Welcome Guest ( Log In | Register )

133 Pages « < 127 128 129 130 131 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
AskarPerang
post Jul 7 2019, 06:45 PM

~tUPaI...~
*********
All Stars
23,136 posts

Joined: Aug 2007
From: Outer Space



Source of article: https://www.orientaldaily.com.my/news/xilie...19/07/07/297185
Translation via google:

Want to buy an auction house?
After 6 auctions, the price of 900,000 new homes fell by as much as 46%.

The auction houses are old, broken, haunted, and even splashed with red paint at any time, not worth buying? Not necessarily, in recent years, many new homes have been auctioned. For example, in Kuala Lumpur, a newly built luxury apartment unit failed to auction at the market price of RM900,000 for the first time. After six auctions, the price has dropped to RM490,000, a drop of 46%.

As the housing market slows down, more and more newly built units have been auctioned, and no one has ever lived in the new housing units, and it is much cheaper than the market price.

One example of Wu Zhiqiang, one of the founders of Act Fast Real Estate Agency, was interviewed by Oriental Daily. The above auctioned example was a 911 square foot unit at Abang M City Apartment.

He said that another example of a new home auction was the Arte Plus apartment, which had its first auction price starting at RM800,000. After several rounds of auctions, it has now fallen to RM400,000. "The most serious decline is in Cyberjaya. The auction price can be said to have collapsed. If the developer sells a house of RM80 to RM900,000, it will only fall to around RM300,000."

He explained that this is because Saicheng's local population is sparse, and many homeowners are buying and renting instead of self-occupation, resulting in a sharp drop in local housing prices. Some 1400 square feet of unit prices have fallen to RM380,000.

“Some new apartments have been auctioned for a year to a year and a half, resulting in many people not buying the developer’s house and choosing to buy new ones in the auction market.”

I can't afford to auction

He said that the best-selling auction house in Kuala Lumpur today is an apartment unit with a price range between RM400 and RM500,000, and many of the units are new. “The trend of new homes being auctioned is becoming more and more obvious this year. It is estimated that almost 200 new homes will be auctioned this year in the area of ​​the Selangor.”

He said that there are similar conditions in Penang. For example, the market price of The Clovers is about RM700,000, but the auction price has dropped to RM500,000, while the price of Arte S has dropped from RM800,000 to RM500,000.

“There are about 30 new homes auctioned in Penang this year.”

He analyzed that these homeowners may not have to pay for the first time when they bought a house, and thought that after the house was built in three to four years, the salary would rise, and the salary would not rise too much, and they could not rent it. Mortgage has led to an increase in the number of auctions.

"If you buy yourself, it is a good time now, because the quantity is very large, it is very cheap, and the house price has almost fallen to the bottom."

Sun Zikai, former president of the Penang Auctioneers Association, said that there are many new homes in Penang that are being auctioned, such as Arte S serviced apartments near the University of Science. After the construction, several houses were auctioned, such as an area of ​​1,262 square feet. The unit of the ruler was sold on January 11 for RM607,500.

"This kind of house was auctioned after it was built and taken into the occupation paper. It has not been moved in and lived."

He added that the reason for fewer buyers of serviced apartments also includes commercial units, so local taxes, house tax or water and electricity are more expensive.

Second-hand housing slow-moving new home buyers more choice

The auctionGuru.Com.My auction information network founder Xie Lianyi believes that now is the buyer's market, because the buyers have too many choices, so the price of new homes being auctioned will fall.

He explained that buyers have many choices, in addition to auction houses, as well as new homes sold by developers, including slow-moving homes, and can also buy houses through the ordinary second-hand market.

“The new houses being auctioned are now on the rise, and the number is quite large. For example, M City and Arte Plus apartments, Wansuo and Sungai Buloh also have some landed properties, which are sold at prices below 30% to 40%. ""

He said that some units with a market price of RM900 to RM1,000 per square foot also fell to RM600 to RM700.

He analyzed that in the past, the houses that were generally auctioned were low-priced houses, but in recent years, high-priced houses were more common than ever.

He explained that the previous housing market was relatively stable, so in the economic storms of 1997 and 2008, the low-income groups were mainly affected by the auction.

“But after 2008, the general public changed the speed of industrial value-added. Many houses were sold very well at the time of promotion, and the price also rose very quickly. So many people bought houses, but as the economy was not good, some people got on it. 'The tail bus', the house price began to fall."

Sun Zikai said that some of the new housing units he auctioned were not sold for three times. He believes that this is because the auction house still needs to compete with the new property, the developer now offers many offers, and the house broker also strives to promote the developer's unit.

The number of high-end apartment auctions doubled in 3 years

According to AuctionGuru's "2018 Auction Market Annual Report", the number and value of high-end apartments that were auctioned in China in 2018 have more than doubled in 2015.

