Hyde Tower at i-City achieved 90% take-up rate over one Sunday

Hyde Tower's London-themed interior design showcased in the showunit. Hyde Tower's London-themed interior design showcased in the showunit.

i-Bhd’s Hyde Tower apartment project at its flagship i-City integrated development in Shah Alam is 90% taken up since its launch last Sunday.

“We are pleased by the positive response which saw over 200 enthusiastic buyers flocking to the sales gallery as early as 3am on Sunday to secure their preferred unit,” said i-City director Monica Ong.

The 518 apartment units have built-ups ranging from 466 to 769 sq ft, with a typical unit comprising of either one bedroom and one bathroom or two bedrooms and two bathrooms.

Prices for the apartments start from RM365,000 (gross price begins from RM414,000), with buyers having the option for either a standard layout or a duplex layout, which include dual-key units.

Meanwhile, the 43-storey tower block, which is fully-fitted and furnished with sofa sets from Rozel Corporation Sdn Bhd to create a “London interior design theme”, sits on a 1.4 acre freehold land with a gross development value (GDV) of RM268 million.

In keeping with the development’s London-inspired atmosphere, Hyde Tower will have offices and various food, retail and art establishments nearby.

“As such, residents can expect to move freely within the confines of i-City on foot … in the very same manner they would roam the city of London for their sightseeing adventures,” she added.

Ong remarked that i-Bhd hopes the affordable prices of the apartments will enable their potential buyers to secure loans more easily from financial institutions.

“We pretty much understand the hardship endured by property buyers given the high number of reported rejections. We hope the banks would be more flexible when granting bank loans especially to first time home buyers given that many of them have just joined the workforce which is also in line with the aspiration of boosting home ownership among Malaysians,” she added.

Residents of Hyde Tower will have direct access to the Central i-City mall via the two lower levels of the tower which is slated to open in October 2018.


Property Details

Name :   Hyde Tower
Phase :   3
Developer :   i-City Properties Sdn Bhd
     (a wholly-owned subsidiary of i-Bhd)
Location :   Jalan Multimedia, i-City, Shah Alam
Property Type :   Service Apartment and Soho
Sch. H of HDA :   Yes
Tenure :   Freehold
Land Area :   1.4 acres
No. of Units :   518 units
    ICONA Total: 1,219 units
Unit Types :   Type A: 465 sf (1 bedroom)
    Type B: 614-650 sf (1+1 bedroom) 
    Type C: 757 sf (2 bedrooms) 
    Type E: 725 sf (duplex)
Price Range :   Net from RM365,000 onwards
Price Per Sq Ft :   Net from RM783 psf
Booking Fee :   RM1,000, fully-refundable
Maintenance :   RM0.33 psf, inclusive sinking fund
Completion :   Q1 2018
Key Sales Points :   - Integrated masterplan development
    - Shah Alam's first regional mall
    - Incorporating theme parks and hotels
    - MSC Cybercentre and Data Centres
    - Future LRT and BRT connectivity
    - Direct access from highways
    - Freehold
    - Uniquely inspired by London elegance
    - Fully-furnished with London theme
    - 2-level city high-street retail beneath
    - Surrounded with mini parks
    - Dual-key layouts available



Written news reported by The Edge Property, 3 March 2016.

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