LOL ... U r right ! We are only developing country, not yet developed. Korea was once behind malaysia twenty or thirty years ago is now developed country ...

ah jib kor kenot afford to pull "handbrake" on property la.. lets face it.. if not how does his "legacy TRX" gonna work...

so to please those bising about prop expensive, he just just put some lollipop into your mouth by building so-called "affordable house" which could damn far or damn small in urban area..

bottomline is, no handbrake on property.. 5% increade in RPGT is just for wayang onli..

m2c..

Emkay plans Cyberjaya affordable housing project
By Cheryl YVonne Achu Published: 2012/09/28

http://www.btimes.com.my/Current_News/BTIM...mkay27/Article/

PROPERTY developer Emkay Group expects to launch an affordable housing project in Cyberjaya by the second quarter of next year in an effort to enhance the middle-income group's accessibility to their own house.

"This is an ongoing effort by us in providing affordable housing to the people, in line with the government's desire to see more of the middle income group owning homes," said chairman Tan Sri Mustapha Kamal Abu Bakar.

He said although the project is still in the planning stage, the company expects it to include the development of about 3,000 units of medium cost houses with a selling price of below RM200,000 a unit.

Speaking to reporters after the launch of the Star Central @Cyberjaya project here yesterday, he said the affordable housing project will be part of the group's plan to transform Cyberjaya as Malaysia Silicon Valley in 2020.

Also present was Emkay chief executive Ahmad Khalif Mustapha Kamal.

The Star Central @Cyberjaya project, developed by its subsidiary, Joyful Star Sdn Bhd is a mixed-development project comprising 859,118 sq ft of office space, 814 units of shops and 1,900 residential units with a gross development value (GDV) RM1.8 million.

The construction is scheduled to start next month and is expected to be completed in five years. It will be developed in four phases, Mustapha Kamal said.

"So far, the project recorded a sales value of RM122 million, involving various types of development," he said.

Among the development in the Star Central @ Cyberjaya project are an eight-storey semi-detached office tower units with a GDV of RM420 million, two 25-storey residential studio and office (SOHO) towers (GDV of RM319.4 million), 10-storey shop office (GDV of RM80.8 million), six-storey hypermarket (GDV of RM277.7 million), 48-storey serviced apartments (GDV of RM453.9 million) and a 41-storey hotel (GDV of RM332.2 million).

The company will utilise the Industrialised Building System in order to reduce construction costs, Mustapha Kamal said, without revealing more details about the project.

"We do not want to be too dependent on foreign labour services to build affordable homes in Cyberjaya," he said.

Commenting on the proposed tax incentives for developers who use the IBS and green technology, he said if the government announces it in the Budget 2013 today, the company plans to build more affordable homes in Cyberjaya.

"It is possible (to build more affordable housing) based on Emkay track record so far," he said.

So far, Emkay has already built 22,920 units of affordable housing since 1990 with a GDV of RM1.37 billion. From the total, 11,118 units are located in Damansara Damai, Petaling Jaya and 11,794 units in Taman Bunga Raya, Bukit Beruntung.

Good news..looking fwd for the launch..

do anybody know Galleria@cyberjaya? Good location? I am planning to invest 1 unit there. Commercial building

Hi,

It seems everybody wants to buy a property to rent it later. But who is supposed to rent? Some commercial building are empty for a long time (Domain, Perdana, Embassy,...) , the number of students should not increase a lot and some existing condos are not fully rented (Domain I, II and III). And there are so many new developments.

If some new apartments are built just beside MMU and Limkokwing all the students will move there so this is indeed a good investment but that means the exisitng developments will become empty.

Same with the new projects of entertainment centers. There are so many new places... who is supposed to go there. If no new companies and new universities, how the population could grow?

Some housing are very cheap not too far from Cyberjaya. D'alpinia and Sierra 16 in Puchong are very big but D'alpinia is almost empty for 2 years, at least for the semi-D. And after that you see a lot of bank lelaong at the traffic lights with houses that cannot be rented and must be sold by banks.

Sejati residence by paramount due for softlaunch on 20th oct..

u can see domain shop house empty until last year... u come and see now ... all new type of restaurant like mushroom there now ...
for student, i think they prefer cheap one(majority), if the new place with same price with much smaller room, i dont think they have any reason to move

take example domain VS cyberia, the ratio between the price vs  the unit size in cyberia is much more better ... and nearer for those who study in MMU..
IMO, D'alpinia and Sierra 16 are very expensive....
for student & expat who doesnt have any transportation, its very not convenient for them.

I agree for the shops at the domain but the business is not so good. Everybody is expecting that the office building will be rented but it is almost empty for 2 years. Some shops aleardy changed tenant several times and I know some others are waiting for the end of contract to leave.

MMU will sponsor the appartments beside and guarantee a rental return to buyers with students.

You can easily find a semi-D 4 bedrooms for less than 2000 MYR in d'Alpinia. You can bargain a lot the initial price. A lot of students rent houses there. But some drug traffics happened with police controls.

I like Cyberjaya, it's a safe place, clean with no traffic jams but I'm afraid people and businesses will just jump from one place to another and in a few years you fill find a lot of deserted areas. The governement should do more to attract companies there and also give subsidies to universities or colleges to move in this area. That's the only conditions to make it succesfull. Perhaps attracting a serious university with real local students could give a better reputation to the city. When I say real I mean not like the Nigerians more than 30 years old and with a student pass from Lim Kok Wing or MMU which they use to stay in Malaysia to make their scams. How can you be student if you are 35 years old?

million ringgit question to buyers, for better or worst? 

rather than buying cyberjaya, why don't consider putrajaya? no foreigners there, the city is built based on green concept and it has beautiful buildings there. i believe if there is any chance to develop, d gov would focus in putrajaya first, being the federal administrative centre.

cyber suppose should be a good place. but our gov is going to launch thousand Pr1ma home there. like that sooner will become low cost area. later the resident there will request to sell pisang goreng at road side. this is nothing cyberview can control because rakyat diutamakan. i know a dev is going to launch abt 4k+ low cost pr1ma home cost < 220k soon

If cyberjaya has the amenties like PJ / Damansara then the prop price will be double as its existing price. Considered that it's F/H with klang valley development moving south, a holding power until 2017 should be a safe play with capitical appreciation and currency depreciation. If you notice, the 50cents coin nowadays looks like the Indonesia Rupiah - (material cost to produce a 50cents must be less than 50 cents value which indicates that RM depreciating against international currencies). Considered these, we bought 2 units of semi-D in SEG for investment / self living purpose.     

So many rich neighbors in Cyberjaya dy. Looking pretty good now.

Great

very soon cyber will full of Black People and Arab..
Seriously arab is fcking rude and show off..
Im not sure how come govermnt allowed alot of these people in country and ruling us and opening shop.. i tot last was indonesian but now we got black and arab .. politicss

arab is better than black. for me, arabs are walking gold mine. ahahha

Actually what we need more in Cyberjaya is OFFICE OFFICE OFFICE and MORE OFFICE !

Then if too many residentials, not reason why people wants to stay there.

negro is ok. arab is ok too. but the local low cost folks will definately damage cbj image. imaging one day later cbj will changed like pantai dalam or jinjang utara or tmn dato harun. pasar pagi, pasar malam evryday. motobike without helmet. children cycling on the road. rubbish evrwhere. this will come true if Pr1ma come true