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

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icemanfx
post Aug 21 2017, 03:02 AM

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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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Rental is more responsive to market demand and supply, is a leading indicator of property price. CBJ property price is expected to drop significantly.

zres


This post has been edited by icemanfx: Aug 21 2017, 03:03 AM
icemanfx
post Aug 27 2017, 07:40 PM

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With over 20 towers under construction in cbj, unless population could be doubled and tripled in 3 and 5 years time; over supply will be overwhelming. until over supply is digested, price is almost certain on down trend.

Economic direction and trend doesn't need crystal ball to read.


This post has been edited by icemanfx: Aug 27 2017, 08:28 PM
icemanfx
post Aug 27 2017, 08:59 PM

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QUOTE(Soros007 @ Aug 27 2017, 08:44 PM)
Same robot out of office replied in place again.
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cbj facts and prospect remain unchanged.

This post has been edited by icemanfx: Aug 27 2017, 11:44 PM
icemanfx
post Aug 28 2017, 01:13 PM

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QUOTE(CK15 @ Aug 28 2017, 01:03 PM)
They are not many pro property investors out there. Many tin kosong or half full speaking laud only. So, using standard ruler to measure everybody will not help. Emotion and greed influence more than logical thinking for majority buyers. So, they still have buyers in Cyberjaya. Just not you.
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Pro property investors shy away from high rise residential.

This post has been edited by icemanfx: Aug 28 2017, 01:16 PM
icemanfx
post Aug 28 2017, 11:20 PM

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QUOTE(Zres @ Aug 28 2017, 02:14 PM)
LOL fun this read CJ thread in property talk again.

you really think similar with Icy, a simple logic to conclude things...if CJ good for ownstay why people don't rent, if Melbourne is well known as top liveable city in the world then why still have any vacant rooms or units? if CJ is bad for own stay, why the CJ own stay population still growing?

Good for own stay bad for investment simply means the supply/VP units at this moment (At this moment!) is faster than the population growth in CJ.
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There is over supply of high rise condo in kv for the next few years but some area is worst (in number, % or both) than the others.

At current number of units under construction and planning, cbj population need to double and triple in 3 and 5 years time else over supply will be acute. interestingly, number of developers unsold units in cbj is growing faster than population growth.

Melbourne is a liveable city is generally acknowledged hence remain in demand and price keep rising. however, cbj is liveable is only claimed by those with vested interest hence number of unsold units is increasing and price is either depressed or dropping.

This post has been edited by icemanfx: Aug 29 2017, 08:39 AM
icemanfx
post Aug 29 2017, 01:31 PM

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QUOTE(Zres @ Aug 29 2017, 11:36 AM)
always remember

fact no.1 - haters will continue to hate

fact no.2 - CJ getting better, population is growing. weekend crowd growing (govt sch, sjkc, king henry college, mrt, hospital & etc etc)

fact no.3 - refer back to fact no.1

whether u like CJ or not...that's the fact, so now I talk less but I still enjoy reading and laugh at all the arguments, be it positive and negative on CJ  rclxms.gif
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Which area in kv, population is not growing or lacking gomen services and facilities?

The issue with cbj is the population growth is slower and lower than number of units vp.


This post has been edited by icemanfx: Aug 29 2017, 02:48 PM
icemanfx
post Sep 1 2017, 10:57 AM

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QUOTE(AskarPerang @ Sep 1 2017, 10:22 AM)
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
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If a few more similar properties are transacted at about this price, bank/valuer valuation will be benchmarked at this level.

icemanfx
post Sep 2 2017, 01:09 PM

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QUOTE(Zres @ Sep 2 2017, 01:05 PM)
In short, development in CJ was a flat line from 2000-2012, but after that the line spike up in the graph...still up trend with all the focus from private and govt
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Development doesn't mean demand. Until the 20+ wip towers are digested, CBJ property price is on downtrend.

This post has been edited by icemanfx: Sep 2 2017, 01:26 PM
icemanfx
post Sep 2 2017, 01:17 PM

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QUOTE(DS4 @ Sep 2 2017, 11:32 AM)
The whole of cyber will be revitalise upon the completion of SSP MRT Line2.
Still need to hold for few years....imo
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Not that supply is limited, why want to drain cash flow for next 4 to 5 years?

There is MRT in SG buloh, how much has property price in SG buloh has appreciated due to MRT factor alone?
icemanfx
post Sep 3 2017, 01:36 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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Believe this asking price is nothing new and not due to MRT factor alone.

icemanfx
post Sep 3 2017, 04:53 PM

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QUOTE(AskarPerang @ Sep 3 2017, 04:42 PM)
sky and earth comparison.
one is a dead old town. one is a well plan town for the future.
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Number of oversupply in CBJ is comparable with bukit berutung in 1997.

icemanfx
post Sep 3 2017, 05:36 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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There is data on number of supply and transaction at napic for your reading.

For reasons those have vested interest in CBJ are desperate and aggressive.


This post has been edited by icemanfx: Sep 3 2017, 05:45 PM
icemanfx
post Sep 3 2017, 09:59 PM

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QUOTE(BetfairTrader @ Sep 3 2017, 02:17 PM)
cyber is kinda of like a ghetto now

infested with arabs

i did not say this because i want cyber property price to go down. i live here, i am just telling u what life is like here.
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icemanfx
post Sep 4 2017, 07:04 AM

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QUOTE(Soros007 @ Sep 4 2017, 06:51 AM)
Bro Cabinda don't waste your time.
Ask this guy to wait la Rm 80k for a studio.
Hahahaha.
Just too many this kind of ppl in LYN that is still living in dream than reality. Another type is always the 20 towers WIP theory only mindset.
Cyberjaya's accessibility is good, infra is good.
Play, work, live and study - cyberjaya has all the factors now. Just need time to be mature and vibrant.
Last time ppl complaint Kota Kemuning too far too quiet, puchong is too outskirts and going there to eat Wildboar, kepong is a gangster place etc.
if u r interested just buy, not interested pls move on.
Don't kpkb here to show ur ignorance and stupidity.
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CBJ infrastructure was built 20+ years ago. If these infrastructure is the reason of success, it would have years ago.

