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Investment CYBERJAYA - Next Phase of Growth, Rebooting CYBERJAYA

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Soros007
post Sep 29 2014, 11:17 AM

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As usual - landed + condo > 900ft2 is always the safe bet in klang valley especially cyber.
MCT lakefront condo - It's not that bad huh comparing the price and size.

QUOTE(twincharger07 @ Sep 29 2014, 11:08 AM)
herm.. my fren just get his key for dPulse..
he mentioned owners are struggling to get tenant as locals are not willing to pay as much as RM1500 to RM1800 for studio. Majority owners are investors..
For RM1500 are short stay like 3 months which is quite a risk for long term..

Despite what being mentioned by Fendi, working population increased by 20k from 50k to 70k, dPulse being the very few completed studio units having difficulty in getting tenant.
Given the amount of 500sqft-ish boxes completing by the few thousand units in the next 2 years, seems pretty challenging.

The studio/soho frenzy started since 2012, a year has passed and 2 more years to go before everything complete in one go.. lets revisit again in 2 yrs time..
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This post has been edited by Soros007: Sep 29 2014, 11:18 AM
Fendi_Property
post Sep 29 2014, 11:50 AM

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QUOTE(Soros007 @ Sep 29 2014, 12:17 PM)
As usual - landed + condo > 900ft2 is always the safe bet in klang valley especially cyber.
MCT lakefront condo - It's not that bad huh comparing the price and size.
*
Ya, completion for TS is 2018, it's a completely different ball game altogether in 2018 compared to today, look up the projected companies, population and numbers in 2018 and hereafter, market is there, thats why 410 units out of 447 units sold in less than 2 months

Condos? afraid oversupply

twincharger07
post Sep 29 2014, 11:56 AM

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QUOTE(Fendi_Property @ Sep 29 2014, 11:50 AM)
Ya, completion for TS is 2018, it's a completely different ball game altogether in 2018 compared to today, look up the projected companies, population and numbers in 2018 and hereafter, market is there, thats why 410 units out of 447 units sold in less than 2 months

Condos? afraid oversupply
*
I think we are talking about Studio and Soho over supplied
mind you Ericsson is leaving Cyberjaya by year end

This post has been edited by twincharger07: Sep 29 2014, 11:57 AM
Fendi_Property
post Sep 29 2014, 01:43 PM

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QUOTE(twincharger07 @ Sep 29 2014, 12:56 PM)
I think we are talking about Studio and Soho over supplied
mind you Ericsson is leaving Cyberjaya by year end
*
Where did u hear Ericsson is moving? Any source? Nevertheless, there are countless companies coming in though plus existing companies with 'brain-workers'

Not to be defensive, we sometimes need to be number guys, see below attached the ROI statistic & key competitors, SoHo is a lot, not SoFo, as I mentioned earlier;

SoFo is not yet bound under Housing Development Act, unlike SoHo which is bound under HDA, there are quite a number of SoHo in the market, HDA says that SoHo is bound by any regulations by Law and if you touch the thin fine line between using SoHo as commercial or residential (which they never clearly states), you are under Act's arrest. SoFo is not. The Housing Development (Control and Licensing) Act 1966 Section 3A basically states that the minister may “from time to time, by order published in the Gazette, prescribe any type of accommodation to be a housing accommodation. In the event of any doubt as to whether a housing accommodation falls within the meaning of this Act, the Minister’s decision shall be final and shall not be questioned in any court”.

Can read the whole story bout Cyber here Cyberjaya Story Source: The Star Property

http://www.j-propves.com.my/?cur=page/page...Cyberjaya_Story

This post has been edited by Fendi_Property: Sep 29 2014, 01:49 PM


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twincharger07
post Sep 29 2014, 01:54 PM

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QUOTE(Fendi_Property @ Sep 29 2014, 01:43 PM)
Where did u hear Ericsson is moving? Any source? Nevertheless, there are countless companies coming in though plus existing companies with 'brain-workers'
Ericsson has secured leasing in Pinnacle Sunway..
They had announced last month about the relocation and moving by year end. You may ask Sunway if you want to.

Paper can write all they want.. I have been for more than 10yrs studying and working (occasionally few yrs assigned to abroad), no doubt there are more ppl coming in by 2 digit percentage but the amount of supply coming in the next 3 yrs is too much especially all the smaller units increasing exponentially

Your view based on newspaper, but I am seeing from the field.. we will revisit again after 2 yrs down the road.
max_cavalera
post Sep 29 2014, 02:49 PM

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zzz this fella with his on your face sales technique again.... pls read up some real owner of studio in The Domain and d'pulze that struggle to let out your unit got vacant unrented place in domain studio past 6 month to 1 year also...check out classified the same owner the domain studio keep advertising his unit to let the past 6-10 months....
Fendi_Property
post Sep 29 2014, 03:49 PM

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QUOTE(max_cavalera @ Sep 29 2014, 03:49 PM)
zzz this fella with his on your face sales technique again.... pls read up some real owner of studio in The Domain and d'pulze that struggle to let out your unit got vacant unrented place in domain studio past 6 month to 1 year also...check out classified the same owner the domain studio keep advertising his unit to let the past 6-10 months....
*
Ya, this is 2014, wait until 2018, the target rental is for the future, it's not even completed yet.

