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 What do you think about future Cyberjaya, Realistic or Ghost Town

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BEANCOUNTER
post Mar 24 2018, 12:33 PM

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QUOTE(nexona88 @ Mar 24 2018, 12:25 PM)
2. Medini?? hmm.gif
*
you need to count the * as well.....one * for one character.
TSMSS
post Mar 24 2018, 12:44 PM

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QUOTE(cedm @ Mar 24 2018, 11:00 AM)
Typical statement from self-called property experts... If there's anything to stay away from, it's from such people and their delusional mindset, which happen to be very common on this forum as well. All these break-even rentals, positive cash flow, statements are such non-sense, it hurts to read that. If buying a property was cheaper than renting one, no one would bother to rent in the first place. Insisting on positive cash flow as the golden measurement for a good investment is ignoring that the property is an asset where the value lies.

Expecting the rental to cover or exceed one's loan repayment is expecting to have the cake and eat it too. A property left vacant doesn't not generate any income rental, yet it doesn't lose its value. The statement that you "can't even sell for any profit for the next 10 years" for the areas mentioned is bust by the official price house index released every year by the government: the average house price increased by ~5% in the past 3 years, and between 5-15% in the preceding 7 years. That's higher than any house loan rate, and easily cover any extra charges like management fees. Even adjusting these numbers for inflation over that 10 years period would still return a profit. There certainly some properties that struggle to increase in value, but calling entire areas unprofitable, that's phony.
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The truth is almost 20 years cyberia and similar project that time sell around purchase price, townhouse cant even sell 400k rite now, penthouse more cheaper than buying price.

But new project selling almost 600 psf before minus the rebate, actual price around 400 psf
AskarPerang
post Mar 24 2018, 01:37 PM

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QUOTE(AskarPerang @ Mar 3 2018, 09:57 PM)
2 lelong units available. BUMI LOT. Guess can wait drop below 1M before grabbing.

1. No.2A, Jalan Beethoven 1, Symphony Hills
Auction Date - 27 / 03 / 2018.
2 storey semi D
Current reserve price: 🔥🔥RM 1.24M🔥🔥
⚠️1st auction RM 1.7M⚠️

2. No.31, Jalan Beethoven 2, Symphony Hills
Auction Date - 24 / 03 / 2018.
2 storey semi D
Current reserve price: 🔥🔥RM 1.24M🔥🔥
⚠️1st auction RM 1.7M⚠️
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First unit sold today at 1.34M. 2 bidders fight it out:

user posted image
nexona88
post Mar 24 2018, 02:57 PM

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QUOTE(BEANCOUNTER @ Mar 24 2018, 12:33 PM)
you need to count the * as well.....one * for one character.
*
Ahh..
Then I'm clueless...
Melaka & Melawati also cannot...

blink.gif hmm.gif
AskarPerang
post Mar 24 2018, 03:03 PM

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QUOTE(nexona88 @ Mar 24 2018, 02:57 PM)
Ahh..
Then I'm clueless...
Melaka & Melawati also cannot...

blink.gif hmm.gif
*
You are right. It is Medini (which includes Forrest City as well)
BEANCOUNTER
post Mar 24 2018, 03:04 PM

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QUOTE(nexona88 @ Mar 24 2018, 02:57 PM)
Ahh..
Then I'm clueless...
Melaka & Melawati also cannot...

blink.gif hmm.gif
*
Guess need to pay pai rm2000 for one to one consultation to find out....leke
nexona88
post Mar 24 2018, 03:08 PM

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QUOTE(AskarPerang @ Mar 24 2018, 03:03 PM)
You are right. It is Medini (which includes Forrest City as well)
*
Hahahaha...
Those 2 place in Johor really oversupply..
Ghost city 😈
wsoon82
post Mar 24 2018, 03:59 PM

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QUOTE(icemanfx @ Mar 24 2018, 11:17 AM)
In the long-term, residential property price rise at about inflation rate and many neglected bank interest incurred is a cost. Total cost of owning a property could be more than double of purchase price.

