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 1,405 sf for apartment units, 1,655 sf to 3,827 sf for retail units, 436 sf to 1,084 sf for offices and 436 sf to 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 74 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 - 1,405 sf (Apartment)
1,655 sf - 3,827 sf (Retail)
436 sf - 1,084 sf (Office)
436 sf - 745 sf (SOHO)
Market Price
RM540,000 - RM1,150,000 (Apartment)
RM1,890,000 - RM6,390,000 (Retail)
RM470,000 - RM980,000 (Office)
RM430,000 - RM690,000 (SOHO)
Density
-NA-
Completed In
2016
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 RM540,000 to RM1,150,000 (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 RM430,000 to RM690,000 (about RM830 psf) for SOHO units; while the monthly rentals are from RM1,800 to RM2,600 (about RM2.67 psf) for apartment units, RM6,000 to RM12,000 (about RM3.63 psf) for retail units, RM1,200 to RM3,700 (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 Q4 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), RM1,287 psf in Q1 2019 (Retail), RM926 psf in Q4 2017 (Office) and RM832 psf in Q4 2018 (SOHO).

The current rental yield of Icon City is 3.35% for apartment units, 4.17% for retail units, 2.96% for offices and 3.18% for SOHO units. The highest rental yield ever recorded was 5.83% in Q3 2016 (Apartment), 4.17% in Q1 2019 (Retail), 4.35% in Q4 2017 (Office) and 4.63% in Q4 2017 (SOHO); while the lowest one was 3.08% in Q2 2017 (Apartment), 2.77% in Q1 2018 (Retail), 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 1-bedroom / 569 sf with a median price of RM950 psf; while the cheapest one is 3-bedroom / 1,405 sf with a median price of RM820 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 RM830 psf. For price wise, the most expensive one is 1-bedroom / 436 sf with a median price of RM990 psf; while the cheapest one is 2-bedroom / 745 sf with a median price of RM830 psf.

Latest Icon City for sale listings:

DateTypeBuilt-upPrice
TodayCondominium745 sfRM690,000
TodayCondominium675 sfRM360,000
TodayApartment594 sfRM580,000
YesterdayDuplex743 sfRM650,000
17-Apr-19SOHO745 sfRM700,000
14-Apr-19Condominium675 sfRM400,000
05-Apr-19Condominium675 sfRM400,000
05-Apr-19Condominium675 sfRM400,000
26-Mar-19Condominium717 sfRM630,000
25-Mar-19Condominium590 sfRM520,000

Latest Icon City for rent listings:

DateTypeBuilt-upRental
TodayApartment594 sfRM1,800
17-Apr-19SOHO1,094 sfRM5,500
17-Apr-19Shop-Office-NA-RM15,000
17-Apr-19SOHO436 sfRM1,300
15-Apr-19Condominium747 sfRM2,100
15-Apr-19Condominium569 sfRM1,250
14-Apr-19Condominium750 sfRM1,800
14-Apr-19Condominium750 sfRM1,800
13-Apr-19Condominium965 sfRM3,000
13-Apr-19Condominium767 sfRM2,000