If you have no idea about what Cyberjaya future holds, read this.

Cyberjaya Story

Cyberjaya - The Landmark MSC Development

TRANSLATED literally, Cyberjaya means Cyber-success. Fast forward almost 17 years since its opening in May 1997, now is an interesting time to assess whether Cyberjaya today is what it aspired and set out to be – the Silicon Valley of Malaysia.

Many would say that we are not even close, but I think it would only be fair to say that Cyberjaya is a landmark development of more than 7,000 acres of primarily undeveloped oil palm plantations.

Driven back then by what was known as the Multimedia Development Corporation (MDC), Cyberjaya remains the nucleus of our Multimedia Super Corridor (MSC) Malaysia or what many techno-preneurs affectionately call the MSC.

The township is now home to many multinationals such as T-Systems, Dell, HP, DHL, Mahindra Satyam, Wipro, HSBC, Ericsson, Motorola, OCBC, BMW, IBM, Shell IT, Monster. com, Vivanova Systems, the Response Centre of the Anti-Money Laundering Network and many other local MSC-status companies.

As part of the transformation, Multimedia University (MMU) is now a thriving campus with more than 20,000 students and a growing number of international students.

In recent years, an interesting trend is witnessing the steady growth of the student population led by universities such as the Limkokwing University of Creative Technology (LUCT) and the University Malaysia of Computer Science & Engineering; Cyberjaya University College of Medical Sciences; Cyber Putra College and Kirkby International College.

Regardless of whether Cyberjaya will be the Silicon Valley of Malaysia, one thing is for sure:- Cyberjaya is here to stay and grow.

There are many plus points to a place like Cyberjaya, especially if one is looking for an abode that is calmer and more peaceful than the hustle and bustle of Kuala Lumpur or Petaling Jaya.

And, given the growing population of knowledge workers in the MSC and the ever growing number of local and international students, the potential of investing in a property for rental returns is real.

The “success” of Cyberjaya may be determined by the many property developers coming into the area who would do well to create innovative and affordable products. This would convince more of us to want to move there.

As you flip through the pages of this pullout, you can judge for yourself from the wide portfolio of projects representing the developers who are making a beeline to Cyberjaya, that the viability of the township is definitely showing positive signals for this emerging city.


Cyberjaya - A City In The Making

THE StarProperty.my team hit the roadwith CBD Properties Sdn Bhd’s Jaime Chew and husband-and-wife team Timothy Low, Tamie, and a busload of approximately 50 real estate agents who dedicated a day to understanding the ins and outs of Cyberjaya.

The camaraderie enveloping the trip was one of sheer enthusiasm, unlike that of a tour. Visiting the UEM Sunrise Bhd’s subsidary Symphony Hills; Aspen and Clover by Mah Sing Group Berhad, among others, was an eye opener.

We drove past Tamarind Square by Tujuan Gemilang Sdn Bhd that will see future retail and office units facing a courtyard garden, “tree houses” that will be used as commercial hubs and SoHo (Small office Home office) units.

Undeterred by the seemingly far distance, we even took up Areca Properties Sdn Bhd’s Jennifer Chow’s offer to tour Cyberjaya at night.

The night’s sojourn took us to Starbucks, Prima Avenue, where night owls flock. A stone’s throw away, the Kitchen Village proved its mettle by whipping up dishes to satiate ravenous appetites while 24-hour mamak shops catered to the student crowd.

However, our efforts at exploring the nooks and corners of this Multimedia Super Corridor (MSC) Malaysia branded city were miniscule compared to the huge efforts of Setia Haruman Sdn Bhd, the master developer, in solidifying a strong blueprint for 21 blue-chip developers to invest RM20bil in this freshlyminted township.

RM400mil will be spent in upping connectivity in Cyberjaya which now has a 35km run of fibre optic cables all across the city.

Optimism is in the air as Cyberjaya gears itself toward a complete eco-system by 2016. In the eloquent words of Setia Haruman’s Sudhev Sreetharan, “Cyberjaya is a township development with a national agenda in mind. We’re competing with global smart cities to attract companies into Cyberjaya.” Even so, he is quick to pinpoint Cyberjaya’s unique position in being able to turn competitors into friends.

“As developers, we are competitors outside of Cyberjaya, but within it, we work together. The eco-system here is unique. If a developer fails, all the rest will fail. We all understand that. We’re fighting for market share, but it’s a friendly competition.”

