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Investment CYBERJAYA - Next Phase of Growth, Rebooting CYBERJAYA

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puchongite
post Jul 6 2013, 08:02 AM

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QUOTE(greenstuff @ Jul 5 2013, 10:27 PM)
I would suggest those who are not familiar with Cyberjaya to go there and observe first. Previous residential properties like Cyberia, Crescent and Domain is past. No developer ever allowed to develop Cyberjaya five years ago, do u know that? Look at who is the developer for those old condos.

Most people would love Cyberjaya if you happen to stay there starting year 2015, I m bored of hearing people say:Cyberjaya said to be boom 15years ago but still a ghost town. Please do your homework. Look at when Cyberjaya properties really shines. The township is so organized where u dont find it at ther cities, and it's highly accessible & very convenient. Sibehfar-jaya? Give it five years, let the undercon projects complete and we shall make conclusion later.
Cheers!
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Even though you are so pro cyberjaya, but your post clearly indicated that cyberjaya is not "there" yet ***NOW***.

5 years later we will continue to find reasons why it is not there yet.


puchongite
post Jul 6 2013, 10:05 AM

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QUOTE(greenstuff @ Jul 6 2013, 09:56 AM)
Five years later we shall discuss why people don't buy Cyberjaya.

Anyway you are right, Cyberjaya is not there YET. Because if it does, I don't even have chance to buy.
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I am not able to see what's happening in Cyberjaya 5 year down the road.

But yes, the current development in there is very fierce. So many launches. If 5 years now the road all of them which are VP-ed are all taken up for own stay or rent out, I think Cyberjaya can say it has made it.

But we don't forget there is also a possibility that it might have oversupply. People are telling me some of those condos are having low occupancy rate, even at this moment. But I am too remote to know if that is true.


puchongite
post Jul 6 2013, 06:52 PM

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QUOTE(greenstuff @ Jul 6 2013, 10:44 AM)
Yes bro, me too worrying low occupancy rate. But when I do my research around, all Cyberia owners were happy because their units never vacant for more than a week, maybe the guy he told you see different thing? The master developer SA shows me the population statistics : daytime population 53k and existing residential is 4.5k, in 2016 is 22k. Maybe I m a mathematics person, I think it has not oversupply at the moment, even in year 2016 when most highrise is complete.

Haiz, I have underestimated Puchong and MK as I didn't even see daytime population at that time. But what in Cyberjaya now is different, there are more than 500 MNCs company and for eg Shell alone has 3,000 employees working there. Many stay out of Cyberjaya because there's no decent place to stay but slowly u can see now people move in to stay at Summer Glades, Garden Residence and Serin(next year) and etc. They can afford to pay the price, and I think the price is still reasonable. Every VP takes time to occupy most of the units, just tht Cyberjaya needs extra attention esp Pangea/SkyPark VP. The density of those projects are scary :S
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Haha it's interesting that you use the day population in cyberjaya as indication of demand. This is where I have different views.

For me the day population is not indicative of the demand. As long as there is a big difference between the day population and the night population, ie there is something which is missing in cyberjaya which causes the day-night population leakage. As long as this is not fixed, then no matter how big the day population is, it is not going to have much bearing with the staying demand.


puchongite
post Jul 12 2013, 02:02 PM

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Garden Residence low occupancy rate and developer still has units to sell.

Anyone care to enlighten me how is it able to relate this to cyberjaya as a property hotspot NOW ?
puchongite
post Aug 1 2013, 07:33 AM

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QUOTE(661188 @ Aug 1 2013, 03:29 AM)
So easy rent out why no one discuss cyber subsales in LYN.
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Even though I know very little about cyber, but I tend to believe that yes, it's true it's quite easy to rent out cyberia units because cyberia is a prop targeted at students.

My generization of cyberjaya is :-

1. Student rental places, high occupancy rate.
2. Non-student rental places, low occupancy rate.

Most of the properties are held by investors. Few of these investors indeed are determined to stay there (yet). If asked, they say option is open. But the actual answer is NO, not for own stay at this moment.

