Situated in the well-off enclave of Mont’ Kiara in Kuala Lumpur, Icon Residence is a luxurious condo with a prestigious image of an unparalleled urban way of life. Encompassed by elite homes, world class private enclaves, corporate towers, international schools, fairways, equestrian and recreational clubs, malls and first rate F&B outlets, the development is at the epicenter of a cosmopolitan group which contains more than 33 nationalities. The zone is a short separation from Sri Hartamas and Mont’ Kiara’s F&B outlets, bars, bistros, entertainment centers and business hubs.
The development is likewise a short distance far from upmarket shopping centers, for example, Plaza Mont Kiara, 1 Mont Kiara, Hartamas Shopping Center, Solaris Mont Kiara, Publika and Solaris Dutamas. Beside these shopping outlets, Bangsar Village and Bangsar Shopping Center are just a short drive away.
Schools & Colleges
Respectable international schools and tertiary establishments in the vicinity incorporate Mont’ Kiara International School, Taylor’s College and Garden International School while medical services in the region include the Pantai Medical Center in close-by Bangsar, Global Doctors Hospital and University Malaya Medical Center in neighboring Petaling Jaya.
Icon Residence overflows building artfulness with a three-dimensional idea which gives every tower a novel profile supplemented by between connected bridges, lattices, hanging terraces, stunning gardens and extensive interiors. There are a total of three towers namely ICON 1, ICON 2 and ICON 3. Icon Residence offers a scope of 1 to 4+1 room units. With more than 200 design choices to choose from, forthcoming purchasers have ample choices.
Promising an entrancing display of Kuala Lumpur and the verdant surroundings of Mont’ Kiara, Icon Residence offers its inhabitants the advantage of encountering the delights of greenhouse living in the midst of lavish manicured yards, green vistas, the special Vertical Garden and the stunning Sky Garden all within minutes of the city centre.
The development’s glass exterior offers different advantages as far as plentiful common lighting, beautiful perspectives, phenomenal ventilation and other eco-accommodating highlights.
Icon Residence introduces a plenty of comforts spread over the development. The podium areas on the 7th floor offer a wide cluster of recreational facilities including a multipurpose hall which reaches out crosswise over wide patios to make a feeling of exquisiteness.
Occupants will have the capacity to relax in the midst of the wonderful cascading water features and loosen up to the hints of calm lapping water, appreciate the magnificence of nature at the sun deck or invest quality energy with their children at the kids’ playground. In the event that that is insufficient, they can likewise make utilization of the other radiant facilities accessible which incorporate a reading pavilion, games room and well-equipped gym.
Then again, they could decide to unwind at the swimming pool, sprinkle around with the children at the kids’ pool, stimulate visitors at the barbecue terrace and pavilion, spend a calm night at the meditation and yoga centre or simply take in the sights and sounds over a refreshing drink at one of the food and beverage outlets.
Icon Residence offers a remarkable experience of extravagance and sound living with a herb garden, reflexology path and eco-lake. Moreover, residents will locate the cascading lake, water pavilion outfitted with Jacuzzi and water feature wall to be an appreciated break following a boisterous day at work.
Units on the 7th floor are offered unbridled security and quietness through raised statures of 6 feet over the ground and shielded by the private garden enclosure allocated to every unit. To wrap things up, the Sky Garden on the rooftop which comes complete with a lounge deck and grill facilities is an impeccable approach to pamper oneself.
Icon Residence offers convenient accessibility because of its strategic location near popular highways such as the Penchala Link, SPRINT Expressway, North-South Expressway, Duta-Ulu Kelang Expressway and the Damansara-Puchong Expressway. Kuala Lumpur’s downtown area is only 15 minutes away whilst well known hotspots, for example, the business center of Bukit Bintang, the corporate centres of Jalan Sultan Ismail, Jalan Tun Razak and Jalan Ampang are less than 30 minutes away. The Kuala Lumpur International Airport is roughly 55 minutes away and the government administrative capital of Putrajaya is a 40-minute drive away from the development.
About the Developer
Icon Residence was developed using cutting edge structural planning by Maxim Heights Sdn Bhd, a subsidiary of the Mah Sing Group, one of Malaysia’s respectable housing developers. To date, the Group boasts not less than 48 property developments in Kuala Lumpur, Selangor, Penang, Johor Bahru and Kota Kinabalu. The developer’s particulars are as follows:
Name: Maxim Heights Sdn Bhd (747466-P)
Developer’s Code Number: http://www.cashbillion.com606
Developer’s Address: Penthouse Suite 1, No. 163 Jalan Sungai Besi, 57100, Wilayah Persekutuan K.Lumpur
Price, Number of Units & Other Details
According to the Ministry of Housing as per May 2015, the price, number of units and other details are below:
|Total Units||Levels||Minimum Price||Maximum Price|
|78||26||RM 957,800.00||RM 6,438,800.00|
|139||35||RM 1,131,680.00||RM 6,124,580.00|
|73||28||RM 1,312,080.00||RM 6,443,580.00|
Is This a Good Location For Capital Appreciation?
It is a good idea to take a peek at the price movement of the condominiums close-by throughout the recent years. The value development will give the informed speculator the right vibes of the property market sentiment around there. The appreciation / devaluation of the adjacent apartment suites are as per the following:
Solaris Dutamas @ Publika Persiaran Dutamas
Median Asking Price P.S.F – Year 2009 – RM571.72
Median Asking Price P.S.F – Year 2015 – RM918.93
Appreciation per year from 2009 – 2015 – 10.12%
Hartamas Regency 1 Persiaran Dutamas
Median Asking Price P.S.F – Year 2004 – RM330.215
Median Asking Price P.S.F – Year 2015 – RM635.25
Appreciation per year from 2004 – 2015 – 8.39%
Hartamas Regency 2 Persiaran Dutamas
Median Asking Price P.S.F – Year 2006 – RM450.82
Median Asking Price P.S.F – Year 2015 – RM637.42
Appreciation per year from 2006 – 2015 – 4.59%
The figures speak for themselves. The geographical location in which Icon Residence is located in is a vibrant location for capital gains as all of the condominiums in this area are enjoying good capital gains.
Would Icon Residence Be Able to Deliver Good Rental Appreciation Too?
As of May 2015, the majority of the agents & owners of Icon Residence are advertising their units for rent at approximately RM3.76 per square feet. This is way above the market rate for rent in that area. Due to the wrong pricing strategy adopted by the the majority of the agents & owners of Icon Residence, it is likely that Icon Residence will see a rental depreciation until the end of 2016. It’s anybody’s guess as to what will happen beyond 2016.
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