bro, what happened to Cova Villa/Suites and Casa Subang? I tot of buying Cova Villa for rental nx yr.

Appreciation only
Forget about Cova Villa and Casa subang, prices appreciated a little and not suitable for family staying, purely for students due to the GRS.
Cova Suites ok, good appreciation will happen only after the 3 years free maintenance end this year.

Rental
Remember! for save, the rental of a condo unit must not be less than 6% of your property value.
For example:  400000 x 6%  = 24000 (yearly yield)

I've been working in Cyberjaya for the past 7 years. I have got an apartment in Cyberjaya 3 years ago which i just sold off.

Ironically, there are at least 7 projects which will be completing in the year of 2013 - 2014 and vary from Semi-D, SOHO and Condos.

Main Question is Why developers are investing and developing this area?
On the other hand, the houses built are none for family based but mostly for investments which then will be rented to the students.

Monthly, you would expect at least RM 2500 per unit to fulfill the installments. With high number of supply and low number of demaind, prices could not be as high as RM2500.
Maintenance is a cut throat minimum of 0.35 /sqft (its not really maintained to be honest)

So, despite all these, why would anyone want to invest in Cyberjaya. Honestly, 3 years i owned a place in Cyberjaya. I do have an appreciated value of the place, BUT, that was 3 years ago, when this apartment i bought was the newest among the rest.

I'm seeing 2013 -2014 will be the years where house owners are going to be hunting for tenants instead of the other way. Well, just my seventh sense.

I've been working in Cyberjaya for the past 7 years. I have got an apartment in Cyberjaya 3 years ago which i just sold off.

Ironically, there are at least 7 projects which will be completing in the year of 2013 - 2014 and vary from Semi-D, SOHO and Condos.

Main Question is Why developers are investing and developing this area?
On the other hand, the houses built are none for family based but mostly for investments which then will be rented to the students.

Monthly, you would expect at least RM 2500 per unit to fulfill the installments. With high number of supply and low number of demaind, prices could not be as high as RM2500.
Maintenance is a cut throat minimum of 0.35 /sqft (its not really maintained to be honest)

So, despite all these, why would anyone want to invest in Cyberjaya. Honestly, 3 years i owned a place in Cyberjaya. I do have an appreciated value of the place, BUT, that was 3 years ago, when this apartment i bought was the newest among the rest.

I'm seeing 2013 -2014 will be the years where house owners are going to be hunting for tenants instead of the other way. Well, just my seventh sense.

Why developers are keep on launching properties at Cyberjaya?

Reason is simple, if not launch it now during buying frenzy period, then when?

Can says that 99% buying is not for own stay so you got the point right which is 2013-2014 will be the year where owner looking for tenant or buyer.

Hi there,

Any1 here knows about where is the showroom for The Arc, CyberJaya?

Thanks

You can view their show unit at No.19 Jalan USJ Sentral 1 (in front of the old USJ1 Giant). Tel: 03-80233366

Thanks allot.

I got many doubts after reading through the bits and pieces of information... =,= sigh!... I want to go nego with the sales agent.. 

Even though ARC advertise its GRR 8%, actually its ROI only around 5%.
(after minus those ID cost, insurance, and 3 months rental for every 4 years),

If compared with other areas like PJ, K.Damansara, Cheras, Setapak and etc which ROI is much higher (7% - 10%.),
ARC actually is not that attractive if so.

Then why I still go ahead for this ARC before come to lowyat forum ?
1) Because my job need to travel to oversea quit often,
  I dun think I have time to hande those renting.

2) Location Stretegy, it is besides Symphony, and many big companies and expatriats nearby.
3) Future development in CJ
4) ARC commit to handle all the ID, F/F, and developer will bear all the cost of lost and damage for all furniture and fitting during the GRR period.
of course GRR for 25 years is another main reason I invest ARC.

So far, for I heard from agents, ARC had a agreement with MMU to rent out the units for RM 500 per student,
that mean ARC make use our units to earn "side income" for Andaman.
But as long as they manage well, and the quality is not bad, GRR 8% for 25 years, I think it is ok to me and those "lazy investors".

But now, after knowing so much abt this Andaman background and its history,
I feel so angry and also so worry and panic.
Furthermore, our S&P is signed between "Maju Puncakbumi Sdn Bhd" and "buyers", not between "Andaman" and buyers,
so it may really come to happen that Maju Puncakbumi will "eat" our money and later announce to bankrupt,
We then can not do much to its parent company "Andaman".......

God bless me .....

Yesterday went to the Property expo in Kajang, know about this project and thinking of invest one unit in Block D, seems there are so many negative issues on Andaman, should i give up?

Yesterday went to the Property expo in Kajang, know about this project and thinking of invest one unit in Block D, seems there are so many negative issues on Andaman, should i give up?