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 Why U buy Cyberjaya?

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TSxyyap
post Jul 14 2013, 11:30 PM

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QUOTE(Soros007 @ Jul 14 2013, 10:50 PM)
I think 2-3 years still can't really see the effect.
Got to wait until completion of SJRKC, KLIA2, pangaea, Eco glades mall, sky park etc + 1 year then you can really see the attractions. But, ppl will complain about the pricing liau smile.gif
Not to forget the CCC factor also!
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Good to let them complain forever. Haha.

U know who is investor? Brother Soros007.

Flipper? Many around. U can go buy petalz.

Flip Cyberjaya @ your own risk.

TSxyyap
post Jul 15 2013, 12:21 AM

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QUOTE(Selectt @ Jul 15 2013, 12:01 AM)
wey, u few tkt keep bumping thread lidat.. might as well ask admin to pin it. laugh.gif
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Cannot loh. This is not even a favourite thread. Admin please? Haha.

TSxyyap
post Jul 15 2013, 02:04 PM

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QUOTE(woolei @ Jul 15 2013, 12:49 AM)
The completion date of KLIA2 is already delay..assume  it complete at jun 2013.

Eco glades mall progress very fast..it will be a good news for me as i am working in cyberjaya, i can go watch movie with collegues while LDP is jam.

Sky park sitting at a very far place from cyberjaya center(shell,ibm,hsbc,dhl,fujisu,hp,dell,tsystem), it will take 4 years from now to complete the project. Even it complete,ong or not ong is a mistery yet. How long it take the office n resident to occupied the units?

For the SJRKC school,the parent who own stay in cyberjaya will send their 7-12 years old kid to school..so definately they wont own a studio,soho,duplex but a apartment suite with atleast 2-4 room.

For pangaea, it will be complete at Q4 2015 with all in one concept again..shopping mall,service apartment,hotel and street mall.

My conclusion:
The rental market will be very very bad when they got plenty of choice for residency. Dont forget those local student not neccessory to stay in cyber if the got car,they can choose puchong n seri kembangan too,the rental is much much much more cheaper.

The subsales market will be terrible, when all those units complete, can the new buyer affort the cracy down payment?
Case 1:400k studio, buyer need to prepare 40k down payment +15k snp = 45k.
Case 2:500k duplex, buyer need 50k dp + 20k snp = 70k.

What If bank value suck!bank valuer are very careful today!
Case 3:selling for 400k, but bankvalue 350k, buyer need 35k dp + 15k snp + 50k top up = 100k.
Case 4:selling for 500k, but bankvalue 420k, buyer need 42k dp + 20k snp + 80k top up = 142k.

Snp is depand on ur property price,so it wont change.
Nowaday all bank value will be lower then the selling price, so dont tell me it not possible to happen.

When flipper cant flip, the will mark down the price or rent out the unit cheap. Both action will killing the market.

Correct me if i am wrong, or give us a different thought about cyberjaya.
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Eco glades mall progress very fast..
>>> Any photos?

In short...

Own stay: HER
Investment: Selective Condo
Flip: Cannot make it

Flip Cyberjaya @ your own risk.

TSxyyap
post Jul 15 2013, 02:07 PM

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QUOTE(Sikit2JadiBukit @ Jul 15 2013, 01:29 AM)
ya, Nusajaya/ Iskandar also sibeh over supply  laugh.gif
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Currently Nusajaya is already over supplied.

Yet developer build build build, because still have huge empty lands...

TSxyyap
post Jul 15 2013, 02:10 PM

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QUOTE(woolei @ Jul 15 2013, 01:46 PM)
Lol~~
My point is It become high entry for buyer to buy over the property at cyberjaya,Do expect the subsales take up rate will be slower.
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Actually this is happening in Nusajaya, sellers normally asking 20% above valuation, subsale there is moving very slow.

BUT people who entered during 2010, already made huge paper profit, even they sell at valuation price.

TSxyyap
post Jul 15 2013, 08:07 PM

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QUOTE(Soros007 @ Jul 15 2013, 05:04 PM)
If the owner is desperate, can even neg down to Rm7XXK!!!
http://www.iproperty.com.my/propertylistin...k_House_ForSale
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Not easy. Normally iProperty priced it lowest to attract buyers.

TSxyyap
post Jul 15 2013, 08:46 PM

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Brother woolei, have u visited Cyberjaya & Nusajaya?

