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What do you think about future Cyberjaya, Realistic or Ghost Town
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1depp1
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Apr 13 2018, 09:57 AM
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As an ex-MMU student, I do have a say regarding Cyberjaya property now. Just a quick outlook : (1) Peaceful, very calm and quiet living space, less rempits (maybe nearby MMU area where the rempits gather, but very uncommon sight) (2) High supply, low demand for properties.. Maybe in 20 years time then there will be high demand for properties, but since urbanisation tend to move to Semenyih, Bangi area, I doubt Cyberjaya is going to be the place of urbanisation. Have you ever heard people saying.. "I want to live in Cyberia after etc etc.." No. Most of them tend to want to move to Puchong, KL, etc. (3) Again, laid back life in Cyberjaya makes it one of the peaceful region to live but quick access to KL.
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1depp1
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Apr 13 2018, 10:09 AM
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Oh yeah, just to add abit.. It's only my personal opinion and experience, different people can have different opinion and experiences. (Disclaimer)
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1depp1
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Apr 13 2018, 11:09 AM
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QUOTE(Just Saying @ Apr 13 2018, 11:05 AM) If u need proof to everything then u might miss many thing in life, not only property purchase but also other areas. Sometimes u need to take chance in life. There’s no need to prove to you coz I don’t take u seriously nor your words. U don’t worth a cent. Sorry. as they say, sometimes you made the right decision. But MOST OF THE TIME, we can make the decision right. Meaning to say, we do our due diligence (knowledge on the property in Cyberjaya, do our strategies on buying sub-sale or off plan Cyberjaya properties, having solid financials; holding power, etc).
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1depp1
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Apr 13 2018, 11:25 AM
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QUOTE(Just Saying @ Apr 13 2018, 11:13 AM) Bangi is predominantly Malay area. I have nothing against it. Location wise not bad. Semenyih? Oh dear. In terms of accessibility and location, it’s much worse than Cyber. Just coz Setia and EcoWorld is there don’t mean it’s a prime location. If u haven’t already known, both giant developers are struggling there especially Setia. They can only manage to target middle class and below buyers. Recently, they came up with rent and buy later to woo lower income buyer. What a joke. Well, I guess in a way there must be a reason why Property developers look at Semenyih as a location they develop their products. It is not a prime location yet, as I feel they did their research and wanted to be there for the long run (>10 years). Plus, not bad what if they have a condo there running at 200k-ish a unit. That is a big "IF" la.
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1depp1
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Apr 13 2018, 11:30 AM
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QUOTE(flight @ Apr 13 2018, 11:23 AM) I think one of the key issues with cyberjaya is that the property prices have moved up since the earlier years. A similar property, landed or high rise. Is much cheaper in places like kajang and semenyih than cyberjaya. With the oversupply kicking in. Some of the property prices have come down sufficiently where it makes sense to buy for staying. I cant imagine buying mutiara ville at rm500k++, but that was what was being paid, mind u. Most if not all the sales was taken up. It is available now at rm300k, and u have these ppl saying all sorts of nonsense. Where were u when this thing was priced at rm500k? No traffic is going through Mutiaraville, how to expect tenancy in their commercial lots? I have a friend who rented there a few years back, in 6 months cabut already due to no one coming to his restaurant (no business). Also, that place is near to Taman Pinggiran Cyber which has makcik nasi lemak stalls and some nasi campur warung selling for RM2 and etc. How to compete? Also, Mutiaraville is close to "dipinggirkan" because nearby to Taman Pinggiran Cyber. Disclaimer : Been living in Taman Pinggiran Cyber house for close to 3 years during my uni years. So, I personally experienced the situation, and thus, entitled to an opinion.
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1depp1
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Apr 13 2018, 11:50 AM
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QUOTE(BEANCOUNTER @ Apr 13 2018, 11:38 AM) Bangsar south also surrounded by flats low cost flats n mid cost flats and macik there also jual murah..... But does it affect the more expensive restaurants? You try live in Taman Pinggiran Cyber, 63000, Cyberjaya, Selangor for close to 3 years, (as it is just 100 metres from Mutiaraville) and you will instantly know that mid-ranged restaurants which sells nasi campur RM7~8 will struggle. Reason being, Mutiaraville is really on the fringes of Cyberjaya. It is also quite dusty due to the tanah merah, abandoned lake, and battery factory (around 5km range). People tend to go to "city centre" such as in Domain, The Street Mall, and/or D'Pulze. Different city planning compared to Bangsar South.
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1depp1
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Apr 13 2018, 12:00 PM
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QUOTE(BEANCOUNTER @ Apr 13 2018, 11:55 AM) Wat i tried to say is cyberjaya or this part of cyberjaya failed to reinvent itself...... Yeah.. the brainchild of Maha...r failed to materialize itself.  sorry, can't help myself. But, does it have the potential to become "Silicon Valley" of Malaysia someday? Your thoughts?
