My neighbour order satay from food monger for her open house. Not bad! I love it

Only about 4% of adults in this country have over us$100k net worth.

I don't think its under Cyberjaya but its under district of Sepang.

49 mins to reach KLCC only during school holidays or weekends. I doubt anyone can reach KLCC within 49 mins on normal work days.

What was the actual net price for Domain when buying from developer? Google says it was launched from 150k?

Used to stay in cbj .....however found a job at ampang.
It is possible to reach klcc in 3 situation in 45m
1) you work shift and u start work slightly later in the morning
2) school holiday
3) public holiday

On average, It took me 1 hour to 1 hour 15 mins...coz I take mex and the jam is bad once u reach tun razak exit

In the evening...if you take mex exit at tun razak..also jam coz of the development works there. Worst if rain...sure got accident or jam.at Bukit jalil
I coulndt accept the commute hence now live in wangsa maju. Bought a condo there and takes me 30 mins to work by car.....well central kl so jam is inevitable

+1

Believe there are many still blinded by greed and refused to accept the reality.

Most cbj buyers are flippers.

Property is a investment asset among many; instead of property, one could invest similar sum in asb, stocks, bonds, etc.

epf, reits, etc don't invest in residential for reasons.

Property is illiquid, is not easily flip especially if supply > demand.

from planning, approval, launch to construction and vped take a few years for high rise, one could forecast supply a few years down the road, yet few realize the over supply.

Most people who bought units in Cyberjaya are investors, be it flippers or those looking to rent out the units. Homestay is no different to doing it as investment, you are renting the property for others to stay in exchange of money. Unless you mistook ownstay for homestay?

Unfortunately for most investors, they lost out because they failed to take into account of the surrounding developments in the area pushing down the prices - yet they bought these properties at full price.

In fact, I imagine you are better off buying properties in Batu Caves than Cyberjaya. At least there is a lot of traffic there. Traffic is good to keep the prices stable, traffic shows that there is a lot of gravity-pull to the area - Cyberjaya doesn't have that. This is why it is a problem when Cyberjaya looks like a ghost town. Sure, there are people here and there, but it is still very empty despite all the effort that has been put in place here.
1. It is not sensitive to talk about ASB and Tabung Haji. These are funds that are available for people who could/would have invested in properties including Cyberjaya. You do not need to compare apples to apples, because no one is forcing you to invest in all investment vehicles.

2. When investing you need to know your own risk profile and match it to your expected return. FD and ASB have very low risks, and historically they have been giving 3.5% and 7% return respectively.

3. Investing in Cyberjaya have very high risks (5 years ago people have already been warning you of the risks, including the over supply glut), such as:

a. the interest rate risk (you need to pay interests)
b. variable interest risk (changes in the interest rates)
c. capital loss risk
d. rental yield risk (low rental yield compared to the rates and installments if any)
e. rental gap risk (no tenancy for periods of time)

So much risk, and many people have realized these risks through losing their money. Like I said, they are better off just putting money in FD.

4. You mentioned inflation and 3.5%, but people who invested in Cyberjaya have been losing so much more than that in the form of capital depreciation (of their properties) and losses through mortgage payments; all without having any rental income. So for these people, they lost twice.

5. I have heard about high risk, high return. But it seems that investing in Cyberjaya to be that of high risk, low (negative) returns. Like I said, they are better off not doing anything with the money, let the money sit in the savings account and have inflation eats the value, and still would have ended better off than investing in properties in Cyberjaya

Mate, you mean own-stay. Homestay is a lodging for visitors, not unlike a hotel, but operated out of a home

I am glad that you are getting 7% returns, but when considering investments you need to also state the risk. You can expect 8% return from directly investing stocks, but it would mean nothing unless you also consider the risks of losing your investments. This is called a variance. FD has less variance than stocks. So when you said 7% return p.a. you need to also mention the type of investment

We can discuss ASB or other trust funds out there all we want, and I brought it up as a comparison as to their past performances compared to investments in properties in Cyberjaya, which is still in line with the topic. Given the substantial loss that Cyberjaya investors had to go through in the past few years, the would have done better had:

1. they done nothing
2. invested in trust funds like ASB and other equity-based UT funds
3. left the money in FD

I am not going to take any of this from someone who doesn't even know the difference between homestay and own-stay        You are so full of air mate

Just like you, the property I bought recently would be for my own-stay. If you are into investing at all, you should know by now that properties bought for own-stay should not be considered as an investment. This is due to the fact that most people are unlikely to downgrade the place of their abode

1. The costs associated with retaining the property is part of your life-style spending, as you can choose the location and type of your dwelling. Your living-preference will have a cost associated with it, regardless if the property was bought or rented

2. Do note that even if your current own-stay property has increased in value, the only ways you can realize this paper/unrealized-gain is to either:

a. refinance it (of which you would be creating a new liability, which doesn't change your net worth)
b. sell it off in the market

3. If you sell your own-stay property, you would still need a new one and as you are unlikely to downgrade. As such you would have to spend just as much, if not more for your new own-stay property; Your net worth would remain the same at best, or take a hit at worst. This is on top of the costs associated with the move including the disposal, legal fees, valuation fees, stamp duty fees, moving costs, etc.

4. My main topic of contention is the loss Cyberjaya investors who bought properties in the city for investment. If they had bought the properties for their own-stay they would not have felt the urgency of the situation - perhaps like you. However the realities are that the investors can't flip their properties due to the price crash ; nor are they able to rent them out due to the oversupply and low demand for rental units

In your attempt to question my knowledge on this matter you have exposed your own ignorance and given me the chance to shine. You are horrible at this; maybe if we had discussed this on forum.lowyat.net.CN you would have sounded less spastic
  
I am going to take a break from this if all you are going to post are cheap one-liner shots which don't make any sense. I should have stopped when I found that you are confusing homestay with own-stay. Perhaps you meant both? In that the house you are living in also functions as a homestay? Ala the bed and breakfast establishments popular in the midwest of the early 1800s. No wonder you sound so old and easily triggered. Perhaps... you are a boomer? 

>20 years old high rise is less desirable and lower value than newly completed.

Debts is only good if is current.

net worth= assets - liability, regardless of good debt or bad.

given overhang will take longer than most expected to reduce substantially, rental will remain suppressed for extended period. rental is only high in cities where demand > supply, which is unlikely in next few years. >10 years old units rental is cheaper than newly completed, how many new units will be available in next 10 years?

need to look far, just need to look at currently >10 years and >20 years old high rise.

Oh yeah, garden resi. Upscale area, although there are a few condos there. If I am not mistaken it was built by Mah Sing?

Chef Wan lives there, I doubt he would take the LRT hahaha

Interestingly, Garden Residence is actually under Cyberjaya (and MP Sepang) and not Putrajaya. I wonder how that got worked out