And, indeed. Cyberjaya is on the cusp of exciting times ahead.

Cyberjaya - Capital City Of Creative Industry

CYBERJAYA is keeping up with rapid changes in the IT (Information Technology) industry by undergoing changes on several fronts. The authorities have implemented several policies to enhance national growth and accelerate its shift into a digital economy. A one-stop centre will reportedly be set up in Cyberjaya to support companies involved in creative multimedia, research and development, outsourcing and data management.

Prime Minister Datuk Seri Najib Tun Razak recently announced the setting up of MaGIC (Malaysian Global Innovation and Creative Centre) as part of the government’s latest effort to enhance entrepreneurship. According to reports, a 115,0000sq ft building has been earmarked for the MaGIC office, which is intended to be a hub for entrepreneurs throughout Malaysia. Targeting entrepreneurs, the centre will make available everything from getting financing from banks or venture capital to incubators for developing start-ups. The ese include everything from intellectual property registration to facilities for training, coaching and mentoring, among others.

IT hub for technology professionals
Cyberjaya is already home to several multinational companies which have established themselves in this city and which are providing several services including global shared services and outsourcing.

Among them are HSBC, Fujitsu, DHL, Ericsson, IBM and Shell. The tech-city has a strategic location as it counts 38 multinationals as tenants with almost 800 tech-oriented companies in general taking residence here. Cyberjaya already has an excellent fibre optic network infrastructure laid down by Setia Haruman Technology Sdn Bhd.

According to media reports, the network infrastructure that facilitates data transfers between the two centres in Cyberjaya is able to accommodate up to 1GBps (Gigabites per second). This infrastructure has helped encourage growth for data centres in the city, creating opportunities for companies to develop themselves in the big data analytics field.

Cyberjaya is the place that allows new ideas to be explored and nurtured. There are several centres that allow entrepreneurs to develop their ideas into products and services that are commercially viable such as the SME (Small Medium Enterprise) Technopreneur Centre, MSC (Multimedia Super Corridor) Malaysia K(Knowledge) Workers Development Centre, and MSC Malaysia Technology Commercialisation Centre.

There are also several educational institutions in Cyberjaya which cater for the educational needs of its residents including the MMU (Multimedia University), LUCT (Limkokwing University of Creative Technology), Seri Puteri Boarding School and Kirkby International College.

The educational courses offered in the universities will enable students to learn multimedia disciplines branching out into animation, graphic design, broadcasting, games design, architecture, interior design, and programming.

These institutions would, in turn, help to nurture the talent that the nation’s IT industry needs.

In conclusion, with the infrastructure, institutions, policies and employment opportunities converging in one place, Cyberjaya will continue to thrive as a cyber city of the future.


A Bright Future For Cyberjaya

Setia Haruman tells us why Cyberjaya is the city to watch in the coming years as this quiet township is poised to break her silence in a big way

THE atmosphere was abuzz with a sense of enthusiasm that was almost tangible as a group from CBD Properties listened intently while Setia Haruman business development head Sudhev Sreetharan explained how Cyberjaya was a city of as yet untapped potential. “Ok, I can get a little excited,” Sudhev laughed, addressing the room full of approximately 50 real estate agents.

“People are looking at Cyberjaya. It’s different. I would like to tell you that you need to analyse Cyberjaya to understand what’s actually happening here, why it’s happening here, and moving forward, what is going to happen.”

Since its inception in 1997 under the Multimedia Super Corridor (MSC) Malaysia initiative, Cyberjaya, which was poised to take off, was met with challenges. This, Sudhev says, can be attributed to the multiple financial crises that the country had to face in recent years. But, now that the global economy has begun to recover, it would seem that it is finally Cyberjaya’s time to shine.

Building Cyberjaya
“Setia Haruman, who are we? We are basically the master developer of Cyberjaya. Being a master developer, it’s not just about property development - it’s also about township development. What we are trying to create here is actually a perfect eco-system and there’s always that ‘chicken and egg’ situation.” Sudhev said, referring to the challenges of developing Cyberjaya

According to him, deciding what to develop first is a delicate balancing act as developing the commercial sector first means that businesses that come in will not have a ready market to sell their goods.

Adversely, people are generally reluctant to buy in the residential sector unless there are readily available amenities nearby.

To combat this dilemma, Setia Haruman adopts the attitude of “friendly competition” when it comes to the other developers who are keen on launching their property projects in Cyberjaya.

“We are fighting. Yes, we are fighting for the market, but it’s a friendly competition,” explained Sudhev. “So it’s a unique situation here in Cyberjaya, how all of us developers are working together. I’m from Setia Haruman, and we’re selling alongside all the other developers. Of course, we’re wearing the master developer’s hat. That’s what we do... We actually support the entire eco-system.” Sudhev noted that at least 21 big-name developers, seeing the township’s potential, have already bought land and are starting to build in Cyberjaya.

