Now that sounds like a cartel and should be illegal if proven. Price fixing and artificially limiting supply are something KPDNKK can look into. Is this what Cyberjaya has turned into? A den of illegal rental cartel? trying to control the prices against the forces of demand and supply? 

Who is this developer boss? Did he initiate the cartel? Are you involved as well?


Here's the market trend for your Serin. DOWNTURN, especially compared to the rest of Selangor.

5% p.a compounded for 17 years is about 229%. If bought at >$175k in 2001, at current value of $400k is not a sound investment by any standard after included loan interest incurred.

is the gamuda project @ The cove worth buying? I am interested with their own water theme park facility when approached by the agent.
wow... there is a General hospital next to Gem in mall... Then property surrounded by it will be good for appreciation?

Cove is leasehold

Same as I, as a resident I am giving my opinions about the city. But because you have vested interests in the city, my view is drawing flak. You are mistaking my honest review of the city as hatred because you stand to lose for each word that I write describing the on-the-ground situation of the city.

Tl;dr: It is not looking good for Cyberjaya buyers then and now. Many are facing paper loss and the worst is not over.

FYI Adiva 2 already sold out almost all of its 402 units with only 16 units left since launching in March. Amani and Adiva 1 are both completely sold out; these two phases were launched in the past 2 years. Serenia is a landed development that people buy to stay in. Real, employed people with offices in Putrajaya as well as Cyberjaya. It is not ridden with speculators like Cyberjaya.

Having said that, the topic at hand is Cyberjaya, as a resident I have the right to comment about this city. Let's bring Serenia discussion to its own thread or we would derail this one. You are welcome to criticize my decisions but whatever you say have not been realized as the city is only 2 years into its 30 year development, unlike Cyberjaya which has failed to live up to its name as a tech hub since its inception decades ago, and now failing as a property "hub" as it seems.

Property investment is really dangerous and investing in Cyberjaya is the worst decission for the time being (given the list prices, good for you if you have scored fire-sale or lelong units) due to some of these reasons that I have observed:

1. Too many untenanted units, depressing the rentsl prices

2. Too many investors, who have no heart in the city as most do not live here

3. Too many auction units, with reserve prices way below SPA prices, depressing sellability of subsale units

4. Developers resorting to property agents to sell all their unsold and completed units, proving that the units are unsellable and overpriced

5. Speculators have to compete against developer sales packages including discounts and rebates

6. Bigger companies are leaving and/or have left the city, bringing their jobs with them

7. Haphazard development that cause problems such as flashfloods

8. Resorting to cartel practices to control the rental prices - but failing as the rental prices are falling

It is a downward spiral for the city. Unfortunately for most investors, the problems are out of their control. They cannot fight against the market forces. They cannot (or fail to) protest against developments by the developers. They cannot stop companies from leaving the city for good.

I think i have said enough. All i seem to have achieved is drawing flak from you guys. I am done here. But i will return if you guys want to continue

That's why only consider auction if price is substantial cheaper. Also mean auction price in cbj is relatively lower than other places.
Classic of cbj lovers; cbj is the bestest. Wonder why subsale and auction price in cbj is so low in cbj.
Typical behaviour of inferiority complex.
Similarly, many bought cbj and not moving in, leave it vacant and decay.

Wow, very intense discussion here. Anyway, here is my point why we bought house in cyber:

1) i work in cyber, so only 5mins drive. No traffic jem, save time
2) school, hospital(soon), dpulze, cinema, drive thru mcd, sbux, all kind of fast food. Choices of private preschool.
3) there are public playground that i can bring my children every evening (taman tasik cyberjaya, playground beside dpulze, or indoor molly playground in dpulze) or sometime we go to pjaya...15min only.
4) property in cbj are freehold
5) easy access to KL using MEX highway (klcc or ikea cheras only matter to me) ELITE highway (easy for us to balik kg, melaka or perak), not far away for puchong, or shah alam, bangi and kajang.
6) 24hr of pasar borong selangor at seri kembangan where i get cheap groceries
7) 5 entrance to cbj, so not so congested

Basically, i have a quality life when we live here (mainly because i work in cyber) dont have to get up early everyday. Ive picked all kids before 6pm and we can have quality time together.

After few days i spend time in SEG threads, i think we want to retired there. Need to save up, and bought those lelong unit of kamares. Hehehehe.

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.

ROT popular because the price is right for landed.

ask previous SEG owners if they are happy with their "future price" landed now bleeding too, with SEG launching lower price ROT further killing value basically the price for previous project has not appreciated (if not already depreciated)

Btw i can assure you nothing bad happened to me. But i am in the mortgage line, and it irks me to see people recommending properties as if they are the "golden egg" only to end up holding toxic assets, unable to dispose of it and unable to settle the mortgage account

Not to mention incomplete properties, etc.

You guys singing praises of Cyberjaya need to be more responsible about your recommendations. I am sure, although i cannot prove, that there have been people who got burned buying units here by reading through recommendations to buy posted in this thread

Mate, you are not criticizing, you are telling me to stop posting which is also known as a censorship, akin to bullying someone to submission so they stop discussing things that the tyrants do not like. So now Cyberjaya investors/with-vested-interests are resorting to cyber bullying and censorship to protect the city? You can't dictate what people want to read or write. Who do you think you are? Commodus?

