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 I-SUITE @ I-CITY Shah Alam, Serviced Residence Apartment in I-City

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davkong
post Apr 10 2015, 05:05 PM

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There are a few threads on different offerings in I-City, namely I-SOHO, I-Suite, Liberty and Parisien Tower. All these launches are actually under the same land plot and thus I believe the same DO, which is called the "SOHO plot" (total 7 towers -- 2 from I-SOHO, 2 from I-Suite, Liberty Tower, Parisien Tower and Hyde Tower). I guess their basic selling points (LRT, connectivity to mall) are the same, difference is the layout and ID themes only.

Currently, I'm preferring I-Suite (size 566sf) over Liberty/ Parisien due to:
a) More conventional layout whereby both the living room and bedroom have external view. Liberty/ Parisien 466sf type no view for the living room.
b) Cheaper psf, which for the lowest floor after all rebate is about RM696 compared to RM750 for the latest offering Parisien
c) 1 bedroom + 1 study room

Question: Is it worth investing into I-City if I'm looking for capital appreciation? Looking at the bigger picture, selling points are:
a) Central Plaza Mall - reputable mall operator, huge size
b) LRT station (walking distance but a bit far)
c) Ready infrastructure - direct entry from Federal Highway
d) International status - no restriction on F&B and entertainment, very rare in Shah Alam
e) Future iconic landmark The Jewel - potential price appreciation for surrounding properties
f) Participation of Thailand's Central Group in parcels of the development (the Mall plot and the Central Tower plot, including the Hilton, future convention centre, etc.)
g) Niche development concept in the immediate surrounding
h) MSC cybercentre status - potential pool of K-based workforce
i) Easy access to Federal Highway, NKVE, Shahpadu and future WCE
i) Heavily promoted by state government
j) Freehold development

Cons/ Risks:
a) Unfamiliar with the Shah Alam and Klang market - anyone can share their thought?
b) High density - SOHO alone from the 7 towers already more than 3000 units
c) No carparks provided, gotta rent
d) Higher price than immediate surrounding
e) Development might not go as planned
f) Limited capital appreciation and rental market

To compare, for the same entry price (sub RM400k), I can get a subsale 4xx sf studio unit at Empire City, leasehold, also no carpark, no LRT, but in a better acclaimed location, but capital appreciation might be limited too since this is already subsale.

Thoughts are welcomed. Happy Friday folks!
davkong
post Apr 13 2015, 06:36 PM

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Any Shah Alam or Klang folks can share your opinion on the pros and cons of investing in this location?

 

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