U sounds like Ah Milan. Wakaka.

& if u don't like, u better don't flip.


This post has been edited by xyyap: Jul 15 2013, 08:50 PM
TSxyyap
post Jul 15 2013, 09:48 PM

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QUOTE(woolei @ Jul 15 2013, 09:34 PM)
Hi xyyap, i working at cyberjaya now. i love and hate here  yawn.gif
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Why u love? Why u hate?

I know many complain Cyberjaya property price, but I like because will not be easy to flip.

& I know many who complain never know about Nusajaya price, they only know legoland.

TSxyyap
post Jul 15 2013, 09:51 PM

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QUOTE(woolei @ Jul 15 2013, 09:35 PM)
yap, definitely not for flipper and rental income.
But own stay it costly too.  yawn.gif
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Whether Malaysia economy doing bad @ good, Malaysia has a very serious problem, the weak RM problem.

Can't help. We have to work harder.

TSxyyap
post Jul 15 2013, 09:58 PM

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QUOTE(ManutdGiggs @ Jul 15 2013, 09:53 PM)
Boss its too general to say its diff to flip a cj prop. My shaftsbury shop has plenty of enquiries. Just tat price offered is not up to my appetite. Not greedy but just wan a beta return s I hav rental income.

And my guess is, in the next 5yrs, v ll c cj landed hotter than high rises.
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I have my own motive mah. I don't want flipper to goreng. I wish to see own stayers.

Like that, risk is far lower loh.

Although I mentioned risk of Cyberjaya 33% vs Nusajaya 66%. In fact, one is lower & another one is higher. Singaporean like, let them goreng loh. Haha.

TSxyyap
post Jul 15 2013, 11:49 PM

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QUOTE(lynforum @ Jul 15 2013, 10:52 PM)
Well, the current subsale @sibehjaya also damn slow right  huh.gif
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Yes, it is slow, because developer is still selling.

Do take note, there are no more land for residentials @ Cyberjaya, especially for Top HER & Family condo.

If developer plays dirty trick, they can only build SOHO type of pigeon hole.

Top HER & Family condo land? WTF?

Don't buy for the sake of buying. Buy the right product & be rewarded!

TSxyyap
post Jul 16 2013, 12:12 AM

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QUOTE(greenstuff @ Jul 16 2013, 12:01 AM)
Still got geh, Nadayu 99, Lakefront and Blok11, but blok11 has fully booked by internal staff, so sad!!!
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U go propcafe, count Top HER & Family condo excluding SOHO. Total how many?

Total < 10000? Many?

U have to exclude MCT Lakefront due to density. Hehe.

TSxyyap
post Jul 16 2013, 12:13 AM

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QUOTE(lynforum @ Jul 16 2013, 12:01 AM)
Not if, they're doing it  smile.gif
Which condo that developer is competing with subsale?
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Those condo selling RM 400+ psf to RM 500+ psf.

TSxyyap
post Jul 16 2013, 01:28 PM

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QUOTE(greenstuff @ Jul 16 2013, 12:41 PM)
Hi babe, would like to seek your opinion.

I m interested in SEG too but my concern is the house design is too futuristic and have no edge at the corner of house (trim design) which is wry bad fengshui. Also I have seen their work progress doing well so I m wondering is island concept good? Coz it's all man made and might create troubles in the future. Appreciate ur POV, thanks
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QUOTE(noblebaby @ Jul 16 2013, 01:04 PM)
yup. feng shui is not good for the link house design, but many dont mind. for bungalow i think is ok. The island unit will be futuristic too. dont worry about the island, only 2 storey houses on filled island, not high rise.

maybe existing owners of SEG can provide more insight.
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Not much concern about Feng-Shui. Anyway, likely new design for future launches.

The concept & quality communities. WTF?


This post has been edited by xyyap: Jul 16 2013, 01:32 PM
TSxyyap
post Jul 16 2013, 01:34 PM

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QUOTE(Soros007 @ Jul 16 2013, 05:39 AM)
Enough for me liau..no BBB for me in Cyber residence anymore...
Looking for others as this year birthday gift.
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QUOTE(noblebaby @ Jul 16 2013, 09:37 AM)
if luck is with me, will get a SEG island units.

looking at other locations, no more cyber too.
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Eco Glades for own stay. Cristal Residence for investment.

Enough for small player like us for now.

