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Investment CYBERJAYA - Next Phase of Growth, Rebooting CYBERJAYA

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Iam Power
post Sep 30 2014, 11:00 AM

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QUOTE(max_cavalera @ Sep 30 2014, 10:46 AM)
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.
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true facts: people would rather stay in greater KL regions and travel to cyberjaya rather than to buy there and live there
PLUS people would rather travel there than to rent there...

cfa28
post Sep 30 2014, 11:03 AM

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QUOTE(Iam Power @ Sep 30 2014, 10:58 AM)
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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Wth the amount of Condos and Studios coming up, there could be a BIG glut come 2017 / 2018 leading to potential correction in 2020 when these investors / flipers can no longer afford to hold on to these properties

Then perhaps BBW will enter the market and sapu all these properties


Iam Power
post Sep 30 2014, 11:07 AM

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QUOTE(cfa28 @ Sep 30 2014, 11:03 AM)
Wth the amount of Condos and Studios coming up, there could be a BIG glut come 2017 / 2018 leading to potential correction in 2020 when these investors / flipers can no longer afford to hold on to these properties

Then perhaps BBW will enter the market and sapu all these properties
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well if you have the financial power thn u dnt need to worry la....bt if u dont particularly with the rising cost of living
those months without rentals can actually kills u lol
max_cavalera
post Sep 30 2014, 11:08 AM

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QUOTE(Iam Power @ Sep 30 2014, 12:00 PM)
true facts: people would rather stay in greater KL regions and travel to cyberjaya rather than to buy there and live there
PLUS people would rather travel there than to rent there...
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I can concur to that. I have a single room fully furnish condo in cyberia with air cond and im willing to rent out fixed with bill at rm380 and enquire in some thread in career talk comoany with big office in cyberjaya like ibm, hp, experian, hsbc...guess what? Non of the poster is interested lol. Actually many foreigner enquire me also mostly arabs n blacks and standard rate is rm450 but i dont prefer them. Even i give huge discount to local working execs also they arent keen.

Which begs the question i been asking all this years to new buyer buying ther expenaive soho but turn a deaf ear to me....which locals earning rm3k-8k in cyber willing to rent your soho/studio at rm1500-1800 per mth if they are not even interested to stay there even with the most basic room rental?

This post has been edited by max_cavalera: Sep 30 2014, 11:14 AM
Iam Power
post Sep 30 2014, 11:12 AM

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QUOTE(max_cavalera @ Sep 30 2014, 11:08 AM)
I can concur to that. I have a single room fully furnish condo in cyberia with air cond and im willing to rent out fixed with bill at rm380 and enquire in some thread in career talk comoany with big office in cyberjaya like ibm, hp, experian, hsbc...guess what? Non of the poster is interested lol. Actually many foreigner enquire me also mostly arabs n blacks and standard rate is rm450 but i dont prefer them. Even i give huge discount to local working execs also they arent keen.
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i have many friends that work in cyberjaya that are actually from greater parts of KL and when i asked them why dont you stay in Cyberjaya since u work there, rather than to travel.
u knw wht i got as an answer?

stupid ka, buy and stay there..i rather travel there...LOL

u can argue there will be people willing to rent there or buying a property there and staying there. but somehow the majority dont atm...

cfa28
post Sep 30 2014, 11:20 AM

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why ppl don't want to rent at Cyberjaya cos

1) Rental is not exactly cheap right, save for ppl like Max offering below Market @ RM380, if you're working, lets be honest, u are not going to want to share room like college students, so u wanna take at least a Room or Studio. What is the average, say between RM450 to RM500. This could be the same or less compared to Tol and Petrol

2) You are still going to need a Car to move around, plus what's the food scene @ Cyberjaya at night. Can u just go out for a Mamak or CKT / BKT. U will probably need to travel further for good food. Plus if u need a Car, u are not exactly saving cost by staying in Cyberjaya.

3) How about weekends when most of your friends are based in KV. If you're staying with Parents / another house in KL, then u can party late and have a place to crash again

4) How long are u going to be based at Cyberjaya. No point renting unless u forse at least 3-yrs or more.
twincharger07
post Sep 30 2014, 11:37 AM

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QUOTE(neoexcaliber @ Sep 30 2014, 08:22 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?
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Another Cyberian been here for 10 yrs.. yea, I share the same view.. I have been here since 2000 studied and work, but I live else where even now..
STEVENKK
post Sep 30 2014, 11:44 AM

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QUOTE(Iam Power @ Sep 30 2014, 11:12 AM)
i have many friends that work in cyberjaya that are actually from greater parts of KL and when i asked them why dont you stay in Cyberjaya since u work there, rather than to travel.
u knw wht i got as an answer?

stupid ka, buy and stay there..i rather travel there...LOL

u can argue there will be people willing to rent there or buying a property there and staying there. but somehow the majority dont atm...
*
Things can change. Look at Puchong today compare to 20 years ago. I still remember when I bought my house in Puchong back in 1993, my relatives and friends said are you crazy or stupid? Today, they said I am lucky to own a house in Puchong.
Soros007
post Sep 30 2014, 11:55 AM

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Exactly that's the same everywhere - Ppl always comment the place is not livable at the beginning.
But, think abt it again, will it still be that cheap once mature?
That's why i hantam only landed in Cyber - F/H!
Expect more room for capital appreciation.


QUOTE(STEVENKK @ Sep 30 2014, 11:44 AM)
Things can change.  Look at Puchong today compare to 20 years ago.  I still remember when I bought my house in Puchong back in 1993, my relatives and friends said are you crazy or stupid?  Today,  they said I am lucky to own a house in Puchong.
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cfa28
post Sep 30 2014, 12:21 PM

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QUOTE(STEVENKK @ Sep 30 2014, 11:44 AM)
Things can change.  Look at Puchong today compare to 20 years ago.  I still remember when I bought my house in Puchong back in 1993, my relatives and friends said are you crazy or stupid?  Today,  they said I am lucky to own a house in Puchong.
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there is a slight difference in this sense.

