U bought after visited the "fair"? Is there any crowd?

I was there today... quite nice setup, different from the usual all-in-one-big-hall kind of arrangement with packed booths. It's kinda setup in a relaxing environment. By the way, for those who are still interested to go, I recommend going for the 1 hour free bus tour of Cyberjaya where you will be taken on a ride around Cyberjaya to see all the projects that are going on with short briefing. All in the comfort of the coach.

Sunday 23 Sep is the last day. Have fun guys!

Agreed.

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Added on September 23, 2012, 1:29 amSame to me too.Currently I am staying at subang,working at puchong,but I still feel CJ is the best.Finally decided choose it as my retire home

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Added on September 23, 2012, 1:31 amNo.bought it during August.

This post has been edited by fkfk: Sep 23 2012, 01:31 AM

whoah...u bought symphony hill, thats an elite neighbourhood in CJ.... if im not mistaken u gonna be neighbour with wahid, ceo of maybank soon..lol

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Added on September 23, 2012, 3:47 amwow...so expensive...my unit blr-2.1% oso still exp

This post has been edited by max_cavalera: Sep 23 2012, 03:47 AM

mbsb standard BLR-1%, means >1% higher than current day normal banks rate. Yeah, not a good option.

This post has been edited by ecin: Sep 23 2012, 09:50 AM

Cyberjaya will be over supply in next 2 years whn all the projects launched in 2010/2011 completed. Is it doable to invest here? Expecting stiff competition coming soon.

I just came back from Korea, where is the fair? Where to take the bus? Thanks...if I leave now, still got chance to see?

Understand your concern on oversupply, Worgen. Would you mind sharing why you think there will be an oversupply issue? Perhaps there are something that you know which we all don't know.

Don't get me wrong, I'm not doubting your statement but I just feel amazed at how people simply use the word 'oversupply' of properties in certain development area, without sharing the facts and figures.

My understanding is, ther current daytime population in Cyberjaya is 54,000 with only 10,000 residents chose to live there (ie night time population). There are about 3200 residential units in Cyberjaya NOW which works out to be an average of 3 person occupying one unit. So thw facts and figures show that there is currently shortage of residential properties in Cyberjaya.

By 2016, the daytime population in Cyberjaya is expected to increase to 100,000 due to the increase in number of MNCs, SMEs and educational institutions. Let's assume 20% of the 100,000 daytime population decides to live in Cyberjaya (that is already very conservative and actual percentage will depends on how Cyberjaya developed into a lifestyle township by 2016) - that will mean there is a projected 20,000 residents (ie night time population in Cyberjaya).

By 2016, with all the projects currently in the pipeline being completed, there will be a total of 14,000 residential units. So we are looking at 20,000 residents to 14,000 residential units by 2016 which works out to an average of 1.4 people per unit. I don't know about you but this doesn't sound like an oversupply to me. Remember there will also be a preference on certain types of residential properties eg apartments, bungalows, terrace house etc, so there may also be a concentration of preference towards certain quarters of property type, which will add on to the shortage.

Unless we have another 10-15 projects being launched over the next 1-2 years, based on the facts and figures above, oversupply doesn't seem to be an issue now. On the contrary, a shortage of supply MAY be possible if you digest the numbers above.

Of course, the economics of property market is not purely science as it also depends on a lot of other factors but I am just sharing the facts and figures to help investors out there to make a sound decision. Being an investor myself, I'm happy to exchange sharing as I am also learning stuff everyday

This post has been edited by tingc: Sep 23 2012, 10:47 AM

Your are quoting year 2016 and i m talking on residential completion by year 2013/2014. Anyway doesnt matter. Many choose not to stay in ciber mainly due to shortage of amenities and entertainments. Mostly those staying in ciber are students. I heard Overtime was supposely open an outlet in shafstbury square but was denied a licience by the authority. The place simply not happening and vibrant yet to attract night population. Once those projects completed in 2013/2014, how many choose to stay there? If only depend on students, can the coming supplies be fully absorbed? The only mall coming up is D'Pulze with cinema, hopefully it will make the place more vibrant to stay.

I did reply someone with the same thought as yours:
http://forum.lowyat.net/topic/2486682/+100

"very good analysis.. HOWEVER.. i think there is something missed out which "the right type of property for the right type of market" ..

Generally, I only see 2 types of properties in Cyber..
1) highend condos and landed props that worth > 800k
2) property cater for short term staying (SoXo, studio) and student market.. (e.g. The Place, dpulse, ARC)

But for those cater for general mass (2storey DSL, >1000sqft apartment/condo) are less.. and these are the biggest market segment for Cyberjaya working population, young adults, family, ppl who gonna start a family.. that is why properties surrounding cyberjaya are still prefered choice of many due to cheaper and bigger home... Amenity is just part of the story... IMHO, price vs build up also part of house buyers consideration..

All the landed props in Cyber are of highend which is pretty much beyond reach of majority of cyberjaya working adults.. are there working adults buy SOHO n studio for own stay? mostly i heard are for investment.. renting this pigeon holes could cost 1/3 of average working adults in Cyberjaya..

Thus IMHO, SK, Puchong, Serdang, Kajang etc still remain top pick due to its more affordable house, more variety, pay less for more build up compare to cyber..

p/s: for other prime location like KL n PJ, ppl willing to pay more for less space due to its amenities.. but i dont see the same for cyberjaya at this moment..

my 2c"

This pretty much reminds me the situation in China... there are plenty of demand for houses there, with the amount of population, houses are not enough... by using your "house to population ratio", China should be shortage of houses, but why are there still plenty of empty units?

Plenty of ghost cities with empty highrise apartments, but on ground level, citizens are still squeezing 5 families renting in 1 house.. The product (more specifically "price tag") did not meet its demand...

my 2c.. cheers..

I like the idea of staying in area that is not too populated..having lots of entertainment or shopping areas doesn't work for everyone..most people spend time at home than malls..my 2c as well..

Yes, agreed that its individual preference. But we need to see the majority preference.

Dear all Cyberjaya Taiko,
Am investing at Cyberia, note on the CURRENT good rental yield 1.6k (3r 2b) -- 2.4k (5r 2b, modified). Sub-sale market price is ~260 - 280 psf.... Bank valuation is about the same as market price..... Overall, the management does not maintain the place well....

My question to all is ---- what would be the impact of rental yield when The Arc is completed? Would MMU force all the students (1st year & final year) to stay in the Arc (in order for MMU to fulfill its 25 years contract with developer)? If this is the case, would Cyberia still able to has sufficient tenant market to enjoy its current glory?

Definitely students are going to pay a high rental rate in The Arc, but can Cyberia still win over the students (other than 1st & final year)?

Malaysia government building Singapore HDB.

They want to be the banker like Singapore government.

How to be cheap? Singapore HDB is never cheap.

Not related. Just wonder. Saw u active in Damansara Foresta thread.

"House prices are way too high."
>>> RM 300k for 1 Malaysia home is way way way too high. Proton car price is way way way too high too.


This post has been edited by xyyap: Sep 23 2012, 11:36 PM

Welcome to live in Cyberjaya!

Brother, thanks for sharing. Big Thanks. Share more yah.

It is good to hear why people don't buy Cyberjaya too.

Please don't drive them away.

A good product is like a magnet, it will slowly attracts people.