2013, we are only thinking to buy any affordable house at cyber because i’m working here. We dont want to pay rent, we feel like not worth to pay rent 800-1500 for other’s people house. We dont need any exit strategy, because we love cbj environment. After 5years our family grow, then we need to work really2 hard, then bought another house. Dont limit your self. By 2022 when new house ready, we might rent/airbnb current house. Dont really care. We just need to work harder. I have another highrise in cbj, not yet completed. Well, i dont have any plan for this, bought purely for my asset, can pass down to child later. Really dont care if dont have tenant for this. I bought because i can afford it. Not because i want to get rich. 

Its good people dont go to autoville. Less waiting time for  us when we service/carwash there. Carwash at oldtown always full.

I have 1 question, do u think in 30-50 years, our house will become toxic asset?

So hard to get court beside mcd. Always fully booked during weekend
Arena court is not bad.


This is sjkc union badminton court. Open to public last year

That is why I keep telling wild_card_my to start a new thread instead of lurking and ranting in this thread.

I like the theory which is her get dumped by her boyfriend 20years ago at 20 tower something in cbj.
Gosh couldn’t find that post anymore, must be in one of gazillions threads of cbj 

Classic of cbj lovers. wonder who are the troll?

There is no doubt cbj is a liveable city just like any other place. however, only cbj lovers condemned other places e.g cheras, okr, puchong, etc are not liveable.

Maybe she confuse with this thread with a kopitiam thread. Over there everywhere also not for human live 😁

As someone who studied in MMU Cyberjaya for 5 years and worked in Cyberjaya for 6 years after that, and currently sometimes from time to time I still go to Cyberjaya, I personally can say that buying for Cyberjaya is not a bad option. I've got a good friend who just bought an apartment and live there because of the MEX highway convenience and a relatively peaceful surrounding, among others. However for the price that you're paying, for me I'd rather find a place to live somewhere else unless you really like high-rise buildings to live in.

For investment I'd say it's a big no no, unless you've got a big holding power. I've got too many relatives and friends who bought apartments in Cyberjaya few years ago and now they aren't unable to sell them/rent them out.

What's more need to say of quality and character of cbj lover.

before you complain of others in this thread, you should look at yourself in the mirror first. cbj lovers only have themselves to blame on spoiling the party.

The fact that Cyberjaya buyers cant let go of their units at their net purchase price is not proof that the bubble is bursting?

People get bankrupt all the time there, because the asset is toxic and cant be liquidated.

What are Toxic Assets

Toxic assets are assets that become illiquid when the secondary market for buying and selling them disappears. Toxic assets cannot be sold because they are widely perceived as being a guaranteed way to lose money. The term toxic asset was coined in the financial crisis of 2008 to describe the drying up of the market for mortgage-backed securities, collateralized debt obligations and credit default swaps. These assets became difficult to move, resulting in large collections of these deeply troubled assets sitting on the books of various financial institutions. As the decline in value continued, these assets threatened the solvency of the banks and institutions that were unable to unload them.

I didn't invent the term. The term "toxic assets" was coined in the 2008 financial crisis that was partly caused by property bubble and subprime landing. In a way, it is very relatable to Cyberjaya.

1. Illiquid in the secondary market - Cyberjaya properties have lost in value that it is difficult to dispose them without a huge discount compared to the original net purchase price
2. Guaranteed way to lose money - in the sense where its value would continue to drop and the rental yield is so low that it would not be worth holding onto them, especially when bought with a mortgage
3. Threaten the solvency of the buyer - people holding onto these properties are bleeding each month as the rental is much lower than the installment, and those who bought with cash would be selling them at a loss. Also, bankruptcies.

I did not invent my own terms, you just need to spend more time reading.

Hey, you accused that I invented my own terms, I proved to you that I did not; and that you do not read enough

As per the definition, you guys holding onto toxic assets as per the definition. Can't let go your assets in the subsale because the market knows your asset is... well, losing in value. For example take Ceria Residence. Someone here mentioned that the developer is selling theirs for RM400k+. If you bought yours at RM550k, after 2 years of VP, with the depreciation and high loan outstanding, would you be able to liquidate the unit?

500 buyers of those condominiums say cannot. Because after 2 years, there is only 1 recorded subsale transaction. Refer to my post above.

As per your points:

1. too late, the price control came in a little too late, you guys got roped in already and bought these properties
2. RGPT also too late, it is to cool down the hot market, you guys came in hot, now it is cold. You guys bought at the worst possible time
3. again, too late, 3-5 years ago there were people who are compressing to buy 7 properties all at once (refer to the post with Cristal Serin Residence default). Is that strict control?
4. Hahahaha ok bro. Good luck with trying to bleed through these 20 years. Wait, you said 2 years? 

Wow.. That's good for u.

I just don't get why must one bleed to buy here and stay...keep saying toxic this and that. Buying other places also need to pay and most likely on loan... So those consider bleed or not? Or buy else where u get paid to stay in? Lol

tak habis2 nak cerita pasal bandar lain. You are obsessed with me, should I call the police? 

I can talk about Cyberjaya because I live here. As a resident for 2 years and another 2 years, I am seeing all the empty condos. I consider it my social contribution to help people realize what Cyberjaya really is.

1. it is an OK place to live, and it highly depends on the race of the person talking too. As it is, there are very few Malay restaurants in Cyberjaya compared to Shah Alam. Bukit Jelutong is a much better place to live than Cyberjaya too, in my honest opinion

2. I am trying to channel them but it doesn't work if everyone is thinking that I have malice to this place. I live here and I want to make it better. I called out the horrible park near Dpulze and in return I drew flak.

All I am doing is provide reports on the ground as I see. it.
Mate, if I were really wanted to promote, I should be telling everyone to "just buy! it would appreciate in value!". Alas, I don't, because I have ethics and am a professional. I would not knowingly lie to my clients to buy properties just so that I would be able to engage them in mortgages.

Sorry bro, weak argument. You have just displayed an attempt to utilize ad hominem falacy on me. Just because I am a mortgage broker, you find it fit to claim that I am dishonest.

Try again and please be civil.

Ah, thanks for the reminder.  Check out that area near Putrajaya lakes, the bushes are left unkempt. Domain area is filled with trash on the road (we discussed this area just a few days ago if not just yesterday), with horrible parking policy where people double park to no end - i thought cyberjay was planned well, how come they didn't plan for the residents/employees in Menara EMKAY need for parking spots?
ok personal attacks incoming. You can't argue my points away so you resort to personal attacks. We all know your style already.

It doesn't matter what qualifications you hold when you do not apply what you have learned. You missed out on simple definitions and accused me of inventing my own terms, so all that money and time spent on getting those degrees are wasted.

You also didn't have the initiative to google, a single google search would have explained to you those terms you accused me inventing of. You are so desperate to defend your portfolio that you strained yourself.