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

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tensai71
post May 17 2011, 07:25 PM

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QUOTE(properganda @ May 17 2011, 06:03 PM)
Any 1 interested in bulk purchase of this M-City? Apart from the lower price-points, the key is having the privilege to choose desireable units ahead of the rest.. pls pm me by today..

Preview planned for this Friday, some preliminary details are appended (subject to change). The expected launch is very close to the published indicative pricing, a bit of a surprise here..

Summary..

- Total Abt 1,800 Units @ 4.96 Acres
- Strata Freehold
- 10:90 DIBS
- Early-Bird Discount (Cash Rebate)
- Booking RM30,000
- VIP M-Club & Staff Preview Booking - Target 20th May 2011, Friday

Indicative Price Extracted From Website..

- Studio (500sqf) From RM398,800
- 1 Bedroom (680sqf) From RM510,800
- 2 Bedrooms (870sqf) From RM608,800
- 3+1 Bedrooms (1,560sqf) From RM1,015,800
- 3+1 Bedrooms Duplex (1,786sqf) From RM1,070,800
- Designer SoHo (700sqf) From RM528,800
- Designer SoHo (1,000sqf) From RM688,800
- SoHo Duplex (750sqf) From RM568,800
- SoHo Duplex (1,270sqf) From RM828,800
- Sky Villa 4+1 Bedrooms (> 2,150sqf) From RM2.5mil
- 3-Storey Boutique Retail [Individual Floor Strata, Enbloc Sale] (28*78) From RM1,600,000

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1st Phase Preview - SoHo Block (423 Units)

- 731sqf Designer SoHo - 231 Units
- 1,050sqf Designer SoHo - 60 Units
- 800sqf Duplex SoHo - 98 Units
- 1,300sqf Duplex SoHo - 30 Units
- 4,213sqf Sky Villa - 4 Units
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I believe this should be better than M Suites. M City's green concept is very nice and with retail or a mall below, this project will do very well if Mah Sing is able to attract high end tenants. With so many phases or units, the early birds will definitely have huge paper gains knowing Mah Sing.
tensai71
post May 18 2011, 11:48 AM

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QUOTE(properganda @ May 17 2011, 09:22 PM)
exactly.. the enormous paper gains for the 1st movers is synonymous to mah sing..


Added on May 17, 2011, 9:28 pm

the higher the number of units, the longer the race for the early-bird to build their margin.. the staged increase has to be introduced very cautiously so that, by the time of the final phase, there shudn't be many left-overs..

usually, when the 1st launch is priced correctly, the momentum from the response shud carry it throughout the lifespan of the project.. otherwise, it shud be screwed from the very begining, like their icon mk.. but in overall, ther're still a leader in pricing strategy.. hence the followers..
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Heard M City got few thousand registrants already, if can book before the thousands of registrants, that would be great thumbup.gif
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.
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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.
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
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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.

tensai71
post May 26 2011, 07:58 AM

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Heard there are people planning to queue up overnight for tomorrow's preview. Response is overwhelming.

 

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