Poised for greatness
For many years, the common perception of Cyberjaya has been that it is a ghost town. Now however, it would seem that it has finally begun to gain traction in the property market, with the increasingly improved accessibility in the recent years. Cyberjaya is now connected to Kuala Lumpur via convenient links to major highways such as the Maju Expressway (MEX), NorthSouth Expressway Central Link (Elite), Lebuhraya DamansaraPuchong (LDP), South Klang Valley Expressway (SKVE), and the Kajang Dispersal Link Expressway (SILK) with plans for an MRT system also in the pipelines for 2016. This means it now takes a mere 20 minutes to get from Kuala Lumpur city centre to Cyberjaya.

However, there is more to a township than its ease of access. That is why Setia Haruman, the other stakeholders and developers within Cyberjaya are building topnotch recreational facilities for its residents. This includes the 400acre Cyberjaya Lake Garden, where people can go to enjoy the beauty of Cyberjaya’s clean, green and lush landscape. However, if the outdoors is not your forte, work has started on Cyberjaya’s first shopping centre D’Pulze which will be one of five or six malls that are anticipated to be completed by 2016.

Changing perceptions
It would seem that the biggest challenge Cyberjaya faces at the moment is changing the mindset of the public. “People have had an untrue impression of Cyberjaya: That it is very far, there’s nothing there,” said CBD Properties project marketing head Timothy Low.

“But if you see it now, especially when the properties are all maturing, developers are starting to complete their properties, and buyers are starting to get their keys. You know, this is the time when the market will start to move,” he said, commenting on how much Cyberjaya has changed for the better in recent years and is being transformed into a place of enormous potential.

In an effort to change the public’s mindset about Cyberjaya, Low and his team from CBD Properties have begun organising study tours of the emerging township to show investors, home buyers and real estate agents how far it has come, and how much it can still grow. The tour takes its participants from Kuala Lumpur into Cyberjaya, allowing them to experience for themselves how quick the journey really is. The visitors are then taken around the various show rooms to see all the exciting developments that are coming up and due for completion in the near future.


Buzz In Cyberjaya By Night

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’gea, Centrus

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.

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-theclock 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.


10 Things You Didn’t Know About Cyberjaya

1 It only takes 20 minutes to travel by car from Cyberjaya to Kuala Lumpur City Centre (KLCC) and Kuala Lumpur International Airport (KLIA) during peak hours.

2 There is a dedicated transportation services 24 hours a day, seven days a week.

3 There are over 800 business entities here such as the World Health Organisation (WHO) and the United Nations Development Programme (UNDP), 496 of which have Multimedia Super Corridor (MSC) Malaysia status with over 35,000 Knowledge (K)-workers.

4 Cyberjaya is a world-class education hub with smart schools including the Multimedia University (MMU), Cyberjaya University College of Medical Sciences (CUCMS) and Limkokwing University of Creative Technology (LUCT).

5 There is currently a student population of approximately 23,000 in Cyberjaya, 40% of which are foreign students.

6 Cyberjaya is the nation’s most well-connected city linked by 35km fibre-optic cables.

7 By 2020, Cyberjaya plans to reduce its carbon footprint by 21%.

8 There are plans for a digital museum and performing arts centre to promote the arts and culture in Cyberjaya.

9 In the next three years, five shopping centres will be opened within Cyberjaya.

10 Cyberjaya is a food haven where local forgetting 24-hour halal mamak shops operate.


Cyberjaya versus Kuala Lumpur

Here’s why some native urbanites are opting to stay at this new township

ITHINK Cyberjaya is underrated. Everybody just complains about the distance.” This statement, which was made by Zerin Properties chief executive officer Previndran Singhe at a recent event, echoes the common perception most people have of Cyberjaya being a destination far away from the city. However, this common misconception will be a thing of the past with convenient highway links including the Maju Expressway (MEX), North-South Expressway Central Link (Elite), Lebuhraya Damansara-Puchong (LDP), South Klang Valley Expressway (SKVE) and the Kajang Dispersal Link Expressway (SILK).

Cyberjaya’s property market is beginning to show real signs of development. Certain areas such as Cyberia Smarthome and Garden Residence are performing particularly well and are being tipped as projects to watch.

Surrounded by generous greenery and topnotch facilities, Cyberjaya is indeed the new prominent city as it plays host to the region’s most beautiful scenery and natural features.

New residents are moving to the area in droves despite it involving a fair bit of commuting to Cyberjaya. Cyberjaya is located 50km south of Kuala Lumpur and is now a well–known modern and dynamic city.

Would-be purchasers touring the neighbourhood of Cyberjaya will not lack showrooms to visit as at least 21 developers are making this their township of focus for now. From well-designed condominiums, to elegant looking semi-detached units, Cyberjaya could represent the ultimate dream catcher for residents who long for homes with futuristic features.

