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.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
436 sf - 1,850 sf (Condominium)
1,655 sf - 3,827 sf (Retail)
745 sf (Office)
436 sf - 1,094 sf (SOHO)
Market Price
RM240,000 - RM1,910,000 (Condominium)
RM1,370,000 - RM6,390,000 (Retail)
RM700,000 (Office)
RM380,000 - RM960,000 (SOHO)
Total Units
-NA-
Completion Date
2016
Launch Price
-NA-

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

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:

Condominium Layouts

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.

Retail Layouts

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.

Office Layouts

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.

SOHO Layouts

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:

DateTypeBuilt-upPrice
27 Dec 2022Condominium717 sfRM475,000
29 Dec 2022SOHO436 sfRM207,300
22 Dec 2022Retail528 sfRM477,000
16 Dec 2022SOHO436 sfRM230,300
15 Dec 2022Retail1,725 sfRM813,000
6 Dec 2022SOHO745 sfRM585,000
6 Dec 2022Retail528 sfRM530,000
30 Nov 2022SOHO436 sfRM225,900
27 Nov 2022Shop-Office3,532 sfRM1,647,600
26 Nov 2022Retail528 sfRM530,000

Latest Icon City rental listings:

DateTypeBuilt-upRental
TodayRoom-NA-RM1,110
29 Sep 2022Master Room-NA-RM740
31 Aug 2022Condominium965 sfRM2,800
13 Mar 2022Office745 sfRM2,000
23 Jan 2022Condominium675 sfRM1,800
22 Jan 2022Apartment436 sfRM1,100
21 Jan 2022Studio425 sfRM1,000
15 Jan 2022Studio436 sfRM1,400
15 Jan 2022Studio436 sfRM1,200
8 Jan 2022Office745 sfRM2,000
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