Normally when investors, prospective purchasers or friends ask me about where to invest, I always recommend multiple phase projects or even better, townships.
When you purchase a property, the first thing that you want to see is good capital appreciation and this is why I recommend them to purchase in a development with a long way to go to its completion.
Cyberjaya is nothing less than this. 7,000 acres of freehold landthat will be fully developed within another 15 years and this means property values there will surely rise consistently.
We all remember well in 2007 and 2008 that nobody was actually looking at Cyberjaya as a good location for investment.
At that time, we were talking about prices of properties ranging from RM200 per sq ft to RM250 per sq ft and nobody was actually buying there.
Then, suddenly in 2009 and 2010, the first spring of Cyberjaya started.
Big developers were all there, launching their residential, commercial and mixed-use projects. Prices then suddenly jumped up to RM300 per sq ft, RM400 per sq ft, RM500 per sq ft to above RM800 per sq ft.
Suddenly, at the end of 2011 to early 2012, there has been a marked slow-down and developers didn’t launch any new projects for quite some time.
Let me call this a “well-planned property values growth” or “pushup”. Cyberjaya was a green field first; and then a crowded brown field of tower-cranes but still without life in it. Some of my friends would liken this to “not being activated yet”.
Purchasers were asking to see some projects being built before they would purchase and developers understood that. With completed buildings, the developers would have the opportunity to get better profitability from their projects.
Consequently, they slowed down the launches of new projects and instead, concentrated on the completion of the impending projects under construction.
