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

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jeansandcorduroy
post Apr 13 2018, 10:30 AM

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I know two people who bought houses in Cyberjaya for their own stay and were both very happy with it even if it meant they needed to spend an hour to get to the city. When I asked them why they chose Cyberjaya they both said they grew up in Port Dickson and they like the kind of life where you open the door of your house and see nothing
vampireangel1984
post Apr 13 2018, 10:33 AM

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QUOTE(jeansandcorduroy @ Apr 13 2018, 10:30 AM)
I know two people who bought houses in Cyberjaya for their own stay and were both very happy with it even if it meant they needed to spend an hour to get to the city.  When I asked them why they chose Cyberjaya they both said they grew up in Port Dickson and they like the kind of life where you open the door of your house and see nothing
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key word is nothing i guess.
pantang as an investor
freedom8901
post Apr 13 2018, 10:38 AM

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QUOTE(vampireangel1984 @ Apr 13 2018, 10:11 AM)
silly as it sounds, the market has some kind of crash every ten years
1998 asian financial crisis
2007 us financial crisis
we are in 2018...on the worst case side, we will have a crash on 2019.

as for the property market, KLCC bubble burst already since 2015.
S**** S** launch price:
Launch Price: RM680 - RM1,100 psf
subsale:  679, 693 , 734,761  892, 852, 799 ( from iproperty first page..i believe the price is negotiable)

Not a single one reached RM1000psf

I wont call a blanket burst, but selected areas.
and cyberjaya is one of them
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What if no crash? How long should we wait?


QUOTE(icemanfx @ Apr 13 2018, 10:15 AM)
When wip towers are fully occupied, laidback lifestyle and peaceful living will no longer possible. Many only look at current but not future.
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wip towers? Rumawip?



vampireangel1984
post Apr 13 2018, 10:43 AM

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QUOTE(freedom8901 @ Apr 13 2018, 10:38 AM)
What if no crash? How long should we wait?
wip towers? Rumawip?
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No blanket crash!

the whole KL wont suddenly drop 30%! selected areas

you want to buy cyberjaya?
icemanfx
post Apr 13 2018, 10:59 AM

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QUOTE(freedom8901 @ Apr 13 2018, 10:38 AM)
What if no crash? How long should we wait?
wip towers? Rumawip?
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Property is illiquid, price takes years to bottom.

Most bought property with borrowing, incurring bank interest daily; price needs not drop to loss money..

Work in progress towers.

This post has been edited by icemanfx: Apr 13 2018, 10:59 AM
Just Saying
post Apr 13 2018, 11:05 AM

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QUOTE(vampireangel1984 @ Apr 13 2018, 09:51 AM)
your point is? you can buy any unit in cyberjaya..proof to us you can
a) afford
b) make money
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If u need proof to everything then u might miss many thing in life, not only property purchase but also other areas. Sometimes u need to take chance in life.

There’s no need to prove to you coz I don’t take u seriously nor your words. U don’t worth a cent. Sorry.

This post has been edited by Just Saying: Apr 13 2018, 11:06 AM
1depp1
post Apr 13 2018, 11:09 AM

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QUOTE(Just Saying @ Apr 13 2018, 11:05 AM)
If u need proof to everything then u might miss many thing in life, not only property purchase but also other areas. Sometimes u need to take chance in life.

There’s no need to prove to you coz I don’t take u seriously nor your words. U don’t worth a cent. Sorry.
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as they say, sometimes you made the right decision. But MOST OF THE TIME, we can make the decision right. Meaning to say, we do our due diligence (knowledge on the property in Cyberjaya, do our strategies on buying sub-sale or off plan Cyberjaya properties, having solid financials; holding power, etc).
vampireangel1984
post Apr 13 2018, 11:11 AM

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QUOTE(Just Saying @ Apr 13 2018, 11:05 AM)
If u need proof to everything then u might miss many thing in life, not only property purchase but also other areas. Sometimes u need to take chance in life.

There’s no need to prove to you coz I don’t take u seriously nor your words. U don’t worth a cent. Sorry.
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call me conservative, but for my investments, i prefer data and proof. not based on your grand mother story.

actually i am worth at least ten cents. i just found ten cents in my car seat.
Just Saying
post Apr 13 2018, 11:13 AM

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QUOTE(1depp1 @ Apr 13 2018, 09:57 AM)
As an ex-MMU student, I do have a say regarding Cyberjaya property now. Just a quick outlook :
(1) Peaceful, very calm and quiet living space, less rempits (maybe nearby MMU area where the rempits gather, but very uncommon sight)
(2) High supply, low demand for properties.. Maybe in 20 years time then there will be high demand for properties, but since urbanisation tend to move to Semenyih, Bangi area, I doubt Cyberjaya is going to be the place of urbanisation. Have you ever heard people saying.. "I want to live in Cyberia after etc etc.." No. Most of them tend to want to move to Puchong, KL, etc.
(3) Again, laid back life in Cyberjaya makes it one of the peaceful region to live but quick access to KL.
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Bangi is predominantly Malay area. I have nothing against it. Location wise not bad.