Will it change in 3-5 years time ? Nobody knows.
puchongite
post Aug 16 2013, 02:39 PM

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QUOTE(slickz @ Aug 16 2013, 02:32 PM)
This poll is 2 months old. The people who voted yes in june, may have changed their opinion.

Time for a re-poll?
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LOL。 Die die must win ke ?
puchongite
post Nov 8 2013, 05:27 PM

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QUOTE(MiLKTea @ Nov 8 2013, 05:26 PM)
nego issue?
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What is a nego issue ? Very deep. rclxub.gif
puchongite
post Nov 8 2013, 09:16 PM

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QUOTE(UFO-ET @ Nov 8 2013, 08:39 PM)
Ya I stay in Kinrara Residence, it is going quite slow and price has dropped 5% since VP.
Occupancy rate just reached 40% (after one year).
A lot of investors in KR too, the total number is huge 447 units, bout 91 units still pending for sale. Bubble is bursting, most of the places are affected, just different magnitude only.
I think summer glades occupancy rate is <25%.
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Hey thanks for the number oriented post. Since you are closer to KR, I believe your figures on KR should be very accurate.

How good is your figure on summer glades occupancy rate < 25 % ?

Just a page back someone said it's > 50%.

rclxub.gif
puchongite
post Nov 9 2013, 07:29 AM

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QUOTE(LSIm @ Nov 8 2013, 06:21 PM)
My brother has a unit in Summerglades currently rented it out @ R3,600/ (unfurnished). Understand occupancy rate >50% less than 1 year after VP.  To me is good for a new and untested area....

A friend of mine put up her unit at Kinrara Residence for sales coming to 1 year no taker for matured area like Kinrara  what is your comment?
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QUOTE(UFO-ET @ Nov 8 2013, 08:39 PM)
Ya I stay in Kinrara Residence, it is going quite slow and price has dropped 5% since VP.
Occupancy rate just reached 40% (after one year).
A lot of investors in KR too, the total number is huge 447 units, bout 91 units still pending for sale. Bubble is bursting, most of the places are affected, just different magnitude only.
I think summer glades occupancy rate is <25%.
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QUOTE(UFO-ET @ Nov 9 2013, 12:51 AM)
The owner told me that no many are staying, I followed him and really felt <25% (guessing)
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QUOTE(blowwater101 @ Nov 9 2013, 01:51 AM)
my observation.... <25% make sense....50% cannot be...
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From <25% becomes >50%, the vested interest and objective is too obvious. Now I would even doubt the truthfulness of the rental income figure of 3,600 or it is just taking an isolated case and treat it as general.

This post has been edited by puchongite: Nov 9 2013, 07:30 AM
puchongite
post Nov 13 2013, 09:20 AM

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QUOTE(UFO-ET @ Nov 13 2013, 09:10 AM)
A feedback survey fr those students who stay in Cybetjaya is vital, IMHO, this is the largest group of people who hv few yrs experience living in Cyberjaya, hence they could also be the most potential tenant or buyer for Cybetjaya property.
If more than 30% will continue staying after graduating, then it is a good sign for investing
If more than 80% answer no, then I would advise investor to stay away
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They will say if they get a job here they will consider staying. If they get a job somewhere else, they will likely move. Younger people are more mobile. Their emotional attachment to a place is much less.
puchongite
post Nov 13 2013, 09:50 AM

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QUOTE(UFO-ET @ Nov 13 2013, 09:30 AM)
Hard to say, if you check Setia Walk, you will know how many are actually working in CJ or Airport
Anyway having a simple survey is better than no survey. For me I want to find 2 answers fr tis survey :-
1. If I work elsewhere other than Cyberjaya, I still want to stay here
2. If I work in Cyberjaya, I wouldn't want to stay here also
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The cyber believers will say no point doing the survey now. The trend will be changed once the new commercial centres are ready. It will only take maximum 3 years for this to happen.

