclusive Performance by World Famous Malaysian Violinist Ms Joanne Yeoh
12.00pm Buffet Lunch
1.00pm Strings Quartet Performance
1.35pm Performance by Ben & Ice “All That Jazz”
2.30pm Magic Show Performance
3.10pm Belly Dancing Performance
3.45pm Children’s Bumper Boat Rides, Face Paintings, Clown Give Away Balloon Sculptures and
many more
6.00pm The end


We look forward to your presence with us.



from : http://www.myrealestate.com.my/viewtopic.php?t=16730

This post has been edited by kh8668: Jul 14 2011, 11:58 AM

go there jalan jalan & makan makan lo....LOL

i-sovo from 599k wor...how big the unit?

setia eco 23 ac
icon city 19 ac

4 ac different in size lo..

but plot ratio...dunno ler... have to compare GFA vs GFA

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Added on July 17, 2011, 12:03 pmsetia eco kl residence at 1,200psf

icon city = ????/

eco kl office at 900sf++

icon city = ???

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Added on July 17, 2011, 12:09 pmTower 2 of i-SOVO open for sale today

745sf from 641k or 860psf

This post has been edited by kh8668: Jul 17 2011, 12:09 PM

from the overall big picture, the impending supply of high rise units are huge.

However, there are also some newly completed individual projects are well-occupied (at least 50% occupied) such as kiara designer suites in MK, Casa Kiara 2 in MK and Verve Suites in MK.

believe the price at least can still on-hold at the current price level.

many are JV in purchasing those units that can leverage down the individual risks. cheers


and nowsadays, many investors in Malaysia are buying for own-stayed or for capital appreciation. Not many buy for a rental yield.


coz there is really no yields for that

This post has been edited by kh8668: Jul 17 2011, 01:10 PM

proven what LEE KAH SENG Group is entering M'sia retail market since years ago.

kekekee....

i-sove toweer 1 from 599k 16 jul 2011

i-sovo tower 2 from 641k 745sf 17 july 2011



This post has been edited by kh8668: Jul 17 2011, 01:19 PM

many of our young peoples are well-paid in their industry.

counting the lights cannot give your the real numbers la.

unless you go there couting the same block for a continuous 90 days. take a snap shot and detect which units are totally no lights for the 90 days.



even the apartment I am staying now in a matured area of PJ also not many are lighting up sometimes.

i named three already in MK at this thread.

Icon City i-SoVos launch

Tags: 30 Jewels , Andy Chua , ELITE , Federal Highway , GBI , Green Building Index , Green Mark , i-SoVo , Icon City , Kelana Jaya , Kesas , LDP , Lebuhraya Damansara Puchong , LEED , Mah Sing Group Bhd , Mah Sing Properties Sdn Bhd , NKVE , NPE , Petaling Jaya , Seri Setia , Singapore , Small Office Versatile Office

By Wong King Wai of theedgeproperty.com

Thursday, 14 July 2011 00:00

KUALA LUMPUR: Mah Sing Group Bhd is launching the i-SoVo or Small Office Versatile Office units at its landmark Icon City development in Petaling Jaya at an average RM800 psf.

The units will be open for sale in conjunction with the launch of the Icon City sales gallery on Sunday, July 17.

Icon City has a gross development value of RM3.2 billion on a site measuring 19.6 acres. It is situated at the intersection of Lebuhraya Damansara Puchong (LDP) and Federal Highway in Petaling Jaya's SS8.

“Icon City's prominent visibility makes it an ideal location for the product mix in the development comprising versatile offices, corporate offices, lifestyle shop offices, serviced residences and a hotel,” Andy Chua, COO of Mah Sing Properties Sdn Bhd told The Edge Financial Daily.

The concept of i-SoVo focuses on the work environment that offer unparalleled levels of flexibility to owners who desire to set up whatever they wish be it a music studio, office space, art gallery, design house or a private hangout.

There are 283 i-SoVo units comprising two types with built-ups of 745 sq ft and 1,094 sq ft respectively. Prices start from RM599,000 or an average RM800 psf, said Chua. Housed in two blocks of 31-storeys each, all the units are duplexes with double volume high-ceilings. The project also features sky gardens and WiFi infrastructure. The i-SoVo towers are slated for completion in 2014.

