i-City

i-City is a magnificent jewel in the rapidly developing city of Shah Alam. It is part of the renowned Shah Alam International Park, which is a commercial district with the aim of attracting both local and international investors.Although some sections of i-City has been completed, it is expected to be fully developed by i-City Properties by 2015. Sitting on 72 acres of land, it will have 8 office towers, 2 luxury hotels, 2 residential blocks, and 3 to 5-storey shop-offices and retail suites. As it has been designated as an MSC centre, it has features suitable for any budding technopreneurs, such as 20mbps high speed broadband connection and round-the-clock data centres.

Property Details

Name: i-City

Address: CityPark, 40000 Shah Alam, Selangor

Developer: i-City Properties (a subsidiary of i-Berhad Group)

Completion Date: 2015 (estimate)

Type: Commercial

Tenure: Freehold

Land Area: 72 acres

Launch Price

Shop-Office: RM1 million per block

Subsale Price:

Rental:

Market Trends

Analysis

As this new development cashed in on the trends in our fast-paced culture, i-City should be commended for its effort. It has been awarded 2 important statuses – a Tourism Destination status and the MSC Malaysia Cybercentre, which shows its significance in today's market and for many years to come.These statuses have been awarded to this development by the Selangor Government, which allows entertainment outlets to emerge and attract more people to i-City. In terms of infrastructure, the 20mbps high speed broadband network and the round-the-clock data centres are very attractive. Most importantly, these facilities are intended to reduce operation costs of occupying businesses by up to an amazing 33%.With the vast amount of space available for development, as well as on the table for completion, i-City will be able to host a number of large offices and shop-offices at the same time. There are already a number of big name tenants at i-City, including Logica and Unified Communication from Singapore, and Kompakar which is a local ICT and Data Centre Operator. All in all, with its unique features and location, i-City will be a commercial property worth investing into.