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Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic

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kochin
post May 21 2011, 07:27 AM

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QUOTE(UFO-ET @ May 21 2011, 04:21 AM)
Better in terms of price? location? ease of tenancy?
mind to share?
Icon I also takut-takut...price / sf not cheap also
*
in terms of products, both are unique but icon city have the luxury of space to play around a bit and space out their buildings/components.
location, both are acceptable and prime area but again icon city have a slight advantage in terms of accesibility and unobstructed view from surroundings.
ease of tenancy. difficult to say. maybe m-city will have more ready tenants.
other factors:
m-city faces a fair bit of competition from surrounding developers. icon city main competition will come from paradigm by wct at kelana jaya?
m-city is much nearer to kl city centre. icon city enjoys federal highway conveniences (or inconveniences depends on how you look at it).

one special note. TMS is vested in m-city, m-suites, the icon @ JTR. they will need to promote all 3 and all 3 might be fighting for the same market share. else icon city, TMS will be marketing it against other developers.
i believe their hq is dated and should be relocated. but the big question is where are they gonna go? logically should be the icon but they sold it enbloc. where they go, it bounds to bring additional associates that work with them to set up offices. and am sure TMS will at least make their own HQ flourishes.
my 2 yen.
cutealex
post May 21 2011, 08:14 AM

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Received this..

Just share... icon_rolleyes.gif

This post has been edited by cutealex: May 21 2011, 08:15 AM


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tensai71
post May 21 2011, 09:28 AM

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QUOTE(kochin @ May 21 2011, 07:27 AM)
in terms of products, both are unique but icon city have the luxury of space to play around a bit and space out their buildings/components.
location, both are acceptable and prime area but again icon city have a slight advantage in terms of accesibility and unobstructed view from surroundings.
ease of tenancy. difficult to say. maybe m-city will have more ready tenants.
other factors:
m-city faces a fair bit of competition from surrounding developers. icon city main competition will come from paradigm by wct at kelana jaya?
m-city is much nearer to kl city centre. icon city enjoys federal highway conveniences (or inconveniences depends on how you look at it).

one special note. TMS is vested in m-city, m-suites, the icon @ JTR. they will need to promote all 3 and all 3 might be fighting for the same market share. else icon city, TMS will be marketing it against other developers.
i believe their hq is dated and should be relocated. but the big question is where are they gonna go? logically should be the icon but they sold it enbloc. where they go, it bounds to bring additional associates that work with them to set up offices. and am sure TMS will at least make their own HQ flourishes.
my 2 yen.
*
Taikor, Mah Sing will stay put in Sungai Besi la due to Feng Sui.

I like both M City and Icon City but my guess is that Icon City will likely be more expensive. What I like about M City is it's proximity to the Ampang expat enclave, international schools and 8 to 10 min from KLCC via AKLEH. My preference for M City is also SOHOs over studios or serviced residences due to the sheer number of studios and serviced residences from M Suites, Elements etc. No SOHOs around this area save for that cheapo looking Axis in Pandan or something, which is in another area and definitely of a different market segment. SOHOs are more versatile.

Icon City also presents itself as a potentially good product with ready market from Industries in Shah Alam, PJ and Bandar Sunway.

Ironically, both M City and Icon City are situated at the cross-section of major highways and key main roads, ie. Jalan Ampang/MRR2 and Federal Highway/LDP....both also have flyovers right in front.

My verdict is both M City and Icon City are good products and if you wish to enter, be the 1st movers.
1ullaby
post May 21 2011, 09:39 AM

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And my money is always on mah sing moving "upstream" to tun razak icon instead of either icon city or mcity.
properganda
post May 21 2011, 10:29 AM

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QUOTE(1ullaby @ May 21 2011, 09:39 AM)
And my money is always on mah sing moving "upstream" to tun razak icon instead of either icon city or mcity.
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But icon tun razak is to project purely on corporate image. they are already there with the showroom gallery.

like what tensai said, I suspect the old Wisma MS is for FS purposes. Same like Southgate opposite, when Nichi Fashion City sold that plot of land, they moved to F&N park, but eventually decided to rent back from MS in Soutgate coz biz has been going downstream since.

icon-city is nice, i like the cubist design., M-city would be the multi-level landscaping 'wow" factor. locationwise, both has its draw, but the tenant profile should be a vast difference. Again, my feeling is that M-city will trump if they can get the right trade mix into the retail... The many units will fall into place, hopefully.