Cyberjaya also fulfills certain criteria for conducive living as compared to Kuala Lumpur which is now too populated. Due to the heavy traffic, skyrocketing prices and rather crowded territory, buying properties in Kuala Lumpur to some, would not be a fesible option. Young families are now looking for locations that are suitable to raise their families and Cyberjaya offers that positive trait.

Looking at the market prospects in Cyberjaya, some investors could view this township as a potential goldmine, albeit in the longer period. Cyberjaya is not only inhabited by locals but also foreigners as the city is equipped with two top private universities as in the Limkokwing University of Creative Technology (LUCT) and the Multimedia University (MMU). Taking a check on the ground, both local and international students seem to express positive vibes regarding the cyber city.

Nadirah Nasution, 20, also known as Neddy who is an aspiring event manager currently pursuing her studies at LUCT here. She thinks that the city is technologically up to par.

Neddy opined that the structural expansion of the city gives it a more avant-garde look which could be viewed as an attractive feature that will attract more residents to the town. She has recently shifted from her Desaria Villa Condominium unit in Puchong, Selangor to stay at the Cyberia Smarthome New Town Villa in Cyberjaya.

Expressing how she perceives Cyberjaya as a “modern and well-planned city”, she also loves how the buildings are designed.

Transportation-wise, Neddy said Cyberjaya offers various mode of transportation for students to move about, which is similar to the choices at Kuala Lumpur.

“There are options available such as buses and taxis. Cyberjaya is equipped with multiple bus stops and and 15 minute intervals for buses to take you from point A to point B without any hassle. Within any destination in Cyberjaya, regardless of the distance, the taxis have a fixed rate of RM8 to RM12 and the rate increases for places outside of Cyberjaya. “I think it’s a good environment for students as there are not much distractions here and we are not caught up in the typical city life which is not healthy for us,” she added.

Secure and safe surroundings
Natasha Hussain who was born and bred in Kuala Lumpur chose to to reside in Cyberjaya due to its peaceful environment.

According to her, Cyberjaya offers serenity in a secure environment. “I’ve been living in the big city since I was small. ‘Hectic’ would be the right word to describe Kuala Lumpur. I love Cyberjaya, not only because it’s new but how organised it is.”

She added that commuting to the big city is not a big of a deal for her. As a young working mother who’s raising two children, she commutes from Cyberjaya to Kuala Lumpur daily and she claimed that there are various routes that can be utilised to avoid heavy traffic.

Natasha is willing to commute just as long as she’s able to provide a secure environment for her family. “It was a decision that my husband and I made. We both fell in love with Cyberjaya because of its location which for us, is conducive to raising our family.

“Schools are nearby, the city itself is very clean and my children are basically exposed to a serene environment which is perfect for their growth. This is a place where I can just plan a spontaneous picnic over the weekend at the park with my family,” she enthused.

When asked about Cyberjaya’s famous range of “fenceless residences”, Natasha affirmed her preference for the Western style, especially on how they structure their designs and run their households. “I love how most of the Cyberjaya residences are gateless communities. It’s good to know that Malaysia is applying that modern concept here. “

Commenting on her home, she said that the residence here is efficiently maintained.

“It’s a safe community as the security team is very reliable. I trust them and the neighbours here are helpful too.” Natasha added that Cyberjaya has the potential to be the “next big city” as she is able to find entertainment and the city is conveniently accessible. Cyberjaya is now mainly focused on residential areas and shopping malls.

“This city is expanding rapidly. I’m amazed because as far back I can recall, during my first trip here, this city was like a blank canvas,” she recalled.


Cyberjaya’s Identity Crisis

HAPPY 17th birthday Cyberjaya. Yes, the township of Cyberjaya, which was envisioned by Malaysia’s former Prime Minister Tun Dr Mahathir Mohamad is now 17 years old.

The compelling idea behind Cyberjaya was to create a themed city, built across a 7,000-acre green field situated between Kuala Lumpur and the Kuala Lumpur International Airport (KLIA), thereby creating what was to be known as the Multimedia Super Corridor (MSC) - a self-contained intelligent city with world-class information technology (IT) infrastructure, low-density urban enterprise as well as state-of-the-art commercial, residential, enterprise and institutional developments. In other words, Cyberjaya was to herald the dawn of a new “Digital Malaysia”.

Therefore, it was pure bad luck that the timing of the launch and the subsequent investments were made just before the Asian Financial Crisis (AFC). When that happened, the undertaking stalled, necessitating the Government to take over the project.

The Government soldiered on post-AFC and made all the necessary investments and in the process, managed to develop an industrial city with terrific infrastructure, albeit on a much smaller scale. Connectivity was greatly improved with the new Maju Expressway (MEX) formerly known as Kuala LumpurPutrajaya Expressway (KLPE) with its links to the other highways. A rail link was also made available through a shared facility with Putrajaya next door.

