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

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wsoon82
post Jan 19 2018, 08:19 AM

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QUOTE(MSS @ Jan 18 2018, 07:48 PM)
who said psf not dropping, are you forget to minus the rebate up to 30%,  rclxms.gif
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When I said that, it was based on nett price after all the rebates. Which project you are getting more "worth for money" than before?
wsoon82
post Jan 20 2018, 03:56 PM

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QUOTE(icemanfx @ Jan 20 2018, 02:23 PM)
Average transacted price of landed homes in Dengkil in 2017 is lower than in 2013.

https://dbv47yu57n5vf.cloudfront.net/s3fs-p...75_locked_0.pdf

Denkil is not cj but neighboring and closer to klia and dftz that heavily promoted by some in this tread.
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Following your logic, why not you buy in 2014 at 130psf, and sell in 2016 at 202.5psf? Get a good 55% return. The average transaction price will depend on what are the properties transacted on that year and I don't think you can go to dengkil and tell anyone "hey, the average price is this, sell me at this price"....so many factors....
Look at currently where you stay, is it become cheaper to buy now? If not, next month or next year will be cheaper? If still not, what price is fair?
wsoon82
post Jan 22 2018, 08:58 AM

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QUOTE(icemanfx @ Jan 20 2018, 04:55 PM)
We are now in 2018, 2017 number is the latest available and closest to current.

Property investment is a zero sum game, vendors sold in 2016 were happy, what about buyers? Current price is irrelevant to those vendor that had sold but not current owners.

Average may not be individual unit price but is indicative or generalized. Individual price could be higher as well as lower than the average price.

At current market sentiment with rising bank interest rate and liquidity tightening, property price is on down trend. In buyers market, fair price would be the price buyer is willing to pay.
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I am also waiting for that "down trend" to grab one more property, but it is really not easy to get one property that is more value for money than before, and that I like.
When people keep hooha about property bubble, they forget that they need to get themselves prepared to buy when the time come. From experience, I think it is unrealistic to believe I can get the unit I like at much lower price in future, slightly lower may be.
wsoon82
post Jan 22 2018, 10:34 AM

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QUOTE(icemanfx @ Jan 22 2018, 09:19 AM)
In the long term, residential property price rise at about inflation rate; nominal value needs not drop for real value to be cheaper.

Most bought property with bank loan, marginal price rise below loan interest incurred in the same period is a financial loss.

Property investment is a zero sum game, vendor's gain is buyer's loss and vv.
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It is not a zero sum game, I am willing to buy a property from you at higher price if I see the value, you gain money and I gain return from rental, or just a future home for my kids, or if I choose to stay there, I gain the space, convenience etc. for my family, and it becomes a place called HOME.
I am not sure how old are you, but when I was married many years ago without our own property, we realized the importance to have a place called HOME.
Back to cyberjaya, when all the lands are used up, people can only move further away from there for example dengkil. If property price is tied to inflation, would anyone think their salary can increase according to inflation rates? Property will become more and more unaffordable.
wsoon82
post Jan 22 2018, 11:40 AM

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QUOTE(icemanfx @ Jan 22 2018, 11:00 AM)
"Home" is the utility value owning/renting a residential property.

If one approach KLIA from the north (by air) could observe amount of land available between cyberjaya and Puchong, and surrounding area. It will takes many years for these lands to be used up. Besides, redevelopment is an option; hence, established cities (e.g. KL, PJ, London, New York, Shanghai, etc) has yet to run out of land for development.

People wages didn't rise inline or faster than inflation rate is another subject altogether.
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Home is a place you can do anything you like for example paint the colour you like etc. and do not need to worry rental increase or kick out by the owner one day.
Do you think those new development or redevelopment will become more affordable?
When I asked my friends in Beijing why the property there is one of the most expensive in the world? I was told one of the key reason is land is limited and not all lands are suitable/useable to build property.
Developer actually start developing the land between cbj and puchong, for example a landed development called Myra, you can visit there and tell us if it becomes cheaper? By the way, it was selling surprisingly good.

wsoon82
post Jan 22 2018, 03:05 PM

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QUOTE(icemanfx @ Jan 22 2018, 01:08 PM)
Kv will not reach Beijing gdp, population or gdp/capital in next 20 years. If you insist to compare with Beijing will find relative property price in 3rd ring road (i.e kl) and 5th ring road (i.e cbj) in Beijing, current cbj price is unsustainable and way over priced.
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One day, if cbj price reach those in 5th ring road, our kids will suffer and ask why his parent never invest in property smile.gif

Don't forget cbj offer freehold property but China is not.