This post has been edited by properganda: May 26 2011, 10:27 AM
kochin
post May 21 2011, 02:30 PM

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QUOTE(tensai71 @ May 21 2011, 09:28 AM)
Taikor, Mah Sing will stay put in Sungai Besi la due to Feng Sui.

I like both M City and Icon City but my guess is that Icon City will likely be more expensive. What I like about M City is it's proximity to the Ampang expat enclave, international schools  and 8 to 10 min from KLCC via AKLEH. My preference for M City is also SOHOs over studios or serviced residences due to the sheer number of studios and serviced residences from M Suites, Elements etc. No SOHOs around this area save for that cheapo looking Axis in Pandan or something, which is in another area and definitely of a different market segment. SOHOs are more versatile.

Icon City also presents itself as a potentially good product with ready market from Industries in Shah Alam, PJ and Bandar Sunway.

Ironically, both M City and Icon City are situated at the cross-section of major highways and key main roads, ie. Jalan Ampang/MRR2 and Federal Highway/LDP....both also have flyovers right in front.

My verdict is both M City and Icon City are good products and if you wish to enter, be the 1st movers.
*
don't get me wrong. do think m-city is currently king of the crop in that particular strecth currently.
but between icon city versus m-city, i suspect icon city would have better cap app. yield wise would be a tough call between these two.
with m-city close to city centre, it is at a dillemma. big companies will stay in city center or kl sentral. why would they go out of the golden triangle? so m-city might have some big companies but not a lot. therefore i have a feeling although rent should be higher for m-city but foresee higher turn around for tenants. think longer terms tanants with less problem will be for icon city. that's why when all are factored in, fore see yield should be kinda equal.
icon city wise would be different. it might serve as showpiece gallery for big names. they will be fighting for FH frontage as a lot (and i do mean a lot) of vehicles pass through FH everyday. much much more than akleh or jalan ampang actually. pj is kinda starving for a big corporate project.

TSaccetera
post May 21 2011, 03:46 PM

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the 1,800 units is giving a competitive nature to this project, thus could surpress the rental yield in the longer run

having said that, I do understand there's an "influx" of demand from foreign/local companies around this tun razak area

in the end, most buyers would be tempted because this is a "close-to-KLCC" type of development and offers one of its kind lifestyle concept in KL
mrPOTATO
post May 21 2011, 04:51 PM

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If going into this project, take the block facing jlnAmpang, can see klcc. Certain units in the behind block can c klcc too. I think the main selling point of city condos are the klcc view. Facing garden, arguable if the trees can be so big & nice as in ad.
properganda
post May 21 2011, 06:32 PM

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QUOTE(mrPOTATO @ May 21 2011, 04:51 PM)
If going into this project, take the block facing jlnAmpang, can see klcc. Certain units in the behind block can c klcc too. I think the main selling point of city condos are the klcc view. Facing garden, arguable if the trees can be so big & nice as in ad.
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Actually from the artist's impression, the available orientation are :-

1. south-facing - jalan ampang / lake view.
2. north facing - ulu kelang-melawati (plaza ampang city) / the lagoon & garden view.

