QUOTE(Malaysian_driver @ Mar 17 2013, 12:13 AM)
Won't know real figures till VP but just driving around CBJ and surfing new launch website, you will know there are many (read: MANY) development projects in CBJ, all ready by 2016-2017. Oversupply, highly possible...
same feeling.. just Pangeae itself more than 500 units per block, 90% studio.. with 4 blocks of service apartment, thats close to 2000 units..and we have Dpulse, Garden Plaza, The Place, Domain, Skypark, Hyve, Vita Soho.. etc etc
conventional bigger units Shaftbury, Arc (over thousand units), Serin Resicency, V residence, Mutiara Ville
Existing: thousands of Cyberia condos.. as i passed by Cyberia today after visiting Pangeae, a lot of sale/rent banners around cyberia
Other development competing for Cyberjaya population: 3 element, Zeva, Paragon3, O2?
Who is renting this studio? young working adults? young executives working in IT field in cyberjaya dont receive big pay cheques.. even with earning 5k permonth, renting for RM1500 permonth is already pretty tough for them... So if owners are aiming for senior exec, likely they are married with family and kids, they prefer bigger build up or landed..
Next owners might aim for expats, how many expats we have in Cyber? my expat colleagues (who work in Cyber) brought his family along and they rather stay in MK.. so you might aim for expats with tight budget..
Next is student market.. IMHO, mostly international students will have those kind of $$.. how many local students can afford? Being an MMU student before, I can say we are still depending on PTPTN and most of our parents are not rich... maybe LKW students from rich family (I dont know la).. And guess for Cyberjaya student population, majority are from which country, UK? Japan? Korea? US? or Germany? you know what sort of tenant you might be getting.. some might say I am "racist", but hey i have enough of them around..
Mar 17 2013, 03:04 AM

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