The leasehold site of Icon City was purchased in 2009 for RM89 million or about RM104.23 psf. Once completed the project will feature shop offices, a retail mall, residences, a hotel and office towers. It will have more than 3,800 carpark bays. It is estimated to take eight years to be completed.

The first phase of this development was launched in June. It was the 30 Jewels commercial centre comprising 30 lifestyle shop offices of seven and eight storeys on lot sizes of 25 ft by 76 ft for the former and 25 ft by 79 ft for the latter. The selling prices are between RM7.7 million to RM16 million. Already, 19 units with a value of RM192 million have been taken up.

The entire Icon City will incorporate design elements that meet three green standards — Malaysia's Green Building Index (GBI), Singapore's Green Mark and USA's Leadership in Energy and Environment Design (LEED).

The area is accessible via the highways and expressways such as NKVE, Elite, NPE and Kesas. Public transport such as Seri Setia KTM stations and Kelana Jaya LRT stations are within the vicinity of Icon City.

The launch of the i-SoVo will be followed by the launch of the serviced residences at a later date.

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Added on July 18, 2011, 12:18 ami-sovo
SoHo
SoFo


Name only, but for hybrid uses.

The Centro
Sunway Nexis
Sunrise Summer Suite
Binjai 8 Premium Business Suite
Icon City i-sovo
CentreStage
Zen Suites @ Festival city

all these projects are the same la. no matter what it named as.

This post has been edited by kh8668: Jul 18 2011, 12:20 AM

ok..

casa kiara 2 - handover around end 2009

Verve suite - Viva - 2009
Verve Suite - Vibe - end 2010

kiara designer - 2007 (this is over 24 months)

except the Kiara designer suites, casa kiara 2 and verve suite block a and b still applicable to 18 months. kekekeke

by the way, friend of mine to acquired a unit in casa kiara 2 (developer unit) for 480psf. immesidtae VPed from developer in April 2011, straightly rented out at 3,500 per month with minimal fit out required.

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Added on July 18, 2011, 11:32 amok..

casa kiara 2 - handover around end 2009

Verve suite - Viva - 2009
Verve Suite - Vibe - end 2010

kiara designer - 2007 (this is over 24 months)

except the Kiara designer suites, casa kiara 2 and verve suite block a and b still applicable to 18 months. kekekeke

by the way, friend of mine acquired a unit in casa kiara 2 (developer unit) for 480psf. VPed from developer in April 2011, straightly rented out at 3,500 per month with minimal fit out required.

This post has been edited by kh8668: Jul 18 2011, 11:32 AM

[quote=jet2020,Jul 18 2011, 12:55 PM]
[quote=kh8668,Jul 18 2011, 11:31 AM]
ok..

casa kiara 2 - handover around end 2009

Verve suite - Viva - 2009
Verve Suite - Vibe - end 2010

kiara designer - 2007 (this is over 24 months)

except the Kiara designer suites, casa kiara 2 and verve suite block a and b still applicable to 18 months. kekekeke

by the way, friend of mine to acquired a unit in casa kiara 2 (developer unit) for 480psf. immesidtae VPed from developer in April 2011, straightly rented out at 3,500 per month with minimal fit out required.

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Added on July 18, 2011, 11:32 am

forget about KDS as this condo completed nearly 4 years.

Take CK2 and Verve as examples....one of lowest price for condo and studio in MK that completed 18-24mths ago.....what is the estimated occupancy rate today...50%?

If 50% is true, then what happens to those new supplies eg Meridien, Lumina Kiara, Banyan and many more in KLCC, Bangsar South and PJ/Subang.....i always pass by these areas at nite and the number of lights hardly 30%

[/quote]


as I said, lights can't tell you the numbers.

verve suites two blocks occupancy rate about 40% - 50%, check with one of the owner there.

others like
10 MK = 50%
tiffani by izen = 65%
MK Banyan = 80%
MK Aman = 88%

these 4 condos occupancy rate getting from their management. true or not true unknown. who stays there can please share with us.

This post has been edited by kh8668: Jul 18 2011, 02:33 PM

guys, find out yourself.. I have no wide access to all condominiums.