Kuala Lumpur was now just 20 minutes away. Additionally, three universities and three colleges were established to synergise with the demands for talent by the employers in Cyberjaya. It was a huge undertaking. However, despite all these initiatives, Cyberjaya did not enjoy the success it so richly deserved. What went wrong?

Early days
The early adopters who arrived in Cyberjaya found that no one actually lived there and their workforce had to be imported to the new township. Travel was a 50km journey by car. Alternatively, employees had to be ferried around in buses at great cost. Staff turnover was high and the human resource departments were at their wits’ end.

As a result, in the 17 years since its launch, not that many multinational corporations or MNC’s have established and grown their presence in Cyberjaya. Some of the companies that invested in Cyberjaya found their technologies being surpassed by newer products, forcing them to close and leave. As a result, Cyberjaya has not resembled anything close to the Silicon Valley development that was originally envisioned to be.

To further complicate the situation, the MSC status was being granted to other parts of the Klang Valley, removing Cyberjaya’s exclusivity as Malaysia’s only MSC centre. New developments such as i-City in Shah Alam, various developments in KL Sentral, Bangsar South, Petaling Jaya and many other locations could now qualify for MSC status.

As a result, many companies decided back then to expand their operations within Greater Kuala Lumpur where there was an excellent transport system in place and more importantly, a large talent pool available to leverage on for their new businesses.

And then something changed. The development opportunities in Puchong were exhausted, land prices in developments adjacent to Cyberjaya were skyrocketing and large tracks of land were becoming increasingly difficult to get hold of. The housing boom had arrived at the doorstep of Cyberjaya.

With ample affordable land and excellent infrastructure, land banks were quickly snapped up by Malaysian developers with good track records like SP Setia Bhd, Mah Sing Group Bhd, Glomac Bhd and the Emkay Group to name a few. They moved in quickly to acquire large tracts of land and successfully launched large residential and commercial projects. So, what started out as the Silicon Valley of Malaysia was in danger of becoming yet another township development.

Cyberjaya, a concept ahead of its time
Cyberjaya was an idea well ahead of its time. Unfortunately, it was a victim of events out of its control. A lot of time was lost during the AFC and a lack of corporate sponsored research and development (R&D) at the universities did not play up to the strengths of the Cyberjaya concept.

We also fail to remember that the MSC was conceived well before the advent of cloud computing, the i-phone, the i-pad, Apps, flash disk drives, digital music players, digital cameras, Facebook, WhatsApp, Instagram, Amazon, Twitter, online shopping and Android software. Google was just an idea at the time and Blackberry was just a term solely referring to a fruit.

It appears that Cyberjaya hasn’t been able to respond quickly enough to the speed of a rapidly changing digital world and as a result, did not concretely appear to know what it wanted to be. The good news is that Cyberjaya is not without its strengths. Moving forward, I am pleased to see that there are plans to intensify marketing efforts in terms of promoting Malaysia as a global Data Centre (DC) hub, to both local companies and foreign investors.

I have always held the view that we need to emphasise that Cyberjaya has the supportive eco-system to become a great global DC destination and with that, it can become a world leader in this field. Much has already been heavily invested to ensure that a worldclass infrastructure has been put in place with an abundant supply of power, land and water making it sustainable.

However, one of the challenges that has not been addressed is Malaysia’s bandwidth cost and a relative lack of diversity in the area, which are crucial components of a DC service. Compared to Singapore, fewer data submarine cables terminate in Malaysia, making it less attractive for DC operations. This needs to be addressed, and quickly.

With the additional investments made, a solution could be at hand and Cyberjaya could re-emerge as the leading contender as a global DC hub. Cloud computing is the next big thing. Demand is only just beginning and growth is exponential. Malaysia has a lot going for it: We don’t have natural disasters and are still a lowcost destination with great infrastructure, with an educated population and stable Government.

Let’s hope when that happens, there will still be reasonably priced land left in Cyberjaya for these new hi-tech buildings to be constructed on. Fulfilling the potential of this remarkable development is becoming a reality; Cyberjaya can finally become a mature township with great industries and universities - propelling its rising potential for achieving city status.