According to the report, the number of condominium units being auctioned increased from 1,142 in 2015 to 2,407 in 2018, and the market value increased from RM 659 million to RM 1.39 billion, both of which increased by 111%.

The high-end apartments that were auctioned in 2018 cost an average of RM580,000 per room.

The apartment is still the most expensive type of high-rise building. In 2018, a total of 6,863 apartments were auctioned, with an average price of RM200,000 per room.

However, the increase in serviced apartments or suites is the most amazing! In 2015, there were only 102 units with a total value of RM33 million, but in 2018 it has risen to 1797, with a total value of RM 826 million, with a 16-fold and 24-fold increase in quantity and value, respectively.

According to the report, the number of high-rise buildings being auctioned is large, or due to oversupply and low rental returns, more homeowners and investors are giving up their mortgages.

“High-rises are easier to sell in the auction market because of lower prices, higher facilities and rental returns than those in landed houses.”
dragenet
post Jul 13 2019, 10:31 PM

Getting Started
**
Junior Member
164 posts

Joined: Nov 2004


QUOTE(Kaypoh @ Jul 6 2019, 02:13 PM)
I think most people i know who are interested to live in cbj are young families. But those who have family probably prefer to own a house instead of renting. And they can own a house in other area at cheaper price. I would say if cyberjaya has more landed that offer midrange price, those families would actually buy and stay here. But because most landed house in cbj so far priced 800k above, not many young families can afford. And most apartments in cbj are having small sqf n studio layout. Its just wrong type of house supply here in cbj
*
I think this is quite spot on. That explains why a few recent Cyberjaya landed projects are so successful. the price range from 650k onwards. Snapped up within 2 days.
lanjiecafe
post Jul 18 2019, 09:14 PM

Getting Started
**
Junior Member
107 posts

Joined: Jun 2015
I do like Cyberjaya and always long to buy a house there, but can't afford them 🤣😅 I guess probably I can wait a few more years, so more and more affordable houses will be around.

Anyway Propcafe "Cyberjaya, Love It or Hate It" is a good read. High rises are obviously over supply. Taking into consideration of more and more will be VPed coming two years, including Prima and Rumah Selangorku, I believe the rental price will be in downward trend. Property price won't hike, at most be stagnant or even worse.

Only expats and foreigners with student visa (not sure if they really study here or do some other businesses) can afford to pay high rent.

Normal salary people of Msia citizenship would go for cheaper options. And those higher-ups management who can afford to buy or rent would have already owned a house elsewhere. If not, they go for landed.

Am not really that optimistic with the so-called good investment in Cyberjaya unless one has at least 10 years holding power. Just my opinion. I agree it's good for own stay though.

This post has been edited by lanjiecafe: Jul 18 2019, 09:16 PM
BEANCOUNTER
post Jul 19 2019, 10:03 AM

20k VIP Club
*********
All Stars
20,146 posts

Joined: May 2011
QUOTE(lanjiecafe @ Jul 18 2019, 09:14 PM)
I do like Cyberjaya and always long to buy a house there, but can't afford them 🤣😅 I guess probably I can wait a few more years, so more and more affordable houses will be around.

Anyway Propcafe "Cyberjaya, Love It or Hate It" is a good read. High rises are obviously over supply. Taking into consideration of more and more will be VPed coming two years, including Prima and Rumah Selangorku, I believe the rental price will be in downward trend. Property price won't hike, at most be stagnant or even worse.

Only expats and foreigners with student visa (not sure if they really study here or do some other businesses) can afford to pay high rent.

Normal salary people of Msia citizenship would go for cheaper options. And those higher-ups management who can afford to buy or rent would have already owned a house elsewhere. If not, they go for landed.

Am not really that optimistic with the so-called good investment in Cyberjaya unless one has at least 10 years holding power. Just my opinion. I agree it's good for own stay though.
*
may I know what scientific model you adopted to derive at the 10 years holding power?
lanjiecafe
post Jul 19 2019, 01:45 PM

Getting Started
**
Junior Member
107 posts

Joined: Jun 2015
QUOTE(BEANCOUNTER @ Jul 19 2019, 11:03 AM)
may I know what scientific model you adopted to derive at the 10 years holding power?
*
Haha. No scientific model. Just my personal opinion. Just reading through the Propcafe 2013 article and comparing the current state of Cyberjaya. Do you think there's any significant increase number of population after 6 good years? And do you think there's significant hike in property price (not referring to the paper value)? After 6 good years, most commercial activities are still targeting daytime working population. Dpulze is the most active out of the malls listed in Propcafe article, following Shaftsbury Square (most shops are still empty though), and probably now some people at Tamarind Square. The rest are still basically hanging over there. Unless we are seeing more and more companies being set up here and there is increase of student population, I doubt much change one can anticipate in coming few years.

