I wish to become future owner and I am wishing for owners to take the initiative to move in.

Please don't this area another place to hoard empty properties.

Serin residence VP-ed already ? anyone know ?

MH370. sad tragedy. Wish for MIRACLE

https://forum.lowyat.net/topic/3125725/+40

yes. i bought a solstice unit last year... i will takes 4 years to complete.. in 2017,

Ownstay or invest ? u working in cyber ?

Time on Cyberjaya's side:

http://www.thestar.com.my/Business/Busines...-in-due-course/

A property agent told a seminar that an investor had asked him to help sell two 500 sq ft units in Cyberjaya recently. The investor lives in Puchong with his family. “I told him to rent out his Puchong house and to go and live with his family in the two small units in Cyberjaya,” he said. Subsequently, the agent received a string of calls asking him to sell their Cyberjaya units.

The above may be anecdotal but the same agent says the number of completions in the planned township is exceeding demand. This was subsequently confirmed by a few property consultants.

Conceptualised by the Government about 20 years ago in the mid-1990s, Cyberjaya continues to be planned and built as an information technology (IT)-themed city. It was in 2009, after the completion of the Maju Expressway (MEX) that developers began to show real interest there.

Says Setia Haruman Sdn Bhd business development head Sudhev Sreetharan: “As a result of the MEX Highway, 16 developers took an interest in Cyberjaya as MEX shortened the distance between Kuala Lumpur and Cyberjaya considerably.”

Prior to that, among the earliest and main developers there was EMKAY Group, the private vehicle of Tan Sr Mustapha Kamal Abu Bakar. Mustapha is also the controlling shareholder of MK Land Holdings Bhd which developed Damansara Perdana in Petaling Jaya.

He is also the chairman of Setia Haruman Sdn Bhd, the master developer of Cyberjaya.

Henry Butcher chief operating officer Tang Chee Meng says after the completion of the MEX Highway, other developers began to show an interest in Cyberjaya.

Tang says: “The completion of MEX Highway resulted in multiple launches. MEX shortened the travel time to just 20 minutes from toll to toll.

This offered potential and property buyers began to give the place a second look. With so many developers, the supply of stock increased dramatically. Some of these projects – student accommodation and SoHos (small office, home offices) – were aimed at investors.”

Tang says Cyberjaya is in a unique situation. “People who work there do not live there. They live in Kajang or Puchong instead. The day and night time population is very different,” he says. At the end of 2011, there were only 3,200 residential units in Cyberjaya and it was felt that this was insufficient. At that time, there was a daytime population of 53,000 comprising mostly knowledge workers and students.

That has increased to 58,000 today. The number of completed units has increase to 5,100. Of these, about a third or 1,500 are landed units. The remaining 3,600 are high rise units.

Setia Haruman’s Sudhev says while 5,100 are completed units, about 10,500 units are under construction, with 9,500 units being high rise units. Under the planning stage are 17,000 units, of which 16,000 are high rise units and the remaining 1,000 being landed units.

This effectively means that landed units will continue to be limited in the years ahead as the emphasis is on high-rise.

There are a few reasons for this emphasis on high-rise units and this is tied to the reason for Cyberjaya’s existence. The city wants to attract more IT workers. It also has an emphasis on education, which means a need for student accommodation.

The interest in Cyberjaya coincided with the buoyant property market which started in 2009/10 and went on till 2012/13. Coupled with easy credit, freebies and developers interest bearing schemes, many bought with the aim to flip, according to Tang.

“(But) they have found that it is not easy to do so,” he says, adding that more than half who bought into Cyberjaya were investors. The percentage of investors in Cyberjaya is higher than in Petaling Jaya and Subang Jaya.

Tang says: “Those who bought into Ara Damansara (near Subang airport) stay in Petaling Jaya. Those who bought into Cyberjaya were attracted to developers’ concepts, rebates and freebies.

“As congestion worsens in the Klang Valley, there will come a time when the situation will reach a tipping point and people will think ‘OK, I don’t mind staying in Cyberjaya’. When this happens, things will fall into place and Cyberjaya will have its critical mass,” he says.

Another property consultant who declined to be named says the emphasis by the guardians of Cyberjaya over the years has been to create another IT township the likes of Silicon Valley or Bangalore in India.

“The emphasis has been to attract companies, local and foreign, to relocate there.

“That was how MSC (Multimedia Super Corridor) status companies came about. That status gave companies certain privileges. There was this emphasis on the work component, but nothing on the play component as in the work, live and play configuration. It was built under a controlled situation.”

On how he expects property aspect to pan out, he says investors will try to sell. Failing that, they will try to rent. There may be a “war on rent followed by reality checks. If owners are unable to sustain the loan instalments, they will come under pressure.

“Cyberjaya may be in that last stage now.” He adds: “What we will see, or are already seeing in Cyberjaya, will be magnified many times over in Iskandar Malaysia.”

The executive director of Raine & Horne Lim Lian Hong says Cyberjaya and Iskandar Malaysia have different templates.

“Iskandar was built with Singapore in mind. If Singapore and Johor can be connected via public transport, Iskandar will be successful. Iskandar has different plans.

