Cyberjaya was once regarded as a place to work or to study. The perception has changed and it is now considered as a place where people can actually stay and commute to work in KL or PJ. James Tan, Associate Director of Raine & Horne International shared his views on the potential growth of Cyberjaya.
1) Apart from being a well- planned city, why should one consider investing in Cyberjaya?
Cyberjaya offers excellent communications and physical infrastructure as well as excellent highways such as MEX, SKVE and the proposed MRT Line 2. Travel to the city will be a breeze. It is a growth area with amenities which are being constructed.
2) What are the primary market values for high rise and landed properties in Cyberjaya from 2010 till now?
LANDED RESIDENTIAL MARKET (TERRACE, SEMI-DETACHED AND DETACHED HOUSES) IN DISTRICT OF SEPANG
In Q4 2014, the Klang Valley’s existing housing supply increased by 3,345 houses (within 33 housing projects) to 513,836 houses. Several housing schemes, despite being physically completed, were still pending the issuance of Certificates of Completion and compliance (CCC). About 66% of the houses completed in Q4 2014 was represented by terraced houses (2,199 units), located in Petaling, Klang, Hulu Langat, Sepang, Kuala Lumpur, Kuala Selangor, Kuala Langat and Putrajaya and Cyberjaya districts, followed by 870 semi-detached houses (26%) and 276 detached houses (8%).
Notable existing housing schemes with completed landed properties (terraced, semi-detached and detached houses) in the Cyberjaya locality include Garden Residence, Symphony Hills, Summer Glades, Perdana Lakeview East and Perdana Lakeview West. Whereas notable existing completed housing schemes in the Dengkil locality include Taman Dengkil Jaya, Taman Desa Dengkil and Taman Intan.
3) One of the HSR stations is Putrajaya. Property expert Ho Chin Soon commented that Cyberjaya is the biggest beneficiary and highlighted the need for townships in Cyberjaya to provide a feeder bus to the station. Will the property prices in the surrounding areas then increase gradually?
Yes, it will definitely increase.
4) Which are the hot spot areas?
Those areas which are within a 5/10 minute walk from the feeder bus stations.