Semenyih? Oh dear. In terms of accessibility and location, it’s much worse than Cyber. Just coz Setia and EcoWorld is there don’t mean it’s a prime location. If u haven’t already known, both giant developers are struggling there especially Setia. They can only manage to target middle class and below buyers. Recently, they came up with rent and buy later to woo lower income buyer. What a joke.



vampireangel1984
post Apr 13 2018, 11:17 AM

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QUOTE(Just Saying @ Apr 13 2018, 11:13 AM)
Bangi is predominantly Malay area. I have nothing against it. Location wise not bad.

Semenyih? Oh dear. In terms of accessibility and location, it’s much worse than Cyber. Just coz Setia and EcoWorld is there don’t mean it’s a prime location. If u haven’t already known, both giant developers are struggling there especially Setia. They can only manage to target middle class and below buyers. Recently, they came up with rent and buy later to woo lower income buyer. What a joke.
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and the quality is effed up
flight
post Apr 13 2018, 11:23 AM

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I think one of the key issues with cyberjaya is that the property prices have moved up since the earlier years.

A similar property, landed or high rise. Is much cheaper in places like kajang and semenyih than cyberjaya.

With the oversupply kicking in. Some of the property prices have come down sufficiently where it makes sense to buy for staying.


I cant imagine buying mutiara ville at rm500k++, but that was what was being paid, mind u. Most if not all the sales was taken up.

It is available now at rm300k, and u have these ppl saying all sorts of nonsense. Where were u when this thing was priced at rm500k?
1depp1
post Apr 13 2018, 11:25 AM

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QUOTE(Just Saying @ Apr 13 2018, 11:13 AM)
Bangi is predominantly Malay area. I have nothing against it. Location wise not bad.

Semenyih? Oh dear. In terms of accessibility and location, it’s much worse than Cyber. Just coz Setia and EcoWorld is there don’t mean it’s a prime location. If u haven’t already known, both giant developers are struggling there especially Setia. They can only manage to target middle class and below buyers. Recently, they came up with rent and buy later to woo lower income buyer. What a joke.
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Well, I guess in a way there must be a reason why Property developers look at Semenyih as a location they develop their products. It is not a prime location yet, as I feel they did their research and wanted to be there for the long run (>10 years). Plus, not bad what if they have a condo there running at 200k-ish a unit. That is a big "IF" la. biggrin.gif
icemanfx
post Apr 13 2018, 11:26 AM

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QUOTE(flight @ Apr 13 2018, 11:23 AM)
I think one of the key issues with cyberjaya is that the property prices have moved up since the earlier years.

A similar property, landed or high rise. Is much cheaper in places like kajang and semenyih than cyberjaya.

With the oversupply kicking in. Some of the property prices have come down sufficiently where it makes sense to buy for staying.
I cant imagine buying mutiara ville at rm500k++, but that  was what was being paid, mind u. Most if not all the sales was taken up.

It is available now at rm300k, and u have these ppl saying all sorts of nonsense. Where were u when this thing was priced at rm500k?
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When the herd is blinded by greed couldn't distinguish wheat from chaff, and treat all alternative opinion and napic data as noise.

Even now, the herd still see rm300k as noise.

This post has been edited by icemanfx: Apr 13 2018, 11:38 AM
flight
post Apr 13 2018, 11:29 AM

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QUOTE(1depp1 @ Apr 13 2018, 11:25 AM)
Well, I guess in a way there must be a reason why Property developers look at Semenyih as a location they develop their products. It is not a prime location yet, as I feel they did their research and wanted to be there for the long run (>10 years). Plus, not bad what if they have a condo there running at 200k-ish a unit. That is a big "IF" la.  biggrin.gif
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The reason they are there is because of the large land bank they have there. After sp setias merger with i&p, they have about 5000 acres in semenyih.

There is a very large development pipeline, but unless demand keeps swelling. They will need to price their properties to sell. That might keep a lide on property prices in that area. I could be wrong though.
1depp1
post Apr 13 2018, 11:30 AM

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QUOTE(flight @ Apr 13 2018, 11:23 AM)
I think one of the key issues with cyberjaya is that the property prices have moved up since the earlier years.

