Icon City, Sungai Way

Icon City is a leasehold integrated office, residential & retail hub located in Sungai Way, Petaling Jaya. It comprises 30 Jewels, Gourmet Street, Icon Residenz and i-SOVO. The built-up available at this project is 569 sf to 1,795 sf for apartment units, 1,655 sf to 3,827 sf for retail units, 436 sf to 1,084 sf for offices and 745 sf for SOHO units. It was developed by Mah Sing Group Bhd, and was completed in around 2016.

Mah Sing Group Bhd is a very big-scale property developer listed on Bursa Malaysia, and it has built about 65 property projects in Malaysia. Other similar projects by the same developer are Garden Plaza, Garden Residence, Kinrara Residence, M City, Savanna, Southbay, Southville City, Taman Damai Utama, Taman Sierra Perdana and The Meridin.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
569 sf - 1,795 sf (Apartment)
1,655 sf - 3,827 sf (Retail)
436 sf - 1,084 sf (Office)
745 sf (SOHO)
Market Price
RM550,000 - RM1,850,000 (Apartment)
RM1,890,000 - RM6,390,000 (Retail)
RM470,000 - RM980,000 (Office)
RM680,000 - RM690,000 (SOHO)
Density
-NA-
Completed In
2016
Developer
Mah Sing Group Bhd
Launch Price
-NA-

This integrated office, residential & retail hub has many amenities nearby, e.g. schools, universities and metro transport stations. The following are some schools here:

As for universities, there are Etrain College, Kasturi College International and Malvern International College.

The current market prices for Icon City are from RM550,000 to RM1,850,000 (about RM940 psf) for apartment units, RM1,890,000 to RM6,390,000 (about RM1,670 psf) for retail units, RM470,000 to RM980,000 (about RM930 psf) for offices and RM680,000 to RM690,000 (about RM910 psf) for SOHO units; while the monthly rentals are from RM1,800 to RM2,600 (about RM2.96 psf) for apartment units, RM6,000 (about RM3.63 psf) for retail units, RM1,300 to RM2,500 (about RM2.28 psf) for offices and RM1,600 to RM2,500 (about RM2.68 psf) for SOHO units. The highest median price psf ever recorded was RM1,046 psf in Q2 2017 (Apartment), RM1,672 psf in Q2 2018 (Retail), RM1,096 psf in Q1 2017 (Office) and RM1,066 psf in Q1 2017 (SOHO); while the lowest one was RM742 psf in Q4 2012 (Apartment), RM1,407 psf in Q4 2011 (Retail), RM926 psf in Q4 2017 (Office) and RM832 psf in Q4 2018 (SOHO).

The current rental yield of Icon City is 4.15% for apartment units, 2.96% for offices and 3.87% for SOHO units. The highest rental yield ever recorded was 5.83% in Q3 2016 (Apartment), 4.35% in Q4 2017 (Office) and 4.63% in Q4 2017 (SOHO); while the lowest one was 3.08% in Q2 2017 (Apartment), 2.91% in Q2 2018 (Office) and 3.16% in Q3 2018 (SOHO). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Icon City for apartment units is 3-bedroom / 907 sf with a median price of RM940 psf. For price wise, the most expensive one is 4-bedroom / 1,795 sf with a median price of RM1,030 psf; while the cheapest one is 3-bedroom / 1,405 sf with a median price of RM840 psf.

Retail Layouts

Meanwhile, the most popular layout and size combination at Icon City for retail units is 3,827 sf with a median price of RM1,670 psf. For price wise, the most expensive one is 3,827 sf with a median price of RM1,670 psf; while the cheapest one is 1,655 sf with a median price of RM1,140 psf.

Office Layouts

Meanwhile, the most popular layout and size combination at Icon City for offices is 745 sf with a median price of RM930 psf. For price wise, the most expensive one is 436 sf with a median price of RM1,080 psf; while the cheapest one is 1,084 sf with a median price of RM900 psf.

SOHO Layouts

Lastly, the most popular layout and size combination at Icon City for SOHO units is 2-bedroom / 745 sf with a median price of RM910 psf. For price wise, the most expensive one is Studio / 745 sf with a median price of RM930 psf; while the cheapest one is 2-bedroom / 745 sf with a median price of RM910 psf.

Latest Icon City for sale listings:

DateTypeBuilt-upPrice
TodayCondominium745 sfRM690,000
TodayApartment594 sfRM580,000
TodayCondominium569 sfRM565,000
TodayCondominium794 sfRM730,000
TodayCondominium594 sfRM580,000
TodayCondominium569 sfRM565,000
TodayCondominium750 sfRM680,000
TodayCondominium907 sfRM850,000
TodayCondominium907 sfRM850,000
YesterdayCondominium745 sfRM770,000

Latest Icon City for rent listings:

DateTypeBuilt-upRental
TodayCondominium745 sfRM1,900
TodayApartment594 sfRM1,800
10-Dec-18Room In Apartment-NA-RM900
09-Dec-18Office1,084 sfRM2,500
09-Dec-18Condominium922 sfRM3,000
09-Dec-18Retail3,532 sfRM10,000
09-Dec-18Retail1,655 sfRM6,000
09-Dec-18Duplex708 sfRM1,500
09-Dec-18Condominium907 sfRM2,800
09-Dec-18Condominium594 sfRM1,900