Let us hope economy is thriving and all can get pay rise k! Cheers!
BEANCOUNTER
post Jul 19 2019, 03:33 PM

20k VIP Club
*********
All Stars
20,146 posts

Joined: May 2011
QUOTE(lanjiecafe @ Jul 19 2019, 01:45 PM)
Haha. No scientific model. Just my personal opinion. Just reading through the Propcafe 2013 article and comparing the current state of Cyberjaya. Do you think there's any significant increase number of population after 6 good years? And do you think there's significant hike in property price (not referring to the paper value)? After 6 good years, most commercial activities are still targeting daytime working population. Dpulze is the most active out of the malls listed in Propcafe article, following Shaftsbury Square (most shops are still empty though), and probably now some people at Tamarind Square. The rest are still basically hanging over there. Unless we are seeing more and more companies being set up here and there is increase of student population, I doubt much change one can anticipate in coming few years.

Let us hope economy is thriving and all can get pay rise k! Cheers!
*
I believe the prices in Cyberjaya either hold or decrease...…

do you know how much you need to foot out even if its hold the price????? don't say 10yrs....even price stagnant for 5 yrs, you will need the next 5 yrs to increase in prices to BREAK EVEN of your investment in CJ, basically the last 10 yrs, you make nothing. this model is assuming yr price is stagnant. If your price is depreciate in value. you probably will need to hold even further.
AskarPerang
post Jul 20 2019, 02:55 PM

~tUPaI...~
*********
All Stars
23,136 posts

Joined: Aug 2007
From: Outer Space



QUOTE(AskarPerang @ Jul 8 2019, 12:34 AM)
Another cheap lelong house check in. This time is banglo lot.
End lot banglo with extra land. Intermediate banglo unit only 20"X80" = 4800sqft land area.

67, Jalan GR 3/2, Jacaranda Garden Residence, 63000 Cyberjaya, Selangor
Reserve price: 🔥🔥RM 1,540,000🔥🔥 (Bank value at 2.35M @ 1st auction price)
Freehold
Land area: 7212 sqft
Built up: 4541 sqft
Auction : 20-Jul-2019 (Sat)

user posted image
*
Attracted 4 bidders.
This house sold just now at 1.66M.
Good catch. thumbsup.gif
AskarPerang
post Jul 28 2019, 01:15 AM

~tUPaI...~
*********
All Stars
23,136 posts

Joined: Aug 2007
From: Outer Space



Another lelong unit available at below 400k.
From the famous aunty Teh. Should be here last few units in the lelong market now.
This unit from Maybank.
Full list can refer here: https://forum.lowyat.net/index.php?showtopi...post&p=92475531

A-03-02, Block Amethyst, Cristal Serin Residence
Reserve price: 🔥🔥RM 385,000🔥🔥
Freehold
1521 sqft
Auction : 22-Aug-2019 (Thu)
*Non bumi lot

» Click to show Spoiler - click again to hide... «


AskarPerang
post Aug 7 2019, 04:35 PM

~tUPaI...~
*********
All Stars
23,136 posts

Joined: Aug 2007
From: Outer Space



QUOTE(AskarPerang @ Jul 25 2019, 06:16 AM)
Another bumi lot unit from Mozart drop to 853k (5th round auction).
Will this unit drop further same like the above unit?

3 storey terrace (intermediate unit)
13, Jalan Mozart 2, Symphony Hills, Persiaran Simfoni, Cyber 9, 63000 Cyberjaya
Reserve price 🔥🔥RM 853,000🔥🔥
Freehold
Land area: 1420sqft
Auction date:  31-Jul-2019 (Wed)
*BUMI lot

Previous Auction(s) for this property
Auction Date  Price
2019-06-28  RM947,700.00
2019-05-27  RM1,053,000.00
2019-04-26  RM1,170,000.00
2019-03-28  RM1,300,000.00

Drop from 1.3M (bank value)

» Click to show Spoiler - click again to hide... «

*
Unit sold at reserve price 853k last week.
Single bidder won unchallenged.




capix
post Aug 13 2019, 04:35 PM

Casual
***
Junior Member
467 posts

Joined: Mar 2006

QUOTE(AskarPerang @ Aug 7 2019, 04:35 PM)
Unit sold at reserve price 853k last week.
Single bidder won unchallenged.




*
good catch?
AskarPerang
post Aug 15 2019, 10:48 PM

~tUPaI...~
*********
All Stars
23,136 posts

Joined: Aug 2007
From: Outer Space



Well, after Villa Cristine house above drop price a lot.
Now we have Villa Diamond house. Drop from 1.4M.

See the layout here: https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf
Got 4 storey actually. Come with LG basement floor.

