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 Why U Buy Cyberjaya? v7

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wsoon82
post Jun 19 2019, 06:20 PM

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QUOTE(TheRant @ Jun 19 2019, 06:16 PM)
It was never my intention to compare the transport cost in the first place. Incredible. I doubt many ppl knows he actually travels from cyberjays daily.
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I believe everybody have eye to see how "good" you are.
wsoon82
post Jun 19 2019, 06:49 PM

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QUOTE(rads78 @ Jun 19 2019, 06:23 PM)
Guys, whatever you guys are bickering about here are just about personal preferences. We are all coming from difference background, have different financial commitment and different priority in life. To label someone negatively just because he shares different opinion than you does not portray any maturity. RM 400 values differently between people. Some might found it absurd to spend that much monthly for commuting while others think its worth it in exchange of the environment which he is getting. So, stop labeling, generalizing and lets discuss in a more appropriate manner. 
If you do gained experiences and learnt something from it that is worth to share in this thread, please do share it but to shove it unto someone's throat for not accepting your opinion is immature from my opinion.

Anyway, this is again, just my opinion. Its up to you to take it or not but I definitely not shoving it on your throat smile.gif
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Agree and that's why I said it suits me and reasons behind,and it may not suit everyone...
wsoon82
post Jun 19 2019, 06:54 PM

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The ERL trains are full (but not crowded) every 15 minutes during peak hours, there are many people using that to travel to kl.

It is not a ghost train system.

This post has been edited by wsoon82: Jun 19 2019, 07:11 PM
wsoon82
post Jun 20 2019, 08:21 AM

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QUOTE(wild_card_my @ Jun 19 2019, 11:06 PM)
See? "Grandmother views". tak habis2 with the labeling, the name-calling. Grow up, be more civilized, and discuss the topic at hand. For example:

1. I asserted that Cyberjaya is a ghost town
2. You asked for proof to back my assetions
3. I showed pictures of empty units
4. You claim that without checking the "tennat" list there is no way to be sure
5. I claim that at times, we have to work with what we have.
6. You reject my reasoning
7. I pay a visit to a number of condos and take a picture of the empty lots, with no cars meaning no tenancy
8. You claim that not everyone needs cars, public transport is good enough for some
9. I assert that public transport is no good in Cyberjaya, seldom see any busses here. No trams too. residents  don't have access to last-mile
10. You claim that that is only my anecdotes, asked for proof
11. I show you the bus schedules that don't even cover most of the condos, and with our weather making walking under the hot sun uncomfortable, strengthening my assertion that the empty lots prove no or low tenancy of the condos

I don't know why I need to talk about engaging people in an online discussion to you guys. Why are you all like this? Why are you so... basic? I notice this basic defensive behavior, where name-calling and personal attacks reign supreme to only typically exist in Cyberjaya threads (as far as property threads are concerned). You refuse to engage me academically and resort to what you do best at that level.
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I think you should not generalise your points like "why you all" etc. I always use fact and I am sincere to share what I know here, same to a lot of people who contributed here. I think that's why you are attacked. Plus I am sure there are good things about this city which you may want to share to help people make an informed decision.
wsoon82
post Jun 20 2019, 07:02 PM

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QUOTE(wild_card_my @ Jun 20 2019, 03:54 PM)
Shelter can come in the form of rental. The property that you are staying in doesn't have to be bought, especially not if the return (capital appreciation) is lower than the mortgage rates.

For example, let's say you bought a condo for own stay and it experienced a capital appreciation of just 2%, while you bought it at 100% margin of financing with a 4.5% mortgage rate. Each day you would be losing money. Instead, if you had rented the same place, you would end up with more preserved wealth.
I partially agree with you. My view are
1) it is fine to stay in rented property or buy a property as long as you are aware and really aware what you are doing.
2) people have to ask themselves, if I don't buy property, where my money will go after deducting rental. The reality is a lot of people will spend it.
3) interest (the actual amount paid as interest) for mortgages is reducing over the years, so time play a role. Start young has an advantage. I always regret I didn't start earlier.
4) I always feel the mortgages become "lighter" over the years because income increases over the years. I always surprised I actually "save" so much money when I see the difference between my property price vs how much I owe banks.

