You have to look at the per
capita figures, not the nominal counts. Admittedly, I have no data on this other than anecdotal evidences, but it appears the percentage of foreigners over the total population is much higher in Cyberjaya than in other cities. I can also vouch that these foreigners know about Cyberjaya as a crime den even back in their original countries. They
would talk about Cyberjaya as to how we talk about "London, Paris, New York". Places that they aspire to be.
I suggest you do not get personal about my decisions here. I was not the one who forced people to make the mistakes of
buying overpriced developer units in Cyberjaya. I have a number of clients who bought in Cyberjaya, but they tended to pay for auction units (great deals) and units in matured areas with stabilized prices such as Pinggiran Cyberjaya. As it is, it is very difficult for Cyberjaya investors to exit the market due to these paper losses, and the longer they hold the unit, the longer they bleed through low or lack of rentals. I would know, I rent here.
For now, I noticed the most ardent defenders of Cyberjaya seem to be the ones who overpaid for their condos and are looking at their paper losses on a daily basis, with news about auctions that are further dragging the prices down. I am not bad mouthing Cyberjaya for fun, it is just that
I live here and I can see it happening, I report what I observe, added with some of my thoughts on the issues. I have been told that people appreciate my insights, because
those with vested interest in Cyberjaya cannot be trusted to give critical information or unbiased opinions about the city they have invested in.
A good number of millennials have been declared bankrupt for buying units in Cyberjaya and in turn being foreclosed by the bank. This is because
they believed the stories peddled by people with vested interests (agents, developers, fellow investors) about investing in the city, and as a whole, in properties. Cyberjaya should serve as a warning to those who are planning to buy properties for investment purposes.
I am a mortgage broker by trade, and by right I should be encouraging people to buy as many properties as they can, so I can help them with loan applications. But I have no interests in that. Unless you are buying auction units at barrel-bottom prices, a fire-sale units with owners who want to let got their units to avoid foreclosure, or units in stabilized areas like Pinggiran Cyberjaya, I would tell you to forget it. Property investments are dangerous especially for a newbie. A single wrong decision (such as buying overpriced developer units in Cyberjaya)
can doom you to bankruptcy.
Once my unit in Serenia is completed, you are open to criticize the city and I look forward to defending it. I welcome you to do so as long as you stick with facts, figures, or evidence-backed observations (pictures, self-counts, etc) - or not, as I will destroy your arguments.
This is an open forum after all, a number of my posts here have been reported but the admins and mods have not taken any actions against me; and it is very appalling though to see people with vested interests in Cyberjaya trying to shut my mouth. It is akin to a farmer who tries to put a lipstick on a pig, but
got angry with me because I called out the pig.
For the uninitiated, I am not calling Cyberjaya a pig:
To put "lipstick on a pig" is a rhetorical expression, used to convey the message that making superficial or cosmetic changes is a futile attempt to disguise the true nature of a product or person. (Wikipedia link) I dont know which unit Charm of Nusantara is.. but I assume it is a terraced house? Which road is it on?
1. As for the transacted prices, there is no way to know if the prices were "marked up".
2. Latest transaction is only 1.150M, which is not much higher than the 1.1M launching price. When was it launched?