Icon City gets more than RM400m in sales so far

Tags: 30 Jewels , Andy Chua , Damansara , ELITE , Gourmet Street , i-SoVo , Icon City , Kelana Jaya , Kesas , KTM , Kuala Lumpur , Leong Hoy Kum , LRT , Mah Sing Group Bhd , NKVE , NPE , Petaling Jaya , Seri Setia , Setia Jaya , Shah Alam , Subang Jaya , USJ


By Clint Loh of theedgeproperty.com
Monday, 18 July 2011 15:29

PETALING JAYA: Mah Sing Group Bhd's Icon City integrated development in SS8, Petaling Jaya has racked up more than RM426.5 million in sales so far, including sales of its commercial i-SoVo (small office versatile office) units, 30 Jewels and Gourmet Street.

In its press release on Monday, July 18, Mah Sing said during the latest launch last Saturday, 138 units of its i-SoVos in Tower 3 were snapped up. Due to the overwhelming response, Tower 3A was opened up for sale and 10 units were taken up. Over a single weekend, 148 i-Sovo units were sold.

There are a total 410 units of i-SoVos, with 198 units in Tower 3 and 212 units in Tower 3A. With a gross development value (GDV) of RM226 million, the duplexes come with build-ups of 745 sq ft and 1,094 sq ft with prices from RM599,000 onwards.

Its 30 Jewels is a commercial centre, comprising 30 lifestyle shop offices of 7- and 8-storeys on lot sizes of 25 ft by 76 ft for the former and 25 ft by 79 ft for the latter. The selling prices are between RM7.7 million to RM16 million. Already, 29 units have been taken up.

For the Gourmet Street 1- and 2-storey retails shops, Mah Sing said it opened 36 of its 46 units for sale, and so far 12 units have been sold.

Icon City offers a contemporary "live, work and play" concept within a green and sustainable development.

"We are investing in a comprehensive traffic dispersal system to improve access, and this will greatly ease the congestion issue that had plagued this location for the past few years," said Mah Sing group managing director cum group chief executive Tan Sri Leong Hoy Kum.

"There is potential for the third MRT line from Kuala Lumpur to Klang to pass through the project, and if that materialises, would greatly enhance the access to an already well connected project."

Mah Sing said the market catchment is extensive, including matured and affluent neighbours such as Kuala Lumpur, Subang Jaya, USJ, Shah Alam and Damansara.

"As connectivity is a major appeal, Icon City's strategic location with accessibility via a network of highways such as NKVE, ELITE, NPE and KESAS and public transportation via road or rail such as the Seri Setia and Setia Jaya KTM stations and Kelana Jaya LRT station, would serve the business community and residents well. We expect to open registration for the serviced residences with sizes ranging from 563 sq ft to 1,779 sq ft by 3Q2011," said Mah Sing chief operating officer Andy Chua.

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Added on July 19, 2011, 8:00 am10MK and Banyan should be with 24 months.

tropics @ tropicana kira tak kira? good occupancy rate and rental as well. within 18 months.



This post has been edited by kh8668: Jul 19 2011, 08:00 AM

Jul 19, 2011
Icon City racks up RM426.5m sales at launch

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Crowd at the Icon City show gallery.


Mah Sing Group Bhd racked up sales of RM426.5mil during the launch of its Icon City show gallery, at the project site in SS8 Petaling Jaya last weekend.

The sales were from the commercial i-SoVo (small office versatile office) units, 30 Jewels (seven and eight-storey shop offices), and Gourmet Street (one and two-storey retail shops).

Buyers were able to enjoy DIBS (pay 10% and nothing else until completion) 90% financing even for third and fourth properties onwards on the commercial i-SoVo project in Icon City.

Icon City is Mah Sing's flagship integrated commercial project, which enjoys exceptionally high visibility and has a total gross development value (GDV) of about RM3.2bil, to be developed in three to four phases.

The i-SoVo is part of phase one comprising 410 units. The well-designed duplexes come with built-ups of 69.2 sq m and 101.6 sq m, and priced from RM599,000. Bernama

LOL...property need time to get occupied. tropics maybe you request for high rental kua...kekekeke

so far around my friends, i dun see difficult to rent out their units within a short time. maybe they ask for lower rents as compared to others.

as long as developers' units sold and those units are holding well by the owners, I dont see any problem.

I wish to....hope you got chance to parang in auction house. LOL

booked d wor (someone)...for own use lo