I can talk very long but in short, if you know what you are doing, please go ahead. It is easy to say I can invest money in higher returns tools but really not easy to do depending on each person ability.

Again, just a friendly reminder, do share good things about buying property, I am sure you have reasons to buy property. And I fully believed not all condos in cbj are bad, we can not lump them together.....

There must be good things about cbj also otherwise why you stay there.....

This post has been edited by wsoon82: Jun 20 2019, 07:07 PM
wsoon82
post Jun 20 2019, 07:17 PM

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In every companies, I am sure you will see people who keep critic the company or their boss, no matter how good is the company. When asked "why you still there", most answered "cannot find a better one yet". Do appreciate where we are, would actually make us happier, it is OK to look for new job, but when still in the job, do appreciate the job. smile.gif
wsoon82
post Jun 20 2019, 07:33 PM

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Some people see some units in a condo lelong for 50% the price then they label all units in that condo at loosing 50% value. But they didn't realise those lelong units may be facing shit pond. And the other side of the units are higher valued.

Same like the one unit lelong in my condo for various reasons.

I don't think we should make conclusion without looking into details. And don't label all condos in cbj la, people stay there are not stupid people....
wsoon82
post Jun 20 2019, 08:27 PM

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Some people in this thread are very helpful and I learnt from them since some years ago about cbj, although some people keep posting negative comments.... one day I decided to drive to cbj and find out more about this city, and I was surprised with what this city can offer and what are available.

Thanks to those who are willing to share about cbj. Again, this may not be a city that suit everyone but certainly it has something to offer.
wsoon82
post Jun 21 2019, 08:10 AM

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QUOTE(icemanfx @ Jun 21 2019, 05:29 AM)
How much value is condo on the other side could be higher?

Cbj residents are certainly not stupid, just that many bought on emotion or sentiment value. For reasons why there are many foreclosure in cbj.
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Different condos in an area will certainly fetch different price range, when you zoom into each condo there will be good units and bad units.

When you label many of them with negative word, you don't even know who are them how many of them and the reasons behind their decision for their purchase, the lelong units are 1% (or whatever percentage) of those units in cbj, you use that to label many of them?

I am not denying there may be a problem. People should take it into account when making decision but people should not use it as a Conclusion. What is the difference between you and a foreigner who said Malaysian are not civilised, when he/she may never come to Malaysia, even have personal bad experience, does that apply to all Malaysian??

Perception is a very interesting word which I am still learning how to manage.
wsoon82
post Jun 21 2019, 09:37 AM

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QUOTE(icemanfx @ Jun 21 2019, 09:06 AM)
Except new launch during 2011-2014; there is only a very small percentage of units of a particular project are transacted at any one time. Isn't these numbers perceived as market value? If these transacted was used as benchmark during uptrend, could similarly used as benchmark during other time.

If one claims nigeria, Afghanistan, Syria and Iraq are unsafe country for holiday; do you need to experience to prove it?
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You can't take your whatever data and go to a unit owner and say I want your unit at this price. Take the money and sign it..... It is not that simple.

Cbj is near to you and you can experience it safely. I went to Nigeria before (certainly not like what you perceived), the other countries yet to experience.

There is no point to discuss with someone who is not open. Its your choice, just don't plant the perception on others.
wsoon82
post Jun 21 2019, 10:10 AM

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QUOTE(wild_card_my @ Jun 21 2019, 09:47 AM)
This is the problem with Malaysians. They accept these long commuting hours because they have already bought and settled down with little or no recourse to relocate. Thus the shrinking number of options when new opportunities present themselves

Imagine trying to relocate but you find that the sellable-Market-Value has shrinked below your outstanding balance, and that the rental prices wouldn't cover the installment that the difference is much larger than the monetary cost of commuting.

