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What do you think about future Cyberjaya, Realistic or Ghost Town
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TSMSS
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Aug 17 2017, 10:42 AM, updated 7y ago
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Hello all forumers,
I'm here wanna talk / discuss about future Cyberjaya. What in your mind think about Cyberjaya, and what in your eyes see the real Cyberjaya.
In Cyberjaya only have one Shopping Mall (D'pulze), that mall not so great and also not so big, Shaftburry looks dying right now started beginning of this year, one by one shop shut the business down.
Talk about food, only few place still can buy lunch, dinner below RM8 per meal, other than that all around RM15 per meal, living cost very high, night time almost dead.
In term of house investment, the rental keep going down, before this, room rental very famous there, since cyberjaya flooded with studio unit, mostly room rental started to die because the pricing vs comfortability, some home owner willing to spend more money to furnish the unit with Interior Design (ID) concept to attract the tenant but again cannot beat the price other people offer.
Majority Restaurant operated by foreigner, Arabian, Bangladesh, Indian (mamak), very rare to find Malay and Chinese Restaurant. Who knows they operate with or without license, all people just wanna eat not to bother about their business premise.
If you are the investor or stay in cyberjaya, can you please share your stories, experience and your sights on this matter.
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TSMSS
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Aug 18 2017, 09:46 PM
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now, mostly all the commercial lot occupied by bangladeshi and arabian. The Arc parking lot already convert to the shop and all occupied by bangladeshi also, i dunno whether the conversion approve by MPS or not. Cyberjaya FB group also full with bangladeshi & arabian, you will notice many illegal agent from there. Later, real estate industries become unhealthy because of floaded with illegal agent.   
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TSMSS
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Aug 18 2017, 09:58 PM
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QUOTE(BEANCOUNTER @ Aug 17 2017, 11:48 AM) aiya why only talked about negativity of cj? no positive aspect meh? People that vested in Cj have 3 'P' things in common:- 1. Positive thinking - they treasure what plus points CJ gives, not negativity. 2. Potential - they only see the potential Cj will bring, especially under Jibby's wisdom - Cina school, MEX extension, MRT, CCC dan macam macam. 3. Perseverance - waiting to cash out their golden eggs. It shall come sooner than you think. Its not about we want to talk about the negative, but we are scared when the city fill up by low class people. Again, not easy to wash them out and replace with professional level.
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TSMSS
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Aug 18 2017, 10:11 PM
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QUOTE(marlick25 @ Aug 17 2017, 12:20 PM) Depends, the way you say it, foreigners (working class and rich students) have no problem renting studio units (at least 1.5k-3k per unit) by themselves, alone. They dont mind paying high to get that "class" and privacy. But it's different with locals. Right now, there are not much landed houses in Cyberjaya, if there are, the prices are just unbelievable, at least 1 million per unit if I am not mistaken. With Malay mentality, they always want a landed house (not me though). If they cant, they at least want a big house! How big is big? Well, they definitely dont want a 700sqft condo/apartment. And this is the problem with Cyberjaya. Too many condo/service apartments. Like I said, only foreigners wouldnt mind paying 1-2k to rent in Cyberjaya. These people normally work in Cyberjaya and get paid really good too. Locals? Regardless of whether they are working or studying, most would rather rent at nearby places for bigger spaces and lower cost if they have transport (be it car or bike). Only a handful that I know would rather stay at Cyberjaya because 1) they dont have transport 2) workplace is really nearby (i.e 5 minutes walk) and 3) they are paid handsomely, or they get housing allowance. 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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TSMSS
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Aug 21 2017, 10:38 AM
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TSMSS
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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? 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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TSMSS
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Aug 21 2017, 11:08 AM
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I share with u cyberia smarthomes market, if you buy this 15 years ago, u almost got nothing, just serving the interest and sell just to clear the debt/instalment, what I'm worry is the price keep dropping from 300k to 250k~260k, many people give offer 220k~230k for that unit.    I already follow 4 month straight for this auction, shaftburry studio, now the reserved price only 234k only. Again, new unit also already auction like cybersquare, vega 1 and verdi. This post has been edited by MSS: Aug 21 2017, 11:10 AM
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TSMSS
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Aug 21 2017, 11:11 AM
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QUOTE(aaron1717 @ Aug 21 2017, 11:09 AM) comparing matured.... cyberjaya prop investment not really as good as other areas.... sunway for example... leasehold properties rental still better than cyberjaya.... and they have no MRT lolz.... even my fren subsales agent for cyberjaya also chg area to sunway already... tak boleh tahan the market thr.... Most of the agent also said like that, thats why now bangladeshi become agent, because almost all agent just hang their number but zero call unless the price VERY ATTRACTIVE enuf for people to call.
