the problem with Domain is the apathetic attitude of the owners... they are unlikely to attend the AGM (unlike owner-residents) and in turn management does a bad job running the place - Domain just changed their management, and they tried to block those who didn't pay their dues from entering the parking spot, only to delay that indefinitely because people were protesting.

I am still staying in Cyber after leaving the Domain, and the new place's management is strict, which is good. But I can't say the same about other apartments in Cyber, like Serin residency for example, with some owners owing them in excess of RM50k


Figure 1. Movers using the passenger lifts in Domain 5, blocking other uses from using said lifts

Did you see the photo I shared above? This wont happen if the management is more strict about the in-and-out movement of the property. These inactions by the apathetic owners and management has created a security gap which is a concern for families - I can handle myself, but I am worried about my wife's safety. So professionals like us are leaving Domain in droves, leaving the Mainlanders and other types of non-professionals foreigners living there - Domain is turning more and more into a flat, a flat filled with multi-nationals blue-collar workers that is headed down into a spiral. As I mentioned,, when I rented it 2 years ago, the 500+ sq. ft. unit was advertised at RM1,200, now the most recent ad I saw is asking for only RM800 fully-furnished. I will post more picture about these ads soon.


Figure 2. The rental rate of RM1,000/m that I got 2 years ago. Now it is being advertised at just RM800/m for the same size and fully-furnished

I disagree about the "future looking good". Until the bubble has fully popped, and real tenants start flocking the place, it will continue to be a bad spot. Look at Centrus for example... Empty units of commercial, with very very low commercial occupancy...
 

Figure 3. Empty commercial units at Centrus. No foot traffic due to the low residential-tenancy

Yeap. Jom. I would be happy to make the city a better place. I will be spending years here after all. But all solution start with acceptance. We have to accept the flaws of the city and improve upon it. Problems that I face daily are:

a. traffic problems. Maybe have the MPS tow all the cars near Dpulze, blocking the small roads between the mall and the CBD
b. another traffic problem: the foreigners and locals alike beating the light. Maybe we can petition for cameras to be installed in these locations
c. badly maintained parks - especially the small park near Dpulze. MPS needs to be more deligent about maintaining these parks. What is the point that SH created these mini parks but MPS do not take care of them well?

Missing nurse found dead with slash wounds in Cyberjaya apartment 
I wonder what is the murder cases per capita of Cyberjaya. The place is a ghosttown, with empty units, but I keep on hearing about murders and homicide here.
I am talking about the small park near Dpulze. Is that the one you are referring too? If yes, I guess you have a very low standards of maintenance. Tomorrow I will go down there and take and publicize these pictures:

1. The pond is dirty and full of things that should not be there. Water is also murky, there is an old and abandoned sampan there which is an eyesore
2. the walkways are filled with sand
3. the electric boxes are opened, exposing high-voltage wires to the public
4. Long grasses across the park, especially between the pavement-bricks, parks seems not taken care of


the reason MPS couldn't afford to pay for the maintenance of the park is probably because of the ghosttown status of Cyberjaya. A lot of units are left empty with no tenants. The owners couldn't even afford to pay for the unit maintenance; would they be paying their cukai pintu? Unlikely.

You buyers are responsible to ask MPS for better maintenance, Cyberjaya is deteriorating because you guys are busy replying to me instead of doing the right thing. The town didn't grow organically, not many people grew up in Cyberjaya, compared to matured towns like Subang Jaya or Shah Alam. Plenty of you bought the units as an investment or to stay as you started working - this is the problem with Cyberjaya, the unit owners are apathetic to the city - ad it shows.

People are not criticizing Cyberjaya out of boredom. There won't be any smoke if there isnt any fire. All criticisms should not be put to rest unless addressed properly, and all of you guys, instead of addressing my criticism which are valid (as I have proven my points with photo evidences, more to come), are brushing them off, trying to undermine me as a Cyberjaya resident.

I know a lot of you are investors who do not stay here. I have more rights and accuracy; and I have no bias for nor against the city - I have no vested interest here, other than the fact that I am a resident-tenant. 
Really meh? I went there to meet my clients, and it seems like everyone is keeping to themselves. But it is great if what you said is true. Unfortunately, it is one of the few places that are gated and guarded - and a landed strata. if you are smart you would avoid landed strata. Imagine high-rise strata also people are not paying their dues, will landed strata do any better? 

