i-City, Shah Alam

i-City is a freehold integrated office, residential & retail hub located in Shah Alam, Selangor. It consists of Central Tower, Central i-City, Hill10 Residence, Hyde Tower, Liberty Tower, Parisien Tower, The Jewel, i-Residence, i-SOHO, i-SOVO and i-Suite. The built-up available at this project is 566 sf to 1,361 sf for apartment units, 1,455 sf to 1,503 sf for retail units, 3,000 sf to 12,000 sf for offices and 465 sf to 466 sf for SOHO units. It was developed by i-City Properties Sdn Bhd, and was completed in about 2015.

i-City Properties Sdn Bhd is a medium-sized real estate organization held privately, and it has constructed around 12 real estate projects in Malaysia. Other similar projects by the same developer are Central Tower, Central i-City, Hyde Tower, Liberty Tower, Parisien Tower, The Jewel, i-Residence, i-SOHO, i-SOVO and i-Suite.

The only amenities nearby this integrated office, residential & retail hub are some schools. Several of the schools here are Baseerah International School (Shah Alam), SJK (T) Ladang Midlands, SK Seksyen 7, SRA Integrasi Dato Mufti Yusof Sahabuddin, SRA Integrasi Seksyen 7, Sekolah Safinatun Najah S7 and Tadika & Sekolah Islam Integrasi Safinatun Najah.

The current market prices for i-City are from RM500,000 to RM690,000 (about RM930 psf) for apartment units, RM2,100,000 to RM8,400,000 (about RM700 psf) for offices and RM320,000 to RM380,000 (about RM820 psf) for SOHO units; while the monthly rentals are from RM1,200 to RM1,500 (about RM2.30 psf) for apartment units, RM3,500 to RM3,600 (about RM2.40 psf) for retail units, RM800 to RM5,800 (about RM1.80 psf) for offices and RM1,100 to RM1,200 (about RM2.46 psf) for SOHO units. The highest median price psf ever recorded was RM759 psf in Q2 2014 (Apartment), RM2,327 psf in Q4 2013 (Retail), RM700 psf in Q3 2019 (Office) and RM884 psf in Q4 2019 (SOHO); while the lowest one was RM469 psf in Q3 2013 (Apartment), RM2,327 psf in Q3 2013 (Retail), RM700 psf in Q2 2018 (Office) and RM541 psf in Q3 2012 (SOHO).

The current rental yield of i-City is 3.61% for apartment units and 2.82% for SOHO units. The highest rental yield ever recorded was 6.0% in Q1 2019 (Apartment) and 5.63% in Q3 2015 (SOHO); while the lowest one was 2.61% in Q4 2016 (Apartment) and 2.82% in Q4 2019 (SOHO). Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at i-City for apartment units is 1-bedroom / 566 sf with a median price of RM930 psf. For price wise, the most expensive one is 1-bedroom / 566 sf with a median price of RM930 psf; while the cheapest one is 4-bedroom / 1,361 sf with a median price of RM510 psf.

Meanwhile, the most popular layout and size combination at i-City for retail units is 1,503 sf with a median rental of RM2.40 psf. For rental wise, the most expensive one is 1,503 sf with a median rental of RM2.40 psf; while the cheapest one is 1,455 sf with a median rental of RM2.40 psf.

Meanwhile, the most popular layout and size combination at i-City for offices is 12,000 sf with a median price of RM700 psf. For price wise, the most expensive one is 12,000 sf with a median price of RM700 psf; while the cheapest one is 3,000 sf with a median price of RM700 psf.

Lastly, the most popular layout and size combination at i-City for SOHO units is 1-bedroom / 465 sf with a median price of RM820 psf. For price wise, the most expensive one is 1-bedroom / 466 sf with a median price of RM820 psf; while the cheapest one is Studio / 466 sf with a median price of RM690 psf.

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