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TSMSS
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Aug 21 2017, 11:15 AM
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QUOTE(BEANCOUNTER @ Aug 21 2017, 10:55 AM)  heavily vested in CJ....... bo pien.....no one says property investment is a sure win biz. how is tamarind suites coming? I read that tamarind square got plenty of cj fansi sing good song whoa.....what bestest landscaping, 24hrs bookstore and etc. Oh got village grocer also. Mr Bean, I wish Tamarind make it different, i got 3 unit there, if not i also cabut, VP expected 1st quarter 2018
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TSMSS
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Aug 21 2017, 11:17 AM
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QUOTE(mingyew @ Aug 21 2017, 11:12 AM) So bad, why u still invest tamarind suites? I buy this 2 years ago during soft launch , i also heard many good thing will coming in cyber, i dunno what will happen for next day,
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TSMSS
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Aug 21 2017, 11:23 AM
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QUOTE(mingyew @ Aug 21 2017, 11:16 AM) What is your expectation? -Sell with 50k profit? -1.3k rental market? If the market turn around, sell with no profit also better, then find new place to start over again, my unit all level 9.
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TSMSS
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Aug 21 2017, 11:27 AM
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QUOTE(geolee76 @ Aug 21 2017, 11:20 AM) how much want to sell?   may be i can pick up You really want it geolee76? we can discuss further. This post has been edited by MSS: Aug 21 2017, 11:27 AM
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TSMSS
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Aug 21 2017, 11:37 AM
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QUOTE(BEANCOUNTER @ Aug 21 2017, 11:31 AM) please be respectful to SEG ok? SEG got crystal clear lake, resort living ambience and SEP has none of these...... Mr. Bean, U invest also in cyberjaya.
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TSMSS
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Aug 21 2017, 11:49 AM
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QUOTE(aaron1717 @ Aug 21 2017, 11:40 AM) for own stay.... its not bad.... if u like the area yourself... and able to afford the landed there.... have you really visited and feel the area there? to own the landed in cj, attest million of ringgit. better rent that unit for the time being and you can easily pick up any cj landed around 2k ~ 3k with fully furnish. Good is, agent serve you like KING if you really wanna rent that kind of unit, u can ask many thing as you wish. serving loan around 4.5k plus maintenance 500, 5k per month (exclude others expenses), rent the unit around half of that and no commitment and no worries, every year is new house, what i wanna tell u is, market now favour to tenant.
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TSMSS
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Aug 21 2017, 11:52 AM
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QUOTE(aaron1717 @ Aug 21 2017, 11:50 AM) for freehold and a somewhat matured township.... not exactly sure is it overrated or not... for me own stay is buying something u like... and if u can afford it.... why wanna consider is it over price or not... haha... its better than u bought something cheap but u dont like the location at all.... how to own stay kan... haha I really salute your explanation aaron1717, are you prop investor also?
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TSMSS
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Aug 21 2017, 01:37 PM
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QUOTE(thecaterpillar @ Aug 21 2017, 01:08 PM) Actually I think Cyberia is good for those first time homebuyer. Better than getting a Pr1ma unit which usually has very high density. But the problem with Cyberia is the title is still not out. Thus, a lot of bank also will not provide loan and also valuation is affected. But to be fair, those that bought last time at 150-180k, they still gain a lot from rental. Probably already paid off the loan too. So I don't think it's a bad investment. Besides that, management seems to improved also recently, and those old lifts have been replaced. Someone told me title will be out soon too. Once it's out, u should be able to sell it easily with that same price. the lift just refurbish recently and still ongoing, i dunt care much about the cost (2.4mil for 18 unit lift) but i heard because of that they replace new management. the new cyberia management more worse than previous management, to solve the water problem take 2,3 days and let the whole block without water, all the tenant shout because no water supply. since the tenant getting less and lesser, the more home owner not serving their maintenance fee.
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TSMSS
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Aug 21 2017, 01:40 PM
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QUOTE(thecaterpillar @ Aug 21 2017, 01:38 PM) U r looking for semi-d only? Can find landed below 1 mil also around cyberjaya for intermediate... subsale can search for Garden Residence, Summerglades, Ceria Residence... new u can go for Laman View for gated and guarded for below 1 mil. If got more budget, landed in SEG is good buy...big units with beautiful landscape and secure environment. Should be able to get around 1.1mil. i agreed with thecaterpillar, for your own stay not for investment purpose.
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TSMSS
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Aug 21 2017, 02:00 PM
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QUOTE(chichichi @ Aug 21 2017, 01:56 PM) thank you for the suggestions. Yes ideally im looking for a bigger place, semi d or corner houses that can grow with my family as I intend to stay for the long haul. Checking at SEG if im not mistaken all the semi D's around 2 mil ++, lepironia, lillia and the likes, the last i checked. Dont think there is any at 1.1 mil, is there? If you really deep pocket, i know few owner SEG, you can get around 1.3mil, can PM me for further discussion.
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TSMSS
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Aug 21 2017, 02:25 PM
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QUOTE(chichichi @ Aug 21 2017, 02:16 PM) not really deep unfortunately  but tq for the offer. i havent seen SEG, will check it out. Thank you again for the suggestions. i guess everywhere also price is high. but good options as well to look at auction house... thanks! QUOTE(Soros007 @ Aug 21 2017, 02:17 PM) Rm 1.3mil is the 2.5 stores of western style super link, not semi d in seg. Many type SEG project, can check here http://www.setiaecoglades.com.my/products.asp#home
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