The prices of the units there droped or plateaued for quite a bit hasn't it? I tried to finance a purchase there, developer is selling for 1.7M, which is the same price of the unit it tried to sell many years ago.

Ive lived in subang jaya, shah alam, and kota damansara. In those places, you won't find unabandoned sampans in their ponds. You want to do or build something something, do it right - maintain them well. If you cant maintain it then don't build one. There wasnt any need for a pond and a stupid sampan there, where the hell did they think the sampan was going? whose idea was this? and why isn't it maintained well? 

edit: my office is in Dpulze, Ill just drop by the park on my way to the Mosque for solat jumaat today and take more pictures of how horrible the park is. An abandoned park is a concern to me as a resident because at night you can catch mat rempits and their girlfriends dating there, doing god-knows-what. The more I talk the more issues I shed light to     

You can drop the whataboutism culture and focus on the problem at hand. It is a fallacy, you are not directly refuting or disproving my assertions. Do Cyberjaya residents want the city thrive or they want it to be "just a little better" than the worst cities in Malaysia? Criticisms of Cyberjaya is hers and hers alone.

From your posts I noticed that you always try to compare Cyberjaya's worsts attributes to other cities; then you would proceed to claim that the city "is not as bad" as the others. Well I do not live in those cities, I live in Cyberjaya. Of course I want the city to be better than it is now. If we work together we could band and rally to have MPS to take much better care of the amenities in Cyberjaya.

Alas all of you guys seem to be so much more interested in sweeping the problems under the carpet. It's like a mother who is defending her child who did something wrong "anak saya tak buat salah!". Maybe you guys deserve such a city, again for harboring such apathetic attitudes.

You can drop the whataboutism culture and focus on the problem at hand. It is a fallacy, you are not directly refuting or disproving my assertions. Do Cyberjaya residents want the city thrive or they want it to be "just a little better" than the worst cities in Malaysia? Criticisms of Cyberjaya is hers and hers alone.

From your posts I noticed that you always try to compare Cyberjaya's worsts attributes to other cities; then you would proceed to claim that the city "is not as bad" as the others. Well I do not live in those cities, I live in Cyberjaya. Of course I want the city to be better than it is now. If we work together we could band and rally to have MPS to take much better care of the amenities in Cyberjaya.

Alas all of you guys seem to be so much more interested in sweeping the problems under the carpet. It's like a mother who is defending her child who did something wrong "anak saya tak buat salah!". Maybe you guys deserve such a city, again for harboring such apathetic attitudes.

I am not saying that you would go bankrupt for buying Cyberjaya properties. But you can be sued for bankruptcy if you default payments of loans worth RM50k or more. A lot of units in Cyberjaya have dropped in value since their launching and/or VP that the auctions had to be done for a few rounds before the units are sold - each round 10% of the price would be slashed off the reserve price. For a number of units, they were auctioned at way below purchase price. You can check updates on auction units by AskarPerang, properties in Cyberjaya are being auctioned as "new units" - even their first owners have not stepped into them

As an illustration, a unit was bought by the first owner with RM450k loan. After VP, the unit was auctioned because the owners defaulted their payments. The unit was sold at RM300k through auction. The bank will get the first dips on this sale, but as it is the first owner still owe the bank for the amount of RM150k after deducting RM300k from the outstanding balance of RM450k. This person will be sued for bankruptcy by the bank unless he can magically come up with RM150k in cash. 

Properties as an investment is very dangerous. It is not liquid, you generally cannot buy them in cash so you have to use a loan, thus incurring costs, and the loan sizes are big. If you invest and lost money in the stock market, all you lose are your cash-investment or deposits (for share margins, where there is a margin call). But with properties? When you can't pay your installments because the rental income can't cover it, and you can't flip the house because it is being sold for below your loan outstanding balance... the bank will auction the unit and you will end up with debts you can't afford to pay.

