we decided to put our money somewhere else...but we still 50/50...

this is one hot property but..so far without any paper gain..better let go, move on n look elsewhere?

since there r now at least 10 designated cybercities n cybercentres located in established commercial areas (in mostly in kl/pj), wonder why would ordinary MSC status companies bother to relocate (or open a postbox office) to far away cyberjaya..more cybercities n cybercentres r being designated each year. most ordinary msc status companies r 'forced' to relocate/open postbox office in designated zones primarily to comply with BoG #5 out of 10.

This post has been edited by aquest: Jul 19 2010, 11:48 AM

this is not the same project as garden plaza, issit?

The is a group buyer to purchase 98 units.

As you all can see, cyber jaya does not have much residential units, more of the workers have to travel far away everyday, it's a good investment for long term passive rental income for those purchases.

btw, i am one of the banker for this project, dont shame to drop me an email @ jimmyyap03@hotmail.com if seeking for financing on it

Because the rental in other area is very expensive compare to cyberjaya.

E.g. TPM, BandarUtama, KL Central, MidValley.

not necessarily..when one takes into account of the logistics, convenience, time n proximity to business partners.
take a look at the many MSC designated buildings located in the KV here http://www.mscmalaysia.my:80/topic/Cyberci...ercentre+Status

i suppose there were not many msc designated zones during the previous administration but under the current premiership more such zones have mushroomed. all a msc status company need to comply (with mdec's BoGs) is simply to set up a puny office with some relevant documents, a telephone line, old computers (for show only lah) n probably 1 staff to man the under-utilised office..thats all. no knowledge worker, expensive IT or multimedia equipments involving complicated cabling system need to be relocated. heck, can even share it with another company to share rental exp.

This post has been edited by aquest: Jul 28 2010, 06:24 PM

lol....investing in areas such as these, you need to understand the long term plan. dun be suprised in a few years that there are no more requirements for companies to be in a msc area.

places like cbj will bomb. u will only find students and mncs still here. cost of land in cbj is severly inflated due to property play much earlier.

I'm letting go of my unit. Its Block B3A type C facing Putrajaya. RM 205K

Just give me a call at 012-3145030, we have to arrange transfer of booking(Rm2K) without any top-up.(confirmed by developer already)

There was somebody who called me last week regarding my unit..but i forgot the phone number already.

Rgds,
Husni

anyone if developer units still available or all sold out??

   

This post has been edited by ernie: Mar 6 2012, 11:46 AM

hi, mind let us know reason you let go your unit? Is shaftsbury a good investment oppurtunity? Mind share your opinion..

If I have to compare this to stocks, I think CBJ is more speculative, and is not based on fundamentals.

For this kind of investment, you need to have holding power, and wait for 10-15 years before you start to see your investment gaining.
As have been calculated by some forummers, the price per sq foot is already above some prime land e.g. Subang Jaya.

The developers are just tapping on the property boom.

Consider the fact that Symphony Hills are going for RM1mil plus each - if I have money, I would plunk that money in some other much better locations that can grow in price faster. Unless, I really love to stay in a place where I'm the only one in the queue when I go shopping, or I go into a restaurant where I am the only one served, at least for the next 5 years.

You are right. I know few foreign banks have stopped to provide loan facilities for Cyberjaya projects. Also, RM400/sqft is the highest price I know of for the moment. If you check the iProperty website, you may get a condo direct facing Putrajaya Lake with much lower price, around RM270/sqft.

So, for those pay RM400/sqft may need to take 10-15 years (maybe less as many developers are planning to launch new project within 1-2 years) to see the investment gaining. But, those smart investor who pay RM200-RM270 may take less years to gain.

it's definitely overpriced. but still depends on how you look at it. This place is good for working not staying.

Place for living is very personal, no one has a same taste. Some like in USJ/PJ/Cheras, and another groups prefer outskirt. Friendly speaking, I like Cyberjaya, and already staying here for more than 4 years. I hope it will not over-heated by new developments.

any photo?

I am just wondering
Can we cancel if S&P have been sign but developer have not?

can...but charge incurred.

how much. any idea?

the developer told me that since the SOHO / serviced apartment meets all MSC requirements, the goverment will award the MSC status for the SOHO/serviced apartment as well . Anyone can advice how true it is?. I called MDEC today morning and they told me that shaftsbury haven't submit any MSC application for this project hence they don't want comment anything on this project.