2 Tower of i - SOHO ( Phase 1 ) will Official Launched by I - Berhad on 31 May 2013.



I-Berhad and Thailand's CPN in RM580m mall JV



News Advertised

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http://biz.thestar.com.my/news/story.asp?f...28&sec=business

http://www.mmail.com.my/story/cpn-manage-i-city-mall-56128

http://biz.thestar.com.my/news/story.asp?f...72&sec=business

i - SOHO PACKAGES
- From RM 283,600 - RM 626,700
- Booking Fees RM 5000.
- DIBS ( Development Interest Bearing Scheme )
- Early Bird Discount 5 %
- Free SPA Legal Fees
- Partially Furnished ( Air Conditioners for all Room , Washing Machine, Fridge, Kitchen Cabinet With Hob & Hood.

Facilities
- 50m Infinity Lap Pool & Children Pool & Playground( Level 11 )
- Gym
- Multipurpose hall
- Retail ( Ground Floor & 1sft Floor Connected to the Shopping Mall )
- Cafe
- Rooftop Garden



This post has been edited by Paradise_Trader: May 29 2013, 05:00 PM

The Price NO INCREASED YET.

The TOWER A1 = 80 % SOLD
The Tower A = Now Open for Sales

This post has been edited by Paradise_Trader: May 29 2013, 01:10 PM

i-City mall to get wax museum

Author: value_investor | Publish date: Mon, 20 May 11:39 | >> Read article in Blog website

I-Berhad chief executive officer Datuk Eu Hong Chew said a 25,000 sq ft wax museum in i-City is under construction and will open by early August. If viable, the 1.5m sq ft mall may also feature a water themepark on the rooftop, he added. "The idea is to integrate all our tourism products at i-City into the mall so that we can free up space for further developments," Eu said last week. The current operating leisure assets at i-City include the 300,000 sq ft water themepark and the 50,000- sq ft Snowalk. (BT)

Source: CIMB Daybreak - 20 May 2013

Sources :

Our Sales Gallery Located at Insides I-City @ Shah Alam, Selangor.

I-Berhad 4251 Plans to open I-City 2 Out of Klang Valley.





This post has been edited by Paradise_Trader: May 29 2013, 07:30 PM

I-Bhd envisions different shopping experience with CentralPlaza project

I-BHD is bringing Malaysians a different shopping experience with the planned opening of the CentralPlaza@i-City mall at its flagship property development in Shah Alam.

CentralPlaza@i-City's development will offer shoppers looking for an alternate experience with a Thai flavour away from most of the retail offerings found in the country today.

I-Bhd's founder Tan Sri Lim Kim Hong says that this runs parallel with the company's aim to establish a mall to complement the existing Japanese, Hong Kong or Singaporean-style retailing that is most commonly found in Malaysia at present.

The mall will be situated on I-Bhd's RM5bil gross development value (GDV) i-City property development. CentralPlaza@i-City will be developed on a 11.12 acres plot of land with gross floor area of 1.5 million sq feet and total net leasable area of close to 1 million sq ft.

The mall is a joint venture (JV) between I-Bhd and its Thai partner CPN Global Co Ltd with a 40:60 ownership ratio respectively. CPN will own its stake through two subsidiaries: CPN Real Estate Sdn Bhd and CPN Malls Malaysia Sdn Bhd while the remainder will be owned by I-Bhd's subsidiary i-City Properties Sdn Bhd.

The CPN led JV will see the Thai company designing, building and managing the mall.

CPN's president and chief executive officer Kobchai Chirathivat tells StarBizWeek that the mall will give shoppers a retail experience different from the rest of the market.

“The concept will be unique from the other malls around here in Malaysia. We will try to differentiate and create something away from the other malls to add value to this city for the consumer and the vicinities,” Kobchai says.

He explains the mall will be different in terms of design, ambience and genre from retail offerings currently.

“We will bring Thai retailers to this mall. Many of them have expressed their interest including the leading ones such as fashion stores. The Thai element will be quite high compared to the other (malls). We have seen some Thai retailers enter Malaysia but we are trying to create a strong concentration of Thai retailers,” Kobchai says.