People as young as 20s have been sued to bankruptcy due to buying properties - and this is happening a lot in Cyberjaya because:

1. Price crash. New VP units cannot be flipped even at a discount from net selling price
2. Rental crash. Units can't be rented out to cover the installments
 
You can see a lot of these units coming from Cyberjaya. This is because the properties here are overpriced. This is not KL. There is nothing here.

Good news!

1. If you bought the units for own-stay, you are likely safe
2. If you bought the units at bottom-barrel prices for own-stay, you are great to go

He  bought serinia.

Told you, I am not a property guru. I feel like you guys are making fun of yourselves 

Then why people like you still encourage and entice those innocent to buy poorperly?

Cyberjaya is a limited freehold land. Meaning still required to obtain local authority consent for any name transfer dealing.
Therefore, I foresee auction prices in few projects here to dip lower than before as developers starting to issue out strata title.
But yet the defaulter owner did not perform the necessary step to "perfect" this transfer. Logical thinking, paying monthly installment to the bank and maintenance fees also no money, needless to say this MOT stamp duty of course no money to settle as well.

Hence the term "double transfer" come into play.
*Strata Title of the property has been issued by the relevant authority and the Developer is not agreeable to a direct transfer to the successful bidder.

Taking for example Verdi (example only, as Verdi yet to issue strata title) condo biggest size unit (1453sqft). S&P price 900k. Lelong sold price 500k.
The new owner will have to pay up the MOT and legal costing base on this S&P price transferring the title from developer to the ex-owner name first. 
Then only paying another round of MOT and legal cost base on the winning price transferring the name once again to his/her name.

STAMP DUTY SCALE for MOT
Stamp duty Fee 1% : For First RM100,000
Stamp duty Fee 2% : Next 400,000 (RM101,000 – RM500,000)
Stamp duty Fee 3% : The following amount up to RM1 mil (RM500,001 – RM 1 million)

Just calculate for yourself the additional cash in hand one need to have to take over those auction units. Yet to include the penalty incur due to extension coz double transfer will not be able to settle within 90/120 days. Unless potential bidder did not do enough homework and unknowingly bought over such unit, then after winning only realise the consequences, that's a different story.

Its it true columbia have bought land in cbj? Would love to have private hosp in cbj. So far if we need admitted we go to columbia puchong, or az zahra bangi (once time coz columbia puchong full), or further away sjmc (love this hospital, have family mart and other f&b there)

I heard tamarind will start charging for parking fee soon.

any agent here? wanna letgo a highrise at cyber as i bought landed planning for own stay

the land in cyberjaya is not limited, and there is little scarcity. Remember, this is not KL with limited empty lands for development. I am just going to wrap this up:

Cyberjaya was touted to be a digital/tech-vally city, but it failed to live up to its name. About 5 years ago it transformed into a "property den", but most investors who bought properties at the time have lost money and gone bankrupt. In some areas it is like a ghosttown, thanks to uncontrolled-development where developers continue to build their units despite the low occupancy of neighboring condos. Plenty of recently VPs condos are being auctioned off. Sure, it will probably emerge from the ashes, but not before so many people have got burned.

Do we know how many investors they roped in before abandoning the project?

Country Heights isn't a small developer, but it is about time buyers understand that developers, no matter how big, would create a special investment vehicle when launching new projects (or even new phases) to protect the mothership from liabilities.

Another thread talking about the development: https://forum.lowyat.net/topic/2588674/all

ok but would it be likely that their abandoned projects see the light and resume? What will happen to their abandoned project in Cyberjaya? Demolished? Sold to another developer? continue the work...?

Unlikely for the same company to continue their work. The LAD alone would have bankrupted the special vehicle.

What about for own stay? Not for investment. Cyberjaya seems ok since its not too far and well connected by major highways and future MRT.

1) Flash floods hit Puchong as motorists caught in massive jam
Read more at https://www.thestar.com.my/news/nation/2018...e0k3tsO9lYbA.99

2) https://www.edgeprop.my/content/1507633/two...h-flooding-city

3) https://www.nst.com.my/news/2016/05/146755/...y-high-rainfall
this was the old one. And one flash flood occurred 2 months after PH won the election. I knew coz I passed by the area.