U say u bought in 1993 when Puchong was not fit for humans to stay.

In 2004 - ten years later, Puchong was already very much transformed. Pusat Bandar Puchong, IOI Mall and Bandar Puteri Puchong was starting to take shape.

In 2008 - 14-years later, It was already totally transformed and considered to be overpriced already

Now come to Cyberjaya - mooted by TDM in 1998 / 99 as part of his Master Plan for South

Now 14-years later, people are still having doubts over Cyberjaya

Still a dead township after dark

Hardly any places to eat / hangout

I could be wrong but in comparison to Puchong, after 14-years of development, its miles different

But some ppl prefer the quiet life


Iam Power
post Sep 30 2014, 12:43 PM

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QUOTE(STEVENKK @ Sep 30 2014, 11:44 AM)
Things can change.  Look at Puchong today compare to 20 years ago.  I still remember when I bought my house in Puchong back in 1993, my relatives and friends said are you crazy or stupid?  Today,  they said I am lucky to own a house in Puchong.
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im nt saying it has no potential at all. it has just that its going to take a long long long time.
KL is the centre of almost everything - Be it entertainment, jobs, finances, commercialism, so its a norm that most people (probably the younger ones) wanted to live within KL vicinity..
as people cant afford within KL, development spreads further out due to land limitation too.
TSnoblebaby
post Sep 30 2014, 01:11 PM

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Own stay Cyber is good. less crowd and less noise. Investment look for better cities like London, Melbourne, Singapore, etc.

QUOTE(Soros007 @ Sep 30 2014, 11:55 AM)
Exactly that's the same everywhere - Ppl always comment the place is not livable at the beginning.
But, think abt it again, will it still be that cheap once mature?
That's why i hantam only landed in Cyber - F/H!
Expect more room for capital appreciation.
*
natman
post Sep 30 2014, 02:09 PM

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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
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U super hard sell tamarind hahaha but why dont u buy all and wait since u so confident or maybe u can reveal how many units u whack in TS show us the SPA pls under your name than we can talk about how good cyber is
xyyap
post Sep 30 2014, 02:25 PM

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QUOTE(max_cavalera @ Sep 30 2014, 10:46 AM)
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.
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People with such closed mind, will never break through.

Cabinda
post Sep 30 2014, 02:29 PM

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Just ignore whatever ppl said, do your own homework and trust your own judgement... If you like this place I'm sure others may like it too...

Some ppl mindset are, if you like to eat abalone, you need to eat 10 pcs or all abalones at 1 go to show how likey you are to abalone... Hahaha... Amazing...
doomdoom
post Sep 30 2014, 02:30 PM

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QUOTE(cfa28 @ Sep 30 2014, 12:21 PM)
there is a slight difference in this sense.

U say u bought in 1993 when Puchong was not fit for humans to stay.

In 2004 - ten years later, Puchong was already very much transformed.  Pusat Bandar Puchong, IOI Mall and Bandar Puteri Puchong was starting to take shape.

In 2008 - 14-years later, It was already totally transformed and considered to be overpriced already

Now come to Cyberjaya - mooted by TDM in 1998 / 99 as part of his Master Plan for South

Now 14-years later, people are still having doubts over Cyberjaya

Still a dead township after dark

Hardly any places to eat / hangout

I could be wrong but in comparison to Puchong, after 14-years of development, its miles different

But some ppl prefer the quiet life
*
why puchong perform better than cyberjaya?

reason is simple, puchong start with affordable landed house, attract family come to stay, when got ppl, then commercial will come out, then start to ahve affrdoable condo, then attratc more ppl come in, then now all new laucnh are expesinve landed and condo...


cyberjaya, start with expensive condo and landed...for sure cannot attract too many home stayers come in...
cfa28
post Sep 30 2014, 02:37 PM

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QUOTE(doomdoom @ Sep 30 2014, 02:30 PM)
why puchong perform better than cyberjaya?

reason is simple, puchong start with affordable landed house, attract family come to stay, when got ppl, then commercial will come out, then start to ahve affrdoable condo, then attratc more ppl come in, then now all new laucnh are expesinve landed and condo...
cyberjaya, start with expensive condo and landed...for sure cannot attract too many home stayers come in...
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Hmm, if u put it that way, makes a lot of sense. Puchong started with B&B (Bread & Butter) Properties and then going to high end but Cyberjaya starting with high end.
doomdoom
post Sep 30 2014, 02:46 PM

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QUOTE(cfa28 @ Sep 30 2014, 02:37 PM)
Hmm, if u put it that way, makes a lot of sense.  Puchong started with B&B (Bread & Butter) Properties and then going to high end but Cyberjaya starting with high end.
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but cyberjaya buyers will say this is high end area...rich can afford and will become another mont kiara...
MiLKTea
post Sep 30 2014, 03:26 PM

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I rather Cyberjaya start with high-end and only those can afford stay there, rather than become the next 'kampung' in the city - dunwan mixed of high-end villas and low cost flats...
cfa28
post Sep 30 2014, 03:33 PM

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QUOTE(MiLKTea @ Sep 30 2014, 03:26 PM)
I rather Cyberjaya start with high-end and only those can afford stay there, rather than become the next 'kampung' in the city - dunwan mixed of high-end villas and low cost flats...
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but buyers have so many other choices when it comes to high end at the absence of anything happening after dark also hampers buyers, except those who want the quiet life



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