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

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BEANCOUNTER
post Aug 20 2017, 11:53 AM

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QUOTE(nexona88 @ Aug 20 2017, 11:49 AM)
My crystal balls always wrong blush.gif
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Good to have a crystal ball that always wrong.

you just need to do the opposite of what your crystal ball telling you....hoisei jor.

so what is your crystal ball telling you? mind to share?
kuci_mayong
post Aug 20 2017, 12:21 PM

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QUOTE(kuci_mayong @ Aug 20 2017, 10:40 AM)
It's like Android phone user, he can't afford iPhone so what he will do is complain iPhone no good, iPhone useless, but deep inside he really want to buy an iPhone.

Same concept with cyberjaya. Normally I see the people who complain are those that cannot afford. If I had the money I would definitely buy in cyberjaya. Just look at the studio rental, with that price you can rent somewhere like Damansara Perdana, cyberjaya commands that price. Why?
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Wasn't aiming you, just saying normally I see people who complain about cyberjaya don't really have substance.

Take for example the title of this thread, Cyberjaya a ghost town? Which ghost town in the world has burger King, nando's or wendy's?
cedm
post Aug 20 2017, 03:53 PM

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I don't known why anyone is surprised that a studio unit in Cyberjaya cannot fetch RM 2.5k. I'm actually surprised that anyone thought that RM 2.5k was a norm and a sure-fire rental amount. Shaftsbury studios are just 460 sqft. At RM 2.5k, that's a RM 5.3/sqft rental, on par with the likes of Mont Kiara. That's a foolish price to pay, and equally so to expect as a owner, especially considering that buying the unit outright with a 90% margin loan, 30 years tenure would cost significantly less per month.

I do not doubt such units were actually rented out for the said amount, but setting it as a baseline price expectation is ridiculous. It was just not worth it, and that's proven by the rental drop.

twincharger07
post Aug 20 2017, 06:09 PM

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QUOTE(kuci_mayong @ Aug 20 2017, 10:40 AM)
It's like Android phone user, he can't afford iPhone so what he will do is complain iPhone no good, iPhone useless, but deep inside he really want to buy an iPhone.

Same concept with cyberjaya. Normally I see the people who complain are those that cannot afford. If I had the money I would definitely buy in cyberjaya. Just look at the studio rental, with that price you can rent somewhere like Damansara Perdana, cyberjaya commands that price. Why?
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well... it is like someone who never had an iPhone talks about how good it is.. some one who never had a prop in CBJ praise how good the props are...

Market will correct itself eventually when more supply going into cyberjaya.. it always goes back to fundamental supply vs demand..

so called "between KL and KLIA" is just a plus point but eventually goes back to fundamentals.

This post has been edited by twincharger07: Aug 20 2017, 06:12 PM
kuci_mayong
post Aug 20 2017, 10:40 PM

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I would say my biggest downside to cyberjaya are the tolls you pass if you are going between KL and Cyber.

Depending on which highway you take in can cost between rm4 to rm10 one way just for tolls. Imagine if you need to do that daily. Nearly rm600 for tolls/monthly.

If you're a buyer, can understand why cbj is expensive cause it's freehold, compared to leasehold if you buy closer to KL.

But as a renter, I'm still trying to understand why cyberjaya can fetch the same rental as say places like PJ, Damansara, Bandar Utama. It should be cheaper than those more establish places in my opinion.
mohdyakup
post Aug 20 2017, 11:32 PM

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Been staying at Cyberjaya for two years now. I like it.
planc
post Aug 21 2017, 01:09 AM

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QUOTE(cedm @ Aug 20 2017, 02:53 PM)
I don't known why anyone is surprised that a studio unit in Cyberjaya cannot fetch RM 2.5k. I'm actually surprised that anyone thought that RM 2.5k was a norm and a sure-fire rental amount. Shaftsbury studios are just 460 sqft. At RM 2.5k, that's a RM 5.3/sqft rental, on par with the likes of Mont Kiara. That's a foolish price to pay, and equally so to expect as a owner, especially considering that buying the unit outright with a 90% margin loan, 30 years tenure would cost significantly less per month.

I do not doubt such units were actually rented out for the said amount, but setting it as a baseline price expectation is ridiculous. It was just not worth it, and that's proven by the rental drop.
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Emm..some say among all the outskirts area, Cyberjaya get the best rental, best performance is that true? 10yrs ahead woh..got major highway connected, got education hub, ofiz, commercial area, proposed MRT, hotel etc...even better than setia alam boring place is that true? Some ppl even say why those illegal agent throw rental price?! Do they know many oversea students want to rent a place to stay before they come to msia?

This post has been edited by planc: Aug 21 2017, 01:14 AM
icemanfx
post Aug 21 2017, 03:02 AM

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QUOTE(MSS @ Aug 18 2017, 10:11 PM)
Talk about 2 years ago, shafburry studio can renting out 2.5k per month. Nowadays, 1k also very hard to fill up the unit.

Because all the new project, 80% is studio unit, average the studio rental right now around 800 to 900 per month only, not only that, with fully furnish some more.

