they are going to sarawak for the project.. looking for sarawakian to buy. seem quite attractive to them.. although sarawakian got huge fund.. hope they will not regret. my friend called me ask me to check and guys.. what is your advice??  not selling price going for 320K + 50K for furniture. total up is RM370K..  return 8%...

Like I mentioned before, exit quickly even if you lose some of deposit. Cova Villa in Kota Damansara is a mirror example to the future ARC, Cyberjaya from the same developer, little appreciation of value and net rental income of about 5% only.
However, the other project next to it, the Cova Suite enjoy a good 40% appreciation as it is not being used as a hostel and no such garantee scheme was offered.
In another word, the developer is overcharged you on the price of the property and then give you back a little by little of 5% per annum. But on the other hand, they rent your property to the college and charge 8-9%.
Think carefully before you invest in this property especially from Andaman.

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Added on July 2, 2011, 1:51 amNEVER TRUST ANDAMAN
GOOGLE ANDAMAN TO GET SOME BACKGROUD OF THE DEVELOPER

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Added on July 2, 2011, 1:55 amlast time Andaman Group-Pharma Exel now APM-Maju Puncakbumi. New project new company, so no previous bad records. but same people.
Right? Mr Teoh!

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Added on July 2, 2011, 1:58 amAttention to all investors in this project!
Please do your homework/checking carefully!!!

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.