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

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AskarPerang
post Aug 18 2017, 09:49 PM

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hahaha. the above post made my day.
AskarPerang
post Aug 18 2017, 10:43 PM

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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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studio size market is definitely dead in Cyberjaya. oversupply and not sure whether the intake of students > available supply?
AskarPerang
post Aug 19 2017, 01:16 PM

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QUOTE(BEANCOUNTER @ Aug 19 2017, 11:22 AM)
someone was commenting that his unit in CJ was doing roaring airbnb biz leh.......
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I like your style. kiri kanan also hentam. no take side. adil and saksama.
AskarPerang
post Aug 31 2017, 09:42 PM

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QUOTE(MSS @ Aug 21 2017, 01:47 PM)
chichichi, you can choose many landed unit from auction market with brand new unit because the unit mostly just completed and bmv 20~30%.

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Another 10% drop for Cassia Garden coz nobody interested. Not really sure about the rest. Didn't monitor.
AskarPerang
post Sep 1 2017, 10:22 AM

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QUOTE(AskarPerang @ Aug 31 2017, 09:42 PM)
Another 10% drop for Cassia Garden coz nobody interested. Not really sure about the rest. Didn't monitor.
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Villa Diamond B, Cristal Serin
1.5M nil bidder
1.35M nil bidder
1.215M nil bidder
1.0935M - next auction

Cassia Garden
900k nil bidder
810k nil bidder
729k - next auction


AskarPerang
post Sep 3 2017, 10:27 AM

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QUOTE(martian13A @ Sep 3 2017, 12:11 AM)
have you been to sungai buluh?even behind the projects near kampung selamat station got like kampung house, dirty factories and what not. And im pretty sure you know how much psqft these projects are demanding.
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QUOTE(icemanfx @ Sep 3 2017, 01:36 AM)
Believe this asking price is nothing new and not due to MRT factor alone.
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Well, data won't lie.

Attached File  Review_Kawasan_MRT_Hotspot__Sg_Buloh_.pdf ( 4.58mb ) Number of downloads: 99

AskarPerang
post Sep 3 2017, 04:42 PM

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QUOTE(trust4you @ Sep 3 2017, 03:59 PM)
cyberjaya take at least another 20 years to progress, like rawang lolllllllllllllllllllllllllllllllllll sweat.gif
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QUOTE(jetwash @ Sep 3 2017, 04:18 PM)
Rawang still 20 years behind cyberjaya haha.
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sky and earth comparison.
one is a dead old town. one is a well plan town for the future.
AskarPerang
post Sep 3 2017, 07:52 PM

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QUOTE(jetwash @ Sep 3 2017, 05:26 PM)
Haha, is this thread in danger of being moved to serious kopitiam too?

Well, I'm looking forward to buy those 1 bedroom studios for what, 80k then?
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At below 200k. Not 1 bedroom but 3 bedrooms unit 450sqft. Two units transacted at below 200k. Which is below launching price albeit luckily got dibs.
AskarPerang
post Sep 6 2017, 03:53 PM

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QUOTE(lowya @ Sep 6 2017, 03:32 PM)
you forgot one thing, i.e. declining rent psf.

Enough said, investors can simply look at their rental yield, if they are happy, they are right about cyberjaya, otherwise they know.

All the own stayers need not worry since it's not investment but expenses.
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declining property value as well especially studio units. generally everywhere losing value but some places like cyberjaya, rawang, semenyih is performing worse.

AskarPerang
post Sep 7 2017, 11:38 PM

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QUOTE(jetwash @ Sep 7 2017, 09:32 PM)
If I had bought cyberia many years ago I would just cut my losses now. Assuming it had been rented out most of the time. Would be an easy decision for me.

If I had bought a higher end property, well, that'll be a more difficult decision to make.
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cyberia smarthome?
Can see plenty available in the auction market with no taker.
AskarPerang
post Sep 10 2017, 09:58 AM

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QUOTE(Soros007 @ Sep 10 2017, 09:28 AM)
Value buy in cyberjaya is only landed.
High rise? Unless it's 30-40% cheaper than market price.
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Landed also got few active units in the auction market. But affordability issue because of higher prices, not everyone able to afford to bid if financial not strong enough.

Garden Residence at 1.05M. drop from 1.3M.
Cassia Garden at 729k. drop from 900k.

As for high rise. There are some rare units going at more than 50% cheaper. Maybe because of big size units not many interested.
The Arc penthouse at 324k. First auction at 800k.
Cyberia duplex penthouse 2266 sqft sold at reserve price 406790 last week. First auction at 900k. And there is another active unit now 1919 sqft at 364.5k.

Investors aiming at cyberjaya to buy. Then auction market seems to be better choice to catch some good deals.

This post has been edited by AskarPerang: Sep 10 2017, 10:00 AM
AskarPerang
post Sep 11 2017, 11:57 AM

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QUOTE(Kelvin123@ @ Sep 11 2017, 12:29 AM)
Folks, not a CJ expert and need advice.

From discussions, meaning CJ landed is ok but avoid condo?