For the SoHo block, very unlikely can see tje KLCC twin towers. My personal preference is the lagoon & garden view. Any bosses went to view the showunit today? Any feedbacks? Preview booking for M-Club & VIP is next Friday as scheduled, very much confirmed this time. Other information to share that u may ask openly now :-

RM20K booking Fee
Early Bird discount (pending confirmation)
10:90 DIBS
Comes with 1 carpark
Maintenance abt 0.30-0.40 psf (quite standard)

The freebies or rather "priced-in" package :-

- shoe cabinet at the entrance
- full kitchen, with top-hung, table top, cooking hood & hob (induction type), built-in 2-in-1 microwave oven
- full height wardrobe / filing cabinet in the room
- fully fitted bathroom (vanity mirror, basin, lower cabinet, shower-set + screen & rain shower
- polished tiles all-round with laminated flooring for room(s)
- glass balustrade for staircase (duplex) + laminated steps
- fully aircond with plastered conceal ducting from compressor to designated venting areas

For those who can still qualify 90% loan margin, this is as good as it gets, maybe only about RM30-40K downpayment, and sit back, watch how MS price the subsequent phases.
henryhing
post May 21 2011, 06:52 PM

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QUOTE(properganda @ May 21 2011, 06:32 PM)
Actually from the artist's impression, the available orientation are :-

1. south-facing - jalan ampang / lake view.
2. north facing - ulu kelang-melawati (plaza ampang city) / the lagoon & garden view.

For the SoHo block, very unlikely can see tje KLCC twin towers. My personal preference is the lagoon & garden view. Any bosses went to view the showunit today? Any feedbacks? Preview booking for M-Club & VIP is next Friday as scheduled, very much confirmed this time. Other information to share that u may ask openly now :-

RM20K booking Fee
Early Bird discount (pending confirmation)
10:90 DIBS
Comes with 1 carpark
Maintenance abt 0.30-0.40 psf (quite standard)

The freebies or rather "priced-in" package :-

- shoe cabinet at the entrance
- full kitchen, with top-hung, table top, cooking hood & hob (induction type), built-in 2-in-1 microwave oven
- full height wardrobe / filing cabinet in the room
- fully fitted bathroom (vanity mirror, basin, lower cabinet, shower-set + screen & rain shower
- polished tiles all-round with laminated flooring for room(s)
- glass balustrade for staircase (duplex) + laminated steps
- fully aircond with plastered conceal ducting from compressor to designated venting areas

For those who can still qualify 90% loan margin, this is as good as it gets, maybe only about RM30-40K downpayment, and sit back, watch how MS price the subsequent phases.
*
Isnt the preview today?? How any feedback?
properganda
post May 21 2011, 07:10 PM

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QUOTE(henryhing @ May 21 2011, 06:52 PM)
Isnt the preview today?? How any feedback?
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Preview, as in, project rendering and showroom viewing available from today.

Preview "Booking" and firmed-up details is from next Friday, for priority registrants, presumably VVIPs, M-Clubsters, Staff etc.
kochin
post May 21 2011, 07:58 PM

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nobody went to see the soho today??
btw, got invite for kl eco city today through email and sms.
the invite is for tmrw.
properganda
post May 21 2011, 09:29 PM

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QUOTE(kochin @ May 21 2011, 07:58 PM)
nobody went to see the soho today??
btw, got invite for kl eco city today through email and sms.
the invite is for tmrw.
*
This KL Ecocity can be doing a lot of projects a big favour when ppl see the launch price, suddenly everywhere, anywhere seem cheap.. M-City, Elements etc. may just benefit from it, regardless of the location really.
dcon
post May 21 2011, 09:52 PM

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Where would be the sales office? does it near to ampang point, may place a visit tomorrow.
properganda
post May 21 2011, 09:56 PM

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QUOTE(dcon @ May 21 2011, 09:52 PM)
Where would be the sales office? does it near to ampang point, may place a visit tomorrow.
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Go to their show gallery in The Icon, Jalan Tun Razak, the building along the stretch between the BMW/Mini showroom and the US Embassy.
TSaccetera
post May 21 2011, 11:06 PM

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QUOTE(properganda @ May 21 2011, 09:29 PM)
This KL Ecocity can be doing a lot of projects a big favour when ppl see the launch price, suddenly everywhere, anywhere seem cheap.. M-City, Elements etc. may just benefit from it, regardless of the location really.
*
quite true
Pai
post May 22 2011, 12:00 AM

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QUOTE(properganda @ May 21 2011, 06:32 PM)
The freebies or rather "priced-in" package :-