Oversupply in CBJ is undeniable and need many years to consume. Before oversupply is digested, price is unavoidable on downtrend.

Believe Kota kamuning and puchong were developed at about the same time as CBJ. For reasons, CBJ lagged behind.

This post has been edited by icemanfx: Sep 4 2017, 07:38 AM
icemanfx
post Sep 4 2017, 08:24 AM

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QUOTE(thecaterpillar @ Sep 4 2017, 07:59 AM)
I just hope it will be successful, not abandon proj or fail to get tenants when ready. Seriously, I don't hope for other places to fail too.

Cyberjaya don't need the biggest mall. Cyberjaya have nice neighbourhood. Also IOI city mall  nearby is big enough, add in their phase 2 then it will be one of the biggest in malaysia. At least ioi city mall looks much more promising.
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Ioi city mall is about 15km from cyberjaya. 15km is beyond dbkl boundary from klcc.

icemanfx
post Sep 4 2017, 12:41 PM

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QUOTE(Soros007 @ Sep 4 2017, 08:55 AM)
CBJ was built 20+ yrs ago with no play (shopping) and live (quality residential) factors at all. These factors only started to come through in last 2 yrs (D Pulze opened in 2015).
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More like some people bought into developers promotion. unless cbj population could be doubled and tripled in 3 and 5 years respectively, oversupply will be acute.

QUOTE(newsongfashion @ Sep 4 2017, 09:22 AM)
How you measure 'lag behind' where there's no apple to apple comparison. If you look at the quality of township and building's architectural and uniqueness, those township you mentioned are far lag behind than CBJ

There's many international & local company, school, mall, university, lake, garden, bicycle track along roadside where its' uniqueness can't compete by other township. Just within this small CBJ area there is already 3 Starbucks outlet. One chinese school already going to intake for next year. And there 's more to come with future MRT/LRT , Cyberjaya City Centre etc. I don't think the developer, not one, but many esp. those established and branded, are stupid enough to take the bold step to built so many residential/commercial property if there is no potential in this area.
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cbj is largely populated by students. starbucks and fast foods restaurants are catered for these students population.

developers were riding on property bull run, they are not stupid but greedy.

QUOTE(jetwash @ Sep 4 2017, 10:00 AM)
The reason why it lagged behind was the lack of affordable residential units. Even now we are only seeing high-end residential units being offered, and more and more of those box-type studio units.

Even Cyberia auctioned at 180k 10 years ago wasn't exactly cheap.
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When were cyberia smarthomes, cyberia crescent, Taman Pinggiran Cyber, town villa, etc built? what is the price compare with those under construction?

icemanfx
post Sep 4 2017, 12:52 PM

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QUOTE(Cabinda @ Sep 4 2017, 03:25 AM)
Haha... Keep waiting.. probably you will just need to wait until 1998 you will get to buy at 80k for studio unit.. remember keep hoping and waiting... Don't give up.. definitely you will find one.. haha...
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http://www.peterpropertyauctions.com/25521047
http://www.peterpropertyauctions.com/25259201

In the long run, property price rise at about inflation rate.

at 5% p.a., $80k in 1998 is worth about $200k today. with more auction expected in the next few years, it is almost certain could buy a studio unit in cbj for $80k or less in 1998 value.

This post has been edited by icemanfx: Sep 4 2017, 01:12 PM
icemanfx
post Sep 4 2017, 01:16 PM

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QUOTE(Zres @ Sep 4 2017, 12:26 PM)
Today what I can see CJ supporter don't really hard sell CJ, can read the thread from beginning, not many ppl keen to defend negative opinion. Instead, icy is more agreesive and desperate to bring down Cj, as usual, she never changed smile.gif

Help indecisive to make decision? Ppl make few hundred K decision by visit the location, feel and see the actual environment. Ppl make investment decision with their own due diligence. Some forumer over estimate themself and think the noise here can affect their decision, no way man. For those buyer who don't like to do their homework, no way u can save them, they will make mistake anytime anywhere ...
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If CBJ is half as good as CBJ lovers claimed, newly VP price won't have dropped e.g mbtl.

icemanfx
post Sep 4 2017, 03:22 PM

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QUOTE(Zres @ Sep 4 2017, 02:58 PM)
Generally, every places are hard to flip now. The property transacted price in many prime location with new lrt stations also dropped. I keep track and observe bcos I own prop in other places too.

If we talk about exception, every where are the same too.
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However, property price in other areas hasn't suffer auction and price dropped as much as CBJ.

Those who bought during the bull run are likely be under water.

icemanfx
post Sep 4 2017, 04:37 PM

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QUOTE(ahkit123 @ Sep 4 2017, 02:21 PM)
Reports indicate that work has begun on clearing land parcels around the Putrajaya toll plaza area to facilitate the start of the Lebuhraya Putrajaya – KLIA (MEX II) expressway extension project.

The new expressway plans to provide the shortest and most direct route between the KL city centre to the KLIA and KLIA 2 when linked to the existing 26 km-long MEX, which was completed in 2007.
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user posted image
http://www.mex.com.my/mex-2/

mex 2 will physically cut cbj into two halves and there is no mention of access/exit in cbj.

This post has been edited by icemanfx: Sep 4 2017, 04:38 PM

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