Like all assets, price could drop from oversupply. Most bought property with leverage, pressure on price drop would be greater especially bank interest rate is rising.
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Not sure if the picking up of oil and gas will boost the property price, petronas is giving 3-9 months bonus for 2017, the european company I am working also resume full bonus for 2017. A lot of companies are hiring.
I don't know the situation in other sector, Definitely the buying power from oil and gas workers are improving. People around me are buying.
The longer you wait, the property you are going to get will only become more unaffordable or smaller.
propertybbb
post Mar 24 2018, 04:07 PM

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QUOTE(BEANCOUNTER @ Mar 24 2018, 12:59 PM)
pai kor punya prediction you also take it as gospel truth????? devil.gif

i wonder what is his opinion on seremban 2, selayang and etc?
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Ehhh dont touch his heart pain project la..selayang big wok with his followers ...his famous melawati luxury proj everyone know he screwed up big time with his partners. But never mentioned in his talk or advice for his students as case study of proj or area to avoid? Ppls in the close circle in this line all know la. God bless. If he is honest n really guru, he need to tell ppls on all his failed investment with his many partners as well. He never played cyberjaya becoz he cannot advantage of cyber prop on bumi disc n even he buy non bumi (he prefer normally) he cannot sell to non bumi due to the restriction in cyber prop that bumi owners cannot sell to non bumi regardless the titles bumi or not. So never his playing firld there to goreng prop

This post has been edited by propertybbb: Mar 24 2018, 04:12 PM
cedm
post Mar 24 2018, 04:12 PM

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QUOTE(aaron1717 @ Mar 24 2018, 11:11 AM)
do they have specific index by area? the average price increase could be because those areas that are doing well... and its actually brought down by areas which are stagnant or even selling below cost price...
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I'm looking at the data provided by NAPIC. It's detailed down to districts. For Sepang, the numbers are:

Terrace House price index (2010=100)

2009: 95.8
2010: 100 (+4.4%)
2011: 121.7 (+21.7%)
2012: 137.6 (+13%)
2013: 150.7 (+9.5%)
2014: 162.3 (+7.7%)
2015: 172.5 (+6.2%)
2016: 186.5 (+8.2%)

I can't find High Rise data for Sepang. For Selangor as a whole, it's:

2009: 96.0
2010: 100.0 (+4.1%)
2011: 110.5 (+10.5%)
2012: 129.1 (+16.8%)
2013: 141.9 (+9.9%)
2014: 153.6 (+8.2%)
2015: 165.9 (+8%)
2016: 184.4 (+11.2%)

For KL center:

Terrace House:

2009: 89.4
2010: 100.0 (+11.9%)
2011: 117.7 (+17%)
2012: 126.8 (+8.4%
2013: 164.1 (+29.4%)
2014: 181.4 (+10.5%)
2015: 196.6 (+8.4%)
2016: 201.7 (+2.6%)

High rise:

2009: 94.5
2010: 100.0 (+5.8%)
2011: 115.7 (+15.7%)
2012: 136.8 (+18.2%)
2013: 155.8 (+13.9%)
2014: 162.1 (+4%)
2015: 174.0 (+7.3%)
2016: 187.8 (+7.9%)

I can't find the full dataset for year 2017 (only up to Q3), maybe it's not ready yet or my google skills are not up to the task... Anyway, it gives some us hard numbers to look at, and while it's not down to specific tonwships, it's better than the baseless statements from those property doomsday preachers.

Or, we can look at transacted property prices from website like brickz.my for specifics.

Some sample for Cyberjaya, Jan-Dec 2017, Median price:

* Neocyber: RM 270,000
* Garden residence: RM 1.3M
* Serin RM 455,000
* Cybersquare: RM 260,000
* SEG: RM 1.2M
* Hyve: RM 340,000
* The Arc: RM 340,000

I don't know how much these were selling for when VP... You guys can do the math if you want. But anyone owning these properties and renting them out (even at a "negative cash flow"), should still turn a profit upon selling 10 years down the road. A poor rental market like today's will still allow a landlord to rent a unit for more than half its loan repayment, therefore slashing in half the cost of ownership. I'd find it hard to believe that areas like KLCC, Cyberjaya, Seminyeh, etc. would see their property values drop in half over 10 years. Actually, I would be very surprised if such areas' price don't even kept up with inflation, let alone remain stagnant.
propertybbb
post Mar 24 2018, 04:14 PM

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I believe every area has good or bad properties.
propertybbb
post Mar 24 2018, 04:40 PM

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The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k
m0n0p0ly
post Mar 24 2018, 04:40 PM

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QUOTE(propertybbb @ Mar 24 2018, 03:07 PM)
Ehhh dont touch his heart pain project la..selayang big wok with his followers ...his famous melawati luxury proj everyone know he screwed up big time with his partners. But never mentioned in his talk or advice for his students as case study of proj or area to avoid? Ppls in the close circle in this line all know la. God bless. If he is honest n really guru, he need to tell ppls on all his failed investment with his many partners as well. He never played cyberjaya becoz he cannot advantage of cyber prop on bumi disc n even he buy non bumi (he prefer normally) he cannot sell to non bumi due to the restriction in cyber prop that bumi owners cannot sell to non bumi regardless the titles bumi or not. So never his playing firld there to goreng prop
*
Busuk? Want to hear more leh
m0n0p0ly
post Mar 24 2018, 04:41 PM