19, Villa Diamond B, Jalan CSR 3, Cristal Serin Residence
Reserve price 🔥🔥RM 826,740🔥🔥
Freehold
Intermediate unit
Land area: 22" X 80"
Built up: 3698 sqft
Auction: Mid Sep 19

Actual house pics:

» Click to show Spoiler - click again to hide... «


Previous Auction(s) for this property
Auction Date Price
2019-08-15 RM918,600.00
2019-07-17 RM1,020,600.00
2019-06-18 RM1,134,000.00
2019-05-16 RM1,260,000.00
2019-04-17 RM1,400,000.00
se800i
post Aug 16 2019, 09:15 AM

Regular
******
Senior Member
1,893 posts

Joined: Nov 2008

QUOTE(AskarPerang @ Aug 15 2019, 11:48 PM)
Well, after Villa Cristine house above drop price a lot.
Now we have Villa Diamond house. Drop from 1.4M.

See the layout here: https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf
Got 4 storey actually. Come with LG basement floor.

19, Villa Diamond B, Jalan CSR 3, Cristal Serin Residence
Reserve price 🔥🔥RM 826,740🔥🔥
Freehold
Intermediate unit
Land area: 22" X 80"
Built up: 3698 sqft
Auction: Mid Sep 19

Actual house pics:

» Click to show Spoiler - click again to hide... «


Previous Auction(s) for this property
Auction Date  Price
2019-08-15      RM918,600.00
2019-07-17  RM1,020,600.00
2019-06-18  RM1,134,000.00
2019-05-16  RM1,260,000.00
2019-04-17  RM1,400,000.00
*
unit sold?
AhBoy~~
post Aug 16 2019, 12:46 PM

Regular
******
Senior Member
1,134 posts

Joined: Feb 2009


QUOTE(se800i @ Aug 16 2019, 09:15 AM)
unit sold?
*
Auction: Mid Sep 19
William W P
post Aug 19 2019, 02:27 PM

New Member
*
Probation
9 posts

Joined: Aug 2019
Actually, If you guys are interested in Cyberjaya, maybe can also consider Taman Equine cos it's only 8min to CJ. Plus points are Taman Equine is a more mature and happening town especially during night time. More local hawkers mean more cheap foods and nearby amenities is quite complete for our daily lives requirement.

There is a project link bridge next to AEON Mall called Equine Residence.
se800i
post Aug 20 2019, 10:10 AM

Regular
******
Senior Member
1,893 posts

Joined: Nov 2008

QUOTE(William W @ Aug 19 2019, 03:27 PM)
Actually, If you guys are interested in Cyberjaya, maybe can also consider Taman Equine cos it's only 8min to CJ. Plus points are Taman Equine is a more mature and happening town especially during night time. More local hawkers mean more cheap foods and nearby amenities is quite complete for our daily lives requirement.

There is a project link bridge next to AEON Mall called Equine Residence.
*
i knew about that.... but the layout floor plan i didnt like it.... I am looking for own stay la...not for investment.... How about investment?
drbone
post Aug 25 2019, 07:58 PM

Regular
******
Senior Member
1,729 posts

Joined: May 2011
QUOTE(William W @ Aug 19 2019, 02:27 PM)
Actually, If you guys are interested in Cyberjaya, maybe can also consider Taman Equine cos it's only 8min to CJ. Plus points are Taman Equine is a more mature and happening town especially during night time. More local hawkers mean more cheap foods and nearby amenities is quite complete for our daily lives requirement.

There is a project link bridge next to AEON Mall called Equine Residence.
*
R U an agent?
birdler P
post Aug 25 2019, 08:00 PM

New Member
*
Probation
12 posts

Joined: Aug 2019
all brother n sister, there is a property edusphere at cyberjaya...is it good for investment? im not familiar with that place.
shyityng
post Aug 25 2019, 10:16 PM

Getting Started
**
Junior Member
170 posts

Joined: Jun 2011
Yes yes. Very good. Buy buy buy
icemanfx
post Aug 26 2019, 06:44 PM

20k VIP Club
*********
All Stars
20,792 posts

Joined: Jul 2012



Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
There is no shortage of development or land in or near cbj.

This post has been edited by icemanfx: Aug 26 2019, 06:49 PM
Loen
post Aug 27 2019, 02:51 AM

Getting Started
**
Junior Member
175 posts

Joined: Aug 2015


The availability of residential/mixed/commercial/institutional/industrial development land is more or less a certainty. One can superimpose the latest map on the MPS Zoning Plan and derive their own conclusion.

user posted image

133 Pages « < 127 128 129 130 131 > » Top
 

Change to:
| Lo-Fi Version
0.0222sec    0.11    6 queries    GZIP Disabled
Time is now: 28th March 2024 - 11:08 PM