Investment CYBERSQUARE @ CYBERJAYA [OWNERS' THREAD], Welcome to the City Centre of Cyberjaya
Investment CYBERSQUARE @ CYBERJAYA [OWNERS' THREAD], Welcome to the City Centre of Cyberjaya
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Mar 18 2013, 08:38 AM
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#1
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157 posts Joined: May 2005 |
Already booked 1 unit
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Mar 19 2013, 01:47 PM
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#2
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157 posts Joined: May 2005 |
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Mar 20 2013, 02:15 PM
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#3
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QUOTE(optimus28 @ Mar 20 2013, 12:40 PM) isnt anyone worried about the oversupply? There are probably going to be over 10,000 units of soho/sofo/studio completed within 5 years...is there really such a demand??? I have been working in Cyberjaya for the past 8 years and suddenly see a rapid development these few years. Not too worry about oversupply as this township has a lot of potentials to grow, imho. |
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Mar 20 2013, 05:35 PM
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#4
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Cyberview Sdn Bhd. (Cyberview), a Government owned company. Established in October 1996, Cyberview is the landowner of Cyberjaya and has been mandated to spearhead the development in Cyberjaya.
As the landowner of Cyberjaya, Cyberview’s mission is to realize Cyberjaya as a global MSC Malaysia Cybercity hub and the preferred location for ICT, Multimedia and Services for innovation and operations; and to fulfill specific Government initiatives in support of the innovation economy. Cyberview offers potential investors facilities to suit their business needs, be they incubator centres, single-tenanted or multi-tenanted buildings; and even enterprise land in sizes tailored to requirement. The Government has also introduced the Industrial Building Allowance (IBA) incentive, which enables building owners in Cyberjaya to recoup their building costs within 10 years of completion. On top of that, the city features several unique initiatives in addition to ICT, business support services and physical infrastructure that has attracted numerous companies. The initiatives, introduced by Cyberview Sdn Bhd, include the 24-hour Cyberjaya Dedicated Transportation System (DTS), which is used to ferry in employees living outside Cyberjaya to (and from) work; and is complemented by an intra-city “Park and Ride” free shuttle bus network. Cyberview also believes in keeping an open, two-way communications with businesses; and has initiated the Outreach Programme with multinational and local corporations to enable parties to express their views and suggestions to make their operations in Cyberjaya remain seamless and efficient. Setia Haruman Sdn Bhd. (Setia Haruman), is the master developer for Cyberjaya. Setia Haruman is targeting to fully develop the city within 15 years. Setia Haruman is 75% owned by Emkay Group, with the balance held by UEM Land Bhd. It is entrusted with designing, planning and developing about 2,830ha in Cyberjaya. Recently (early June 2012), Setia Haruman announce an investment amounting to RM 2.5 billion over the next five years to develop four projects and construct additional infrastructure for the area. About RM 2.1 billion will be used to develop the projects, while RM 400mil has been allocated for the construction of infrastructure such as roads and drains, water reservoir drainage systems, sewage treatment plants and fibre optic. Since its launch in 1997 and some RM2 billion in investments, Setia Haruman has successfully developed Cyberjaya as the country’s intelligent city. Since 2009, other developers like Mah Sing, SP Setia, OSK and Glomac began buying large parcels of land in the area. In 2010, 82.5 hectares of land in Cyberjaya was for sold for RM 404.3 million. Last year the sale land tripled to reach RM 1.23 billion for 261.5 hectares, with residential developments leading the chart at RM 612.6 million followed by commercial developments at RM 395 million and enterprise at RM 156.7 million. Only 53% of land in Cyberjaya is available for sale for use as residential, mixed, institutional, light industry (automotive), enterprise and commercial developments. The rest of the land is reserved for public amenities, utilities, infrastructure and a green lung. To date, there are 16 developers building their projects concurrently in Cyberjaya. The ongoing and upcoming cumulative investments amount to about RM 20.6 billion and are projected to reach RM 52.6 billion by 2016. Cyberview, Managing Director, Ir. Hafidz Hashim in an interview with The Star in April 2012, revealed that investments in Cyberjaya totalled RM 3.12 billion in 2010, and RM 3.1 billion in 2011. A total of RM 522.6 million of the investment value in 2011 is generated from enterprise investment while residential investment came up to RM 2.48 billion. Property prices in Cyberjaya have rose by about 30% over the last two years. Investors have enjoyed return of over 10%, and retail business is thriving in Cyberjaya today. He also stated that as December 2011, development in Cyberjaya is 27% complete. Thirteen percent is still under construction while 31% is still in the planning stages. Cyberjaya total population is expected to reach 100,000 by 2016 – almost double its current 54,000. This corresponds with the total property development investments of RM 20 billion in this period alone. With that, the grand total of investments has reached RM 32.6 billion from all major developers since 1997. Through careful planning, Cyberjaya is today a true cybercity consisting of business incubators, enterprise development, residential properties, commercial outlets, educational institutions and other public amenities. |
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Mar 22 2013, 08:24 AM
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#5
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157 posts Joined: May 2005 |
