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 79 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
RM520,000 - RM1,180,000 (Apartment)
RM1,890,000 - RM6,390,000 (Retail)
RM470,000 - RM950,000 (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 RM520,000 to RM1,180,000 (about RM910 psf) for apartment units, RM1,890,000 to RM6,390,000 (about RM1,670 psf) for retail units, RM470,000 to RM950,000 (about RM930 psf) for offices and RM430,000 to RM690,000 (about RM830 psf) for SOHO units; while the monthly rentals are from RM1,700 to RM2,600 (about RM2.93 psf) for apartment units, RM8,200 to RM10,600 (about RM4.95 psf) for retail units, RM1,200 to RM3,200 (about RM2.15 psf) for offices and RM1,300 to RM2,500 (about RM2.42 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 RM991 psf in Q1 2016 (SOHO); while the lowest one was RM742 psf in Q4 2012 (Apartment), RM1,075 psf in Q2 2019 (Retail), RM926 psf in Q4 2017 (Office) and RM829 psf in Q2 2019 (SOHO).

The current rental yield of Icon City is 2.91% for apartment units, 3.16% for retail units, 2.78% for offices and 2.91% 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 2.91% in Q3 2019 (Apartment), 2.77% in Q1 2018 (Retail), 2.78% in Q2 2019 (Office) and 2.91% in Q3 2019 (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 RM910 psf. For price wise, the most expensive one is 3-bedroom / 992 sf with a median price of RM1,010 psf; while the cheapest one is 2-bedroom / 675 sf with a median price of RM770 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 3,532 sf with a median price of RM1,080 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 RM880 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
TodayApartment594 sfRM580,000
YesterdayRetail3,532 sfRM3,500,000
YesterdayOffice745 sfRM770,000
13-Aug-19Condominium1,050 sfRM810,000
13-Aug-19Condominium570 sfRM550,000
12-Aug-19Condominium590 sfRM515,000
27-Jul-19Condominium675 sfRM540,000
19-Jul-19Retail3,827 sfRM6,400,000
19-Jul-19Retail3,827 sfRM6,399,999

Latest Icon City for rent listings:

DateTypeBuilt-upRental
TodayApartment594 sfRM1,800
03-Aug-19Office1,438 sfRM7,190
03-Aug-19Office2,225 sfRM11,125
03-Aug-19Office3,663 sfRM18,315
03-Aug-19Office1,094 sfRM1,900
03-Aug-19SOHO745 sfRM1,500
03-Aug-19Condominium950 sfRM2,800
02-Aug-19Condominium358 sfRM1,450
02-Aug-19SOHO1,084 sfRM2,500
02-Aug-19SOHO745 sfRM1,600

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