More so, the development is located right next to Multimedia University and within a few kilometres to Limkokwing University – making it a top option for student renters.
Hence, Cyberia Smart Homes continue to generate interest among investors, especially, even though the project is already more than 15 years old.
Shaftsbury Square Residence which was completed in October 2013, commands reasonable interest even with its slightly higher average price per sq ft at RM690.
Located in the heart of Cyberjaya, Shaftsbury Square Residence is a modern integrated residential and commercial development comprising of SoHo, serviced apartments, offices and retail shops.
With its units ranging from 463 – 1,373 sq ft, there is an option for a wide range of buyers – from single working adults to young families. The development also features luxurious components such as fine furnishings, solar powered hot water as well as fibre optic infrastructure and broadband connectivity.
Among the non-landed residential variety, condominiums appeared to be the most affordable at an average median price per sq ft of RM399. Next in line are apartments at RM539 per sq ft, followed closely by serviced residences at RM588 per sq ft.
Why Is Cyberjaya A Residential Option?
Charles Tan, property investor and blogger believes that Cyberjaya is a good place to call home. Firstly, the city enjoys great connectivity. Now part of Greater Klang Valley, Cyberjaya is served by numerous expressways; namely the Lebuhraya Damansara- Puchong (LDP), North – South Central Link (ELITE Highway), South Klang Valley Expressway (SKVE) and the KL – Seremban Highway (SILK). The Kuala Lumpur International Airport and LCCT is also a mere 30 minutes away.
The MEX Highway (KL – Putrajaya Dedicated Highway), which opened in 2007 has made the commute to the KL city centre all the easier – it takes but 20 minutes to get to KLCC.
Existing public transportation includes the Express Rail Line (ERL) which connects Cyberjaya to KL Sentral and Putrajaya. The upcoming MRT Sungai Buloh-Serdang-Putrajaya line which will see the city receiving two stations, namely Cyberjaya North and Cyberjaya City Centre, will further enhance commuters’ convenience.
The next point to consider is the quality of life factor. Admittedly, Cyberjaya is comparatively quieter than popular suburbs such as Bangsar, Petaling Jaya and Kota Damansara. It is, however, well equipped with the necessary commercial elements – there is the D’Pulze Mall within Cyberjaya as well as Alamanda, Putrajaya and IOI City Mall, both located 15 minutes away.
With considerably less hustle and bustle, Cyberjaya is perfect for families with young children. 48% of the city is reserved for public amenities and greenery, such as community clubs and sports arenas as well as public parks and lakes. Also, there are sufficient schools, government centres as well as no traffic jams to worry about!
Job opportunities are aplenty with the many MNCs and global support centres in the area – there are an estimated 800 companies with 35,000 knowledge workers in Cyberjaya and this has helped the daytime population to reach 80,000.
Cyberjaya is also not lagging behind in terms of security. The city has its very own fully integrated Malaysian Emergency Response System (MERS) 999 CCTV system, launched in 2009. The system is designed to be able to operate round the clock, in all types of weather conditions and capture quality day-time and night-time images, utilising Cyberjaya’s fibre-optic backbone system
Being located next to Putrajaya is another plus point – as it is the government administrative centre and the location for the planned High-Speed Rail (HSR) project, Cyberjaya will stand to gain from the spill-over effects.
Besides Cyberjaya’s master developer, Setia Haruman; big property players have already staked a claim in the township and are working to transform Cyberjaya into a complete future city to live, study, work and play. These include UEM Sunrise Bhd, SP Setia Bhd, Emkay Group, Glomac Bhd, Paramount Property Sdn Bhd, Areca Properties Sdn Bhd and MCT Consortium Bhd.
Cyberjaya’s residential landscape now boasts landed properties including terrace houses, semi-detached units, bungalows, SoHos (Small office Home offices) as well as serviced apartments and condominiums besides commercial properties and offices and shop offices. The city is also set to receive an additional five new malls in the near future – namely Radius @ Cyberjaya, Vita Cyberjaya, Galleria Cyberjaya, Skypark Cyberjaya, Tamarind Square and Gem in Mall.
