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 84 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
- Sri Emas International School
As for universities, there are Etrain College and Kasturi College International.
The current rental yield of Icon City is 3.27% for apartment units, 3.43% for retail units, 2.78% for offices and 2.68% 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), 2.78% in Q2 2019 (Office) and 2.68% in Q1 2020 (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 RM980 psf; while the cheapest one is 3-bedroom / 1,405 sf with a median price of RM780 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 RM850 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 RM830 psf. For price wise, the most expensive one is Studio / 745 sf with a median price of RM930 psf; while the cheapest one is 2-bedroom / 745 sf with a median price of RM830 psf.
Latest Icon City for sale listings:
|23 May 2020||Condominium||708 sf||RM672,600|
|23 May 2020||Duplex||745 sf||RM705,000|
|7 May 2020||Condominium||594 sf||RM580,000|
|9 May 2020||Condominium||680 sf||RM650,000|
|1 May 2020||Condominium||922 sf||RM830,000|
|4 Feb 2020||Commercial||-NA-||RM99,000,000|
|31 Jan 2020||Condominium||1,795 sf||RM2,200,000|
|1 Feb 2020||Condominium||717 sf||RM680,000|
|3 Feb 2020||Condominium||767 sf||RM580,000|
|7 Feb 2020||Condominium||590 sf||RM588,000|
Latest Icon City for rent listings:
|27 May 2020||Condominium||940 sf||RM2,100|
|26 May 2020||Condominium||945 sf||RM2,900|
|25 May 2020||Condominium||940 sf||RM2,000|
|14 May 2020||Studio||500 sf||RM1,300|
|11 May 2020||Condominium||965 sf||RM1,800|
|12 May 2020||Condominium||800 sf||RM1,800|
|8 May 2020||Condominium||940 sf||RM2,250|