If you’re going to buy property for own-stay, it mean you’re not planning to move out in a considerable period of time. A lot of people are probably planning to stay forever in the same place. You’ll probably spend a lot on renovating the place and when you’ve spent so much on renovation, why then do you need an exit strategy unless you’re planning for short term stay? If you’re really planning for short term stay instead of long term stay, renting is probably a better option as you do not need to spend anything to renovate. For long term stay, why do people want to rent and be restricted by the owner when they can own the property and do whatever they want with the house they are staying. Even if they are changing jobs, Cyberjaya with easy access to two highways should not be much of a problem. There will be MRT coming to Cyberjaya in the future too.

You keep using Domain 5 as your basis of criticism but when people asked you about other properties as comparison, you always go back to criticising Cyberjaya without offering anything in contrast. When people say anything about Serenia, you become defensive and claimed you do not own property there. Your basis of criticism of Cyberjaya is purely based on the place you’re staying and your observation of empty units today. Yes, there are no doubt a lot of vacant properties in Cyberjaya today due to too many investors and developers building too many units. But for buyers today, you’ll probably get a lot of good deals as the price has dropped tremendously from the original price. Where else can you get 1,000 sqft and above condos in Klang Valley priced below 500K and in some cases even below 400K where the condos are mostly not more than 5 years old? In my opinion, there are bargains to consider at Cyberjaya now but I am sure you’ll come out with your toxic asset rantings again because your friend is stuck with Domain 5. To borrow from Kopitiam, your friend usually means yourself? Sorry, its just a joke!

You even criticise the park not well maintained as one of the reasons why Cyberjaya is terrible. According to Google, Cyberjaya Lake Gardens is rated 4.1 stars out of 5 stars while Taman Mini Cyberjaya is rated 4 stars out of 5 stars. Compared to other parks, are these two parks so badly maintained? I've been to the two parks. They are not as bad as you said. There are rooms for improvement but it is not as terrible as you are saying. Do you even know that there are lots of places in Klang Valley where you don’t even have a park while Cyberjaya has plenty of greeneries and open spaces.

Since you don’t make comparison about Cyberjaya with other areas, let me compare Cyberjaya with Jalan Klang Lama. I am using Jalan Klang Lama because I am staying there. Based on my observation, anyone who buys condos at Jalan Klang Lama will be burnt as well as there are lots of:-

a. empty/untenanted units that have already been vacant.
b. unsold developer units.
c. continued residential development by these mini-developers despite other developers unable to sell their own completed units (go to property section and read about Citizen 1 & 2).
d. inept management by MPPJ (look at the road conditions that are deteriorating).
e. haphazard development causing terrible jams every day.

I have added two more points:-

f. there are lots of slums at Jalan Klang Lama
g. crime rate is terrible in certain part of Jalan Klang Lama

See, I can also use your same justification to say Jalan Klang Lama is a terrible too because if you drive through Jalan Klang Lama at 8.00 pm, there are plenty of empty condos too. Heck, please compare Domain 5 with Scott Garden and see which one is more terrible. You can also say the same about some of the big Mah Sing projects like Icon City, Southville, etc. Don’t forget about Empire Damansara. If I want to list, there are so many other projects where there are all sorts of problems. I do agree Cyberjaya has some terrible properties too but does it mean the whole Cyberjaya is terrible? Generally, rental everywhere has fallen the past year or two. Even those holding properties at center of KL are facing rental problems because there are just too many properties priced out of reached most Malaysian today. The point I am trying to make is what is Cyberjaya is facing is also being faced by a lot of other properties in the whole of Malaysia. It will takes years for the market to correct itself and Cyberjaya will face the same correction too.