This post has been edited by puchongite: Nov 13 2013, 09:50 AM
puchongite
post Nov 13 2013, 10:13 AM

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QUOTE(katijar @ Nov 13 2013, 10:09 AM)
1-2 years ago, ppl say cj is the next goldmine ... u all got the gold oledi or not?
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So far there is no casualties yet. CJ investors are either making money or holding on to it ( and making paper gain ).

But the thing is the same goes to other areas too. Goldmine is not only limited to CJ.

Plenty of gold mines in the past. Almost everywhere !
puchongite
post Nov 14 2013, 09:44 AM

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QUOTE(xyyap @ Nov 14 2013, 09:37 AM)

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So the reason for him got banned is due to him bumping the threads for no particular reason and no new information added.

This is consistent with my observation.

Please note that it's not only him ( in the cyberjaya believer group ) who does it. I notice that at least one or more people are doing it.

If one wants to bump a thread regularly, he could do it in the classified section ! Not in this discussion section.
puchongite
post Nov 14 2013, 09:50 AM

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To add to it, I also noticed some people post the same content in a few threads. That's called spamming. It does not matter how relevant is your information !
puchongite
post Nov 18 2013, 09:04 AM

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QUOTE(shinebr8 @ Nov 17 2013, 11:20 PM)
I thot ur warned not to hijack thread?
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QUOTE(xyyap @ Nov 18 2013, 08:47 AM)
Not to BUMP!
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Or pay money to get pinned ! LOL.
puchongite
post Nov 18 2013, 11:52 AM

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QUOTE(hasec @ Nov 18 2013, 11:21 AM)
It's such a waste to see the forum thread - "why do you buy cyberjaya" is removed here. I remember it covers all the contents and it was over 300 over pages...

can we restore back that thread? so that we don't need to repeat all these convincing and explanation here again...

who is that a**hole who removed this?
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The Admin, do you still want to call him a***hole ? Kakaka ...
puchongite
post Nov 18 2013, 12:52 PM

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QUOTE(MiLKTea @ Nov 18 2013, 12:18 PM)
weird...does admin has skepticism towards cbj? why wanna ban the thread?
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Nothing to do with admin's opinion on cbj.

It's to do you cbj supporters not sticking to forum rules.
puchongite
post Nov 27 2013, 09:54 AM

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QUOTE(blowwater101 @ Nov 27 2013, 09:48 AM)
Thanks to Soros bro again, for his patience to explain this again.  notworthy.gif

and Xyyap bro for your persistent.

Thanks admin for the smiley face.  thumbup.gif

we discuss rationally here, welcome any negative comments and any complaint, i wish to know more thumbup.gif
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Sounds like oscar awards acceptance speeches.
puchongite
post Dec 4 2013, 04:14 PM

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QUOTE(eddychstu @ Dec 4 2013, 03:52 PM)
b). So many job opp with MNCs in place.

My argument here is exactly to this point, many MNC I knew which they are doing good 5 yrs ago are slowly closing or de-functioning the main operation in CBJ. What's remain is call centre & support centre which is not a significant role from a business perspective.

5 years ago, people say 'I am working in CBJ' with a proud tone, now people ask 'what? you're still working in CBJ?'
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QUOTE(eddychstu @ Dec 4 2013, 04:10 PM)
Shell outsourced their IT massively few years ago, what's remain in CBJ is unknown. HP is hiring and losing staff at the same time, i wouldn't call it expanding. But let's not generalized based on my single comment, i'm sure more intel from CBJ can contribute to the updated working opportunity there.
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Since you are mentioning what remains in cbj are call centre & support centre, certainly you have 1 or 2 examples.

Do mind enlightening us with those examples ?
puchongite
post Dec 4 2013, 04:26 PM

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QUOTE(eddychstu @ Dec 4 2013, 04:19 PM)
Since you mention google, here's an example of vacancies from our beloved job portal. One can simply tell from the ratio of call centre and support related role in CBJ.

http://job-search.jobstreet.com.my/malaysi...=&area=1&src=12
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The banks seldom do their own development work, since day one. If you ask me, they don't fit to be given MSC status.

They are looking for call centre staff, maybe because of high turn over ?

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