That's strange. I wonder if it's a typo, I can't find any mention of a 2023 date anywhere else, least on the MRT official website. That The Star article doesn't mention any delay either. Seeing the advance of the construction on the southern end of the line (already building the stations), it doesn't seem another 3 years is required (I'm not sure how you come up with 4-5 years; we're 1+ week away from 2020 already).

As for Cyberjaya not surviving, I'm puzzled by your question. Don't you live in Cyberjaya? You should know better...

1. it is possible that the MRT website has not updated yet, corporate websites can sometimes be slower than the news. For now you can take whatever is reported across the news channels at face value. Not to mention this report is more than a month old and no corrections have been made since then

2. Yeah i live in Cyberjaya, still empty condos and empty commercial lots. Since SH sold the smaller parcels to the smaller developers about 8 years ago, every developer raced to erect their condos and mixed development. Buyers bought at future prices then, which never materialized due to the economic slowdown and over supply.

Not disagreeing with you on any of the points you raised, and I got no crystal ball nor insider knowledge on the MRT. It wouldn't be the first time such a project gets delayed, on the other hand the first MRT line got delivered 6 months ahead of schedule, so anything is possible. I would rather indeed wait for any official update, or other news outlet to report the same, rather than speculate.

As for Cyberjaya itself, it's still better off today as a place to live in than it used to be. We certainly have more choices for shopping and eating. It's a slow progress, but it's still progressing nonetheless. Too many units built too quickly, that's a fact, but the population is growing so they will eventually be filled in. I'm staying in the west end of Cyber, and lots have improved there these past few years: Tamarind square, SJKC, more family-oriented condos and villas, the hospital nearing completion, etc. Lots of positive developments.

This post has been edited by cedm: Dec 20 2019, 12:00 PM

VEga residensi? I was in Domain 5 a few years ago until the Chinese scammers came. I left for something closer to Dpulze. Now that the Chinese have left or caught by the authorities I heard the owners are having so much trouble filling their units back in. Good local stores were taken over by the Chinese merchants to cater to the scammers, and they have closed their shops as well.

LakeFront Residence actually. I'm mostly referring to SEG, LFR, LakePoint, Tamarind Sq, etc. when I say west end. Vega, Domain, etc. are mostly lower-end, rental focused I reckon, no much of an interest for me. Restaurant-wise, I hang around Tamarind, Dpulze, 3rd Avenue, Prima, Kanvas. Good stuff there.

Vega is actually west-side and Domain is in the south side. I find foods in Tamarind too hipster for me, I prefer the more family-oriented Dpulze.

Those Lakepoints are having a difficult time to sell, always see agents from real estate agencies trying to push them in Dpuzle in the past few years. A good condo would have sold out long ago. Oversupply, and all developers want to maximize their investments and built super-high condos. Cyberjaya was supposed to be well-planned, but I guess it has failed that for now.

They say there is a limit of just 4000 landed houses here, but they never said anything about high-rise. They definitely need the feeder bus or tram now, to connect to the MRT in northern Cyber.

Did you know that there was a plan for the MRT station to be built near that Tamarind? Do you see the large 6-lane road that connect that area to Setia Ecoglades? That was reserved for the MRT station, but seeing that Cyberjaya not being a successful town they changed plan and built the MRT on the further side of the town, and that was only because it was on its way to Putrajaya.

This post has been edited by wild_card_my: Dec 20 2019, 12:42 PM

I bought Cyber for own stay, knowing well how many condos were planned to be built, so it never bothered me. Dense developments also have their advantages: convenience of having everything close by. That's not quite true in Malaysia where everything seems to be designed to sell cars, but that's another story I guess.

I didn't hear about having MRT stations right in the middle of Cyber. I thought the original plan was for the MRT2 was to go straight to Putrajaya from Serdang, without going through 16 Sierra and Cyberjaya. I did read about trams linking Kajang, Putrajaya and Cyber though. That'd be better than nothing but I'm not holding my breath. Public transport isn't taken seriously in this country, somehow we need a 3rd national car....

The MRT station near tamarind definitely was in the older master plans. These things changed and this is what we have today (no MRT station there). But you can see the legacy remain (the 6-lane road)

For own stay its ok, but what if you need to dispose it to move elsewhere? That is why i only rented here. Would have made so much loss had I bought, even for own stay as the prices as well as rental only dropped since 4 years that i started renting here

Rental yields have definitely gone down. I bought a dual key unit for the very reason you highlight, it gives me flexibility if I need to rent it out (i.e. rent the unit as a whole, or the 3 bedrooms' and studio separately). I bought well within my means, so I don't have to worry about loan repayments, I could leave it vacant or take my time to sell it. I kept my options open and liabilities low.

This post has been edited by cedm: Dec 20 2019, 02:31 PM

You have holding power, good for you

Unfortunately a good number of property buyers don't, that's why you see a lot of management defaults and lelong units, not just in Cyberjaya.

My beef is with people who trash talk the project/location they bought when the yields doesn't match their unrealistic expectations. Like flipping for profit when the project just VP, or hope people will line up to rent at a price that covers both loan repayment and maintenance fees. As if doing property investment required no money and the only effort was to sign the SPA... All these auction units within months of VP are just about buyers' greed. Deep down they knew very well they couldn't afford them, but somehow thought money would fall out of the sky. These people are gamblers, not investors.

Cyberjaya pigeon hole lelong results:

Unit sold at reserve price 174,960.
Single bidder won unchallenged.






Unit sold at reserve price 202,500.
Single bidder won unchallenged.
Occupied unit. No info who staying.
But the owner got another unit at Citizen, possible awaiting to enter lelong market as well.







