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

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SUSempatTan
post Nov 15 2017, 04:57 AM

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QUOTE(wanted111who @ Nov 15 2017, 02:32 AM)
Been awhile since I last blow water about cbj.
I used to work for about half decade in cbj.
Back then the town is really boring, the only residential property in cbj is neo cyber, melor, country height townhouse (forgot the name), cyberia and cyberia crescent. No other residential unit exist. Years is 2010. I still remember, the only place where I can have my lunch  is at terminal, cbd 1, oldtown.
I travel to work daily and decided to rent in puchong after about half year working there. Of course, I wanted to rent in cyberjaya at first, but the rental in cbj is very expensive.
I still remember when I told my senior that I planned to rent in cbj, he immediately respond and told me that it's very expensive and it's better to rent somewhere nearby and travel to work by dts.
Upon surveying, the lowest rental I can find is 1700 for cyberia condo. I gave up renting in cyberjaya and the rest is history.

Fast forward to year 2011-12, I saw many new project coming into cyber and seriously surveying the market in cyberjaya. As I stay in the company for long time, I found out that everyone (my colleague) like to live in there only if the rental is cheaper. I come to a conclusion that
1St everyone like to stay nearby the office of they can, no one like to travel even if there is no traffic coming to work.
2nd, we are all kuli, no one who are single or couple willing to spend 1600-1800.00 on rental every month.
3Rd, there is nothing in cyberjaya. We are getting sick of limited choices during lunch hour.Can't imagine need to feel the same for dinner as well.
My survey covers far deeper than that. I monitor the water and electricity disturbance there and Internet as well. The infrastructure,  I notice the road is wide until one day I notice it's purposely done so the road can be change to 3 lane.by that time, I'm already in love with cbj. Day in day out, I'll log in to the Internet when I'm free just to Google about cyberjaya. Of course,  wasn't much info I can get in lyn at that point of time. I got most of my question answered in setia haruman and cyberview site.
End of 2011 and 2012, I begin to target on cyberia condo, I got a few other options back then, dpulse, Shaftsbury, Garden Plaza, dibs is popular.
End of my hunt,  I get my ball of steel to make my move on cyberia condo. After that more options pop up mbtl, arc,pangaea, serin, skypark, the place. Wanted to get serin and was told its already sold out (few days after the launch) hp guys Sapu.. Too late for me.

I got a unit not in the heart of mmu and since then many good news that is out of my prediction. Ioi putrajaya, mrt, hospitals, Chinese school, and recently mcd, another wonderful news I discovered today.

My take is, many people work there but not living there. Low rental might be good and act as catalyst. Infrastructure bring in residential, residential bring in more infrastructure. More infrastructure bring in more residential and it will become a loop. University is a bonus.

Seeing other boss telling over supply make me wonder if cyber is really out of supply? Or it's not efficient enough to tap the supply?  Which is which? Worst come to worst I just stick the big banner along the bus stop renting out rm 1000.00 and camp until skypark and mrt completed.

Worker who work in dpulse today isn't working there back in 2010. Just like no worker in skypark now doesn't mean there will be no employment from skypark once it's completed and occupied in the future. Can in consider the worker as supply? If yes, then the logic of more project means oversupply is invalid because the new project is hosting new batch of supply. Unless that place isn't attractive enough for people to start a new business.
Of course, all is just my personal opinion and I also understand that not many people comprehend or agreeing with this concept.

From bottom of my heart, if given another choice, I'll still make the same choice today. But unfortunately I'm already capped.
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Congratz!
SUSempatTan
post Dec 16 2017, 05:03 AM

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QUOTE(MattChan @ Dec 16 2017, 04:29 AM)
I agree on the current investment condition is not favorable but at the same time it can also be good opportunity. I'm sorry, i don't understand what do you mean by simply shoot for fun? tongue.gif  In my opinion the determinants of the price and potential yield of the property can be both Macro perspective (such as current economy, demand supply of the location, nearby amenities etc.) and Micro perspective (unit type, level, condition, facing and so on). Why i say its a good option for investor to consider Cyberjaya now is base on the Micro and Macro perspective, For Macro perspective, base on the similar price range, there is limited well plan G&G community in 2nd tier of Klang Valley have similar facilities such as highway access, public school, international school, hospital, university, publlic transport (MRT, KLIA transit), lake gardens and so on. As for the Micro view, there is luxury of private facilities such as private club, good landscape and garden, securities which is the priority of the G&G community (for example SEG, Sejati, SH, GR). Base on the current condition, the weak market and oversupply situation is providing opportunity for a better bargain and price for investor, that's why i think it might be a good opportunity. BTW, u might get luck in the Auction market as well. That's just my 2 cents,  biggrin.gif
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I agree.
SUSempatTan
post Jan 11 2018, 02:09 PM

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QUOTE(Love Cyberjaya Property @ Jan 11 2018, 07:21 AM)
i feel very peaceful and save. i stayed 11th floor studio and can really enjoyed the fresh air in the morning. dislike my landed house in sunway......everyday jam and so polluted.
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I never liked sunway either... The v definition of concrete jungle, and built on x mining land with latent radiation still lingering around... But when d mindless herd charges in, sai also becum ong...

This post has been edited by empatTan: Jan 11 2018, 02:09 PM
SUSempatTan
post Mar 13 2018, 05:50 PM

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Under 300k, cbj can punt...
SUSempatTan
post Apr 7 2018, 04:49 PM

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QUOTE(ericne @ Apr 6 2018, 12:32 AM)
RM569,100 was the original purchase price. It’s then adjusted to RM262,500.
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So means sibehjaya psf is $250...?...

 

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