Cyberjaya is a limited freehold land. Meaning still required to obtain local authority consent for any name transfer dealing.
Therefore, I foresee auction prices in few projects here to dip lower than before as developers starting to issue out strata title.
But yet the defaulter owner did not perform the necessary step to "perfect" this transfer. Logical thinking, paying monthly installment to the bank and maintenance fees also no money, needless to say this MOT stamp duty of course no money to settle as well.

Hence the term "double transfer" come into play.
*Strata Title of the property has been issued by the relevant authority and the Developer is not agreeable to a direct transfer to the successful bidder.

Taking for example Verdi (example only, as Verdi yet to issue strata title) condo biggest size unit (1453sqft). S&P price 900k. Lelong sold price 500k.
The new owner will have to pay up the MOT and legal costing base on this S&P price transferring the title from developer to the ex-owner name first. 
Then only paying another round of MOT and legal cost base on the winning price transferring the name once again to his/her name.

STAMP DUTY SCALE for MOT
Stamp duty Fee 1% : For First RM100,000
Stamp duty Fee 2% : Next 400,000 (RM101,000 – RM500,000)
Stamp duty Fee 3% : The following amount up to RM1 mil (RM500,001 – RM 1 million)

Just calculate for yourself the additional cash in hand one need to have to take over those auction units. Yet to include the penalty incur due to extension coz double transfer will not be able to settle within 90/120 days. Unless potential bidder did not do enough homework and unknowingly bought over such unit, then after winning only realise the consequences, that's a different story.

Have u been to serenia? At best could probably be another puncak alam....poor man version of the real Shah alam...

Most probably he's unit rental can cover his loan and maintenance fee... I guess ppl really willing to blow high amount of rental to stay in area surrounded by palm tree plantation land and hang out at KIP Mall...

Name calling and stereotype are cbj lovers speciality.

The population of Cyberjaya may not increase rapidly..but more home stayed population is noted, and less " overseas" people as compared to before.

For me, it is a " positive " growth

Less crowd if they start charging for parking, hope not... I also frequent tsq alot, can imagine less visit if they start charging for parking.. Just love the environment there.

Village cafe have quite reasonable coffee. Hercaa is nice, better than those the alley or what not boba tea. And quite a few f&b to explore there. I tried dokebi Korean food and it is good too.

Burger King over there seems to be doing quite well comparing to the drive thru outlet.

Some landed Projects to be launched in Dengkil soon, maybe due to some good response in Cyberjaya landed demands

Once Limc0ckwing closes down, all foreign students will quickly disappear.

Never mind.lah ....so long the place is not linked to Cyberjaya....it is safe, u can buy with an eye closed..People just leave u alone..

thanks for your effort by taking the photo and share here.... I will have my own search on that... haha
are you buying that project?
SEGi UC coming to CyberJaya?

1. You're right, rental price is dictate by supply and demand. Right now the supply is more than demand, but it doesn't mean there are no demand. It takes time for supply and demand to reach equilibrium. I believe in scarcity principle. Per say land and of course property's is limited resources.

3. It doesn't matter to me honestly speaking if developer price their product correctly or not, I gain nothing from either transaction and not making living depending on such transaction unlike yourself.

I'm still seeing people grabbing auction unit in cyberjaya which is good news for me. So overdue maintaince problem wouldn't be an issues in my opinions.

What happened in US 2018 won't happened in cyber. Genuine buyer who buy for ownstay won't abandon their property due to 3 reason.

Location (i remembered you admitted that the location is strategic enough for you and your wife wanted to stay here)

Job opportunity. This itself is attracting people to come and stay in Cyber, why owner wanted to move away if they working nearby? Also with Cyber being the second highest average wage paid city in Selangor, according to payscale, average salary in cyber is 64164 p.a. Don't see any problem for genuine buyer paying their installment assuming they also working nearby.

Government, don't think PH or even BN gov will forsake Cyber.i meant how many billions have our government pour into this city? I think is also is the attracting factors and Cyberview+Setia Haruman is doing pretty good job maintaining and marketing Cyber to investors.

5. Early bird buyer wanted to sell their new property? Sounds like flipper. And you also agreed with my view that flipper will not help cyberjaya to develop right? So what does it have to do with cyber isn't a good place to stay? If you want talk about auction, we covered that on point #1. Unable to make short term profit by buying n selling will be a huge turnoff factor which will repel all flipper, it's a good things right?

6. Judging from the amount of new universities, new eateries and new malls,  I'll say it's growing, you agree?

7. Most of the land in Cyber is under commercial zones. What I'm trying to say is if residential unit is over supply will developer still want to build more residential unit or they will build some commercial building to offset and counter the inbalances?  Also do you hear any new residential unit launching recently? Last I heard, the latest project is a mixed development project edusphere and this project is supported by new CUCMS campus. Apart from that, the residential project has really slowed down in cyber. I see many university /commercial/hospital project ongoing now. This is a sign someone is controlling something.

8. The things is even with lower rental, there are still renter and who can tell if the rental will remain that low over time? Per point 7 above, do you see any new project in cyberjaya recently focusing on residential unit? If supply of residential is slowing down, then just wait for demand to catch up. No problem, investment is meant to be long term anyway.

Since you work there, wanted to ask you how many new office/commercial project that you saw being build there at the moment? Is autoville still empty?

I don't know, but with trade war ongoing at the moment its an opportunity for Malaysia to attract those mnc from US or China. Maybe our new government is silent achiever but no news so far. I wanted to know if any new mnc coming to cyber as well.

What's goes around will comes around. It is a matter of time, cbj lovers favourite seg will end up in same fate.

U do not basically understand what is investment...

Not every asset class is termed as an investment

And as a Finance Guy like u..first thing  first ..do not give biased opinions to clients ....it is their lifestyles , not yours ..U do not make decisions for them

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.

Not only that, the flood at cyberjaya is minor and doesn't affect majority of the ppl. It happens at an area that 99% of the population here won't passby. So it's a joke when someone likes to bring up about the flood issue. As I said, it's engraved in his mind for all the things that he can bad mouth in cyberjaya and exaggerate it to the max.

Salute u for the effort to write this out. Its exactly what I thought too.

Im investor in cyberjaya, and i can say the roi is terrible. But its okay, i can foresee the future of cyber, with upscale grocer, mrt and hospital. @icemanx, no need to bring out hospital debate in other area again as u said before long time ago. i can hodl for several years down the road.

i have to say one thing, buy a house there (condo/landed), good place to stay. i like the environment.

I will give the same advice 🤣
Parking at dpulze is terrible now. Same as taman tasik cyber during the weekend.  A lot of my colleagues start move/rent in cyber because they want transfer their kid to sk cyberjaya. Urghhhh. 🤬🤬

Sk cbj is sekolah amanah (half gov)
So they are independent to make any decision

2013, we are only thinking to buy any affordable house at cyber because i’m working here. We dont want to pay rent, we feel like not worth to pay rent 800-1500 for other’s people house. We dont need any exit strategy, because we love cbj environment. After 5years our family grow, then we need to work really2 hard, then bought another house. Dont limit your self. By 2022 when new house ready, we might rent/airbnb current house. Dont really care. We just need to work harder. I have another highrise in cbj, not yet completed. Well, i dont have any plan for this, bought purely for my asset, can pass down to child later. Really dont care if dont have tenant for this. I bought because i can afford it. Not because i want to get rich. 

Its good people dont go to autoville. Less waiting time for  us when we service/carwash there. Carwash at oldtown always full.

I have 1 question, do u think in 30-50 years, our house will become toxic asset?