Just booked a one room unit this afternoon. Built up area 594 sq ft. Purchase Price was RM584K before the 5% early bird discount. This service apartment project has 3 facing. Facing landscape, KL & LDP. All came with differences in price. I also confused & hesitate which one to go for.

Basically what I had in mind was. Pay 8K booking fees. Obtain the 90% M.O.F, then wait till December upon signing S&P pay another RM21K plus.

All in all park in RM30K, wait till project complete in almost 4 years. Then sell off with an appreciated value of this property.

According to sales person, RM8k booking fees refundable minus RM500 admin fees if bank reject loan or cannot get 90% M.O.F.

I was wondering will this strategy work. Am I thinking right?

For those who are interested, the photo was taken around 3.40pm

It is quite an interesting topic that everyone saying it is overprice but still i can see people taking the unit there. Most of the people taking the smallest unit (facing the landscape) even the price for 584sqft rather than taking the bigger unit 743sqft where only 80k different cos of (facing the low cost flat), where the diff of the 743sqft (bet facing pj and landscape) is >80k. Does the facing landscape worth that price as it maybe surrounding by the factory n not so eye catching building.. I am curious ...

I might be wrong becoz I am not an avid investor. But the key to investment in pigeon holes like these are always location, location & location.

This project is situated just next to Federal Highway & LDP. If it's in Kelana jaya, Sunway or even Subang Jaya, then RM900 plus /sq ft is considered cut throat pricing. Anyway let's rewind back to 3 years ago. Most of the properties , not to mention Landed but condominiums & service apartment in Klang Valley has appreciated dramatically. Now it might seems to be Wow, soooo expensive. If the property price trending is going upward then the 900+ / sq ft is no long perceived as expensive anymore. Furthermore, now we are talking about RM900+ /sq ft for a 4 years later property so we can't compare with existing ready properties.

Besides, this project involves a shopping mall, hotels & others. According to salesperson, its concept is more or less like Mid Valley. Well, I don't know how true.

About the 3K plus rental return per month, honestly I am a bit pessimistic that it can fetch up to there. Maybe RM2K + maybe. So, I was thinking of keeping it for say another 1.5 to 2 years after completion then dispose it off.

Just my 2 cents in investment no offends please

Your question of to whom I am selling. ? Come on bro, if Mah Sing can sell all single bedders in 2 Days. Who do you think will buy?

Just my 2 cents. No offense plz.

And some ppl said bubbles might be coming ...

Put aside the selling price, credit must be given to TMS whom has the courage to acquire the land and inspiration to launch a mix development city like this, really amazing...those property owners in vicinity area will laugh all the way to the bank!!
TMS dare to sell, but I dare not buy..

Lets see the end product in 2015

they are in melaka promoting this project. If can sell finish fast in Kuala Lumpur, no need come Melaka d lor..

What;s TMS???

I welcome ICON city, a new place for me to hang around rather than Sunway Pyramid, it will divert some congestions in Mid Valley, 1U and Sunway Pyramid