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

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.

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

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.

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

But the key question is can Cyberjaya absorb so many Studio / Small Condo Units that is being built at the same time.

Are they expecting ppl to buy for own stay, spend RM500k++ for 650 sq ft Studio. What sort of people are going to occupy these units, people who work nearby or people who work say in KL but forced to buy much further away.

Would someone working in KL really buy so far away?

For 900sq ft ++ condos, no issue, suitable for long term investment / own stay but these small suites are really suspect.

This post has been edited by cfa28: Sep 30 2014, 06:20 PM

I think for many young(er) investors, studios represent the only new property which they can buy without high cash upfront.

Just hope that they have holding power when VP is out and they cannot rent out. How long can they hold when full instalment is due, 6-mths to 1-year perhaps?

but today, studio / shoebox in Cyberjaya cost almost RM400K to RM500K

So 100% gain for the early birds, not too bad but to enter market now is caveat emptor

the SA for Pangea (don't know how to spell) said can, many MNC, Call Centre and MMU students and staff

Plenty of demand for Studio as many older apartments are quite run down, etc

actually almost any place nowadays for own stay is okay, even Rawang is being redeveloped and is a viable alternative for ppl who cannot afford else where, but I would not recommend Investing in a Property in Rawang, at least not now.

CBJ is good for own stay for ppl who like quiet life. Eco Glades looks very nice from the pics, not sure IRL.

Nobody is laughing at you bro.

In fact most will congratulate u and wish u all the best.

Same goes for anyone else who bought else where - your money; your choice

We are only exchanging views. More view = more informed buying = better risk awareness

every major property area should have mix of properties. cannot just be so called castle in the air. cyberjaya is big enough for Pr1ma and will certainly have medium cost properties eventually.