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 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 73 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.

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

• SA Rakyat Ar Rahmah
• SK Sungai Wey
• Sri Emas International School

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 RM1,150,000 (about RM940 psf) for apartment units, RM2,300,000 to RM6,390,000 (about RM1,670 psf) for retail units, RM470,000 to RM950,000 (about RM930 psf) for offices and RM600,000 to RM660,000 (about RM890 psf) for SOHO units; while the monthly rentals are from RM1,800 to RM2,600 (about RM2.81 psf) for apartment units, RM6,000 (about RM3.63 psf) for retail units, RM1,200 to RM2,300 (about RM2.28 psf) for offices and RM1,200 to RM2,500 (about RM2.95 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), RM1,407 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 4.05% for apartment units, 2.96% for offices and 4.06% 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:

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 RM970 psf; while the cheapest one is 3-bedroom / 1,405 sf with a median price of RM820 psf.

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 RM1,390 psf.

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.

Lastly, the most popular layout and size combination at Icon City for SOHO units is 2-bedroom / 745 sf with a median price of RM890 psf. For price wise, the most expensive one is 2-bedroom / 745 sf with a median price of RM890 psf; while the cheapest one is Studio / 745 sf with a median price of RM810 psf.

Latest Icon City for sale listings:

Latest Icon City for rent listings: