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Investment CYBERSQUARE @ CYBERJAYA [OWNERS' THREAD], Welcome to the City Centre of Cyberjaya

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rastakilla
post May 10 2013, 03:00 AM

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QUOTE(mister_lau @ Mar 20 2013, 05:35 PM)
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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Government is really ruining the motive of Cyberjaya. It supposed to be an intelligent city, not a congested city with lotsa development in future. Seeing the concurrent developments, around 20 project s coming up at one time, its really gona be congested like Puchong some day. What's the point? They should have limited the condo project and reserve more granaries instead. It should have more office and R&D Centres rather than converting it into township. The price is nt cheap , per sq is between RM500 - RM 600. The challenge is whether you can get a tenant in future or not? You are fighting with 20-30k units or maybe more. Depending how competitive your unit will be and the location, better to decide whether its worth spending. ALways remember when universities are up, they might have their own hostel. Everyone especiallly students cant afford to pay much high rent unlike a few...

The Arc opposite Cyberia is leased to MMU students for 25 years. Do you think Cyberia will sustain? Now itself, people start selling already. Furthermore, the facilities in the new condo/soho is even better. Beside will pangea , MCT lake front and CUCMS hostel is already up there. Opposite MMU is Cyber Cresent and adjacent to it is NAdyu's project which havent started construction. Within a 2km by 2km square, you see how many condo's is being developed. Som, better check in detail before you buy one in Cyber. It might look promising, but the question lies in the future once everything is up and functioning.

rastakilla
post May 10 2013, 03:07 AM

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QUOTE(twincharger07 @ Apr 3 2013, 08:18 PM)
Junior Exec 6k? how many junior Exec 6k we hav in Cyber, 5,000 of them?

the reason y MNC setup branch in msia is bcos we r somehow competence, language, n most important cost effective (aka cheap labour),, 6k junior exec is way too too optimistic,, i worked in  cyber, stay here study here since 2001,, work in curtent MNC for many years,, Junior exec getting 6k is very very rare,,, Most senior exec getting 6k n above either married or getting married in near future,,,
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Twincharger,
I support you as well. I been here for quite long as well but not long as you. 6k is too way much for a junior fellow. Nowadays companies cant afford to pay high as well. A 6-7 years experienced ntwk engineer guy is having hard time to obtain a job with 8k basic as well. MNC is coming in but they cant outsource to some other countries which are cheaper labor as well.
rastakilla
post May 10 2013, 03:13 AM

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QUOTE(Lcsx @ Mar 29 2013, 03:57 PM)
Cyber is also slightly like how Mont Kiara was a wile back. Although quite different but has its similarities. Hopefully the outcomes are similar.

Mont Kiara not too many years ago was a slow place. Low tenancy and commercial units there were dieing and struggling just to stay afloat.

After the many years. People started moving in more and as a result, the commercial units started to come up a bit. Then more people started staying there as the livability improved due to more commercials. Now all the commercials in Solaris and especially Publika are so vibrant and wong. And that is pretty much encouraging even more yuppies to slowly move into Mont Kiara.

Well lets see whether that part will be similar to Cyberjaya. Time will tell..
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I guess that area is mostly nestled by expats and wealthy/rich people.I went to Publika few weeks ago and their cars itself show that. How many Malaysian can really afford a condo with Rm5k rental monthly ?
There are expats staying is Cyber, not to deny, but do you think there will be that many people. Most of them prefer to be near to the city, because entertainment wise, Cyber has nothing for now ( except hops and grapes and coolers bar). Its a cowboy town on weekends. As you said, time might decide, lets see.
rastakilla
post Aug 6 2013, 02:10 AM

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wanna ask those who bought that when you get your booking refund for cybersquare
rastakilla
post Sep 19 2013, 03:50 PM

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agreed, they never contact back. all we have to chase...dammit
rastakilla
post Oct 13 2013, 01:11 AM

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Yes i received, really f***ed up these lawyers, last time said already sign now call back to sign, duno how the f**k they are working, simple thing also dont know to do, bloody troublesome! really they hired some cheapskeat lawyers!
rastakilla
post Dec 17 2013, 04:35 PM

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QUOTE(basri7777 @ Dec 14 2013, 11:23 PM)
what happen of this project? any update? progress picture?
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you can visit cyber and see it, its coming up
rastakilla
post Feb 21 2014, 02:12 AM

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soon there will shift to cyber square due to the facility offerings..
rastakilla
post Mar 3 2014, 02:03 PM

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Yes basri, but im sure ppl wants more amenity and shops, there is an office lot coming up exactly in front cybersquare as well, and im sure many more will be coming up,apart of CCC which would be build somewhere opposite lim kok wing towards right, this is also a good place....
rastakilla
post Mar 26 2014, 11:52 PM

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QUOTE(basri7777 @ Mar 26 2014, 03:21 PM)
there is A anb B tower only... no blok C
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Basri, there is C and D man, come on! Please check before you mention.
rastakilla
post Jan 26 2016, 10:29 AM

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QUOTE(Latio @ Jan 7 2016, 11:54 AM)
cause they will need submit the TNB and SYABAS application prior and collect the deposit from owners..
really Apr-2016? that is very fast and ahead from the expected schedule..
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has Anyone checked the current market price for 450 sq unit?

This post has been edited by rastakilla: Jan 26 2016, 10:29 AM
rastakilla
post Jan 26 2016, 04:53 PM

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QUOTE(Latio @ Jan 26 2016, 12:27 PM)
last time SA keep saying can get 1.5k for bare units.
but my guestimate tell me it will be around 1.3k..
what do u think?
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Hi latio,
Are you referring to rental?
I am referring to sell the unit
rastakilla
post Jan 26 2016, 05:18 PM

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Just checking mate. Rental I expect 1.4-1.7k , the higher, needs to look more pleasant..Plus point is nearby all the areas.

 

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