hahaha. the above post made my day.
What do you think about future Cyberjaya, Realistic or Ghost Town
What do you think about future Cyberjaya, Realistic or Ghost Town
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Aug 18 2017, 09:49 PM
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#1
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
hahaha. the above post made my day.
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Aug 18 2017, 10:43 PM
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#2
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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. studio size market is definitely dead in Cyberjaya. oversupply and not sure whether the intake of students > available supply?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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Aug 19 2017, 01:16 PM
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#3
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Aug 31 2017, 09:42 PM
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#4
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Sep 1 2017, 10:22 AM
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#5
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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. Villa Diamond B, Cristal Serin1.5M 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 |
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Sep 3 2017, 10:27 AM
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#6
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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. QUOTE(icemanfx @ Sep 3 2017, 01:36 AM) Well, data won't lie. Review_Kawasan_MRT_Hotspot__Sg_Buloh_.pdf ( 4.58mb ) Number of downloads: 99 |
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Sep 3 2017, 04:42 PM
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#7
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(trust4you @ Sep 3 2017, 03:59 PM) cyberjaya take at least another 20 years to progress, like rawang lolllllllllllllllllllllllllllllllllll QUOTE(jetwash @ Sep 3 2017, 04:18 PM) sky and earth comparison. one is a dead old town. one is a well plan town for the future. |
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Sep 3 2017, 07:52 PM
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#8
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(jetwash @ Sep 3 2017, 05:26 PM) Haha, is this thread in danger of being moved to serious kopitiam too? 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.Well, I'm looking forward to buy those 1 bedroom studios for what, 80k then? |
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Sep 6 2017, 03:53 PM
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#9
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(lowya @ Sep 6 2017, 03:32 PM) you forgot one thing, i.e. declining rent psf. declining property value as well especially studio units. generally everywhere losing value but some places like cyberjaya, rawang, semenyih is performing worse.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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Sep 7 2017, 11:38 PM
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#10
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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. cyberia smarthome? If I had bought a higher end property, well, that'll be a more difficult decision to make. Can see plenty available in the auction market with no taker. |
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Sep 10 2017, 09:58 AM
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#11
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(Soros007 @ Sep 10 2017, 09:28 AM) 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 |
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Sep 11 2017, 11:57 AM
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#12
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Sep 11 2017, 08:12 PM
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#13
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(geolee76 @ Sep 11 2017, 12:42 PM) how big is your unit. i only got 1100 for 450sqft 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.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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Sep 15 2017, 10:20 AM
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#14
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Sep 15 2017, 10:43 AM
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#15
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Sep 15 2017, 10:47 AM
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#16
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(Zres @ Sep 15 2017, 10:45 AM) 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) |
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Sep 15 2017, 12:32 PM
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#17
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Sep 15 2017, 02:24 PM
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#18
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
Is Cyberjaya included inside Selangor?
SELANGOR’S best-performing high-end houses in 2016 20170915_ep_2492_locked.pdf ( 2.29mb ) Number of downloads: 90 |
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Sep 16 2017, 10:28 AM
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#19
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
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Oct 7 2017, 11:18 AM
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#20
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
taken from FR FB:
WHY I NEVER LIKED GRRs. . 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 : . - Dev sells property X, in lala-land location. The property fair value is RM400k. . - 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. . - 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%. . - 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. . - 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!!!!" . - 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." . - After property completed, first 6 months everything was great. Buyer got soo happy. . - After 6 month, guaranteed income payment becomes irregular. Ask rental ofis, admin fella say payment is coming. Waiting for boss to sign cheques. . - 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. . - 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. . 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. . 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. . 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. . 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. . #IfSeeGRRPleaseRFF #KnowledgeIsNotImportantAtAllUntilWeLooseMoney |
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