A Growing Expat Community
Cyberjaya is home to 6 colleges and universities – the two main ones, Lim Kok Wing University and Multimedia University (MMU) have a considerable foreign student population. Many of the graduates stay on to work in SME tech companies and tech start-ups in the area. So much so, Cyberjaya’s population have been growing steadily and is estimated to top 100,000 by end of 2016.
According to Charles, Cyberjaya can be a good retirement hotspot for foreigners, especially MM2H applicants. With its warm climate, affordable medical services, culture diversity and good food, Malaysia is an attractive option for foreign retirees. Cyberjaya has the distinct advantage of being a low-carbon city and one where huge plots of land are reserved for greenery – all which are major selling points for expatriates and retirees who prefer a quieter and greener environment instead of the usual hustle and bustle of their home cities.
There are developments being built to cater to the potential demand. One of them is Roppongi@Cyberjaya, named after the Roppongi district in Tokyo. The development integrates work, dining, shopping, entertainment and education all within a high-density, high-intensity yet green urban environment. The project will be the first ‘micro-climate township’ in Malaysia and is slated for completion in 2019.
Smart and Livable City in the Making
Cyberview Sdn Bhd, the government-owned company mandated to spearhead Cyberjaya’s development is shaping the perfect ecosystem to woo in big tech players and in turn generate high-value job creation.
While its original aspirations were focused on ICT, Cyberjaya is now upping the ante by positioning itself as a more encompassing global tech hub.
To date; 71% of Cyberjaya’s land has been developed, is under construction, or in planning stages. The tech hub is today home to more than 800 companies, of which 40 are global and regional multinationals. Some of these tech giants include Dell, IBM, HP and Motorola.
Residents stand to benefit from these foreign direct investments – the need for a smart and liveable city is more crucial than ever in order to sustain a global entrepreneurship hub.
Potential homebuyers will be glad to know that Cyberjaya will have its very own government hospital by 2018. Costing RM500 million, the hospital will be built in the vicinity of Autoville within the next 2 years.
In a bid to make the city more attractive, improvements in physical and digitaI connectivity are underway. Some of the efforts undertaken to improve the city’s ‘soft’ infrastructure include Smart Environment features, which are used to improve energy and resource efficiency. There are also technologies in place to elevate the economy – including solutions like interactive hyper-local advertising to offer products and services to the right people at the right time.
In addition, residents, businesses and visitors now have internet access with broadband speeds of up to 1Gbps. On top of that, in July 2016, Cyberjaya became the first township where network operators can offer high-speed internet and 4G LTE connectivity courtesy of the 22 High-Speed Mobility Solution.
Steps are also being taken to encourage cycling and to reduce the city’s carbon footprint. A comprehensive network of cycling paths in Cyberjaya is currently being planned. Once completed, cyclists will be able to ride safely from their homes to key public transportation hubs such as bus stations, where they can continue their journey onwards via public transportation.
To support the city’s growth plans, Cyberjaya will see the development of a city centre that will create a focal point for the city and its surroundings within a 30–50 km radius. Called Cyberjaya City Centre (CCC), the project will be developed in two phases on 53 acres of land located between Putrajaya Sentral and Limkokwing University over a period of 15 years.
CCC will be consolidated into three zones, namely Vibrant, Tech & Enterprise and Gateway – where each zone will have the right infrastructure and facilities that will cultivate and support the stimulation of new ideas and inspiration, establishments of creative and commercial opportunities as well social networking platforms.
The mega development will be built to integrate with the MRT Line 2 (Sungai Buloh-Putrajaya) as well as provide seamless pedestrian connectivity via a walkway from the Putrajaya Sentral ERL Station.
With all these projects coming into place, we can only expect more robust growth for Cyberjaya in the next 5-10 years.
This article was first published in the iProperty.com Malaysia December 2016 Magazine. Get your copy from selected news stands or view the magazine online for free at www.iproperty.com.my/magazine. Better yet, order a discounted subscription by putting in your details in the form below!