Chief economist from IQI Investment Group, Shan Saeed shared about his insights on property investment outlook of Cyberjaya, Malaysia.

There are seven reasons why I stand bullish on Cyberjaya:

Government-Backed

Fist is it’s government-backed. Whenever the government initiates any plan or project, that initiative will never fail. The government took a very important step, which is providing apartments to civil servants. This is an excellent initiative.

Foreign investors

Second are the investors. Who are investing in Cyberjaya? These are the Chinese, the Malaysians, and the Japanese. The Japanese are coming in huge waves because of their having pulled out of Thailand due to uncertainty with the flooding situation, which the Thai government has not been able to control. They have moved to Malaysia, which I think is a very stable country because the government is focused and investor-friendly.

Cash Savings

Third reason is because of the Cash Savings. Most of the investors coming to Cyberjaya are actually quite rich and are buying all sorts of property. Yesterday, I was talking to someone who said she bought two units close to Mirage by the Lake. Mirage by the Lake is a very good project by OSK.

Sovereign Wealth Fund

Fourth is the Sovereign Wealth Fund. In the next five years Sovereign Wealth Funds would be driving the global market. In Iskandar two giants have taken position which is the CIC of China and the Temasek of Singapore. Sovereign Wealth Funds like the Khazanah, CIC, Temasek, Qatar Investment Authority take a long-term position. When these funds take position in any company in any region, you know that it’s a long term initiative – like five to fifteen years. So, Khazanah with UEM is quite involved.

IT Hub

Fifth is it’s an IT hub. IT companies are already there. Most of the big names like Oracle, IBM, Dell, HP, Intel are already there. Shell, HSBC, etc have also got their IT people relocated.

Next to Putrajaya

Sixth is it’s close to the government offices. Most expats/ foreigners like to stay close to the government offices while they get their work done. Putrajaya is near, which is an advantage for the expats and the multinationals in getting their requirements in order like Visa processing and extensions.

Value Selling Proposition

Last and the most important reason is that the VSP (Value Selling Proposition) for this area is the KLIA 2, which is just twenty minutes from Cyberjaya. Foreigners love it when airports are close to their workplace. With the KLIA 2 coming, it’s very convenient for foreign workers who are already here. And it’s very convenient for companies who want to relocate their employees to this area. Also, most decision-makers are always travelling in this region, so for them, hassle-free travel is quite a big draw.

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KCLau
KCLau

Personal finance author and trainer

    1 Response to "7 Reasons of Cyberjaya’s Exceptional Growth"

    • cheefai

      Can I know when was this article written? This goes to all your articles, so that it recorded your thoughts at that point of time.

      Knowing the date of this article means we are able to evaluate your prediction whether it is correct or not when the time comes.

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