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1depp1
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Apr 13 2018, 12:09 PM
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QUOTE(vampireangel1984 @ Apr 13 2018, 12:01 PM) wont happen at all...their USP has evaporated/ not appealing in the first place yeah.. one of the good thing happening there that I know of is Multimedia University being the research university it is and attracting lots of attention worldwide through it's talented students. (E.g - Life of Pi animators, Upin Ipin). Hopefully in a few years time, there is a solid city planning to be done and make it to become a viable city to call it their home. Cheers to Cyberjaya which has been my second home for a solid 5 year+ (the memories...)
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1depp1
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Apr 13 2018, 12:13 PM
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QUOTE(BEANCOUNTER @ Apr 13 2018, 12:04 PM) Very unlikely but who am i to say? Vision like this needs all parties to work together.....gov needs to hardsell sillycon valley........to the world..... Yeah, who knows what the future holds.. However, in my honest opinion, I still think if you can snag a condo which is 200k to 300k MAX. You can still furnish it to attract high quality tenants and thus giving good rental income. But not capital gain though, as I predict year-on-year increase on properties in Cyberjaya is only going to be about 2% or 3% due to many new properties coming up. Oh, and some of the condo is freehold too last time I checked on some Cyber property flyer.
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1depp1
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Apr 13 2018, 12:35 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? No I am not guaranteeing good rental income. I could be wrong, but I could be right.But I stand by my comments earlier, yes. Can reap the rewards of good rental income. Maybe not in the following months, but maybe in a few years? That is why holding power is key. Let me know what do you think of the outlook? This post has been edited by 1depp1: Apr 13 2018, 12:36 PM
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1depp1
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Apr 13 2018, 02:59 PM
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Post removed. Double posted. Sorry.
This post has been edited by 1depp1: Apr 13 2018, 02:59 PM
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1depp1
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Apr 13 2018, 02:59 PM
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well, there will always be 2 side of the coin. (1) Optimistic view (2) Pessimistic view
Let me share my point of view here.
Before I talk about Cyberjaya property, let me talk about my novice experience.
Now, I am a novice property investor. Just almost 2 years experience. My first project : buying an off plan SOVO, still under-con, and expected to finish on Aug 2018.
Now, the first step towards finding out whether a property is worth investing, is to learn about the developer track record, bridging financier of the developer, and the overall portfolio of the said developer.
Next, we study the viability of the region, let's take for example, Malaysia is still a developing country and still have a growing population. Also, land is still quite available for property development compared to HK or Japan.
We further narrow our research. As for me, I bought a SOVO in Penampang, Sabah. I researched alot about the development of the area, population growth, year-on-year property appreciation (stats from 2014 onwards to make sure it is not outdated data), developer track record, bridging financier, and future infrastructure that is going to be built around my choice of property.
Those above I mention are knowledge based on data and facts.
The next is the financial knowledge. Not going too deep, but I conclude by having your CCRIS, CTOS, Debt Ratio, etc is good to go for property investment on my choice of property.
Bonus will be : discounts given by developer, good deals, max loan from bank and etc.
The last feeling I have in my gut is, most of Sabah rich-rich, experienced and veteran property investor bought units here in 10's or 20's unit. So, the saying, "the eagle gathers where the food are" is applicable here.
In conclusion, equipped with solid knowledge on financials and facts regarding this things.
Is it confirmed I reaped the rewards? Since here also there are oversupply of properties, malls with no tenants, empty commercial property, economic depression, etc etc. Will I make it?
I maybe wrong, and I will fail.
Or, I maybe right, and I will succeed and will reap the rewards.
Solid knowledge wor! You will not fail! Eh.. but what if fail leh? Economic recession, etc etc bla bla...
...I will leave my point of view with this :
We can make the right or wrong decision. I made my decision, and I will stick with it because I made my studies and gained knowledge on it.
Same goes to any property in Cyberjaya. Rinse and repeat, for property investing.
Disclaimer : My own experiences and own opinion based on my novice property investing experience.
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1depp1
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Apr 13 2018, 04:55 PM
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QUOTE(icemanfx @ Apr 13 2018, 03:14 PM) A report by the United Nations recently cited that shrinking families in Malaysia will lead the country to become an aged nation by 2030, where the population of elderly will almost double current figures. The elderly is categorised as those aged above 60 years. https://www.nst.com.my/news/nation/2017/08/...womens-ministryhistorically, property price in aging nation is either stagnant or slide. Yeah, places like HK and Japan stagnant as in.. very very expensively stagnant. Keywords : Land area (HK), Newborn statistics+mortality rate (Japan)
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