2 lelong units from The Place sold this week.
Both sold at below 180k.
Really price drop a lot here even with a confirm MRT2 station at walking distance.
Downstairs commercial no business. Building maintenance also out.

Unit 21-07 drop to 381k yesterday and sold at reserve price 381k.
Single bidder won unchallenged.
Very good catch.
Bank valuation 580k. Sold at 200k below bank value.


Got another 2 cheap units incoming next month.

T2-08-3A, Third Avenue @ Cyberjaya
Reserve price🔥🔥RM 256,000‬🔥🔥
Freehold
667 sqft
Auction: End of Jan 2020
*No idea the layout coz this unit located at facility level (level 8).

T1-10-07,Third Avenue @ Cyberjaya
Reserve price🔥🔥RM 373,000‬🔥🔥
Freehold
982 sqft
Auction: End of Jan 2020





Lelong transacted history:
1. T1-22-12, 775sqft, RP 338k, sold at 348k.
2. T2-27-08, 767sqft, RP 364.5k, sold at RP.
3. T1-21-07, 982sqft, RP 381k, sold at RP.

The oldest master plan was to include a LRT from Putrajaya to Cyberjaya, this was planned since the inception of Putrajaya and Cyberjaya. You can still see the some of the infrastructure that was constructed around putrajaya sentral and LRT bridge crossing putrajaya lake.

Yes this LRT line had a station near street mall, but the plan was scrapped under Badawi's regime due to budget issue.

MRT has never been planned going through Cyberjaya town. It will be great if government revive the LRT project, and further extend it to Kajang MRT. This will connect Cyberjaya town area to Putrajaya sentral, then to Putrajaya and Kajang.

Dude where did you get this info about MRT in cyberjaya town? Based on hearsay and never verify these information, then simply draw a conclusion without concrete facts. Very typical of you.

Lol.

I think it's supposed to be monorail, not LRT also.

Anyway the one in Tamarind should be tram right? though it's just rumours or some initial proposal many years back.

You are right! I think it was the LRT due to the age of the master plan, and that MRT probably wasn't even in its inception

Btw, the LRT that connects Cyber to Putra to Kajang that you are referring to is currently being considered for revival correct? I remember someone discussing that in a thread a few months ago. Currently there is a lot of traffic between Putrajaya and Kajang (a lot of government staff reside in the east side of Putrajaya), this should serve them well. Cyberjaya residents can tumpang too, and this will help the city quite a bit

I have a client who was involved with the Cyberjaya master plan. I met him recently but he was in it many years ago. I guess it was meant to be LRT and not MRT then, since the MRT is much more recent than Cyberjaya

In anycase, you do not have to be so triggered about my comments. It turns out the governments of Badawi, Najib, and resurgent Tun M have all given up on Cyberjaya. If you have any beef please take it with these premiers, all of whom are still alive, if you want to insult them personally up their faces.

It wasn't me who made Cyberjaya the ghost town that it is now, it was people who (mis)planned and (mis)build the city that are at fault. As a (tenant) resident of Cyberjaya, I am enjoying the very low rentals (vs the commitments that purchasers have to pay each month) while posting a report of my observation of this city.

I have received plenty of compliments by property investors regarding to the on-the-ground situation of the city. Some have diverted their investments elsewhere especially after I showed them the numbers from property websites like Brickz, documents of maintenance defaults in high-rises all over the city, etc. I did not lie nor do I have interests in the appreciating nor depreciating values of the units in the city.

However, if I were a newbie in properties, I would appreciate someone like myself sharing the things to look out for when buying my (first) properties. I would like someone to share these things:

1. Capital appreciation
2. Rental yield
3. Maintenance defaults and its effects on the facilities
4. Influx of people who are not desirable (when I mentioned the Mainland Chinese invading Domain 5, a lot of people with vested interests in Cyberjaya called me racists. Yet I was vindicated when it was shown that these people were scammers; they came and stayed here illegally without the correct travel documents - they needed work visa which they obviously didn't have)

I noticed that Cyberjaya investors are very vicious against people criticising their city. These levels of viciousness do not appear from investors in other cities like Puchong, Shah Alam, subsets of PJ, Rawang, etc. I can criticize (with merit) those cities and they would remain calm, as if they accept that their cities are not perfect, but there are other redeeming qualities that made them invest (and perhaps stay) in those cities. Not with Cyberjaya investors though, they are very aggressive - I think it is partly because most of them bought properties there for investments as opposed to for own-stay. They experience the stress and anxiety of capital depreciation of their units and lack of rental yield or any rental income for that matter; yet they do not get to balance that by living in a stress-free environment, with low-traffic and a ghost-town, serene vibe in selected areas.

This post has been edited by wild_card_my: Dec 31 2019, 12:59 PM

It is 6-lane road, with 3-lanes on each side coming into the junctions almost from all sides of the intersection, before one lane spits off

The area is huge, much bigger than other areas in the city. I don't doubt that they planned to build an over hand LRT/MRT station up there, they reserved the space (the width)

Station Facts

The Cyberjaya North MRT station is a Mass Rapid Transit (MRT) station serving the suburb of Cyberjaya in Selangor, Malaysia. It is one of the elevated station on Sungai Buloh-Serdang-Putrajaya Line (SSP Line).

The station is located near Skypark @ Cyberjaya.

The Cyberjaya North MRT station expected to complete and start operation on 2022.

http://mrt.com.my/ssp/Cyberjaya_North_Station.htm

This post has been edited by SKY 1809: Dec 31 2019, 04:59 PM