Sep 11 2014, 07:23 AM
QUOTE(propertyMontKiara @ Sep 11 2014, 02:17 AM)
http://www.propertyguru.com.my/blog/tag/cy...spite-dark-past
As an investment location, Cyberjaya has always been a controversial topic among property investors due to its past, especially during the 1997 Asian Financial Crisis, when the government was forced to take over Cyberview Sdn Bhd, the entity spearheading the smart city’s development.
However, investors who are bullish on Cyberjaya’s property market appear to have outnumbered the naysayers thanks to various factors.
First, the presence of 38 multinational companies (MNCs), 490 MSC Malaysia status firms and 790 other companies in the area proves that the city has the potential to become a lucrative investment destination.
Forming a key part of Malaysia’s Multimedia Super Corridor, investments in the area has also reached RM11.07 billion in 2013 alone, bringing the total to RM35 billion since its founding in 1997.
In addition, Cyberjaya’s existing population is forecasted to double to 100,000 by 2016, and its crime rate is very low, given that it’s the first Malaysian city to have integrated citywide closed circuit television (CCTV) cameras.
Malaysia’s so called 'Silicon Valley' also has one of the most complete transportation systems in entire country. In fact, it’s just a 20-minute drive from KLIA, LCCT and the Kuala Lumpur City Centre.
It also has direct access to other major towns in Klang Valley via Maju Expressway (MEX), North South Expressway (NSE), North Klang Valley Expressway (NKVE), South Klang Valley Expressway (SKVE), Damansara-Puchong Expressway/LDP (DPE) and North South Express Centre Link (ELITE Highway).
Knowledge workers in Cyberjaya also enjoy a dedicated bus/shuttle service (DTS) that ferries them from Klang, Gombak, Kepong, Seremban and Klang Valley. The bus routes and schedule are posted at this portal (http://www.cyberjaya.name/dts.htm#), while the bus movements are tracked near real-time by GPS and GPRS. Overall, it serves seven routes 24 hours a day, and it charges each costumer RM213 per month.
But the fastest way to reach Kuala Lumpur CBD (KL Sentral) from KLIA is via the Express Rail Link (ERL). With only three stops, this high speed train service (160km/h) has a stop in Cyberjaya which operates at 15 to 20 minutes interval.
In addition, Cyberjaya’s transport system will see further upgrades. For instance, MEX will be linked with Sri Kembangan in the near future, while the Cyberjaya’s southern part will be connected to Putrajaya’s upcoming Monorail extension. The 58km MRT line from Selayang to Putrajaya will also end at the Cyberjaya/Putrajaya ERL station.
Aside from that, over 100,000 residential units are in the pipeline, including the RM500 million affordable housing project there. The government will also set-up an affordable housing zone, while Cyberjaya’s master developer Setia Haruman Sdn Bhd will deliver 2,500 low-cost units.
This will not only attract more residents and business, but also address Cyberjaya’s previous de-population problem. In 2005, the area was nearly deserted at night due to a limited choice in housing.
In terms of luxury residences, there are about 500 existing landed properties in Cyberjaya, including the recently completed Summer Glades and the initial phases at Garden Residence.
Although the number is somewhat acceptable, an estimated 2,000 units will enter the market in the next three to five years. Main project contributors include Setia EcoGlades, Symphony Hills and Garden Residence.
In terms of commercial real estate, Cyberjaya has seen a plethora of launches with more to come. They include Skypark Mall, The Place, Glomac Cyberjaya, Shaftsbury retails, Vita Courtyard Plaza, CyberSquare Retails, Garden Plaza Retails, Centrus Shopping Mall, Gem’In Mall - Mutiara Ville and the six- storey hypermarket Star Central.
There is also the Pangaea Shopping Mall called Gallery, the D’ Pulze Mercato Shopping Mall (370,000 sq ft), Eminent Ace’s Shopping and Street Mall, along with a planned Commercial Mall at Setia EcoGlades.
The city will also see a host of hospitality venues such Tune Hotel and D’Pulze by Ascott, plus Meetings, Incentives, Conferences & Exhibitions (MICE) facilities in Skypark, Pangaea, Glomac Cyberjaya and Star Central Phase IV.
Last but not the least, the Cyberjaya City Central project is envisioned to become a massive project of international calibre.
With all these developments, Cyberjaya has all the signs of an emerging property hotspot: It’s a leading edge multimedia centre that can attract world-class knowledge workers. It has state-of-the-art integrated infrastructure and IT system. Lastly, it has efficient transportation systems.
