Icon City @ Petaling Jaya
Powered by NAPIC + DOSM data
Generated 16 April 2026
Developer
Mah Sing Group
Location
Petaling Jaya, Selangor
Type
Condominium/Apartment
Price
TBA
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Icon City's pricing remains To Be Announced, limiting comparative analysis against competing developments in Petaling Jaya; however, Mah Sing Group's track record suggests competitive positioning, though final value assessment requires official price disclosure and specification details.
- •**Location & Connectivity**: Petaling Jaya offers established commercial and residential infrastructure with proximity to major roads and employment centers, but the absence of nearby MRT connectivity is a notable disadvantage compared to newer developments along transit corridors, potentially limiting appeal to transit-dependent buyers.
- •**Risk & Timing**: The lack of specified completion timeline presents execution risk and uncertainty for buyers; extended development periods may impact ROI, while market timing risk exists given the competitive condo supply in the Klang Valley and potential economic fluctuations before project completion.
NewProjek Score
8.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Completed project — no construction risk
Is this project priced fairly?
Price comparison data not available for this project.
Selangor — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM450,000 | — |
| 2022 | RM460,000 | +2.2% |
| 2023 | RM470,000 | +2.2% |
| 2024 | RM480,000 | +2.1% |
| 2025 | RM490,000 | +2.1% |
Est. Monthly Rental
—
Based on similar properties in Selangor
Gross Rental Yield
4.0%–5.0%
Annual rental / property price
Area Price Trend
+8.9%
NAPIC data 2021–2025
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ✅ Yes |
| RM7,000 | RM1.0 mil | ✅ Yes |
| RM10,000 | RM1.5 mil | ✅ Yes |
| RM15,000 | RM2.3 mil | ✅ Yes |
| RM20,000 | RM3.2 mil | ✅ Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Selangor
Median Household Income
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
✅ Why Consider
- • Located in Petaling Jaya, Selangor
- • Freehold title property
- • By Mah Sing Group
⚠️ Risk Factors
- • No MRT/LRT station listed nearby — may affect future demand
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Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.