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QUOTE(propertybbb @ Mar 24 2018, 03:14 PM)
I believe every area has good or bad properties.
*
True also..when u organize property talk? I sure to join
m0n0p0ly
post Mar 24 2018, 04:43 PM

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QUOTE(propertybbb @ Mar 24 2018, 03:40 PM)
The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k
*
Cyber South leasehold landed already sell 500-700k, Paramount not possible
thecaterpillar
post Mar 24 2018, 05:47 PM

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QUOTE(propertybbb @ Mar 24 2018, 04:40 PM)
The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k
*
That land with lake, most probably will sell premium la. Smaller size maybe so can sell cheaper, but don't expect it to be below 1mil.

Heard that emkay also will have landed soon. Just wait, more landed coming but price definitely won't be at the affordable range.
TSMSS
post Mar 24 2018, 08:38 PM

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QUOTE(cedm @ Mar 24 2018, 04:12 PM)
I'm looking at the data provided by NAPIC. It's detailed down to districts. For Sepang, the numbers are:

Terrace House price index (2010=100)

2009: 95.8
2010: 100 (+4.4%)
2011: 121.7 (+21.7%)
2012: 137.6 (+13%)
2013: 150.7 (+9.5%)
2014: 162.3 (+7.7%)
2015: 172.5 (+6.2%)
2016: 186.5 (+8.2%)

I can't find High Rise data for Sepang. For Selangor as a whole, it's:

2009: 96.0
2010: 100.0 (+4.1%)
2011: 110.5 (+10.5%)
2012: 129.1 (+16.8%)
2013: 141.9 (+9.9%)
2014: 153.6 (+8.2%)
2015: 165.9 (+8%)
2016: 184.4 (+11.2%)

For KL center:

Terrace House:

2009: 89.4
2010: 100.0 (+11.9%)
2011: 117.7 (+17%)
2012: 126.8 (+8.4%
2013: 164.1 (+29.4%)
2014: 181.4 (+10.5%)
2015: 196.6 (+8.4%)
2016: 201.7 (+2.6%)

High rise:

2009: 94.5
2010: 100.0 (+5.8%)
2011: 115.7 (+15.7%)
2012: 136.8 (+18.2%)
2013: 155.8 (+13.9%)
2014: 162.1 (+4%)
2015: 174.0 (+7.3%)
2016: 187.8 (+7.9%)

I can't find the full dataset for year 2017 (only up to Q3), maybe it's not ready yet or my google skills are not up to the task... Anyway, it gives some us hard numbers to look at, and while it's not down to specific tonwships, it's better than the baseless statements from those property doomsday preachers.

Or, we can look at transacted property prices from website like brickz.my for specifics.

Some sample for Cyberjaya, Jan-Dec 2017, Median price:

* Neocyber: RM 270,000
* Garden residence: RM 1.3M
* Serin RM 455,000
* Cybersquare: RM 260,000
* SEG: RM 1.2M
* Hyve: RM 340,000
* The Arc: RM 340,000

I don't know how much these were selling for when VP... You guys can do the math if you want. But anyone owning these properties and renting them out (even at a "negative cash flow"), should still turn a profit upon selling 10 years down the road. A poor rental market like today's will still allow a landlord to rent a unit for more than half its loan repayment, therefore slashing in half the cost of ownership. I'd find it hard to believe that areas like KLCC, Cyberjaya, Seminyeh, etc. would see their property values drop in half over 10 years. Actually, I would be very surprised if such areas' price don't even kept up with inflation, let alone remain stagnant.
*
do you believe all the data given by them?

better you do your own research by project.

TSMSS
post Mar 24 2018, 08:40 PM

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QUOTE(m0n0p0ly @ Mar 24 2018, 04:40 PM)
Busuk? Want to hear more leh
*
better hear more busk than nice talk, more preparation for future.
TSMSS
post Mar 24 2018, 08:42 PM

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QUOTE(propertybbb @ Mar 24 2018, 04:14 PM)
I believe every area has good or bad properties.
*
every winner have a loser, every loser have a winner.

2 years ago shaftbury studio transact price around 400k~450k, now how much on the market.
this time not a good time for cj, maybe next time but dunno when............
nexona88
post Mar 24 2018, 08:55 PM

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QUOTE(propertybbb @ Mar 24 2018, 04:40 PM)
The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k
*
Hmm..
Don't have high hope..
Its won't be below 1mil for landed 😑
And its from Paramount.. Sure premium pricing...

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