In simple words, Cyberjaya is a goldmine that has yet to be completely tapped. So strike the market while it’s still sizzling hot.
As an investment location, Cyberjaya has always been a controversial topic among property investors due to its past, especially during the 1997 Asian Financial Crisis, when the government was forced to take over Cyberview Sdn Bhd, the entity spearheading the smart city’s development.
However, investors who are bullish on Cyberjaya’s property market appear to have outnumbered the naysayers thanks to various factors.
First, the presence of 38 multinational companies (MNCs), 490 MSC Malaysia status firms and 790 other companies in the area proves that the city has the potential to become a lucrative investment destination.
Forming a key part of Malaysia’s Multimedia Super Corridor, investments in the area has also reached RM11.07 billion in 2013 alone, bringing the total to RM35 billion since its founding in 1997.
In addition, Cyberjaya’s existing population is forecasted to double to 100,000 by 2016, and its crime rate is very low, given that it’s the first Malaysian city to have integrated citywide closed circuit television (CCTV) cameras.
Malaysia’s so called 'Silicon Valley' also has one of the most complete transportation systems in entire country. In fact, it’s just a 20-minute drive from KLIA, LCCT and the Kuala Lumpur City Centre.
It also has direct access to other major towns in Klang Valley via Maju Expressway (MEX), North South Expressway (NSE), North Klang Valley Expressway (NKVE), South Klang Valley Expressway (SKVE), Damansara-Puchong Expressway/LDP (DPE) and North South Express Centre Link (ELITE Highway).
Knowledge workers in Cyberjaya also enjoy a dedicated bus/shuttle service (DTS) that ferries them from Klang, Gombak, Kepong, Seremban and Klang Valley. The bus routes and schedule are posted at this portal (http://www.cyberjaya.name/dts.htm#), while the bus movements are tracked near real-time by GPS and GPRS. Overall, it serves seven routes 24 hours a day, and it charges each costumer RM213 per month.
But the fastest way to reach Kuala Lumpur CBD (KL Sentral) from KLIA is via the Express Rail Link (ERL). With only three stops, this high speed train service (160km/h) has a stop in Cyberjaya which operates at 15 to 20 minutes interval.
In addition, Cyberjaya’s transport system will see further upgrades. For instance, MEX will be linked with Sri Kembangan in the near future, while the Cyberjaya’s southern part will be connected to Putrajaya’s upcoming Monorail extension. The 58km MRT line from Selayang to Putrajaya will also end at the Cyberjaya/Putrajaya ERL station.
Aside from that, over 100,000 residential units are in the pipeline, including the RM500 million affordable housing project there. The government will also set-up an affordable housing zone, while Cyberjaya’s master developer Setia Haruman Sdn Bhd will deliver 2,500 low-cost units.
This will not only attract more residents and business, but also address Cyberjaya’s previous de-population problem. In 2005, the area was nearly deserted at night due to a limited choice in housing.
In terms of luxury residences, there are about 500 existing landed properties in Cyberjaya, including the recently completed Summer Glades and the initial phases at Garden Residence.
Although the number is somewhat acceptable, an estimated 2,000 units will enter the market in the next three to five years. Main project contributors include Setia EcoGlades, Symphony Hills and Garden Residence.
In terms of commercial real estate, Cyberjaya has seen a plethora of launches with more to come. They include Skypark Mall, The Place, Glomac Cyberjaya, Shaftsbury retails, Vita Courtyard Plaza, CyberSquare Retails, Garden Plaza Retails, Centrus Shopping Mall, Gem’In Mall - Mutiara Ville and the six- storey hypermarket Star Central.
There is also the Pangaea Shopping Mall called Gallery, the D’ Pulze Mercato Shopping Mall (370,000 sq ft), Eminent Ace’s Shopping and Street Mall, along with a planned Commercial Mall at Setia EcoGlades.
The city will also see a host of hospitality venues such Tune Hotel and D’Pulze by Ascott, plus Meetings, Incentives, Conferences & Exhibitions (MICE) facilities in Skypark, Pangaea, Glomac Cyberjaya and Star Central Phase IV.
Last but not the least, the Cyberjaya City Central project is envisioned to become a massive project of international calibre.
With all these developments, Cyberjaya has all the signs of an emerging property hotspot: It’s a leading edge multimedia centre that can attract world-class knowledge workers. It has state-of-the-art integrated infrastructure and IT system. Lastly, it has efficient transportation systems.
In simple words, Cyberjaya is a goldmine that has yet to be completely tapped. So strike the market while it’s still sizzling hot.
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