Well its Cyberia lor..
One of the early development in cyberjaya..

https://www.thestar.com.my/metro/metro-news...ours-of-launch/

Well, that’s a shocker despite popular belief that Cyber is doomed.

The point is, it’s STILL selling despite surrounded by so much negative news and people like you and therefore all previous assumption and speculation are now moot.

That’s the funny part. U said auction til 5/6 rounds and yet people still investing in Cyber. Shouldn’t they stay away and be cautious?

Whether u have feeling or not, it doesn’t concern me a bit. I just wanna know what makes those people buy.

   
:confused:  :confused:  :confused:
   

When i step in cyberjaya, many unit still unsold from developer.
But, i dunno how to react when read this news.

Just recently bought Landed in cyber. Nice to see so many haters and believers. Let's see where Cyber leads in next couple of years. Also notices there was an old thread on "Is Cyber turning into Puchong"? Since I'm staying at Puchong now, if that happen, it will be a biggest nightmare.

You’re contradicting yourself. At first u said people buy coz it’s cheap. Then u said why bother investing in Cyber knowing the price hardly rises. Aren’t those buyers buying for investment? What else can it be? If Cyber has no future, people won’t even risk buying no matter how cheap they can get it for.

Back to the car theory. Why buy proton knowing it’s extremely unreliable? (Sorry people who use proton) Why not buy parodua for the same price?

If it’s not contradiction then what it is? Are you saying they’re stupid based on ur comparison and logic? I don’t think they’re as dumb as the way u think they are. And I believe those buyers are from KL area just like you and me. Surely there’re some factors that draw them to buy. And if price is main factor then developer won’t have problem selling nx time regardless where, even Sepang or Tg. Sepat. Perhaps it’s just prejucide on your part.

And buying overpriced property is irrational? Well it’s irrational if u’re just an average earner but totally acceptable for those rich people.

Unfortunately that's not the case, lots of cheap house not sold due to location not favourable.
And... seriously bukit beruntung sing the same praises on everything as Cyberjaya? LOL !!!

Yes there are people buying and staying at Sepang etc but to have a new launch snapped up within days is unheard of in those areas. Unless u know something we don’t.

Back to my question. Why are people still buying Cyber despite all negativity? Your justification of cheaper price draws the crowd is not very convincing. As if location and the prospect of the area don’t count and people simply buy because it’s ‘affordable’.

And from your reply, clearly u’re not... You’ll never understand how rich people think. What’s bank interest to them? Does it even matter? They buy coz they like it, not coz of price or interest rate.

Precisely, we are waiting for DJIA to hit 28000

Since 2008 people starts selling interest hike, sorry for those who believe in such story.

U’re still not getting it. It doesn’t matter to rich people. U don’t know coz u never are one? I’m referring to expensive property. I’m not talking about ordinary ones.

It’ll affect majority of the people but not the richest 10 percent. Just admit that ur analysis is partially wrong.

I always wondering how those data are derived, because many people around me are much much richer than that....

The problem with people keep thinking/hoping property will go down is they never get to own one, because they never know when is the lowest, and they always think it will go down further. When it's time to make the "buy" decision, do it and stop worrying too much as long as you know what you are doing.

If those reports can be trusted 100% then pigs will fly. There’re many tax evaders and dirty money around which the gov can’t even track. I suggest u surround urself with more rich people and expand ur horizon a bit broader then u won’t say things like u do now. And I’m not talking about middle class here. I’m talking about upper middle class and above.

You really need to look at people around you and talk to them, find out youselve, it is not unusual for people to buy properties or lands with cash, I have seen too many of them, and they are not buying one but many units. And they don't look rich.

Well not when u have political backing and all that. Alar... takkan u dunno right. Do I have to make it so obvious? Tax evasion is rampant lah in this country. And there are many self-made millionaires also.

Data is meaningless these days. It doesn’t reflect the whole country. Data can also be manipulated to make it looks better or worse than it is. For instance, people are suffering and yet gov official says country is on right track towards high income nation and backs it with gdp growth. And one of the ways to boost gdp is by implementing gst. So in reality are we doing ok or not? You know I know lar.

When people put money in your pocket, you can decide to take it or ignore it. If you want to success, stop complaining and worrying, set your goals and take actions, and always find out the truth with your own eye.
Just my opinion.

Bro.. u work too hard.. if u really dont like cyber.. just let it be.. people can decide by themself.. no need to put all un-confirm fact just to pleased you.
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If they want to buy.. they will buy it..
I never ever think buying property and worried on the interest rates or so on.. let it be.
..
Just find what u like.. and move on..
I found my house and move on too.. if u can afford it.. and it was nice for you.. just do it..

Bank valuation 700k. See the comparison.
If no taker this round, next new value will fall below 400k.

NO BIDDER!!!

drop below 393k next round.

Surely, the auctions intensely  discussed by some here would not cause a Sub Prime situation in Cyberjaya....

As to interest rate hikes, the hikes apply worldwide , not just to Cyberjaya properties alone.

If u are a true investor , u could sense the expected hikes long time ago..either the info comes directly from Fed or read the news locally....aka most  investors are well informed