A similar property, landed or high rise. Is much cheaper in places like kajang and semenyih than cyberjaya.

With the oversupply kicking in. Some of the property prices have come down sufficiently where it makes sense to buy for staying.
I cant imagine buying mutiara ville at rm500k++, but that  was what was being paid, mind u. Most if not all the sales was taken up.

It is available now at rm300k, and u have these ppl saying all sorts of nonsense. Where were u when this thing was priced at rm500k?
*
No traffic is going through Mutiaraville, how to expect tenancy in their commercial lots? I have a friend who rented there a few years back, in 6 months cabut already due to no one coming to his restaurant (no business). Also, that place is near to Taman Pinggiran Cyber which has makcik nasi lemak stalls and some nasi campur warung selling for RM2 and etc. How to compete? Also, Mutiaraville is close to "dipinggirkan" because nearby to Taman Pinggiran Cyber. biggrin.gif biggrin.gif

Disclaimer : Been living in Taman Pinggiran Cyber house for close to 3 years during my uni years. So, I personally experienced the situation, and thus, entitled to an opinion.
BEANCOUNTER
post Apr 13 2018, 11:38 AM

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QUOTE(1depp1 @ Apr 13 2018, 11:30 AM)
No traffic is going through Mutiaraville, how to expect tenancy in their commercial lots? I have a friend who rented there a few years back, in 6 months cabut already due to no one coming to his restaurant (no business). Also, that place is near to Taman Pinggiran Cyber which has makcik nasi lemak stalls and some nasi campur warung selling for RM2 and etc. How to compete? Also, Mutiaraville is close to "dipinggirkan" because nearby to Taman Pinggiran Cyber.  biggrin.gif  biggrin.gif

Disclaimer : Been living in Taman Pinggiran Cyber house for close to 3 years during my uni years. So, I personally experienced the situation, and thus, entitled to an opinion.
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Bangsar south also surrounded by flats low cost flats n mid cost flats and macik there also jual murah.....

But does it affect the more expensive restaurants?
vampireangel1984
post Apr 13 2018, 11:43 AM

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QUOTE(BEANCOUNTER @ Apr 13 2018, 11:38 AM)
Bangsar south also surrounded by flats low cost flats n mid cost flats and macik there also jual murah.....

But does it affect the more expensive restaurants?
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bangsar south has high end jobs.
i highly doubt mutiara ville has got such high end jobs
kcy1606
post Apr 13 2018, 11:49 AM

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QUOTE(1depp1 @ Apr 13 2018, 11:30 AM)
No traffic is going through Mutiaraville, how to expect tenancy in their commercial lots? I have a friend who rented there a few years back, in 6 months cabut already due to no one coming to his restaurant (no business). Also, that place is near to Taman Pinggiran Cyber which has makcik nasi lemak stalls and some nasi campur warung selling for RM2 and etc. How to compete? Also, Mutiaraville is close to "dipinggirkan" because nearby to Taman Pinggiran Cyber.  biggrin.gif  biggrin.gif

Disclaimer : Been living in Taman Pinggiran Cyber house for close to 3 years during my uni years. So, I personally experienced the situation, and thus, entitled to an opinion.
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IMO the location of Mutiara Ville is not bad and definitely not 'dipinggirkan'.

Walking distance to SJK © Union, Tamarind Square and upcoming Cyberjaya Hospital. If the tram is confirmed, there is a proposed station near to Gem In Mall.
1depp1
post Apr 13 2018, 11:50 AM

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QUOTE(BEANCOUNTER @ Apr 13 2018, 11:38 AM)
Bangsar south also surrounded by flats low cost flats n mid cost flats and macik there also jual murah.....

But does it affect the more expensive restaurants?
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You try live in Taman Pinggiran Cyber, 63000, Cyberjaya, Selangor for close to 3 years, (as it is just 100 metres from Mutiaraville) and you will instantly know that mid-ranged restaurants which sells nasi campur RM7~8 will struggle. Reason being, Mutiaraville is really on the fringes of Cyberjaya. It is also quite dusty due to the tanah merah, abandoned lake, and battery factory (around 5km range). People tend to go to "city centre" such as in Domain, The Street Mall, and/or D'Pulze.

Different city planning compared to Bangsar South.
flight
post Apr 13 2018, 11:50 AM

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I think bangsar south is better than cyberjaya😅.

Anyway, im not saying mutiaraville is good. Just highlighting that prices there have come down. The earlier rise in prices is probably because initial demand was very good.

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