“We are also targeting international retailers and brands wanting to expand in Asia and who are not here yet. These also include the regional players, some from China, the Philippines and Indonesia,” he adds.

CentralPlaza@i-City will target the middle to upper middle income market segment of the local populace. This is also the same group of people that is expected to populate i-City and its vicinity eventually.

While it is still too early to talk about the specifics of the mall, Kobchai notes that extensive market research is being done presently before construction starts next year. The mall is expected to complete at the end of 2016.

He also notes that CPN is able to offer the diverse retail experience due mainly to the company's presence in other countries as well. Other than being based in Thailand, CPN also operates three department stores in China, 11 in Italy, one in Denmark, four speciality stores in Vietnam and another in Indonesia, Jakarta that is scheduled to open next year.

Central Pattana PCL is the biggest retail and property developer in terms of market capitalisation listed on the Stock Exchange of Thailand (SET). It is presently the 16th largest stock in terms of market capitalisation on the SET with over 30 years of experience since its inception in 1980.

CPN's core businesses comprise the development of large-scale shopping complexes and provision of retail space for lease and services. Presently, CPN manages 21 shopping complexes and owns 18 of these projects while three are leased out to the CPN Retail Growth Leasehold Property Fund.

Other than shopping complexes, Central Pattana also develops, owns and manages seven office buildings, two hotels and two residential properties in Thailand.

It is these expertise by CPN and the strategic offering by I-Bhd that brought these two parties together for the development of this mall.

According to I-Bhd's chief executive officer Datuk Eu Hong Chew, the idea for this JV was mooted two years ago while serious discussions only started a year ago.

“I am happy to say that the culture at the Central Group is in line with ours here at I-Bhd. These include the strong professional elements (in both companies) as well,” Eu says in his speech during the signing of the JV earlier in the week.

Meanwhile, asset consultancy firm Henry Butcher Malaysia's director Lim Eng Chong tells StarBizWeek that the move both JV companies was a strategic one given the location vicinity of the i-City development.

“I think this makes a lot of business sense, and the move to offer an alternative retailing experience will help CentralPlaza@i-City position itself and carve out a niche in the industry that is considered saturated at the moment,” Lim says.

The Central Group with their diverse shopping malls in Thailand also has their own following amongst Malaysians and bringing this retail experience will help it position itself among these crowds,” he adds.

Indeed the development of this niche mall will likely to attract the crowds that have yet to be tapped by other marketeers and retail developers in Malaysia.

Central Pattana upbeat on retail sector here



Central Pattana pcl (CPN), Thailand’s largest retail developer, sees Malaysia as its key growth driver in the region as the group plans to leverage on the single Asean market initiative.

CPN, with a cash reserve of nearly four billion baht (about RM406 million) as at end-2012, earns most from businesses in Thailand.

A subsidiary of conglomerate Central Group of Companies, the company plans to replicate Central Group founder Tiang Chirathivat’s success in Thailand here.

CPN chief executive officer (CEO) Kobchai Chirathivat said Malaysia, which is on track to achieve gross domestic product growth of five to six per cent this year, offers a lot of opportunities for the setting up of malls.

“We understand Malaysia has a lot of space for more malls, hence we want to replicate some of our projects in Thailand here. When we build the malls, the concept will be unique in nature,” Kobchai told Business Times in an interview last week.

Central Group is owned by the Chirathivat family, Thailand’s second wealthiest, with a net worth of US$6.9 billion (RM20.8 billion), according to Forbes magazine.

CPN’s plan to venture into Malaysia comes at a time when the company is growing at a rate of 30 per cent a year.

It is understood the company has set aside a war chest of US$324 million a year to build more malls.

It currently holds the biggest share of Bangkok’s retail market, at 24 per cent. It manages 21 malls, seven office buildings, two hotels and two residential towers, all spanning over two million square metres.

Last year, CPN’s revenue stood at 17.69 billion baht, a jump by a third from 12.77 billion baht in 2011.

