Sep 4 2012, 02:46 PM
Added on September 4, 2012, 2:55 pm
QUOTE(redman33 @ Sep 4 2012, 01:48 PM)
Went to drive around Cyberjaya last weekend after all the hype about developments going on there. Initially, I wasn't quite convinced that it will be anything big (at least not soon) but looking further ahead and after checking out all the projects there, I've changed my thoughts.
Here's my thoughts (critics and comments welcomed!) :
I feel there is a potential for it to be something 'big' - question is whether it will be 3 years, 5 years or 10 years, but personally it's a matter of time. Here's why I've said that. The fundamentals are there. The government has a big commitment to develop Cyberjaya due to their 'promise' to many MNCs already there, so they cannot afford this to fail. Many large developers (SP Setia, Mah Sing, OSK etc) are already present there so there must be strong fundamentals going forward. It will be a matter of time before the demand here picks up and prices soar. Time is the only variable but I think it will be within the next 10 years.
So I think it all boils down one thing - do I have the holding power if I invest in a property here? This is where I find Cyberjaya unqiue. Unlike earlier successful development townships (Kota Kemuning, Desa Park City, Setia Alam etc etc) where rental demand initially is very poor (you buy and expect little or no rental initially), Cyberjaya ALREADY has good demand for rental market (especially students and employees in Cyberjaya). However, this applies only to selected types of properties like apartments. This is the key point to me - if I buy say an apartment now, I can quite easily rent it out, and provided the rental justifies the purchase price, this property will be 'self-sustainable'. I just have to wait till the right time (ie 3 years, 5 years, 10 years??) and dispose it later.
So, in summary, if you are confident that Cyberjaya will eventually become BIG and there is NOW good market rental that gives a self-sustaining investment, then it seems like a green light for me.
Time to check out some projects
If you are interested in Lake View Residency @ Cyber Heights, please let me know. I can run a preview for you. ThanksHere's my thoughts (critics and comments welcomed!) :
I feel there is a potential for it to be something 'big' - question is whether it will be 3 years, 5 years or 10 years, but personally it's a matter of time. Here's why I've said that. The fundamentals are there. The government has a big commitment to develop Cyberjaya due to their 'promise' to many MNCs already there, so they cannot afford this to fail. Many large developers (SP Setia, Mah Sing, OSK etc) are already present there so there must be strong fundamentals going forward. It will be a matter of time before the demand here picks up and prices soar. Time is the only variable but I think it will be within the next 10 years.
So I think it all boils down one thing - do I have the holding power if I invest in a property here? This is where I find Cyberjaya unqiue. Unlike earlier successful development townships (Kota Kemuning, Desa Park City, Setia Alam etc etc) where rental demand initially is very poor (you buy and expect little or no rental initially), Cyberjaya ALREADY has good demand for rental market (especially students and employees in Cyberjaya). However, this applies only to selected types of properties like apartments. This is the key point to me - if I buy say an apartment now, I can quite easily rent it out, and provided the rental justifies the purchase price, this property will be 'self-sustainable'. I just have to wait till the right time (ie 3 years, 5 years, 10 years??) and dispose it later.
So, in summary, if you are confident that Cyberjaya will eventually become BIG and there is NOW good market rental that gives a self-sustaining investment, then it seems like a green light for me.
Time to check out some projects
This post has been edited by tingc: Sep 4 2012, 02:56 PM
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