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Rental is more responsive to market demand and supply, is a leading indicator of property price. CBJ property price is expected to drop significantly.

zres


This post has been edited by icemanfx: Aug 21 2017, 03:03 AM
aaron1717
post Aug 21 2017, 09:29 AM

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QUOTE(planc @ Aug 21 2017, 01:09 AM)
Emm..some say among all the outskirts area, Cyberjaya get the best rental, best performance is that true? 10yrs ahead woh..got major highway connected, got education hub, ofiz, commercial area, proposed MRT, hotel etc...even better than setia alam boring place is that true? Some ppl even say why those illegal agent throw rental price?! Do they know many oversea students want to rent a place to stay before they come to msia?
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comparably... setia alam have more landed supply at lesser price... and its still freehold as well.... as for rental investment... its indeed sucks at setia alam as landed are not well known to have good rental income... and they have no proposed mrt, university, hotel, big office hub yet... the traffic there rely alot on klang's factories and klang's residents who wanna move out....

As for cyberjaya, eventually cyberjaya will be stagnant as property investment hub... as for own stay.... its up to their own.... for investment... there are too much highrise coming for an outskirt area.... wait til all the new condos completed and we will see... now the rental price havent bottom out yet...

This post has been edited by aaron1717: Aug 21 2017, 09:29 AM
hummels
post Aug 21 2017, 09:42 AM

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cyberjaya needs a catalyst to lure people to stay there...something like a theme park, water park i.e. seaworld, a zoo perhaps...nothing exciting going on in cyberjaya...a football stadium...
aaron1717
post Aug 21 2017, 09:45 AM

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QUOTE(hummels @ Aug 21 2017, 09:42 AM)
cyberjaya needs a catalyst to lure people to stay there...something like a theme park, water park i.e. seaworld, a zoo perhaps...nothing exciting going on in cyberjaya...a football stadium...
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lolz... i doubt puchong, PJ, kepong, sri petalling, OKR or subang have such thing... and ppl still flock to stay at those areas... laugh.gif laugh.gif
johnnyzai89
post Aug 21 2017, 10:12 AM

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Anyone has contractor to intro that does work in Cyberjaya?
hummels
post Aug 21 2017, 10:20 AM

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QUOTE(aaron1717 @ Aug 21 2017, 09:45 AM)
lolz... i doubt puchong, PJ, kepong, sri petalling, OKR or subang have such thing... and ppl still flock to stay at those areas...  laugh.gif  laugh.gif
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those areas has a different kind of zoos...where animals where bras and panties... devil.gif
aaron1717
post Aug 21 2017, 10:21 AM

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QUOTE(hummels @ Aug 21 2017, 10:20 AM)
those areas has a different kind of zoos...where animals where bras and panties... devil.gif
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laugh.gif laugh.gif laugh.gif thats evil bro... evil.... hahah
BEANCOUNTER
post Aug 21 2017, 10:34 AM

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QUOTE(aaron1717 @ Aug 21 2017, 09:29 AM)
comparably... setia alam have more landed supply at lesser price... and its still freehold as well.... as for rental investment... its indeed sucks at setia alam as landed are not well known to have good rental income... and they have no proposed mrt, university, hotel, big office hub yet... the traffic there rely alot on klang's factories and klang's residents who wanna move out....

As for cyberjaya, eventually cyberjaya will be stagnant as property investment hub... as for own stay.... its up to their own.... for investment... there are too much highrise coming for an outskirt area.... wait til all the new condos completed and we will see... now the rental price havent bottom out yet...
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since when setia alam is comparable to cyberjaya?

CJ is a smart intelligent city of the country.
Setia Alam just a run of the mills housing estate nia.

TSMSS
post Aug 21 2017, 10:38 AM

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This is The Arc, just completed 2 years ago, now the convert the parking lot become small shop and most of the operator are bangladeshi and not showing their business license, i dunno its legal business or not.

If this kind of management happen, then how to make the commercial lot or shop lot running in business.

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aaron1717
post Aug 21 2017, 10:39 AM

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QUOTE(BEANCOUNTER @ Aug 21 2017, 10:34 AM)
since when setia alam is comparable to cyberjaya?

CJ is a smart intelligent city of the country.
Setia Alam just a run of the mills housing estate nia.
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just replying to his statement... setia alam compare cyberjaya ma... haha... if looking apple vs apple... then its different thing liao... lolz...
BEANCOUNTER
post Aug 21 2017, 10:44 AM

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MSS, thanks for sharing.
literally macam underground biz.

are you vested in CJ or just wanting to invest in CJ?
TSMSS
post Aug 21 2017, 10:50 AM

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QUOTE(BEANCOUNTER @ Aug 21 2017, 10:44 AM)
MSS, thanks for sharing.
literally macam underground biz.

are you vested in CJ or just wanting to invest in CJ?
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I do invest also in cyberjaya, i have unit in cyberia smarthomes,cyberia crescent 1 and tamarind suite, now I'm scared to hold.

I try to sell my condo in cyberia smarthomes 280k for 3R2B, more than 1 year ads no call, all agent turn around, now people selling 260k for that condo.
aaron1717
post Aug 21 2017, 10:51 AM

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QUOTE(MSS @ Aug 21 2017, 10:50 AM)
I do invest also in cyberjaya, i have unit in cyberia smarthomes,cyberia crescent 1 and tamarind suite, now I'm scared to hold.

I try to sell my condo in cyberia smarthomes 280k for 3R2B, more than 1 year ads no call, all agent turn around, now people selling 260k for that condo.
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good luck bro... its nt too late for u to realize... sell it before the new projects VP.... this should be the key priority now...

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