- shoe cabinet at the entrance
- full kitchen, with top-hung, table top, cooking hood & hob (induction type), built-in 2-in-1 microwave oven
- full height wardrobe / filing cabinet in the room
- fully fitted bathroom (vanity mirror, basin, lower cabinet, shower-set + screen & rain shower
- polished tiles all-round with laminated flooring for room(s)
- glass balustrade for staircase (duplex) + laminated steps
- fully aircond with plastered conceal ducting from compressor to designated venting areas

For those who can still qualify 90% loan margin, this is as good as it gets, maybe only about RM30-40K downpayment, and sit back, watch how MS price the subsequent phases.
*
boss u finally made it here smile.gif


Am never a big fan for MS as I found their price is always at premium VS other offerings....................but they are quite generous in freebies if the above remains...............not bad esp when compare ML's Elements...........n think their execution r better than ML's............


For this project...............getting in early is the key.............. wink.gif
tensai71
post May 22 2011, 08:44 AM

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QUOTE(Pai @ May 22 2011, 12:00 AM)
boss u finally made it here  smile.gif
Am never a big fan for MS as I found their price is always at premium VS other offerings....................but they are quite generous in freebies if the above remains...............not bad esp when compare ML's Elements...........n think their execution r better than ML's............
For this project...............getting in early is the key..............  wink.gif
*
Surprisingly, MS did not price M City at premium if based on indicative pricing, where as ML's Elements have been priced at a premium. M City is many notches above Elements in all areas (location, design and concept, reputation and specs) but yet psf price is lower.

GlobalKL
post May 22 2011, 09:05 AM

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QUOTE(tensai71 @ May 22 2011, 08:44 AM)
Surprisingly, MS did not price M City at premium if based on indicative pricing, where as ML's Elements have been priced at a premium. M City is many notches above Elements in all areas (location, design and concept, reputation and specs) but yet psf price is lower.
*
lower compare to Element but not surrounding. No need to think twice about this project.
properganda
post May 22 2011, 11:52 AM

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QUOTE(GlobalKL @ May 22 2011, 09:05 AM)
lower compare to Element but not surrounding. No need to think twice about this project.
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No need to think twice "To Invest" or "Not To Invest"?? hmm.gif

I sort of agree with Tensai. Their unique proposition in the multi-level thematic gardens and lagoon, is a refreshing concept along the whole extended stretch of Embassy Row. But the biggy surprise was, esp talking about MS, the actual psf pricing is very close, to the indicative pricing esp after the cash rebate.

If I remmeber correctly, Elements' early-birdy was to place 20K booking, then Zero payment upon S&P. Essentially means that the cash rebate is the 10% less the 20K booking fee, works out to about 30K rite? Anyone, pls share.

Ok, here's what I speculate. I suspect the cash-rebate can be quite attractive and could be hot-heels going by the hint of similarity in Elements' structure and the Capers' psychology play by virtue :-

1. M-City is also asking 20K booking
2. The actual early-bird could be priced just a tad lower than indicatives ala YTL's Capers?

Somehow, I have not decided whether to buy yet, because they have adjusted the sizes bigger. Very likely will just follow the taikor and groupies. Yes and again, with MS' projects, early-bird and paper-gains is key, better than nothing.


Added on May 22, 2011, 12:04 pm
QUOTE(Pai @ May 22 2011, 12:00 AM)
boss u finally made it here  smile.gif
Am never a big fan for MS as I found their price is always at premium VS other offerings....................but they are quite generous in freebies if the above remains...............not bad esp when compare ML's Elements...........n think their execution r better than ML's............
For this project...............getting in early is the key..............  wink.gif
*
Bro, I think this M-City, if MS stick to their original size or better still, squeeze more units into smaller sizes of 500 sqf apiece, it could be the luxury version of AXIS. And when the price dips 3xxK range, whether MS or ML, it will fly lor. tongue.gif But being MS, they're still trying to digest such concept, I guess.

This post has been edited by properganda: May 22 2011, 12:04 PM

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