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

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dragenet
post Sep 10 2017, 12:04 AM

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QUOTE(MSS @ Sep 8 2017, 02:47 PM)
This condo Mirage By The Lake, really cheap nowadays.

SPA price 900k
Subsale 600k ~ 700K
Auction below 500k

enjoy buying properties in Cyberjaya, now good to buy auction in Cyberjaya but which properties should we buy.

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I understand MBTL suffers from a few issues: poor developer design - rain water floods the corridor, there were cases rain water flooded the house from corridor walkway. Besides, the maintenance fees is very high because of all the fancy landscape and facilities. This make it tough for owners to pay up maintenance fees.

So for MBTL case, its more like issue of inexperienced property developer delivering a bad product, it has nothing to do with cyberjaya as a township itself.
dragenet
post Jul 19 2018, 01:00 PM

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QUOTE(vergas @ Jul 16 2018, 08:36 AM)
Hi all, I am considering sending my kids to study at Heriot-Watt University Malaysia. Any view on where I might be able to get good rental apartment and convenient to commute to  the University? Thanks.
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If I am not mistaken, Serin Residency in Cyberjaya is the official accommodation for HW university.
dragenet
post Jul 20 2018, 05:45 PM

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QUOTE(MSS @ Jul 20 2018, 08:03 AM)
not really, uni always change the accommodation for the price sake, compete the price with new tower.
LKW many times change the contract, mmu also, KRU academy as well and many more.
don't feel happy if your condo tie a contract with uni nowadays.
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True true. Depends on pricing, safety and environment.
dragenet
post Aug 7 2018, 11:32 PM

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QUOTE(kuci_mayong @ Jul 28 2018, 02:00 PM)
Does anyone have more info on MEX2 highway? All I can find is that it's connecting KL to KLIA faster. But how fast? Also will there be a exit at cyberjaya? If so:

KL (which area?) to cyberjaya, how fast will this be by car?
KL (which area?) To KLIA, how fast will this be by car?
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I read somewhere, with the new MEX2 highway, from cyberjaya to KLIA takes 15 minutes.

At the moment from Cyberjaya to KLIA takes 25 minutes.
dragenet
post Jun 15 2019, 09:01 PM

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QUOTE(se800i @ Jun 11 2019, 10:40 PM)
So low price no ppl want? Market seriously down...
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It's about the product itself. This landed coupled with 2 blocks of high rise. You are paying maintenance for those lifts that you won't be using.

Build quality can be another factor.

Staying in landed I would want low density but obviously you don't get it here, because of the 2 blocks high rise.
dragenet
post Jun 15 2019, 09:03 PM

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QUOTE(naqib0307 @ Jun 12 2019, 12:46 AM)
Its just showing the real property value in cyberjaya
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Try look for SEG, landed price hold up very well. Other good properties in cyberjaya as well.

Bad one be it product, management or residence problem, price will not be good, just like any other places.
dragenet
post Jul 13 2019, 10:31 PM

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QUOTE(Kaypoh @ Jul 6 2019, 02:13 PM)
I think most people i know who are interested to live in cbj are young families. But those who have family probably prefer to own a house instead of renting. And they can own a house in other area at cheaper price. I would say if cyberjaya has more landed that offer midrange price, those families would actually buy and stay here. But because most landed house in cbj so far priced 800k above, not many young families can afford. And most apartments in cbj are having small sqf n studio layout. Its just wrong type of house supply here in cbj
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I think this is quite spot on. That explains why a few recent Cyberjaya landed projects are so successful. the price range from 650k onwards. Snapped up within 2 days.
dragenet
post Dec 31 2019, 08:18 AM

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QUOTE(wild_card_my @ Dec 20 2019, 05:50 AM)
The MRT station near tamarind definitely was in the older master plans. These things changed and this is what we have today (no MRT station there). But you can see the legacy remain (the 6-lane road)

For own stay its ok, but what if you need to dispose it to move elsewhere? That is why i only rented here. Would have made so much loss had I bought, even for own stay as the prices as well as rental only dropped since 4 years that i started renting here
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The oldest master plan was to include a LRT from Putrajaya to Cyberjaya, this was planned since the inception of Putrajaya and Cyberjaya. You can still see the some of the infrastructure that was constructed around putrajaya sentral and LRT bridge crossing putrajaya lake.

Yes this LRT line had a station near street mall, but the plan was scrapped under Badawi's regime due to budget issue.

