Often when people tell me about new project launches in Cyberjaya, my replied is always skeptical….
“it’s so far away, it’s very quiet and there’s nothing much in that area etc”
Until recently, I visited a friend of mine (residing in Cyberjaya) whom changed my mind and view on Cyberjaya. Pay a visit there someday and trust me you will love it too, more of a relax lifestyle living compared to hectic city life.
Governmental agencies have been promoting Cyberjaya since early 2000 and till today, there are hundreds of MSC status corporations such as Dell, HP, DHL, IBM and so on that have located their headquarters, IT centres and offices in Cyberjaya.
Besides that, Cyberjaya has become an education hub in Malaysia. Many universities such as Multimedia University, Limkokwing University, Cyberjaya University College of Medical Sciences etc. are located there. The latest statistics indicate that there are approximately 25,000 students population in Cyberjaya if not more and it is still on the rise.
So, let’s explore what you did not know about Cyberjaya:
Cyberjaya is surrounded by highly populated areas such as Puchong, Putrajaya, Kajang and Bangi. The increasing offerings of activities will cater to the future residents of this hub who are expected to be young (Gen Y and Gen Z) and/or foreigners. In this light, Cyberjaya is poised to attract crowds from most of the neighbouring areas.
- 20 minutes to KLIA 2 – Foreigners will love it when the airports are close to their workplace. It is very convenient for companies who plan to relocate their employees to this area. Future businesses and foreign investors will take this into consideration when investing in Cyberjaya.
- 25 minutes to Kuala Lumpur City Centre – As a result of the MEX Highway, many developers took an interest in Cyberjaya as MEX shortened the distance between Kuala Lumpur and Cyberjaya considerably.
- Next to Putrajaya – Cyberjaya is located close to all the government offices hence it is very
Convenient for expats/ foreigners whom need to visit the government offices often to get their Visa processing and extensions done.
Lifestyle Living – Greenery
Out of the 7,000 acres of freehold land in Cyberjaya, 48% of it will be dedicated to public amenities and greenery. Universities and IT centres are populated by young generations that are environmentally sensitive. Developers have been planning and designing their buildings to become Green Building Index rated, leaving ample space for green facilities in their developments to attract potential buyers where lifestyle is one of their criteria.
The Malaysian government initiative to transform Cyberjaya into a Global Technology Hub that is not be limited to ICT and at the same time accelerate Cyberjaya’s global leadership in Information Communications Technology. Many digital measures have been put in place by the government under the New Economic Model, Economic Transformation Plan, Government Transformation Plan and Digital Malaysia. This is to ensure Malaysia could hold its position on the global digital map. One of the aims is to provide an ecosystem to expose to technology companies as preferred investment location. This will create high technology jobs for Malaysians and to make Cyberjaya a preferred investment hub for technology companies while ensuring Cyberjaya’s to hold its position as a premier ICT location.
Cyberjaya is a city that built from nothing and therefore most of the infrastructure is well planned. Most residential areas are fibre optics ready and able to support high speed broadband services. Many multinational companies such as Dell, HP, DHL, Huawei, IBM etc. have operations in Cyberjaya due to its reliable infrastructure and support from the government. Cyberjaya span approximately 7,000 acres, and was developed with high-tech infrastructure and infostructure to encourage global corporations to set up ICT operations. To date, there are more than 800 companies established and over 35,000 knowledge workers in Cyberjaya.
Safe City to Live in
Cyberjaya was developed based on Malaysian government safe-city concept where advanced CCTV system integrated with MERS 999, a Malaysian government initiative to consolidate emergency numbers into a single number for public convenience. The primary objective for CCTV System is to ensure safety of the Cyberjaya community.
There are currently more than 70,000 population in Cyberjaya hence the demand for commercial areas is growing. There’s a new shopping mall called D’Pulze Shopping Centre (with high occupancy rates) and also Shaftsbury Square located in Cyberjaya. Furthermore, IOI City Mall in Putrajaya is only 15 minutes’ drive away.
You should always look at capital appreciation when investing in property. Cyberjaya will be fully developed within 10-15 years and the property values there will surely rise consistently over the time.
During 2007 and 2008 nobody was actually looking at Cyberjaya and the prices of properties at that time ranging from RM200 per sq ft to RM250 per sq ft but still people tend not to look into Cyberjaya. Later on during year 2009 and 2010, many big developers started to launch their residential and commercial properties in the area and the prices then increased to RM 500 – RM700 per sq. ft. In my opinion, in the long run, property prices in Cyberjaya will definitely increase when the whole township are more developed with greater transportation and infrastructure linked.
As with any other property investment, the ability to have strong holding power is required if you are planning to invest into Cyberjaya, only then will able to see the reward. If flipping is your property investment strategy, then Cyberjaya might not be suitable in my opinion. Cyberjaya will only be suitable as a long term investment plan.