“In time, Cyberjaya will fill up. It just takes time and how long it takes will depend very much on the national and the global economy. 2008 (the global financial crisis) was a hiccup,” says Lim.

Rahim & Co (Selangor) Sdn Bhd manager director Choy Yue Kwong says Cyberjaya having more supply than demand is a common grouse in any location where there are many investors. “It is not unique just to Cyberjaya. Where there are too many investors, this is the result.”

Which takes us to Setia Haruman’s head of business development Sudhev comments with regards to the over supply situation. Says Sudhev: “We are not too concerned about the negative comments with regards to Cyberjaya properties. We have many people who invested in Cyberjaya who are laughing all the way to the bank.

“The problem is this – they are speculators, not investors. Speculators flip the properties when they get their keys in the hope to make quick money.

“Properties are not meant to be flipped one to three years after purchase. It is meant to be a long-term investment,” says Sudhev.

On the provision of affordable housing, Sudhev says about 3,000 units are scheduled to be launched this year, of which 2,500 units will be by the EMKAY Group.

Anyone plan to move in to cyber this year ?

i will wait for mall with cinema and hypermarket to be opened first lo

This post has been edited by blowwater101: Mar 18 2014, 10:09 PM

Scan copies of Star Property Sunday 16 March 2014.

https://forum.lowyat.net/topic/1775015/+2220

This kanvas brother is so bullish:

https://forum.lowyat.net/index.php?act=Sear...sult_type=posts

Yup waiting for the mall and cinema

Symphony Hills VP:
https://forum.lowyat.net/topic/1938249/+1700

Serin Residency VP:
https://forum.lowyat.net/topic/2271542/+100


This post has been edited by xyyap: Mar 26 2014, 09:53 PM

http://www.starproperty.my/index.php/artic...rjaya-by-night/


Buzz in Cyberjaya by night

Posted on April 2, 2014 | 320 views | Topic : News & Articles, Property News.


BY NURUL HANISAH
nurulhanisah@mystar.com.my


Old Town draws in the Cyberjaya night crowd.

HAVE you had the intention of moving to Cyberjaya but were held back because it would be a stop to your nightly activities?

The image of a ghost town, where the streets are empty and restaurants close early – you would think that the fun is over at 10pm. Well, think again.

Starbucks is one of the regular hangouts for residents while restaurants and eateries including the Chinese fusion-style Kitchen Village serves up meals worthy of celebrations at Prima Avenue.

Old Town White Coffee, Hassan’s Cafe and D’Arif nearby operate 24-hours here. The mamak outlets pepper The Domain, Neocyber – considered among the most popular areas to hang out with the Cyberjaya community late at night.

Shisha-lovers were seen crowding the Arabic-looking streets, lounging around the eateries, chilling out or catching their favourite shows on the big screen.

Most obvious were also the crowds of students enjoying the nighttime ambience.

“My shift here ends at 2am, and even at that time there are still people walking in,” said Hairul Hidir, who works at a 24-hour coffee shop. “We always get students coming in here for their dosage of coffee every night, mostly foreigners from nearby universities.

Besides that, office workers who finish their shifts late are also our regulars,” he added, referring to those who work at global delivery centres that operate 24/7.










According to Hairul, nightly activities are found at the Prima Avenue Sports & Recreational Centre too. Those who need to break out a sweat tend to flock there to have their futsal, badminton or table tennis sessions.

The trip around Cyberjaya lead us to Shaftsbury Square, a new mall that is becoming the most favoured and popular place for dining. There are so many food outlets to choose from, hence you could never go hungry here!

More malls are also coming to town. Just to name a few are The D-Pulze Shopping Centre opening soon, along with Pan’gaea, Centrus Shopping Centre, The Place, Garden Plaza – all of which are still under construction. Good news for shopaholics indeed.

Safety and security

On a more serious note, even with the nightly activities happening in Cyberjaya, the security is still well under control. With built-in cameras and CCTVs offering surveillance at almost every road and traffic light juncture, the township is closely supervised by a command centre.


Youths playing sports at night. – Photos by MOHD SAHAR MISNI

A check on the ground revealed that people staying in Cyberjaya tended to feel safe here.

Even when we were making our ground visits, the feeling was that of a generally secure township – without the need to worry for safety.

The DTS (Dedicated Transportation System) functions 24 hours, seven days a week for people to hop on and off as needed with well scheduled buses and vans providing round-the-clock efficient service.

With future plans of many retail malls, offices and residential developments over the next three to five years, the nightly activities in Cyberjaya are poised to take off. So yes, Cyberjaya is where the fun is now happening.

wow... 24 hrs service. impressive

YES [ 261 ] ** [44.77%]
NO [ 236 ] ** [40.48%]
DON'T KNOW [ 86 ] ** [14.75%]

tipu betul.! orang tak duduk cyberjaya.. can con laa!

for CBJ folks... it's all conjob lah.! if this DTS service so efficient.. no need laa wait so long for the bus or van..

24 hours service but at the interval of 8 hours after 7pm. LOL.