*people often scared because they have not equip themselves with adequate amount of knowlege and info, if you increase your knowledge, your fear will be lesser, but some ppl just will never make money because too sceptical of everything, but bear in mind your risks must be taken care of 1st

Solstice1602
post Sep 29 2014, 04:41 PM

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QUOTE(babynoteeth @ Aug 18 2014, 01:37 PM)
If not mistaken, MNU signed contract with The Arc to rent the units to MNU students.
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rolleyes.gif u r right.. rolleyes.gif
MrHunter
post Sep 29 2014, 08:17 PM

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Tamarind spams all cyberjaya thread. Aiyo.
blowwater101
post Sep 29 2014, 08:25 PM

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QUOTE(MrHunter @ Sep 29 2014, 08:17 PM)
Tamarind spams all cyberjaya thread. Aiyo.
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so long I lazy to read leh... cry.gif

mayb it is my problem la...
den
post Sep 29 2014, 08:25 PM

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QUOTE(MrHunter @ Sep 29 2014, 08:17 PM)
Tamarind spams all cyberjaya thread. Aiyo.
*
ya lo. but all like quite old news.
MrHunter
post Sep 29 2014, 09:14 PM

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Dear Fendi..appreciate your information. Seriously i always keen to read cyberjaya development, however, your info a bit too long n the factual info a bit zzzzz...l so i skipped it. In fact, it is quite annoying to scroll it down. Seriously, i think engagement is good but need to balance both sides i.e. buyer n seller point of view. U can use this platform to answer readers rather than keep pumping in long winded information.

This post has been edited by MrHunter: Sep 29 2014, 09:17 PM
MrHunter
post Sep 29 2014, 09:16 PM

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Let me start the question. Is it under schedule H? If no, is it sofo or sovo? DMC allows to use it as residential?

This post has been edited by MrHunter: Sep 29 2014, 09:16 PM
blowwater101
post Sep 29 2014, 09:27 PM

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QUOTE(MrHunter @ Sep 29 2014, 09:14 PM)
Dear Fendi..appreciate your information. Seriously i always keen to read cyberjaya development, however, your info a bit too long n the factual info a bit zzzzz...l so i skipped it. In fact, it is quite annoying to scroll it down. Seriously, i think engagement is good but need to balance both sides i.e. buyer n seller point of view. U can use this platform to answer readers rather than keep pumping in long winded information.
*
Thank you Mr.Hunter.

I prefer a simple write up too....
mrPOTATO
post Sep 29 2014, 10:52 PM

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QUOTE(Fendi_Property @ Sep 29 2014, 03:49 PM)
*people often scared because they have not equip themselves with adequate amount of knowlege and info
*
I have finished reading the content but still a bit scared ..
neoexcaliber
post Sep 30 2014, 08:22 AM

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I've studied, lived and worked in Cyberjaya for 10 years and I don't get why you guys keep using the working population as a gauge. Almost all my local friends and acquaintances working in Cyberjaya don't live there. Even the foreigners preferred to stay outside Cyberjaya thanks to the DTS buses, or has the situation changed in the last few years?
Fendi_Property
post Sep 30 2014, 08:55 AM

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QUOTE(neoexcaliber @ Sep 30 2014, 09:22 AM)
I've studied, lived and worked in Cyberjaya for 10 years and I don't get why you guys keep using the working population as a gauge. Almost all my local friends and acquaintances working in Cyberjaya don't live there. Even the foreigners preferred to stay outside Cyberjaya thanks to the DTS buses, or has the situation changed in the last few years?
*
Ya maybe because there are not many proper residences in Cyber yet. Rumor has it after 5 or 10 years, people will accept and start saying 'Oh,its ok for me to live in Cyberjaya', most probably when they start to witness all the 'bring to life' malls, retails, shoplots with good tenants, buzz,some nightlife etc.

But definitely take longer time for the numbers to mature and the momentum to pave its way.Same thing as those people who are very negative of Puchong when it was still a 'tanah merah' (red soil) land few years back, people are laughing hysterically to Puchong investors and habitants because they claimed why stay in a dead town? Ya as much as we hate Puchong, sentiment is high u know why, we cant deny that property there has boomed.Same goes to Semenyih

U cant compare lousy infra in a lot of places in KL Centre n Selangor to 'lets-get-it-right-at-the-first-time' infra in Cyber. After all Cyber is not Sekinchan, Kuala Selangor or Seremban which are far off compared to Cyber,where a lot, I mean really a lot of things to do n rectify.

It is definitely the future market, we cant predict the future but look at the indicators which is already there.

N as a smart investor,we dont enter when everything already matured,prices qlready skyrocket and old investors ady making money,we enter when its still a dead town with bright future, remove the stigma that Cyber wont have a future, and we enter when the numbers and ongoing trends foresee a turnaround, thats where yr ROI or ROC maximizes

Theres a funny article few days ago how Gen-Y cannot afford 600k properties in Msia and what they do? They work their asses off and save save save until they hv the enuf amount of money, and what happens after few years ? Property already increased to 800, 1m ! smile.gif

neoexcaliber
post Sep 30 2014, 09:39 AM

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QUOTE(Fendi_Property @ Sep 30 2014, 08:55 AM)
Ya maybe because there are not many proper residences in Cyber yet. Rumor has it after 5 or 10 years, people will accept and start saying 'Oh,its ok for me to live in Cyberjaya', most probably when they start to witness all the 'bring to life' malls, retails, shoplots with good tenants, buzz,some nightlife etc.