The company will pour in some cash to help build a 1.5-million sq ft mall at i-City in Shah Alam, in a joint venture with I-Berhad.

The mall is estimated to cost US$200 million and will be partly funded by I-Berhad, the master developer and project owner of i-City.

Tiang, an immigrant from China, started a general merchandise store in 1947 in the Samphanthawong district, Bangkok’s Chinatown.

The store eventually evolved into a giant family-owned corporation with interests in mercantile, real estate, retailing, hospitality and restaurant businesses in Thailand.

- Business Times

CPN makes foray into Malaysian retail

Central Pattana Plc, Thailand's leading retail property developer, has entered into a joint-venture agreement with a Malaysian developer to build a 580-million-ringgit (5.73-billion-baht) shopping mall...

Please credit and share this article with others using this link:http://www.bangkokpost.com/breakingnews/349835/cpn-makes-foray-into-malaysian-retail. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.

The Project that you showed was i-SOVO, Small Office Versatile Office.

The i-SOVO are fully sold since last year.

Now Current Launching will be the i- SOHO.

I - City @ Shah Alam declared under International Zone which mean is allowed 24 hours business and entertainment.

For the Smallest Unit , the Price will stated around RM 630 per square feet for the smallest unit.

Thai firms voices confidence to invest in Malaysia

Kuala Lumpur - Thailand's largest retail developer said that it has confidence to invest in Malaysia, citing the stable political situation and the just-elected government's majority support in Parliament.

Central Pattana Plc CEO Kobchai Chirathivat told local reporter on Monday that Malaysia is politically stable with its economy managed conservatively with stable interest rates for the last 10 years compared to other countries in the region.

Central Pattana signed a joint-venture agreement with Malaysia' s I-Bhd company on Monday. it will incorporate two local subsidiaries - CPN Real Estate Sdn Bhd and CPN Malls Malaysia Sdn Bhd - to hold 60 percent in the joint venture with the remaining 40 percent to be held by i-City Properties Sdn Bhd, a fully-owned subsidiary of I-Bhd, to build a shopping mall in i-City.

Chirativat said business risks are lower here with Malaysian customers' behaviour much more advanced than their Thai counterparts.

He said the project is strategically located and well connected to Kuala Lumpur with several highway networks, and its location near an industrial park provides a pool of potential customers, while strong partners like I-Bhd will pull crowds to the area through its leisure hot spots like City of Lights, Water Theme Park and Snow-Walk.

Chirativat said they really had a strong belief in the economy of Malaysia which is growing at 5 to 6 percent each year.

Sources :

Trading in I-Bhd halted after MoU inked for RM580m mall


KUALA LUMPUR: Trading in I-Bhd was voluntarily halted for an hour from 9am on Tuesday following its announcement about its MoU with a Thai company to build a RM580mil mall in I-City, Shah Alam.

A Bursa Securities circular said trading its company's securities would resume at 10am.

On Monday, both companies had teamed up to build a 1.5 million sq ft mall in I-Bhd's flagship development i-City with a gross development value of RM580mil.

I-Bhd would have a 40% stake via i-City Properties Sdn Bhd (ICP) in the joint venture while CPN would have the remainder stake via two locally incorporated companies CPN Real Estate Sdn Bhd and CPN Malls Malaysia Sdn Bhd. Work starts next year and to be completed by end-2016.

Sources :

Tower A1 - 80% Sold.

Tower A - 70% Sold.

Phase 2 coming the plan with GRR.

Phase 2 targeting will launch in August 2013.

Still pending the pricing.

It will managed by Best Western.

Tower A1 Current Sales Chart by Dated 04 June 2013

As clarified ,

The 72 Acres of I-City is under International Zone Licenses.

It allowed the 24 Hours Business and Entertainment business.

It was total different from other land in Shah Alam.

Most attractive points is the Shopping Mall will open on 2016.

The direct access from Federal highway into Shopping mall and I-City.

The Show Room Located

The location :

I-City Properties Sdn Bhd
D-1-G, Jalan Multimedia 7/AJ,
CityPark, i-City, 40000 Shah Alam, Selangor