There were a lot of "ghost town" tagged by people, no point to argue as time will tell.

If you think cbj is overpriced and no future, please skip and move on. Don't waste your time on cbj.
wsoon82
post Jan 22 2018, 04:20 PM

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QUOTE(BEANCOUNTER @ Jan 22 2018, 03:53 PM)
if your kids grow up thinking parents will buy them property or have one ready for them, then you need to replace your kids with more down to earth kids.

whats next after given the house to them? they want to have your saving and wealth as well.....

teach your kids to fish, not given them fish.
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Sometimes, I also ask my parent why they didn't buy more lands when it was so cheap, it doesn't mean I want their lands, although it is good if they give more to me smile.gif

The problem is, fishing become more and more difficult. We can give nothing to our kids, how about our own retirement life?

This post has been edited by wsoon82: Jan 22 2018, 04:27 PM
wsoon82
post Jan 22 2018, 04:34 PM

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QUOTE(Zavia/GenX @ Jan 22 2018, 03:32 PM)
Its not a zero sum game.
My property from 200k go to 300k, tell me who lost out on 100k when I sell? Before that 200k, it was 40k before development, and before that 15k before a road came by. (numbers are not actual, just for example)

I agree that "Home" not really related to zero sum theory part of it, but if you gotta pay rental, might as well pay to yourself no?

If you are prepared, its possible. I use my uncle as example. Some time back he leverage mati mati and for some reason did not want to unload it. I cant recall the exact details, but due to one property deal that didnt go thru, he couldnt pay others which had a domino effect until bankrupt. Some he been paying for a while (rented it) also mati, those went cheap cos if it was worth 1mil, and he already serviced 35%, the bank sold it for way below 1mil. then that money went into other debts that were recalled/late and they also sold and so on... (dont know exact numbers, details never discussed)

If you wanna wait for cheap, you have to prepare for it, and wait for teruk teruk economy then can. But you yourself must be careful of your own existing assets.

Alternative was like a relative, bought a cyberjaya condo at x year with x-3 year price (basically developer price) cos the original owner had financial/financing issues. By then it was a few months to completion and the surrounding was more developer... confirm make money. No insider contact, just normal asking their sales people at right time. Renting well now. I was like, walau anymore for me or not?
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Those good lobang always kena sapu very fast. I agree with you, always get ourselves prepared, buy what we can really afford.
wsoon82
post Jan 22 2018, 05:30 PM

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QUOTE(icemanfx @ Jan 22 2018, 04:39 PM)
Taking 20+ years condo in kl and cbj, current nominal price is probably lower than real price and less desirable to live . if similar market perception continue, to buy for next generation may not be wise.
When vendor paid $200k and sold $300k, vendor's gain of $100k is buyer's loss in zero sum game. Similarly for your cbj purchase i.e. vendor's loss is your gain.
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The new strata act is becoming better and better and does help to enforce the maintenance of condo.
The apartment I used to rent in kota damansara was bought at about 90k by the owner back in about 15 years ago. It is now selling at 360k. how about all the rental collected by the owners all these years?
If you take out an 10 years old newspaper and look at those property advertisement, you will rush to buy them if they are selling at that price now.

This post has been edited by wsoon82: Jan 22 2018, 05:47 PM
wsoon82
post Jan 22 2018, 05:36 PM

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QUOTE(icemanfx @ Jan 22 2018, 05:20 PM)
How will ccc transform cbj? Add more shopping mall space to oversupply in kv? Mrt will complete in 2022, how many flippers could sustain until 2022?
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Actually I like the cyberjaya as is. I will probably move to other place if it is becoming too crowded.
I told you, without mrt, people can still take train to Kl using klia transit.
wsoon82
post Jan 22 2018, 06:32 PM

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QUOTE(icemanfx @ Jan 22 2018, 06:27 PM)
Which city, town or area prosperous without been crowded?
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Because I buy cbj for own stay. It is good for my family as is.
wsoon82
post Jan 22 2018, 08:36 PM

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QUOTE(BEANCOUNTER @ Jan 22 2018, 08:19 PM)
When has land become cheap?

If they dun need to feed and dress you everyday maybe they are  millionaires now.

Nothing is easy....before now and future. If its so cheap before why then not everyone is millionaiires by now....
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You probably have to ask your parent what was the land price at that time. It was affordable and they would buy more if they know the price today.

