Why hate on CBJ? I feel its a nice place, alot empty lands and more to improve. Had good profit margin of 300k+(not nett) on Garden Residence investment last year

after reading here.,... i feel 50/50 about cyberjaya...

hmm No demand previously??

can we hope for 5th Auction with 700k pricing

I think 4th auction is the last one.

It wont go to 10th or 20th auction.

i think so

if 5th auction...most probably will bid higher than 4th auction reserve price

if want to invest through auction.. need to study when is the right time to enter..

Not the right time...

Its always about the right price.....keke

Wrong! see below

Bank lelong!!! New zero lot 3 storey Villa, Corner!!!!
No. 56, Jalan Melawati 7B, 16 Quartz Melawati, KL
------- 7th auction ------ (Bumi sahaja)

Reserve price 🔥🔥 RM 1.8602 Mil 🔥🔥 Bumi lot
5658sqft, 5 bedroom, 35 X 82.5 Auction: 9/12/17

Market asking RM 3.5 Mil

already witnessed a 6th and 7th auction

Actual pics of the unit. Vacant unit. Dont think will fall beyond 4th auction unless got caveat or is bumi owner.
No info whether it is bumi owner or non bumi owner. Didnt track the unit before.
Need to wait nearer to auction date to get the info again.

ok my mistake.

the above must be sdb 20trees west.

haha ya right price

i suspect this unit is under caveat (need to buy with cash)
somemore bumi lot

Plenty of cyberjaya properties for auctions...it kinda explains.

No choice loh cyberjaya, opulstion cannot sustain there

Cant think of any area with more auctions than cyber, not forgetting a lot of the auctions hit 2nd, 3rd etc

kl city centre lo..ampang lo...puchong...shah alam...cheras...everywhere la

Generally lelong units available everywhere but not as bad as in Cyberjaya.
Units here majority will not be taken up at the first 3 auctions.
Will need to drop in price at least the 4th auction, then only maybe someone will take it if not will slide down more in prices. Studio, penthouse, high rise, miliion2 landed house all the same trend in Cyberjaya.

price drop is standard in each call for auction, i.e. 10%. reduction.

the only different is btw 3rd and 4th auction (the same property), bank may not absorb certain cost. Is this true?

I'll say it's healthy. Too many investors previously. At least those who purchase now is very well aware of it, and I can say many who purchase in Cyberjaya now plans for own stay.

make no mistake....auction properties are mostly bought by investors, to be precise, seasoned investors.

no ownstay buyers will buy auction properties bcos
1. they cant inspect the property
2. require high capital outlay.

its just a matter of investors being replaced by other season investors but with much lower cost.