TSxyyap
post Jul 16 2013, 04:07 PM

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QUOTE(tonertoner @ Jul 16 2013, 03:57 PM)
There is only 1 SEG concept housing in CBJ. You can't find it anymore. Likewise there is only 1 SEG concept housing in the entire Klang Valley. It is on par with Desa PC, Setia Eco Park. This type of concept can only be done if the land size is huge e.g. > 200 acres. In years to come, when people mention about CBJ the first thing that come to mind is SEG. U can't go wrong with SEG. Not many developers can pull off this kind of development. They need to have vision, expertise, patience, passion and guts to do it.
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People who missed Desa ParkCity during 2006 like me, see Eco Glades like a GEM HER.

QUOTE(xyyap @ Jul 15 2013, 04:55 PM)
GEM: Rare & Valuable
http://en.wikipedia.org/wiki/Gem
http://en.wikipedia.org/wiki/Gemstone

HER: High End Residentials

Buy Buy Buy! Don't be shy.
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This post has been edited by xyyap: Jul 16 2013, 04:07 PM
TSxyyap
post Jul 16 2013, 05:37 PM

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QUOTE(Soros007 @ Jul 16 2013, 04:25 PM)
Investment in Aus is more suitable for long term.
How much is the rental you can get and what's the % of appreciation in that area?
You need to be familair with that area to make sure it's nowhere close to refugee camp, homeless ppl shelter just as any real estate investment.
If you are buying, my advice is that obtain 70% loan from Aus bank in Singapore.
Normally rental yield is 4-5% while bank loan your case is ~2% interest which is a poitive cash flow as long you got the 30% upfront.
If you sell the property after 12 months, 50% of the profit will be taxed at 30%.
If i were you, i will buy SGP instead of Aus since you dont have to pay 15% stamp duty like me!
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Brother noblebaby "name" must be used up @ Singapore, should have kena 10% @ 15% liao.

This is why keep BBB Greater KL...

TSxyyap
post Jul 16 2013, 05:52 PM

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QUOTE(noblebaby @ Jul 16 2013, 05:39 PM)
buy more before it is too late. lol... as long as it is FH except KLEC.  rclxms.gif
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Singapore copy Hong Kong policy.

Malaysia will copy soon, not sure how soon. Hehe.

TSxyyap
post Jul 16 2013, 09:42 PM

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QUOTE(noblebaby @ Jul 16 2013, 06:01 PM)
I love Msia and hate Singapore! tongue.gif
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So do I, but Singapore girls not bad mah.

Singapore superb working, but lousy living place.

TSxyyap
post Jul 18 2013, 01:51 PM

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Embassy exits Malaysian JV with Rs 400cr profit:

http://timesofindia.indiatimes.com/busines...ow/21077927.cms

BANGALORE: IT Park developer Embassy Group, one of India's top three office space builders, has exited an overseas joint venture with Malaysia's MK Land Holdings Berhad selling its 40% stake valued at $250 million , or Rs 1400 crore, back to the latter.

Promoters of MK Land, led by Malaysian property tycoon Mustapha Kamal, and Bangalore based Embassy had floated 60:40 JV to develop technology parks in Malaysia three years ago. IT park specialist Embassy sought to monetize stake in MKN Embassy Development, which has already built more than 3 million sqft project at Cyberjaya in Malaysia.

MK promoters bought back the Embassy stake, providing the Indian developer with a net profit of about $70 million, or roughly Rs 400 crore, in a deal struck during the just ended June quarter, said people directly briefed on the matter.

The privately held Embassy, with a portfolio of 24 million sqft commercial space, is among the very few Indian real estate majors with international joint ventures in south east Asia and Eastern Europe, as markets like Malaysia and Serbia looked to attracting global ITeS industry. Embassy Group CMD Jitu Virwani confirmed monetizing the Malaysian JV, when contacted.

Incidentally, the sale of Malaysian asset comes even as Embassy is aggressively looking to grow its office space portfolio in India through acquisition of IT parks and commercial properties across the country. The company has also spun of some of its iconic business parks in to JV, where private equity major Blackstone has picked up a 50% stake.

Recent Malaysian media reports said the publicly listed MK Land had scrapped plans to develop affordable housing projects in India through a separate JV with Embassy.

Both parties mutually ended the proposal after India's rocketing real estate prices and inflationary pressures rendered affordable housing projects unviable.

MK, in recent years, has focused on building affordable homes, as part of Malaysia's efforts to find housing for lower incomes families in the southeast Asian nation.


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