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Investment cyberjaya/putrajaya, investment good???

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SKfolk
post Mar 8 2012, 11:31 AM

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QUOTE(koopa @ Jul 22 2011, 12:50 AM)
Cyberjaya has a population of 41000 by day and 14000 by night. That means alot of people is working there and not staying in Cyberjaya. There will be 4000 units launching from now to 2014 in Cyberjaya. Putrajaya will be launching a series of shoplots soon im not sure where.

For the last 2-3 years CBD 2 price increase from RM800k-1.8k to RM3m-6m. NeoCyber Shops frm RM500k to RM700-RM900k. NeoCyber RM150k apartment rental is RM1300- RM1500. Lakeview East bungalow was RM80psf now its RM155 (iproperty). CBD 1 rental is around RM16k for 5 storeys.

The price is too much but still people is buying..

If only theres a MidValley with GSC or TGV in Cyberjaya to attract people. Alamanda Putrajaya is too far..
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If many companies there and ppl buy the propert for investment only. Then u will find the town will turn out a ghost town at night. If there are more ppl buying the property for their own staying rather than investment leave them vacant then it will become a good township. Some time low density is good but not too extreme low. Must have a balance. I can see it may take some time for getting ppl's confidence to stay there.

This post has been edited by SKfolk: Mar 9 2012, 04:59 PM
SKfolk
post Mar 9 2012, 05:03 PM

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QUOTE(spydermind @ Mar 8 2012, 10:50 PM)
a lot of people talk about ghost town .... but what is a ghost town...no one living there??  or less activities/establishment at night?

Back to the main topic....people buy to invest for 2 reasons : rental and flip. I dont think Cyberjaya will be a ghost town....

First, there are lot of companies there already....a number of those companies are running 24x7....so, there are people within the town be it in the morning or evening. Well, in my opinion, there are really a lot of condo/service apartment launched since 1-2 years ago, easily 4000+, while landed about few hundred to 1000.  Of course, it will takes time to populate the place like many other new project... if the occupancy rate reach more than 80 percent within 1 year after VP, that is already a very good achievement to a certain extend.

So, it is back to you definition of ghost town again....many areas are so populated with people during weekday, but suddenly become very quite during the weekend, especially those office area or major commercial/factory area. This also happen in manuy countries....and you cant even find food during the weekend, because most restaurants are closed.

In comparison, Cyberjaya has got the student population and those 24x7 operation, so, it will not be too quite to a certain extend......depends on you.....i used to mentioned that in many part of Shah Alam, putra heights, it was so quiet at night.....but why not, i guess those people like it as long as the occupancy reach a certain threshold....of course if less than 10% of houses are occupied over several years, then it will be really scary especially with today security issues...
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But cyberjaya lacks of shops and the few existing shops are not running business not relating to household but they r office.
SKfolk
post Mar 9 2012, 06:28 PM

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QUOTE(spydermind @ Mar 9 2012, 05:59 PM)
That's true.....well you might need to wait for a while.....especially for own stay and if you need all the shops......
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Yes, I agree, it just takes time.
SKfolk
post Mar 10 2012, 12:01 PM

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QUOTE(toufiq @ Mar 10 2012, 11:17 AM)
I don't think cyberjaya is a ghost town nowadays. Yes, maybe there's not much entertainment or shops currently, but there are shops which are just enough to live there. It's not like u will spend ur entire day at a shopping mall everyday. What i need is a township which is quite n calm for my family. N yes, I did bought one of the condo unit there which r still under development for my own stay.
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Agree. With All the shops selling basic household and the amenities will be good enough. The shopping mall a little bit far away is better don want mess up the development. Like upcoming IOI CITY MALL which is quite good. If it is concept like 1 Utama that will be good business. One north one south.Smart IOI don sell the mall units but lease out.

This post has been edited by SKfolk: Mar 10 2012, 12:02 PM
SKfolk
post Apr 29 2012, 10:45 PM

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QUOTE(wanted111who @ Apr 29 2012, 08:21 PM)
subsale is proven for cyberia condominimum, last year in jun , i check the bank market value for a condo unit there ,they said it's only 240000, these year march when i saw bank lelong 280000 (different unit but cyberia condo) i was stunned,coz bank lelong unit is lower than their own valuation,when i ask the banker told me their bank rate that condo for 300000 then when i check subsale from owner most of it at 280000 to 320000. Some who don't know still maintain the same price at 250000 .Overall bank valuation increase by 30k - 60k for those condo in less than a year is pretty impressive i would say coz it is really old unit with poor maintainance . cyberheight now sale at 420k ++ cyberia townvilla is depreciate last time but price increasing steadily now reach  the 400k ++ mark. Of course now in cyberjaya still no shopping, night life, amusement and so on

for new unit, yes nth proven hence i didn't call that a fact . It's a gamble , u need to gamble in order to win and if we wait until it's proven ,  it's already too late . Even now, with price tag of 600.00 psf , It's not our game anymore. It's now open for those with money, and yes it is too late now anyway but if you can afford it, it's better then nothing . I once had a chance to grab a studio unit for 300++ psf , but i let go that chance , now i really wish if I can get those offer again...

most unit finish in 2014, let see what happen then  biggrin.gif  I hope u are right so that i can sapu a unit under lelong price  drool.gif = )
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Properties are invested for long term, last time ppl say it was a ghost place. One day when it is developed, it will increase hell a lot.
SKfolk
post Apr 29 2012, 11:18 PM

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QUOTE(wanted111who @ Apr 29 2012, 11:12 PM)
rclxms.gif clonclusion :- Cyberjaya it's worth investing there... but now it a bit too late for the new starter .

Personal experience, i was waiting for pangaea , but when they launch paragon on 20th april , the minimum price start at 411k for 610 sq feet  shakehead.gif  on the launching date it self, so i give up OSK now (those who still waiting better switch target, they will sell all cheap unit to so call vvip) and go for cyberia .... pretty lucky got a unit with 250k and rental agreement (6 more mth) for 1700++ , heard they will extend it for a year until graduation. Now only awaiting bank loan approval , If go through can get 500++ extra / mth after paying housing loan  rclxms.gif
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Cyberjaya still got a lot of land to be developed, right?

 

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