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 436 sf to 1,850 sf for condominium units, 1,655 sf to 3,827 sf for retail units, 745 sf for offices and 436 sf to 1,094 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 87 property projects in Malaysia. Other similar projects by the same developer are Garden Plaza, Garden Residence, Lakeville Residence, M City, Meridin East, Savanna, Southville City, Taman Damai Utama, Taman Sierra Perdana and The Meridin.
This integrated office, residential & retail hub has many amenities nearby, e.g. schools, transit stations and universities. The following are some schools here:
- Monday Show School Of Musical Theatre
- SA Rakyat Ar
- SK Slingei Way
- SK Sungei Way
- Sri Emas International School
As for transit stations, there are BRT/Komuter Setia Jaya and Komuter Seri Setia. There are also some universities here, such as Etrain College and Kasturi College International.
The current rental yield of Icon City is 4.17% for condominium units, 9.3% for retail units, 2.74% for offices and 3.16% for SOHO units. The highest rental yield ever recorded was 5.83% in Q3 2016 (condominium), 9.3% in Q4 2022 (retail), 4.35% in Q4 2017 (office) and 4.33% in Q4 2019 (soho); while the lowest one was 3.0% in Q1 2022 (condominium), 2.74% in Q3 2020 (retail), 2.49% in Q1 2021 (office) and 2.85% in Q1 2022 (soho). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Icon City for condominium units is 2-bedroom / 745 sf with a median price of RM740 psf. For price wise, the most expensive one is 4-bedroom / 1,795 sf with a median price of RM1,060 psf; while the cheapest one is Studio / 436 sf with a median price of RM550 psf.
Meanwhile, the most popular layout and size (built-up) 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 RM470 psf.
Meanwhile, the most popular layout and size (built-up) combination at Icon City for offices is 745 sf with a median price of RM940 psf. For price wise, the most expensive one is 745 sf with a median price of RM940 psf; while the cheapest one is 745 sf with a median price of RM940 psf.
Lastly, the most popular layout and size (built-up) 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 / 436 sf with a median price of RM1,030 psf; while the cheapest one is 2-bedroom / 1,084 sf with a median price of RM730 psf.
Latest Icon City sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 27 Dec 2022 | Condominium | 717 sf | RM475,000 |
| 29 Dec 2022 | SOHO | 436 sf | RM207,300 |
| 22 Dec 2022 | Retail | 528 sf | RM477,000 |
| 16 Dec 2022 | SOHO | 436 sf | RM230,300 |
| 15 Dec 2022 | Retail | 1,725 sf | RM813,000 |
| 6 Dec 2022 | SOHO | 745 sf | RM585,000 |
| 6 Dec 2022 | Retail | 528 sf | RM530,000 |
| 30 Nov 2022 | SOHO | 436 sf | RM225,900 |
| 27 Nov 2022 | Shop-Office | 3,532 sf | RM1,647,600 |
| 26 Nov 2022 | Retail | 528 sf | RM530,000 |
Latest Icon City rental listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| Today | Room | -NA- | RM1,110 |
| 29 Sep 2022 | Master Room | -NA- | RM740 |
| 31 Aug 2022 | Condominium | 965 sf | RM2,800 |
| 13 Mar 2022 | Office | 745 sf | RM2,000 |
| 23 Jan 2022 | Condominium | 675 sf | RM1,800 |
| 22 Jan 2022 | Apartment | 436 sf | RM1,100 |
| 21 Jan 2022 | Studio | 425 sf | RM1,000 |
| 15 Jan 2022 | Studio | 436 sf | RM1,400 |
| 15 Jan 2022 | Studio | 436 sf | RM1,200 |
| 8 Jan 2022 | Office | 745 sf | RM2,000 |