ICON CITY IS ON MINING LAND.

A relative who used to work in Mashushita told me. They built the factory in the 70s or 80s. Every few years, the land will sink or depress a bit, and they will have to reinforce it.

Ex-mining land neednt be bad, look at badar sunway. But, if given a choice, I rather stick with non-minging land. Icon City the density very high, and location not that good.

The ICON may be launched as FREEHOLD, but when they bought the land, it was LEASEHOLD. My relative worked in Panasonic for many years, (like 20+) so he knows what he is talking about. I am not here to kacau, but just think that people should know and then make informed decision.

Mining land aside, I also think on such a small piece of land, they are building so much. With such high density, is it worth to pay so high? Look at Damansara Perdana, because of the high density, prices are no where near the Iconcity. Dont you think D'sara Perdana is located better than ICON?

You can read the announcement in BUrsa.

http://announcements.bursamalaysia.com/edm...onic%20Land.pdf

This post has been edited by lizziewong: Jul 15 2011, 11:56 PM