My parent are still millionaires although they have to feed me, and I know they value me more than money. In my kampung, they are too many hidden millionaires.

You seems never talk to old people, compare their life and ours, and you know we are much tougher to own a property. Our income vs property price. The future will only be tougher, if you don't take action now.

By the way, if you don't want to leave property to your kids because you afraid you will spoil them. I don't mind if you give them to me or my kids to spoil us. smile.gif

This post has been edited by wsoon82: Jan 22 2018, 08:43 PM
wsoon82
post Jan 29 2018, 04:44 PM

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QUOTE(fantasticCc126 @ Jan 29 2018, 11:39 AM)
Cristal 3 storey Villa Superlink auction price from RM823k indeed a good buy over all the completed houses in Cyberjaya. Even SP Setia new launches 2 storey at RM960k (22x80)
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960k is nett after discount or before discount?
wsoon82
post Jan 29 2018, 05:20 PM

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QUOTE(fantasticCc126 @ Jan 29 2018, 04:57 PM)
Nett price for non-bumi.
Bumi price is RM866k

They actually have 22x80 and 24x80 but the latter one fully sold
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Oh thank you.

I went to view the isle of kamares 1-2 years ago, I think this latest JOG offers much better value for money. The only complaint for SEG is they don't build bedroom at the ground floor, inconvenient if we hurt our legs or have old people in the family.
wsoon82
post Jan 30 2018, 11:45 AM

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QUOTE(icemanfx @ Jan 30 2018, 10:10 AM)
Mean vendor is incurring losses on bank interest.
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Don't forget you get to stay there or rent it out last few years. Plus I doubt the total cost of ownership is cheaper to buy now compared to few years ago from developer, considering the lawyer fees and tax that you have to pay. Plus good product like SEG will appreciate in the long term, when you realise, you already can't afford them...

This post has been edited by wsoon82: Jan 30 2018, 11:48 AM
wsoon82
post Feb 23 2018, 03:49 PM

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QUOTE(topearn @ Feb 23 2018, 02:35 PM)
I fully understand the objection of strata act. It'll be RM50K soon for bankruptcy.
But even now, there is nothing U can do if defaulters don't pay - as their house is vacant. That's Y I see a long list of about 20 defaulters in Lepironia East Garden which has only about 100 semi Ds.

Now easier to take action on defaulters ? Ask Ah Long gangsters to go splash red paint on the house they r staying ?
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There are many things can be done on defaulters including blacklisting them in the CTOS and CCRIS, bring them to tribunal, etc. Plus the high interest rate up to max 10% per year on the late payment.

Don't be a defaulter.

This post has been edited by wsoon82: Feb 23 2018, 03:55 PM
wsoon82
post Feb 23 2018, 11:06 PM

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QUOTE(topearn @ Feb 23 2018, 09:22 PM)
I thought only financial institutions are able to blacklist individuals for not paying thier credit card bills or housing loans, car loans, etc ? It's messy and subject to abuse if any company like developer, can do that. Didn't pay your indah water bills - will IW go blacklist U ? What about Maxis, Astro bills, etc ? They can't blasklist U, right ?
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I am sure jmb can blacklist defaulters because I am part of a jmc. This will involve some fees. So be careful to those defaulters.
Such information can be easily found via goggle. The strata act is really become better and better.

This post has been edited by wsoon82: Feb 24 2018, 12:04 AM
wsoon82
post Mar 9 2018, 03:25 AM

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QUOTE(AskarPerang @ Mar 7 2018, 09:48 PM)
Come those looking for landed unit. No taker. Pics below is actual pics of the unit.

3 Storey Superlink@ Cristal Serin, Cyberjaya

Land 1916sf, Built up 3075sf, 5rooms 4baths, Freehold
Market Value: RM1.2mil.
New reserve price: RM823K
Auction Date: 26 Mac 18
*non bumi unit*

user posted image
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I thought they only have 22x80 for intermediate unit? This one the land is 1916sf?
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.
wsoon82
post Apr 13 2018, 12:38 PM

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QUOTE(icemanfx @ Apr 13 2018, 12:25 PM)
With so many units available for rental, sure can get good rental income?
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I also think the condo/apartment in cbj is oversupply. But just recently a friend told me she rented out her pr1ma apartment in cbj at pretty good price, I know pr1ma can't be renting out but anyway. I should explore this part of market more...

For the landed property, it is still selling very well for the new launches. Just pay a visit to some landed properties launched recently and you will understand.

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