Now I understand the feeling buying MS property. Really thrilling to get a paper gain of RM80k in the first day...maybe another RM30-40K extra in the next 1 week. I kongsi 1 unit with my cousin at high floor (above 16 floor) facing Ampang lake, a double storey duplex 910 sq ft. My cousin knows someone in MS thus bought on the 1st day with full discount. Anyone interested to buy over my unit? Just pm me abd give me an offer. My cousin said transfer no problem as he knows people inside who can do it. Tq

now MCity and EcoCity = BBB....... (both got rumoured same line future MRT)

fully endorsed by LYN hahahaha...........

Anybody know what the sales status like for MS 400++ unit soho
I believe at least 70% sold now

can someone pls post some pictures or layout?

Anybody interested to take my unit? Loan not approved, so have to let go. My unit is a singleplex, level 16, facing Jalan Ampang. PM me for details

M City Jalan Ampang's first phase achieves 98% sales

Tags: 30 Jewels , Ampang Point , Damansara-Puchong Highway , Federal Highway , GBI , Great Eastern Mall , Green Building Index , Icon City Petaling Jaya , Kuala Lumpur Convention Centre , Leong Hoy Kum , M City Jalan Ampang , M Suites Jalan Ampang , Mah Sing Group Bhd , Sungai Way Free Trade Zone


By Lam Jian Wyn of theedgeproperty.com
Wednesday, 01 June 2011 14:47

KUALA LUMPUR: The first phase of Mah Sing Group Bhd's M City Jalan Ampang — comprising 180 semi-furnished units of designer SoHo suites — has seen 176 of its units, or 98%, taken up during its three-day launch starting May 27.

"Prospective buyers started queuing up outside our sales gallery since 5am, and the atmosphere was charged up as the gallery was packed with buyers," said group managing director Tan Sri Leong Hoy Kum in a statement on Wednesday, June 1.

The units were priced at RM800 psf on average, and featured single-storey types with build-ups from 781 sq ft to 1,066 sq ft and duplex units with built-ups from 910 sq ft to 1,330 sq ft.

Following the good response to the first phase, Mah Sing will be opening the next phase of M City, comprising 221 units of designer SoHo suites, for sale.

The development will also comprise residential suites, sky villas and retail outlets.

Designed to be Green Building Index (GBI) compliant, it will feature a garden city concept where over four acres of greenery partly in the form of thematic hanging gardens will come up at levels seven, 11, 17, 23, 29 and 35 of the development's high-rise homes.

With a gross development value (GDV) of RM1.4 billion, M City Jalan Ampang will be built on 4.7 acres of freehold land.

It is close to Ampang Point, Kuala Lumpur Convention Centre, Great Eastern Mall, Gleneagles Intan Medical Centre and the upcoming M Suites Jalan Ampang residences which is also being developed by Mah Sing.

"The strong take up adds to our confidence and we shall soon roll out two more projects namely Icon City Petaling Jaya and Icon Residence Mont'Kiara to meet this pent up demand for manageably-sized units in good locations," said Leong.

First up is Icon City Petaling Jaya, a RM2 billion mixed-development which will be built on a 19.6-acre tract of leasehold land at the Sungai Way Free Trade Zone at the junction of the Federal Highway and the Damansara-Puchong Highway.

The first phase of the project, 30 Jewels, saw 19 of its 30 units of shop offices sold. Currently, phase two which comprises two and three-storey retail lots, small office versatile offices (SoVo) and residential units, is open for registration.

The SoVos will have a built-up of 650 sq ft and 990 sq ft and will be priced from RM750 psf, with an expected preview date somewhere at end-June or early July. Other elements of Icon City include a hotel, corporate office towers and a retail mall.

Next, Mah Sing unveil the sales gallery and show units of its Icon Residence Mont'Kiara luxury highrise (GDV RM298 million). It will comprise 260 units of serviced suites in three low-density towers that are 26, 28 and 36 storeys each.

The units are partly furnished, have built-ups from 875 sq ft to 2,967 sq ft and are indicatively priced from RM1,200 psf.


http://www.theedgeproperty.com/news-a-view...s-98-sales.html

How much per sq ft?

Is this project selling well?

This post has been edited by ahnien: Jun 17 2011, 12:34 AM

Not sure how true is this, would this be another marketing gimmick?

I just got an email from the developer of M City, there's an upcoming 'promotion' on father's day. It got me thinking that maybe the sales of M City are not that good at all

may i know how much is the lowest priced unit?


thanks!

went to the sales office today and found out the info below

1. lowest price available now is about 650k for 800+sqft
2. expected rental is about Rm8.5/sqft ( dont know if it's true, how many expatriates will be renting there?)
3. maintenance fee is about Rm0.35/sqft
4. about 70% is marked with booking, claim that 50% is local buyer and remaining 50% are foreigners (korean, china, singaporean..etc) out of the 70% booking

is it a good buy?

Market rate is $8.5/sqft? Don't think so, if let say 850 sqft yield a rental of Rm7225 for merely 850 unit? Mah Sing must be trying to cheat potential buyers, doesn't matter if the location is in Ampang or Bangsar, it will not fetch this price.

hi anyone interested a unit in m city? i'm letting go this unit...PM me for detail.

rental rate in KLCC area around 4psf to 6psf.

Binjai on the park is claimed for rent about 7-8psf. LOL...


unless your unit is planned for daily rental rate for different short-term tenants (daily basis with full fledge services), whicch probably can go as high as 10psf to 15psf. kekeke

good in sales for this project?

why wana let go bro?
mah sing allow change name meh?

just curious, is there a 2nd phase launching? i heard phase 1 didnt finish selling..

not surprised that this is not selling well..overpriced for the location which is horrendous as far as traffic is concerned..
fair enough in KV traffic is bad but this area..omgosh, the people who did the road planning for this area need to have their heads examined..!

IMO, the concept is unique with the hanging gardens and there are niche units that are doable (investment wise) than the rest but all in all, too risky for
me due to pricing..MS is too optimistic..or rather too eager to max their profit leaving peanuts to buyers..