But definitely take longer time for the numbers to mature and the momentum to pave its way.Same thing as those people who are very negative of Puchong when it was still a 'tanah merah' (red soil) land few years back, people are laughing hysterically to Puchong investors and habitants because they claimed why stay in a dead town? Ya as much as we hate Puchong, sentiment is high u know why, we cant deny that property there has boomed.Same goes to Semenyih

U cant compare lousy infra in a lot of places in KL Centre n Selangor to 'lets-get-it-right-at-the-first-time' infra in Cyber. After all Cyber is not Sekinchan, Kuala Selangor or Seremban which are far off compared to Cyber,where a lot, I mean really a lot of things to do n rectify.

It is definitely the future market, we cant predict the future but look at the indicators which is already there.

N as a smart investor,we dont enter when everything already matured,prices qlready skyrocket and old investors ady making money,we enter when its still a dead town with bright future, remove the stigma that Cyber wont have a future, and we enter when the numbers and ongoing trends foresee a turnaround, thats where yr ROI or ROC maximizes

Theres a funny article few days ago how Gen-Y cannot afford 600k properties in Msia and what they do? They work their asses off and save save save until they hv the enuf amount of money, and what happens after few years ? Property already increased to 800, 1m ! smile.gif
*
No doubt it's a waiting game, but isn't the working population in Cyberjaya tied to the outsourcing/call centre industry?
I'd say the average salary is between 3-4k per month for the bulk of the Gen Y workers there. Can they really afford to buy/rent in Cyberjaya? How much is a room rental nowadays anyway? Cyberia used to be around RM 350-400 for a middle room. hmm.gif

A few days ago, someone posted about the booming outsourcing industry in the Phillipines and wouldn't that affect Cyberjaya as well?
max_cavalera
post Sep 30 2014, 10:46 AM

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QUOTE(neoexcaliber @ Sep 30 2014, 10:39 AM)
No doubt it's a waiting game, but isn't the working population in Cyberjaya tied to the outsourcing/call centre industry?
I'd say the average salary is between 3-4k per month for the bulk of the Gen Y workers there. Can they really afford to buy/rent in Cyberjaya? How much is a room rental nowadays anyway? Cyberia used to be around RM 350-400 for a middle room.  hmm.gif

A few days ago, someone posted about the booming outsourcing industry in the Phillipines and wouldn't that affect Cyberjaya as well?
*
Honestly it is very hard for locals to rent here... I have observe n notice most of them prefer to buy expensive cars n spent so much on petrol+toll+traffic jam+driving time to commute to a far far place than renting a place within 5-10 minutes to the workplace biggrin.gif. And this guy nit really low income most entry lvl exec in cyber gross income is usually more than 3k... Affording a room rental shuldnt be an issue.
Iam Power
post Sep 30 2014, 10:58 AM

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QUOTE(Fendi_Property @ Sep 30 2014, 08:55 AM)
Ya maybe because there are not many proper residences in Cyber yet. Rumor has it after 5 or 10 years, people will accept and start saying 'Oh,its ok for me to live in Cyberjaya', most probably when they start to witness all the 'bring to life' malls, retails, shoplots with good tenants, buzz,some nightlife etc.

But definitely take longer time for the numbers to mature and the momentum to pave its way.Same thing as those people who are very negative of Puchong when it was still a 'tanah merah' (red soil) land few years back, people are laughing hysterically to Puchong investors and habitants because they claimed why stay in a dead town? Ya as much as we hate Puchong, sentiment is high u know why, we cant deny that property there has boomed.Same goes to Semenyih

U cant compare lousy infra in a lot of places in KL Centre n Selangor to 'lets-get-it-right-at-the-first-time' infra in Cyber. After all Cyber is not Sekinchan, Kuala Selangor or Seremban which are far off compared to Cyber,where a lot, I mean really a lot of things to do n rectify.

It is definitely the future market, we cant predict the future but look at the indicators which is already there.

N as a smart investor,we dont enter when everything already matured,prices qlready skyrocket and old investors ady making money,we enter when its still a dead town with bright future, remove the stigma that Cyber wont have a future, and we enter when the numbers and ongoing trends foresee a turnaround, thats where yr ROI or ROC maximizes

Theres a funny article few days ago how Gen-Y cannot afford 600k properties in Msia and what they do? They work their asses off and save save save until they hv the enuf amount of money, and what happens after few years ? Property already increased to 800, 1m ! smile.gif
*
honestly to live in cyberjaya if you are working nearby is ok, to consider investment there for now is a NO NO imho
honestly i dnt see a future in cyberjaya as of now
it will of course progress and advance , but still it doesnt justify to invest there , particularly if you are taking a big chunk of loan with a major portion of salaries contributing there.



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