Like you said, if you can't take criticisms, "do not be online and post anything". No one is forcing you to read my comments. If you want to circlejerk your love for the city, why discuss it in an open forum? Go and create a facebook fan page and/or a whatsap group and do not invite me there. However, as long as I stay on the topic of Cyberjaya, I have the right to be here.

Please understand that I am a stakeholder of Cyberjaya, just like any of you - investors, people with businesses here, future owners, developers, town council, etc. As a resident, why is it that my voice has to be suppressed? Why are you to manipulate the narrative involving Cyberjaya? Are you a speculator?

Finally, please do not judge people based on where they live. Do you think people living in the slums love it there? Do you go and tell them "Why do you hate the slums? You live there!". Likewise, do not judge my situations of having to live in Cyberjaya and forcing me to like it here.
Wait, are you talking about Serin Residency or Crystal Serin? In any case, bad choices. Given how there are so many maintenance defaults... 

I posted the management-fee defaults for the Crystal Serin Residence in the post you quoted - didn't say anything about Serin Residency. Albeit I put it in spoiler tags, but this time around, for visibility, I'll leave it open for all to see since you guys are so pampered     






Yeap, only 1 transaction for as long as the website has recorded this ( i set the timeline to "all transactions"). VP 2 years ago and only 1 transaction? Launch price RM550k as per propsocial, and now developer lelong at 400k? So now the owners can't liquidate their assets because most of them would have loans outstanding with the banks north of RM400k.

If you don't know that not all FP have to practice, you are the last person to talk about it. There are 13000 RPF holders, but only 800 or so are practicing. Talking to you is like playing chess with a pigeon. One can play like grandmaster, but all you are going to do is to knock all the pieces and poop on the board.

Also I can hear the accent from your posts  You don't have to write with your slang. And yes, I know the differences between slang and accent. Your slang reeks of your accents.
Do all Cyberjaya buyers have comprehension problems? Am I seeing a connection? Are you guys just looking at the things that you want to look at and ignoring everything else? Is that why you guys buy properties in the city, especially the condominiums despite all the signs and writings in the wall? You guys can probably read but you don't understand what you are reading. Or perhaps you are blinded by greed?

Read my initial post and feel free to be ashamed of your lack of comprehension abilities. Here's a hint: I was asking which Serin kekhitam was talking about. 



The defaulter list has already been circulated throughout the net. I am not the first one to post it. In any case, why hide your dirty laundry?

I cannot provide any proof about this, but I met someone who claimed to be in the know about Cyberjaya development. That area was meant/planned to be an MRT station so they made it wide. Tram was invented so it can run on normal roads, so it doesn't make sense for it to be that wide anyway.

Town planning can evolve, especially when there are external parties involved (MRT development), so eventhough Cyberjaya so graciously reserved a spot for the station, MRT decided only to graze through Cyberjaya outskirts - Lim Kok Wing area is so far away from both the commercial side (CCUMS, MDEC, FedEx, Dell offices) as well as the residential side (Mutiara Ville)

Cyberjaya should have lobbied for the station to be built where it was planned to, alas that failed to happen.

Who wants to go to Lim Kok Wing, then take a grab just to reach your destination in Cyberjaya? Lim Kok Wing area only has... the university itself. It has not much else.

The same lrt that is now connected to the other LRT in Putraheights?

There is an LRT station in Puchong, so that line skipped Cyberjaya?

It's not lrt. The one in putrajaya supposed to be monorail. Then there is suggestion to extend to it to cyberjaya and kajang.

wei apa test2 ni? this is not a sandbox forum for you to test your bots ok?     

Wait, that is what it is. Cyberjaya is just a test city, all the techs are prototyped there but the real products never go full blown. Grab food only has "Dominos" for my condos in Cyberjaya, while in KL or even PJ there are so many choices. No one cares about making Cyberjaya a better place 

That was just a joke, you guys are really sensitive. I guess that's what we get from a group of people who have been proven wrong over and over again.

I've live here for 2 years, I am not making any assumptions. Quite a number of projects that were planned for Cyberjaya get cancelled because the city failed to live to its expectations despite all the federal dollars wasted on it. Please stop with these tongkat culture and under performing. It has been a few decades since the city's inception, and it is nothing better than other cities (worse at other time).

And yet all of you guys can do is go back to "Serenia". I feel really sorry for you guys. I hope more and more people would realize what Cyberjaya really is on the ground. They won't get that news from you guys nor the media.

loan default rate is still on up trend mean more foreclosure coming.

there is no doubt gkv population is growing but at slower growth rate.

cyberjaya may not a federal territory but it was ft minister playground in previous gomen.

hospital like school and college, buildings and facilities could be built but what would be utilization rate?

when cbj were first established >20 years ago, how many global it bosses were cbj advisers? what facilities these global it companies have in cbj and compare with other countries?

why cbj lost out to other countries even late comer like vietnam? what hard learning has cbj or gomen has learned in last 20 years?