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.

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 RM540,000 to RM1,150,000 (about RM920 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 RM810 psf) for SOHO units; while the monthly rentals are from RM1,800 to RM2,600 (about RM2.81 psf) for apartment units, RM6,000 to RM12,000 (about RM3.63 psf) for retail units, RM1,200 to RM2,500 (about RM2.28 psf) for offices and RM1,600 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 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 RM805 psf in Q2 2019 (SOHO).

The current rental yield of Icon City is 3.16% for apartment units, 4.17% for retail units, 2.96% for offices and 3.4% 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:

The most popular layout and size combination at Icon City for apartment units is 3-bedroom / 907 sf with a median price of RM920 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 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 3,532 sf with a median price of RM1,080 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 RM900 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 RM810 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 RM810 psf.

Latest Icon City for sale listings:

Latest Icon City for rent listings: