It is funny that most people are very pesismistic about what will the economy be in 3, 4 yrs time..

I m not sure either but for ur investment to make it has to be logical..
There r way to many highrise and pigeon holes now and for years to come..even if the economy is doing fine in 4 yrs time ur type of investment might not be right

tms keep on launching similar concept products is a sign of overuse and oversupply AND
the saying of our development will be like midvalley or Giza that kind of statment is a crap!

Cants even think of any tms succesful commercial till date.

My conclusion is for this sort of investment at best u might just cover ur investment cost... SO what's the point?

before mid valley built, ppl also complaint that area surrounded with many low cost flat, and temples...sure cant make it...

before sunway pyramid built, ppl said that that area is mining land, sure cant make it...

now look at these 2 places...jam everyday frm morning til late night...is the 2 major shopping commercial places in klang valley..
as long as mah sing complete the icon city as per plan...then succesfully attract shop tennats oocupy there...sure is not a problem become another midvalley....PJ,Subang always fully with working class ppl and college students...somemore the location is so abvious.....sure can attract the crowd...at that time...u wont look at the low cost flat surrounded at icon city..ur eyes will only look at the icon city itself...

IMHO, The Icon City PJ has indifferent game modul against any other pigeon hole dev of condo or service apartment which almost or match its price tag such as Ara Green, Verde, Nova Saujana, Isola, USJ 1 multi projects, Dorsett place or we may included Sunway South Quay or upcoming DK City at Sunway.

Same as the latters, The Icon sold at very expensive at RM 1,000 psf circa and indeed, I personally rate it very risky given such overprice at such location, but anyhow, a good location compare any others above in terms of commercial urban.

The tenants pull by TMS could be very crucial after 4 years completion and it they overcome this critical issue, the ultimate would be there to eclipse more potential visitors of Empire Subang and even MV.

I very impressed with the Icon City new accessibility where we can entry & exit from almost any traffic flow from Federal and LDP, into the commercial hub and separate traffic to the residence buildings.

Let's see whether TMS able to overcome this and they are bullish enough to pull some major anchor tenants to here. If they did, Soho or Studio of Sunway South Quay, Empire Subang would be in critical mass, not to mention Dorsett Subang or DK City, which would even fast forgotten.

I reserved 1 unit 675sqf@577K aft 5%. Absolute price is still ok. PSqf is a bit high. Potential of this IMHO is good due to its mixed development with final Masterplan completion due 2019.

As an armchair commentator, plan for plan, imho metropark may b better as they have hospital, twonhouses and education institution. Others are pretty similar... Residence, hotel, soho, retail and offices. Although both have not reveal much other than the sold or selling phases.

But I think 12_15 years is too far away. The world will change. Needs and demand will change. For better or worst I rather go with a plan I can touch and feel sooner than later.

As for Garden, I don't know enuf of its masterplan. Gardens has star value in MrT though. Many may see it as more than sufficient to strike out icon city. But icon city has better road connection and it is closer to other major towns and city. And look at Singapore... Despite its super efficient public transport, every singaporean dream to have CAR as one of their 5Cs of life. Car will get cheaper as we go along judging by govment election pledge. Also Business travellers don't take mrt to meetings anyway.

As for freehold, I love them but they are really overrated. Nonetheless I seek freehold whenever possible. But I should take in evrything else in consideration.

My 1cents opinion la. Feel free to correct me and put me in the right place hehehe.

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.

Dunno why. Dun hav good feeling on this development. Feel like it has been there for long time...

Yup. Despite 2nd phase is cheaper at rm830psf as compared to rm1000psf, many are still not buying. Those who were confident in last page of this thread, please help Mah Sing la. Give some face to them.

This location has no attraction. Ppl still comparing it with Tropica n Eco City, totally different league, lol. ZzzzzzZzzz... this development has bad feng shui same to the icon @ MK.

For this price I better go buy elements @ ampang. M-city made elements looks cheap. Mah Sing still canot fight SP or Tropicana la...

By the way, I think the embassy area is still undervalued. U Thant will be another hot spot.

PJ Sentral is supposed to be the no.1 PJ landmark. Let's see what happens in the MRCB-NGD-PKNS saga.

Icon City is the landmark between PJ North (PJ Utara) and PJ South (PJ Selatan).

In the meantime, another megaproject called Datum In-City (formerly known as PJ Elevated City) will come up just across Icon City. This is Tan Sri Khalid's biggest project - long time ago the proposal shows this:


la verde eco city of petaling jaya (pj elevated city)


pj elevated city (datum in-city @ pj west)

Klcc too expensive for local, and too congested and too hard to find local nice food, PJ and subang jaya still the top choice for local living especially chinese, look at ss2 condo, oledy transc at more than half million for 1000++ sqf unit, demand is strong

price could be cheaper as these cater to lower-income workers there...

Dun understand why. Kl is not hk nor singapore.

i still dont understand.

U mean the those low cost apt? On the bright side, Icon city is self contained. Also none of the residence block overlooking those low cost apt.
Btw boss, how's the sales so far?

About 200 people attended the event...

Okay food with wine thrown in...

Mah Sing assigned a presentor (not the COO) who is IMHO not with strong presentation skill n didn't demonstrate passion n energy...

Key selling points from presentation:

1. Good location with several future traffic enhancement
2. Only Tower 1 and 2 are pure residential (exluding the Sovo), total 500 plus units to meet demand form the many offices there, almost fully sold . Asked what are the big name companies n answer was yet to be informed by management. Only shout about was MS HQ will be there
3. All the 30 Jewels fully sold
4. Rental rate can fetch...RM5 psf like Bangsar South. Is it true BS this rental rate? Can Icon City fetch this rate in future?
5. Asked in Phase 2 who is the Hotel operator, answer was not confirmed yet. Think of it, MS actually has no success example of retail. Tropicana at least has one Tropicana City Mall. Glomac also tak ada...
6. The presentor said this is a project with high visibility, can you find any other 20 acres integrated development along the federal highway? Nobody answered. So is it correct? 

All the units are really bare, no aircond, even bath room was basic...

The east facing was told sungei way landed...what is that and where are the low cost flats?

The one facing park (phase 1: 2 acres and phase 2: 2 acres. Total 4 acres park) more expensive but IMHO so enclosed n less sunlight, really no good...

For the small units, the 717 dual key unit was the most booked...have 2 electricity meters...and 2 carparks...Got a connecting door between the "2 units within unit"...was told the wall between the 2 units not shear wall so can be hacked n converted...can get agents to rent out in future as 2 hotel rooms for short stay...THIS ONE DOABLE???

1 room rent Rm200 n assume 50% occupancy (15 days), gross rental RM6000. Assume RM1500 for cleaning n utilities...net RM4500...CAN WORK???

Me too

Now exploring SUNWAY geo

Mah sing has a sales gallery in singapore,  showcases icon city n m city. See got singapororean buy anot....