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.
Cbj lovers are like proton car lovers many years ago. One proton md even claimed could match and even beat bmw quality. Market price reflect the demand of the place. If cbj is half as good as claimed, price should be higher than kv average.
For those who bought for own stay, value up or down has no practical impact. Only those bought for investment care about price and criticism.
If those bought cbj for peace and quiet should prefer fewer residents. Only those bought for investment hope value could rise with more facilities e.g mrt, etc.
Like cbj lovers said; if you sing praise, you must able to take criticism also.
Jun 5 2019, 02:03 PM
Time would prove lor
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