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 Why U Buy Cyberjaya? v7

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wsoon82
post Jul 1 2019, 11:07 AM

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QUOTE(wild_card_my @ Jul 1 2019, 10:07 AM)
Since we are just chatting and I am not advising anyone in any professional capacity, I would recommend prospects to avoid any high-rises at developers' SPA prices. There are plenty of options in the firesale (desperate) and lelong listings. The older condos get a bad rap; in general each time a new condo gets built in the vicinity the older condos prices will generally depress. Keep note that depress in this context does not necessarily mean "reduced" in nominal terms, but reduced in strength of activity. Meaning if the prices were not depressed due to the external activity (new condo being erected), the prices of the older condos may have increased at higher rates.

As it is though, a good number of condos in Cyberjaya actually lost its value and are sold at below SPA prices.

I cannot provide evidence (due to legal reasons) but I know a good number of high-rises in Cyberjaya that are being transacted at marked-up prices. That seems to be the norm there; agents and owners can't do much against that market force (supply and demand). Keep in mind though that the agents don't want to depress the market any further, but they know the prices may not be transactable at their list prices, so there is plenty of room for negotiations.

Avoid properties with huge maintenance-payment backlog. At some point, the backlog will reach a point where it is not reversible and the condo maintenance will face a downward spiral. There is a new condo/complex with individuals owing up to RM17k to the management, that's probably something you would want to avoid. Some may claim that once transacted, the amount due will be paid-off, but if the condo is run down, will people want to purchase those units? It will be a spiral of bad maintenance and dropping value, like Domain area.
 
The problem with Cyberjaya: it changed its objective midway, making it somewhat of a "bastard child". Other cities were created with a clear objective in mind - a satellite city (subang jaya), an industrial city (klang cities), an administrative city (putrajaya), etc. Cybejaya tried to be a "tech hub", which failed, then it opened up and became a "property city", which also failed spectacularly. If you love living here, that is fine, but investing here is questionable unless you get it at great firesale/lelong prices
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Thank you for the good advice. Markup of prices in SPA is pretty normal, that's why I am very cautious not to use bricks or SPA as the sole reference. Plenty of preparation is needed to catch a real firesale with promising future.
wsoon82
post Jul 15 2019, 07:25 PM

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Few months ago I packed an Indian mixed rice (roadside stall) in puchong, very good business, but he told me he is going to move to cbj shop. smile.gif

I tried Salam noodle quite nice and reasonably priced. Paddy House a bit pricey but you can order the next shop (same owner but cheaper).
wsoon82
post Jul 17 2019, 08:24 AM

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QUOTE(thecaterpillar @ Jul 16 2019, 07:54 PM)
U mean the padi house opposite tamarind right? Not the one beside oldtown.

For that the set not bad la... Chicken rice or some noodle with iced coffee at around rm10.
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Yes, the one opposite tamarind, the around rm10 set has to order from next door and pay first and that's cheaper, the padi house itself priced higher with service charge etc.
wsoon82
post Nov 8 2019, 09:19 AM

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QUOTE(icemanfx @ Nov 6 2019, 01:51 PM)
As if these 5 things only happening in cbj.
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This is no difference from saying "As if only you did well in your exam", "As if only Malaysia has good durian" etc.

Be careful.

When something/someone doing well, we give the recognization.

Cbj is doing well, certainly much more lively nowadays. Don't believe? just need to pay a visit now, then a year later.
wsoon82
post Dec 4 2019, 08:22 AM

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https://m.facebook.com/story.php?story_fbid...602719926644388

These people opened shop in cbj to serve ghost??
wsoon82
post Dec 4 2019, 08:53 AM

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SJKC UNION unfortunately have to decline some applications for next year due to too many students, where are those kids come???
wsoon82
post Dec 6 2019, 08:20 AM

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QUOTE(Namelessone1973 @ Dec 4 2019, 11:50 AM)
I guess some coming from Puchong South.
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Priority is given to those staying in cbj, I know some people from other location trying to enter this school but got rejected.
wsoon82
post Dec 6 2019, 08:38 AM

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I also buy shares and like to observe human behaviour (it is more obvious for shares market due to dynamic movement). I can see generally three groups of people.

Group 1: who bought the shares, they will share good news/views, who don't want their shares go up?

Group 2: who want to buy low, they will share bad news hoping shares will go down so they can buy low.

Group 3: who never have the guts to make decision. They will share bad news only, hoping shares will go down so they can buy, but when go down, they hope to go down further so never buy. When go up, they will continue share bad news because they miss the boat or they still believe it is not a fair value, again if go down to their "fair value", they never buy. Even if they bought, they would not sell, because they hope will go up further....

The reality is it is not really possible to buy lowest and sell highest. Decision making is important.

Back to cbj, I will move in next year with my family. Looking forward positively.
wsoon82
post Dec 6 2019, 08:40 AM

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QUOTE(Namelessone1973 @ Dec 6 2019, 08:30 AM)
I will be moving to cyberjaya next year and registering my daughter next year. My IC already change to my cyberjaya address so hopefully I won't encounter any problem next year.
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Your daughter what age this year? Do go to the school earlier to find out the procedure to move in, and keep in touch with the school.
wsoon82
post Dec 6 2019, 12:55 PM

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QUOTE(party @ Dec 6 2019, 09:12 AM)
There is group 4: buy liao but shares dying so die2 protect in denial mode.