Is Cyberjaya really that far away from anything meaningful? Let’s compare Domain 5 with Serenia and your favourite Eco Majestic. To reach KLCC from Domain 5, it will take approximately 35 minutes while Serenia and Eco Majestic will take approximately 45 minutes. The distance from Domain 5 to KLCC is about 34 km while Serenia to KLCC is about 46 km while Eco Majestic about 37 km. You can check Google maps if you don’t believe based on non-working days. If I use your analogy, Serenia and Eco Majestic are even further away from anything meaningful? Cyberjaya was Tun M’s idea to build a silicon valley in Malaysia. It failed because of various reasons. However today, it is still playing host to a lot of IT centers in Malaysia. It might not achieved what it was originally intended but it is not a complete failure and neglected by the government. If it is totally neglected, why the heck are they building MRT to through Cyberjaya? MRT was even planned during Najib era and they did not even cut the stations for Cyberjaya. Also, why the heck are 5G being tested in Cyberjaya first? Don't forget, the internet in most of the places in Cyberjaya are better than a lot of other areas in Malaysia.

As for MBS, is their competency the worst compared to other Majlis Perbandaran? My point is on what basis of your claim MBS is incompetent? It is basically run like any other Majlis Perbandaran in Malayia today where no Majlis Perbandaran is very good or very bad.

Nobody says Cyberjaya is a ghost town. Only you and IcemanX seems to keep saying it is a ghost town. It might not be crowded like PJ or Subang but it is not totally devoid of people which is why it might be attractive for some people who prefer a quiet place. It might change in the future but if it does change to be as crowded as PJ and Subang in the future, it will probably mean the place has turned around. Properties will probably appreciate by then but people like you and IcemanX will just say wishful thinking of Cyberjaya investors. If it does not become crowded and remain the same, there’s no loss as anyone who buys Cyberjaya today for own stay probably prefer it remains the same anyway. Those investors/flippers who are burnt, why does people who call Cyberjaya home care?

Cyberjaya is not owned by a single developer like Eco Majestic or Serenia. It is similar to many other places in Klang Valley where dozens of developers build properties. It does not have a master development plan like Eco Majestic or Serenia. So you’re not comparing apples to apples. You’re comparing apples to oranges. That is why the price of properties at places like Eco Majestic are usually priced higher and in most cases beyond the reach of lot of people. If you can afford such places, good, but a lot of people who can’t afford such places can still buy properties at various places develop by different developers. Let’s compare Cyberjaya to Puchong. Is the way Cyberjaya being developed worse than Puchong. Jalan Puchong are not designed to handle so many vehicles but so many properties were built around Puchong the past decade. Originally, the developer at Puchong were only IOI and SP Setia. Today, there are so many developers building condos and houses along Jalan Puchong. There are condos in Puchong that has become terrible too but can I call whole of Puchong as toxic asset?

I understand that there are a lot of people got burnt in this thread because they invested heavily in Cyberjaya especially the flippers. That is why they are defensive when people like you and Icemanfx criticise Cyberjaya like it’s some sort of hell on earth. What I don’t understand is why people like you and Icemanfx who hate Cyberjaya so much spend so much time and effort criticising Cyberjaya in the first place. It is even more puzzling for you to criticise Cyberjaya like the worst place in Klang Valley but still prefer to work and stay there. If I were you and hated that place so much, I will just leave and not continue ranting about the place day in day out especially when I don’t have any property there. If you still decide to stay then I am sure there must be some good reasons and hence, Cyberjaya is not the hellhole like you say.

All I can say is anyone who are interested to buy property at Cyberjaya, do not listen to IcemanX and Wild_Card_My. I have read through a lot of their comments because I was thinking of buying a condo at Cyberjaya for own stay. Some of their views has valid facts but most of their views are biased. They don’t want to admit it but you make up your own mind by reading all their comments in this thread. Do not listen to the views of investors in Cyberjaya too as they have their own motives too. Do your own research. Go and visit the properties being sold there. Test out the distance to your workplace. Don’t just consider distance, you should also consider things like LRT, MRT, Highways, accessibility for other areas, etc. Consider cost and your affordability. Do not wear a hat that is too big for your head. Compare it with other areas and consider all the pros and cons carefully. Just make your own decision after that.

Lastly and most importantly, who the heck makes you and IcemanX the official spokesperson of everything bad about Cyberjaya? This thread is about “Why you buy Cyberjaya” and not “Everything bad about Cyberjaya”! Anyway, I am sure you or IcemanX are going to come out with another long list of reasons why people should not invest in Cyberjaya and everything bad at Cyberjaya.