So you end up stuck living in the city and having to commute. This would undoubtedly affect your mental health

This is also what icemanfx means when he said buying properties severely affect your job mobility. What if you get a great job offer in Johor, but you are unable to accept it because you are tethered to a property in Cyberjaya, unable to sell it off without paying back to the bank (top up the difference) and the rental is too low that you couldnt cover the difference with the new job in Johor?

I don't hate Cyberjaya, but it is a city that has failed to live to its expectations despite all the tongkat it has received by the federal government. I am just calling it out.
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Why is this to be the problem with Malaysian...... If you find a good job elsewhere, you can leave your unit empty since you get a good pay, we really can't fulfil all the what if. That's why I said if you know what you are doing, go ahead, otherwise do more preparations.
wsoon82
post Jun 21 2019, 05:26 PM

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QUOTE(wild_card_my @ Jun 21 2019, 10:24 AM)
Part of preparations is research. Part of research is going to the forums and reading what people say about the unit or location you are buying

I am providing such on-the-ground information as a resident of Cyberjaya. Things none of you share about, like the playground, the road conditions, the traffic, the commercial uptake (or downtake), the traffic lights and more. I also talk about the macro market of properties in Cyberjaya, such as the depressing prices of some condo units, the high backlog of maintenance non-payments of some condos, as well as what to expect from these problems - no maintenance money means the condo will be run down in the near future like Domain 5.

I provided all these info to prepare people what to expect before buying properties in Cyberjaya, because i know plenty of people regretted doing so - like my previous landlord who has at least 3 units in Cyber and are aching to dispose them - he is not sharing his regrets in the open obviously. But these are true stories, something which will never come from any of you.

Like i said, i am not biased. Cyberjaya's success or failures have no bearing in my life. If anything, people who have invested and have vested interests in Cyberjaya are the ones who are most biased. And these are the people who are trying to stop me from sharing the flipped side of the coin.
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It is good to share good or bad things. Entirely ok for me and I think people should consider both before making decision.

My own impression is you do label people and generalise your comments, may be without you yourself aware of it....

I think just be more specific, if you stay in A condo then share what is the issues with A condo, or you know conditions in other properties then do share. Can also share surrounding conditions etc.

The problem is when someone said all condos in cbj are crap, did he/she really knows all condos.... All cbj lovers are biased, does someone knows all cbj lovers.....

This post has been edited by wsoon82: Jun 21 2019, 05:37 PM
wsoon82
post Jun 21 2019, 05:43 PM

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Back to cbj, which condos are worth considering in the range about 300k for rental?

I have three in my list but haven't go into details yet. Skypark (due to future mrt and near to putrajaya sentral), tamarind suite (I just love tamarind Square, and I see it is near to King Henry school, not sure their staff rent there?), lakeside condo (the one walking distance to SJKC UNION but this is the least interest one).

This post has been edited by wsoon82: Jun 21 2019, 05:45 PM
wsoon82
post Jun 21 2019, 05:54 PM

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QUOTE(wild_card_my @ Jun 21 2019, 05:45 PM)
i know these places but not sure about the units. What are the built-up area for these condos at the prices you mentioned?
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It is for rental so size doesn't matter, but I do not plan to buy anything more than 400k. The one I see more is tamarind suites about 400sqft but I really don't know rental market in cbj specifically for this property, as some of you guy said it is pretty bad so need to find out from sifu here.

I actually think Skypark is more promising.
wsoon82
post Jun 21 2019, 06:30 PM

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I have an agent friend who never want to promote any property to me, but the only one she recommended was commercial unit in Tamarind Square, I do agree with her, but I certainly don't have money for that yet smile.gif
wsoon82
post Jun 21 2019, 09:39 PM

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QUOTE(thecaterpillar @ Jun 21 2019, 07:28 PM)
I personally will pick tamarind suites. I think this will do better than skypark. So far MCT haven't prove that they can manage a mall. Skypark is ready but u don't hear any plan for them to open. I remember there is rumours or news that they want to sell the mall sometime back.