Sound like everywhere?
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especially studio unit. worse will be those 450 sqft 3 bedders units. tongue.gif
AskarPerang
post Sep 11 2017, 08:12 PM

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QUOTE(geolee76 @ Sep 11 2017, 12:42 PM)
how big is your unit. i only got 1100 for 450sqft

Mine got tenant non stop for 2 years . first was law student from putrajaya and now TM local employee..
Garden plaza quite hot in rental market.
and also due to that.. we have many issues with vandalism. misuse of facilities.  parking issue.and etc...
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seriously is a good deal in today market. the proper studio unit at least is more sought after compare to those crap 3 bedders 450sqft, 4 bedders 700sqft unit.
AskarPerang
post Sep 15 2017, 10:20 AM

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Attached Image
AskarPerang
post Sep 15 2017, 10:43 AM

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QUOTE(Zres @ Sep 15 2017, 10:40 AM)
I thought 800k ?
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Cassia also at Garden Residence right?
That one still available. 7xx k. End of this month.
AskarPerang
post Sep 15 2017, 10:47 AM

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QUOTE(Zres @ Sep 15 2017, 10:45 AM)
Very cheap ... bbb
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20, Jalan GR 1/4, Cassia Garden Residence, Cyberjaya, 63100, Selangor 🔥RM 729k🔥

- Vacant, VP 3-4 years, owner never move in.
- Owner nvr pay fees..Outstanding RM 16,433 (can claim from bank)
- Monthly RM 446 maintenance, clubhouse RM 100(optional)

AskarPerang
post Sep 15 2017, 12:32 PM

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QUOTE(gks @ Sep 15 2017, 11:05 AM)
Is this a bumi buyer unit? For Cyberjaya, even freehold landed property there is restriction in transfer.
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this is non bumi unit
AskarPerang
post Sep 15 2017, 02:24 PM

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Is Cyberjaya included inside Selangor? hmm.gif

SELANGOR’S best-performing high-end houses in 2016

Attached File  20170915_ep_2492_locked.pdf ( 2.29mb ) Number of downloads: 90

AskarPerang
post Sep 16 2017, 10:28 AM

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QUOTE(wangdu @ Sep 16 2017, 08:38 AM)
Just bought a house in CJ.. moving on Dec.. yahoo..
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congrats. which project?
AskarPerang
post Oct 7 2017, 11:18 AM

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taken from FR FB:

WHY I NEVER LIKED GRRs.
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Since I started teaching people on property investment in 2013, I have always told my over 3,000 students to be careful and stay away from any development that offers guaranteed rental returns. The reason for this is that GRR is often used to sell over-priced properties. Most of the time, the price you are paying already includes "the guaranteed rental portion", and the stories goes like these :
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- Dev sells property X, in lala-land location. The property fair value is RM400k.
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- But the developer wants to sell it at RM800k. They know if they sell it just at RM800k outright, the market wont buy because once potential buyer's check around, they'll realize that the market value is only RM400k.
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- Therefore, they use the GRR illusion to make us think that its valued at RM800k. So in order to fool us into thinking that its worth RM800k, they give us rental "guarantee" for 200 years at 7%.
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- Since its hard to find properties that can breakeven, the idea of getting 7% return on property sounds damn good. Developer also say you dont need to do anything, just sit and relax collect fantastic cashflow.
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- Buyers now very high. They are now greedy thinking maybe they should whack 2-3 more. Plus developer say only have 3 units left, if you dont take then some politician will sapu all. Buyer then say " F U politician, this is all mine!!!!"
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- After sign SPA. They say "take that Faizul. No need to attend any class also I can get 7% and positive cashflow. Im a effing genius!!!! I also want to teach people how to invest tomorrow."
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- After property completed, first 6 months everything was great. Buyer got soo happy.
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- After 6 month, guaranteed income payment becomes irregular. Ask rental ofis, admin fella say payment is coming. Waiting for boss to sign cheques.
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- After 9 months, payment still havent come. Admin fella now no more working there as everyday kena abuse. Call, dont pick up. Still no sign of guaranteed rental coming in.
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- Finally, the company that guaranteed your rental for 200 years, had to clos, which ise down as they have no more funds. The owners now take back units from them, trying to rent out the unit themselves. Offer comes in, at RM1500 per month which is market rates. But their loan plus maintenance is above RM4,000 per month.
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So instead of getting positive cashflow, you now have to pay extra RM2,500 per month to let someone stay in your unit. You begin to tell everyone you know that property investment is a scam, Faizul is a just a bangla pretending to teach people property investment, and its all 1MDB and Jibby’s fault. The reality, you just bought a white elephant that wears a lipstick, and it was a doomed plan from day-1.
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Guys, the only time you should consider GRR is when you are buying a property at fair market price and as a BONUS, it has GRR. That way, even if the GRR collapses, you can still rent out at fair value instead of bleeding few thousand every month. Most GRRs ends up in failure ( just study any resort/holiday based properties in Sabah, Melaka, P.Dickson etc ) and i pity especially those who bet their retirement funds on GRRs based developments. They end up loosing all their life savings. SHARE this so that your parents, aunts and everyone you care about, will not be a victim of bad GRRs.
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Next time you see anything with GRR that sells way above market values of similar completed properties nearby, please RFF. ( Run-Fast-Fast). I've been saying this to my students since 2013, and I hope you will benefit from this post and warning.
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p/s : Im predicting more of this will surface in the next 24 months. This is not the only troubled GRR development that I know of.
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#IfSeeGRRPleaseRFF
#KnowledgeIsNotImportantAtAllUntilWeLooseMoney

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