Cyberjaya: Constantly Progressing Upwards

Cyberjaya: Constantly Progressing Upwards

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 o ers 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?

 

Table 1: Primary market value for high-rise and landed properties in Cyberjaya (from 2010)
TYPES LAUNCHED SALES RM/SQFT AFTER DISCOUNT RM/SQFT
Condominiums August 2012 75% 400.58 372-380
428.05 392-406
429.35 393-407
666.67 599.00
Serviced Apartments Middle 2010 85% 571.43 513.00
600.00 540.00
609.93 602.00
Serviced Apartments, Office Towers, Strata Offices, Hotels, SoFo Duplexes and SoFo Studios Early 2012 95% 596.51 589.00
614.43 608.00
90% 644.44 598-611
SoFos, Retail Apartments, Hotels, Malls October 2012 80% 619.26 575-588
591.84 549-561
Serviced Apartments February 2011 Sold Out 445-500
End 2010 507.00
Semi-Ds and Links 380-640
2010 95% 600.00
Superlinks 80% 350.00
Semi-Ds and Superlinks 2010 90% 450-500  

LANDED RESIDENTIAL MARKET (TERRACE, SEMI-DETACHED AND DETACHED HOUSES) IN DISTRICT OF SEPANG

Existing Supply

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 Certi cates 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.

Some of the housing schemes in Cyberjaya and Dengkil localities can be seen in Table 2 below:

 

Table 2: Housing Schemes in Cyberjaya and Dengkil localities
TERRACE HOUSES PRICES (RM/UNIT) SEMI-DETACHED HOUSES PRICES (RM/UNIT) DETACHED HOUSES PRICES
CYBERJAYA
Summerglades Perdana Lakeview West 1,000,000 to 1,200,000 Evergreen, Garden Residence 1,300,000 to 1,600,000 Aspen Villa & Clover, Garden Residence 2,100,000 to 2,500,000
Ceria Terrance, Cyberjaya 800,000 to 1,100,000 Trillium, Cyberjaya 1,800,000 to 2,200,000 The Mansions, Perdana Lakeview East 3,500,000 to 4,000,000
Trilium Cyberjaya 1,800,000 to 2,200,000 Cassia, Garden Residence 1,400,000 to 1,600,000 Apex Residence, Cyberjaya Incoming Project
Schumann Symphony Hills, Cyberjaya 900,000 to 1,200,000 Perdana Lake View East, Cyberjaya 2,000,000 to 2,500,000 Astonia I & II, Sejati Residences Incoming Project
Liu Li Gardens, Setia Eco Glades 1,300,000 to 2,100,000 Beethoven, Symphony Hills 2,100,000 to 2,400,000
Lepironia East Gardens, Setia Glades 1,900,000 to 2,200,000
Lepironia West Gardens, Setia Galdes 2,100,000 to 2,300,000    

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 de nitely increase.

 

4) Which are the hot spot areas?

Those areas which are within a 5/10 minute walk from the feeder bus stations.

James Tan, Associate Director of Raine & Horne International

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