Anyway, I think centrus mall has more potential than skypark when NSK is open beside it in the future. I really don't know what is setia haruman plan, till today the mall is not open. If they can get dpulze management in, I think it can complement dpulze and connect the malls with covered walk way or bridge.
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Thanks for your good advice, as always, very helpful.

I didn't even know NSK is coming to cbj, Google says NSK is planned to start operation 4Q 2020. A good addition to cbj.
wsoon82
post Jun 24 2019, 10:03 PM

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QUOTE(icemanfx @ Jun 24 2019, 08:26 PM)
There are two hospitals near cbj. Given cbj population, cbi hospital is likely underutilize.
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This is no true. Some of your points may be correct but don't blind yourself and just turn everything into negativity.

There are some indications population start building up in cbj if you see the schools coming in, hospital coming in, nsk coming in, 24 hours book store, etc. They are doing business, NOT there to serve ghost, how soon the population will build up, time will tell, but it is moving positively.
wsoon82
post Jun 24 2019, 10:57 PM

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QUOTE(icemanfx @ Jun 24 2019, 09:43 PM)
Time will tell.
Was 20+ wip towers presumption? Is overhang in cbj presumption? Is low auction price presumption?
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When I was young and my gf (now my wife) told me (when we looked at the city view), there were thousands of lights (from the houses) but none of them belong to us. Renting and owning a house is really different, very different feeling.

Not necessarily one of the unit in the 20 towers in cbj, but can be in any other places. Hope you will get one.
wsoon82
post Jul 1 2019, 09:01 AM

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QUOTE(icemanfx @ Jun 30 2019, 10:59 PM)

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Why not tag those positive replies about cbj? 😁

You choose what you want to see. But it's your choice.
wsoon82
post Jul 1 2019, 09:18 AM

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QUOTE(wild_card_my @ Jun 30 2019, 05:09 PM)
I noticed that a number of Cyberaya investors or those with vested interests in this thread enjoy resorting to the Ad Hominem fallacy

Ad Hominem: Attacking the person making the argument, rather than the argument itself, when the attack on the person is completely irrelevant to the argument the person is making.

I am very well aware of it as the victim of the abuse in this very thread. Racist remarks have been hurled toward me (claiming that I am not a Muslim), not to mention someone saying that I am not a Malay but an Indian/Mamak (which has no bearing to my criticisms of Cyberjaya), while others have claimed that I am trying to promote my mortgage services (which makes no sense, since I should be telling people to buy properties if I want to have them engage my mortgage services), etc. There was even a person here who claimed me to be "Lansi" as if that has any bearing to my arguments. These people were unable to defend against my assertions, so they resorted to personal attacks and to some extent, name calling.

And the above is another example of an Ad Hominem abuse on a fellow forummer who did not even post his comment in this thread (he was simply quoted). Instead of defending against his assertions, you attacked the person in question as an attempt to bring his points down with him.

It shows desperation and only strengthens your opponents' points, at the expense of the defenders looking weak and defeated. It also makes this sub/thread seem immature. Being emotional when proven wrong is no excuse to lash out at others. You can either take the criticisms on the chin or you can argue and prove your opponents wrong. But childishly resorting to ad hominem is not something you should even consider even as a last resort.

p/s on another note, I am also disappointed that a number of Cyberjaya investors in this thread resort to racism as well as elitism in their discussions. Cyberjaya was poised to be a smart city; but when it failed, apparently its residents failed as well.
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We can't control others but we can control ourselves, keep portraiting yourself as the Victim would not help the discussions, keep to the topic otherwise you are falling into the Ad Hominem behaviour as well.

I sincerely want to know what are the good and bad in cbj. For example, if there is a condo that I shall avoid investing, certain restaurant that I should not go, any school that are good/bad, etc.

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