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Discussion Starter · #3 · (Edited)
Mah Sing previews Icon Residence Mont'Kiara
By Wong King Wai of theedgeproperty.com
Wednesday, 14 July 2010 18:24

KUALA LUMPUR: Mah Sing Properties is expected to officially launch its latest project, Icon Residence Mont'Kiara, within two to three months, said Mah Sing Properties chief operations officer Teh Heng Chong (pictured above) on Wednesday, July 14.

Before the launch, however, Mah Sing would hold a preview for interested buyers of Icon Residence at the Sime Darby Convention Centre from Friday, July 16 to Sunday, July 18.

"The preview is only for registered applicants for the time being," Teh said.

The project currently has 6,000 registered applicants, of whom about 20% to 30% are foreigners.

The development's modular design is inspired by Santorini in Greece, while the landscape and water features are inspired by the country's Mediterranean feel.

"We are creating a collectors' item for those who like fine things," Teh said on the project's niche market. "The buyer of this development is sophisticated and well-travelled."

Icon Residence Mont' Kiara sits on 2.57 acres of freehold land, and has a gross development value (GDV) of RM298 million.

It has three towers - namely Icon 1, 2 and 3 -- which are 26-, 28- and 36-storeys high respectively, with each floor housing two to six units. All are corner units with views of either Kuala Lumpur or Mont'Kiara.

In total there are 260 units, of which 78 units are in Icon 1; 73 units in Icon 2; and 109 units in Icon 3. The unit sizes range from 875 sq ft to 2,697 sq ft, with a starting price of RM956,800. On average, the psf price is between RM1,100 and RM1,200. Fifty units in Icon 3 come with private lift lobbies.

Among the units to be sold are six duplex penthouses that range from 4,200 sq ft to 4,436 sq ft, and are priced from RM5.35 million. These units come with private swimming pools.

All units come with kitchen cabinets, wardrobes, air-conditioners, fridge, dishwasher, washing machine-cum-dryer, stove and hood.

The recreational area is on the seventh floor and the development also has roof-top gardens atop each tower. The development has 648 carpark bays.

Among the green design features include rain-water harvesting, energy-saving lights, low VOC paints and automated waste disposal system, in which all waste is collected to a central area for pick up and disposal.

"I believe this is the first development in Mont'Kiara with such a disposal system," said Teh.

In previous artist impressions, the Icon Residence Mont'Kiara featured a wide array of water features and gardens, but they have now been scaled down. "This has been toned down for easy maintenance," Teh said.

Construction is due to start in 4Q2010 and will be completed in three years' time.
 

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Discussion Starter · #4 · (Edited)
Mah Sing’s Icon preview attracts 1,000 potential buyers
By Wong King Wai of theedgeproperty.com
Tuesday, 20 July 2010 16:40

KUALA LUMPUR: The preview of Mah Sing Group Bhd’s Icon Residence Mont’Kiara on July 16 to 18 at the Sime Darby Convention Centre received more than 1,000 potential buyers.

“The response was flattering for a project that is priced at an average RM1,200 psf,” said Mah Sing Properties’ chief operating officer Teh Heng Chong in a statement on Tuesday, July 20.

“It shows that there are buyers out there who would pay a little bit more to own a unique piece of property that is limited in supply.”

Teh added that a special preview of the development will be held in Singapore soon.

As a result of the strong demand, the official launch may be sooner then expected. “We would definitely want to launch Icon Residence Mont’Kiara as soon as possible pending a few approvals,” Teh explained.

The Icon Residence Mont’Kiara is a Mediterranean-themed development on 2.57 acres of freehold land located between Persiaran Dutamas and the new Duta-Ulu Klang Expressway (DUKE). The gross development value of the project is estimated to be RM298 million.

It contains tree towers namely Icon 1, Icon 2 and Icon 3 with about two to six units per floor, all corner units.

It has a total of 260 units that range from 875 sq ft to 2,697 sq ft each, and are selling from RM956,800 onwards. The six duplex penthouses start from RM5.35 million and range from 4,200 sq ft to 4,436 sq ft, with each penthouse having its own private swimming pool.
 
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