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Mar 26 2013, 09:59 AM
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#6
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QUOTE(minki @ Mar 26 2013, 08:12 AM) Developer provided a list of panel banks with contact person. I haven't get any further info from my SA. Mind to share which are the panel banks?Wonder if i use the same bank but different contact person would also entitle free SPA & Loan Legal fee. Some say must apply via the contact person provided, some say same bank will do...... |
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Mar 29 2013, 12:20 PM
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#7
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157 posts Joined: May 2005 |
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Apr 1 2013, 05:54 PM
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#8
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157 posts Joined: May 2005 |
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Apr 2 2013, 12:04 PM
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#9
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Apr 4 2013, 09:52 PM
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#10
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QUOTE(aaronpang @ Apr 4 2013, 06:02 PM) With higher than average income, many still won't be financially ready/qualified to buy a house. I think it is needless to justify your purchase here to others and those who are skeptical have their points too. I believe nobody would dare to say this is a totally wrong investment. I also believe u have effortless holding power. Therefore, only time will tell...The optimistic income serves to highlight that disparity Current house prices are out of step with income, hence SOHO/renting will be viable alternative(s). Demographics 65.4% of Malaysia's population are between 15–64 years old Estimated Cyberjaya population: 52,000 Population aged 15-64 years old: 34,112 Assuming 1/4 are 20s early 30s: 8,528 So far income and population numbers seem favorable. The only big "?" what will Cyberjaya's commercial side, i.e: supermarkets, shops, theaters be like in 3-4 years time. Taking conservative and a long term view of Cyberjaya. Wost case I move into Cybersquare and rent my double story house in Puchong. Can walk to office its just across the road Sharing an interesting article worth reading:- http://www.starproperty.my/index.php/artic...roperty-prices/ http://www.statistics.gov.my/portal/index....content&id=1215 This post has been edited by mister_lau: Apr 4 2013, 09:59 PM |
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Apr 13 2013, 02:07 PM
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#11
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May 17 2013, 05:51 PM
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#12
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Anyone signed the SPA already? Going to sign this Sunday
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May 29 2013, 01:47 PM
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#13
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157 posts Joined: May 2005 |
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Jun 15 2013, 08:44 PM
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#14
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QUOTE(wengkwan @ Jun 14 2013, 07:30 PM) im the cybersquare soho buyer.... not happy and satisfied with their service... Sorry to hear that but which bank u dealt with? I guess u have not signed the loan agreement, why not ask other banks?1) firstly they dont have a proper receipt for the booking fees 2) their banker are sucks . not responsive..everything also need me to call them only get the answer..i book my unit soho c-33-11 in 19march2013.. till today..14JUNE2013. still no answer.. 3) their sales person is sucks too... you ever experience property agent ask you back what it mlta or mrta... i not say binastra cybersquare is not a good deal in fact is a very good deal. 10% downpayment absorb.. dibs...but their sales and bank agent is not perform well or should i say is really sucks..latest response from the banker yesterday say i only can get the 80% loan summore need to pay cash 5 years mrta because their 90% quota loan is full already... from march till today june total 3 month...how come they can work so slow till all the quota is full. |
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Jun 16 2013, 08:58 AM
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#15
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QUOTE(wengkwan @ Jun 16 2013, 01:16 AM) serious till now i also dunno which bank im dealing with.. all i know is im dealing with the cybersquare bank agency...the bank agent name is christina kok.. and her attitude really got problem... all my document i already summit in the month of march , the month that i purchase... Bank agency? U mean panel banker? Try Felix from maybank, 0122382617, he is very helpful.u know what ... i only got my official booking receipt last week...without the official receipt i cant do the loan with other banker... and the fun thing is the christina kok admit herself that all the 90%quota already full.... just wondering what she do with my document in past 3 months |
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Jun 20 2013, 09:06 AM
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#16
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Still many units left??
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Jun 25 2013, 11:23 AM
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#17
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Jul 4 2013, 08:03 AM
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#18
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My agent called me yesterday and said "Congrats, the price for Cybersquare has increase 5%".....
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Jul 15 2013, 06:01 PM
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#19
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Jul 16 2013, 06:30 PM
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#20
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