MRT has never been planned going through Cyberjaya town. It will be great if government revive the LRT project, and further extend it to Kajang MRT. This will connect Cyberjaya town area to Putrajaya sentral, then to Putrajaya and Kajang.
dragenet
post Dec 31 2019, 08:22 AM

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QUOTE(wild_card_my @ Dec 20 2019, 04:41 AM)
Vega is actually west-side and Domain is in the south side. I find foods in Tamarind too hipster for me, I prefer the more family-oriented Dpulze.

Those Lakepoints are having a difficult time to sell, always see agents from real estate agencies trying to push them in Dpuzle in the past few years. A good condo would have sold out long ago. Oversupply, and all developers want to maximize their investments and built super-high condos. Cyberjaya was supposed to be well-planned, but I guess it has failed that for now.

They say there is a limit of just 4000 landed houses here, but they never said anything about high-rise. They definitely need the feeder bus or tram now, to connect to the MRT in northern Cyber.

Did you know that there was a plan for the MRT station to be built near that Tamarind? Do you see the large 6-lane road that connect that area to Setia Ecoglades? That was reserved for the MRT station, but seeing that Cyberjaya not being a successful town they changed plan and built the MRT on the further side of the town, and that was only because it was on its way to Putrajaya.
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Dude where did you get this info about MRT in cyberjaya town? Based on hearsay and never verify these information, then simply draw a conclusion without concrete facts. Very typical of you.
dragenet
post Jan 1 2020, 08:07 PM

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QUOTE(wild_card_my @ Dec 31 2019, 04:54 AM)
You are right! I think it was the LRT due to the age of the master plan, and that MRT probably wasn't even in its inception

Btw, the LRT that connects Cyber to Putra to Kajang that you are referring to is currently being considered for revival correct? I remember someone discussing that in a thread a few months ago. Currently there is a lot of traffic between Putrajaya and Kajang (a lot of government staff reside in the east side of Putrajaya), this should serve them well. Cyberjaya residents can tumpang too, and this will help the city quite a bit
I have a client who was involved with the Cyberjaya master plan. I met him recently but he was in it many years ago. I guess it was meant to be LRT and not MRT then, since the MRT is much more recent than Cyberjaya

In anycase, you do not have to be so triggered about my comments. It turns out the governments of Badawi, Najib, and resurgent Tun M have all given up on Cyberjaya. If you have any beef please take it with these premiers, all of whom are still alive, if you want to insult them personally up their faces.

It wasn't me who made Cyberjaya the ghost town that it is now, it was people who (mis)planned and (mis)build the city that are at fault. As a (tenant) resident of Cyberjaya, I am enjoying the very low rentals (vs the commitments that purchasers have to pay each month) while posting a report of my observation of this city.

I have received plenty of compliments by property investors regarding to the on-the-ground situation of the city. Some have diverted their investments elsewhere especially after I showed them the numbers from property websites like Brickz, documents of maintenance defaults in high-rises all over the city, etc. I did not lie nor do I have interests in the appreciating nor depreciating values of the units in the city.

However, if I were a newbie in properties, I would appreciate someone like myself sharing the things to look out for when buying my (first) properties. I would like someone to share these things:

1. Capital appreciation
2. Rental yield
3. Maintenance defaults and its effects on the facilities
4. Influx of people who are not desirable (when I mentioned the Mainland Chinese invading Domain 5, a lot of people with vested interests in Cyberjaya called me racists. Yet I was vindicated when it was shown that these people were scammers; they came and stayed here illegally without the correct travel documents - they needed work visa which they obviously didn't have)

I noticed that Cyberjaya investors are very vicious against people criticising their city. These levels of viciousness do not appear from investors in other cities like Puchong, Shah Alam, subsets of PJ, Rawang, etc. I can criticize (with merit) those cities and they would remain calm, as if they accept that their cities are not perfect, but there are other redeeming qualities that made them invest (and perhaps stay) in those cities. Not with Cyberjaya investors though, they are very aggressive - I think it is partly because most of them bought properties there for investments as opposed to for own-stay. They experience the stress and anxiety of capital depreciation of their units and lack of rental yield or any rental income for that matter; yet they do not get to balance that by living in a stress-free environment, with low-traffic and a ghost-town, serene vibe in selected areas.
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That's because these critics are biased with hidden agenda, often mere assumption without proper supporting facts.

If it is just and facts, all critics are welcome to make this city better. Please be constructive instead of trolling.

dragenet
post Mar 21 2024, 01:12 PM

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QUOTE(IronManz @ Mar 31 2023, 03:04 PM)
Hi, how does the situation look now in 2023?
Seems new condos keep getting built.
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Rental is increasing steadily.

 

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