To the newcomers, judge for yourself. I speak with facts, figures, and photos. These Cyberjaya defenders can only rely on name calling and would avoid addressing the real concerns as a resident as well as an investor (or would be investor)
1. I already noticed the issues with Cyberjaya (and investment properties in general) way before I bought something nearby. Success of that city is not hinged on Cyberjaya failures. Cyberjaya has already failed in their attempt to be an IT city and property investment city. There are tons of other cities surrounding Cyberjaya but you wont hear me complaining about them because
a. As mentioned, i am not doing this just because i bought a nearby property. I never brought that up, you guys were the ones who were obsessed to find faults where there are none - if you want to complain about Serenia, feel free toncome over the thread. You are going way off-topic by doing that here. No comparisons were made to compare Serenia vs Cyberjaya coming from me, it was all from you
b. I
live in Cyberjaya, and i get to see the general and specific faults of the city. All i am doing is sharing my thoughts on this city
2. Missed the property boat? There are plenty of investment vehicles that are
giving better returns than properties, as well having other advantages such as liquidity, small-ticket sizes, etc . One of the problems with proeprties is that it has very low liquidity and can usually only be bought with a mortgage.
There are tons of people who got into the so-called boat that
have in turn "drowned" in debt. Please do yourself a favor and look at the amount of bankruptcies among these investors. A good number of them are in Cyberjaya - these auction properties are brand-new, never been tenanted before. This means that the owners most likely bought them for investments, and are unable to flip or rent out. Take a look at the empty condos in the early evenings in weekdays. Take a look at the vacant residential parking lots. Do understand that:
a. These properties have owners who are likely bleeding cash each month to serve the installments and maintenance fees
b. These properties are unsold developer units, which are being sold with discounts and rebates, making them much cheaper than subsale units available in the secondary market.
Properties bought a few years ago are being auctioned for less than 50% of their SPA prices. These people are not here to share their miseries, but you can look at the proclamation of sales and do the maths.
I suggest you all stick to the topic. I was ready to talk about the facilities in great detail and you guys come out with that Serenia talk lah, name-calling lah. Grow up and be a little more civilized please.
Have you considered your inabilities to listen or consider opposing views resulted to your being roped in to invest in properties that have now lost their values? You only wanted to hear the positive things, which are usually what the sales people would say. You refused to see the realities at the time of purchase and signed on the dotted lines.
Now the bubble is bursting (dropping prices) and you are angry at those who are just
stating the facts, sharing the figures, and posting the photosSuch a lengthy reply, not only this post but all the previous posts as well. I wonder if you’re jobless? So much free time. FYI, I don’t read your post anymore.