Pretty obvious most belongs to which group.
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That is still Group 1, that's is normal whoever bought it want shares up, and can deny when go the other way. Same for Group 2 and 3, people have their own interest and deny the others. Just be more open.
wsoon82
post Dec 6 2019, 12:57 PM

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QUOTE(Namelessone1973 @ Dec 6 2019, 08:51 AM)
4 years old. We can only register when she's 5 years old via online.
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Yes, you are right, after you register, follow up with the school for the progress. Many people are moving in to cbj and the school is not big so can be difficult to get in.
wsoon82
post Dec 6 2019, 06:29 PM

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QUOTE(icemanfx @ Dec 6 2019, 04:11 PM)
Then you also find many buy because others bought; buy on their gut and feeling, and ignoring facts and reality.

For residence, what's good for own stay is often not for investors and vv.
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Warren Buffett said "Fearful when others are greedy and greedy when others are fearful".

It is not possible to buy at the most bottom. In fact, I think cbj is moving up. Time will tell.

By the way, coincidently met one friends at cbj park with his family, they stay at kajang, came to cbj just to bring the kids jalan jalan, why come to ghost town jalan jalan.....
wsoon82
post Dec 6 2019, 10:18 PM

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QUOTE(icemanfx @ Dec 6 2019, 08:24 PM)
Most bought cbj a few years ago because it was heavily promoted, in contrary to your w.b quote.

Most people go Jalan Jalan at either busy shopping mall or vacant park.
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smile.gif time will tell. Many people know theory but few people have the ability to implement. Good luck.
wsoon82
post Dec 6 2019, 11:06 PM

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QUOTE(icemanfx @ Dec 6 2019, 10:54 PM)
For reasons, only about 4% of adults in this country have over us$100k net worth.
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Agree, I am very clear the reasons why I am in the 4%, that's why I am in the 4%. There are reasons why people are in the 96%, one main reason is they do not know the reasons they are in the 96%.
wsoon82
post Dec 19 2019, 10:21 PM

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QUOTE(wild_card_my @ Dec 19 2019, 05:32 PM)
https://www.thestar.com.my/news/nation/2019...ark-mrt-station
Cyberjaya is 2nd Phase. About 4-5 years until this arrives, can Cyberjaya investors hold on to their properties for much longer? Is critical mass for multiple auctions drawing close?
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Cbj mrt should start operating in 2022 as per mrt website, unless it is just changed. But I don't think I would need to rely on mrt, fastest way is still using klia transit, arrive kl sentral in 20 minutes then can go everyway with public transport. Otherwise drive via mex etc.

Compare to many other township, at least mrt are coming (not promised to come), highways are built (not promised to build), hospital is coming (not promised to come), srjkc is there (not promised to be there and pointing on empty land), 24 hours bookstore is available (again not "promise").

Everybody should be more open, then make decision. There are reasons why successful people are minority.
wsoon82
post Dec 19 2019, 10:25 PM

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QUOTE(wsoon82 @ Dec 19 2019, 10:21 PM)
Cbj mrt should start operating in 2022 as per mrt website, unless it is just changed. But I don't think I would need to rely on mrt, fastest way is still using klia transit, arrive kl sentral in 20 minutes then can go everyway with public transport. Otherwise drive via mex etc.

Compare to many other township, at least mrt are coming (not promised to come), highways are built (not promised to build), hospital is coming (not promised to come), srjkc is there (not promised to be there and pointing on empty land), 24 hours bookstore is available (again not "promise").

Everybody should be more open, then make decision. There are reasons why successful people are minority.
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Bak kut teh is also available in cbj smile.gif if looking for non halal food
wsoon82
post Dec 19 2019, 11:31 PM

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QUOTE(icemanfx @ Dec 19 2019, 10:26 PM)
Only about 4% of adults in this country have over us$100k net worth.
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This statement related to the topic why you buy cbj?
wsoon82
post Dec 19 2019, 11:37 PM

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I am not familiar with high-rise market in cbj but I rather choose to investigate if I want to buy one, see with my own eye, then make a decision. Rather then just hear to someone comment then just skip.

If someone choose to see what is available in cbj, will actually find out many things are available, if someone choose to see what is not available in cbj, can also find out many things which are not available.
wsoon82
post Dec 20 2019, 08:23 AM

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QUOTE(Berus Wine @ Dec 20 2019, 01:15 AM)
» Click to show Spoiler - click again to hide... «

Ahh so nice but with half million price tag i don't know if I'll ever afford that.

The location is so near to my workplace i can just walk by foot instead of waking up 2 hours earlier as i currently live in Puchong.
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Puchong to cbj need hour??
wsoon82
post Dec 20 2019, 08:25 AM

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QUOTE(icemanfx @ Dec 19 2019, 11:41 PM)
Certainly.
Developers, re agents and those with vested interest may paint a rosy picture/future and reality could be vastly different.
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Reality is for us to find out from the ground.

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