Rising as Cyberjaya’s first integrated mixed development is NeoCyber, a freehold project by Emkay Group under its subsidiary Laketown Sdn Bhd. A product of meticulous planning, the development is another exciting offer from one of the country’s premier brands, joining Emkay’s other projects in the area including Star Central Cyberjaya and Autoville @ Cyberjaya.
A Blend of Life and Work Lifestyle
Expected to be completed by 2014, NeoCyber spans 21.17 acres of freehold land with a GDV of about RM423 million. A total of four phases will comprise the venture offering a mix of commercial and residential investments. From serviced apartments to commercial lots, spaces, shops and a Grade A office block, NeoCyber will have something for homeseekers, business investors and aspiring entrepreneurs. Complementing the vibrant “life and work” atmosphere are the park and playground taking care of the “play” element.
With emphasis on creating a well balanced lifestyle, NeoCyber seamlessly blend commercial and residential elements side by side. At a glance, the four phases include the following developments:
> Phase 1 – Biz Avenue I and The Domain
> Phase 2 – Biz Avenue II and Commercial Lot
> Phase 3 – Office Towers
> Phase 4 – APARTMENTS, Domain 2 to 5 Apartments
Choices and Cost
Under the first phase, a total of 67 units of strata shop offices and 272 units of serviced apartments were offered. All units are already 100% sold out for both projects, a good indication of how the development is doing as a whole.
Biz Avenue I units typically cost from RM250,000 to RM500,000 while serviced apartments were cheaper and priced according to built-up. There are three cozy layouts to choose from and built-up vary from 550 to 750 sq.ft. Price tags also vary accordingly ranging from RM150,000 to RM200,000 when it was launched.
Though the units are relatively small, the space is sufficient for young professionals who prefer a modest unit rather than a large one that requires tedious maintenance. The price is a steal as well considering that the units are situated within the blossoming Cyberjaya. Just the same, it pay to check on NeoCyber’s fair market value. To help you, here’s a free copy of our price valuation guide.
Following the first phase are more shop offices (138) under Biz Avenue II and commercial lots with areas measuring 6,555 sq.ft. There’s also an 11-storey office tower that’s no open for lease. Lastly, Phase 4 has more apartment units available in various sizes and design.
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Strategic Location for Good Returns
Smacked at the epicentre of Cyberjaya, NeoCyber is surrounded with a host of modern amenities. From schools to shopping malls, public transport, medical centres and commercial establishments, the vicinity is brimming with them meeting all your needs. Additionally, easy access is an added allure. Key centres like KLCC, KLIA and Putrajaya are all reachable in less than 30 minutes via major Highways like MEX.
What We Think
As Cyberjaya’s first integrated township, NeoCyber puts out itself as an excellent prospect especially for those inclined to establish their own business. Not only is it strategically located near The Street Mall and a bus terminal, but NeoCyber is nestled in a large rental market serving the influx of students in Cyberjaya. In fact, the past years have seen excellent returns for the Domain Series. According to Emkay, investors have enjoy a good 7% investment return while capital appreciation was at at about 20%.
To date, majority of the apartments are already sold out but Domain 5 is still open for sale. There are 240 units available under this component and the project is expected to complete in 2014. If you’re interested on taking part with what’s happening at NeoCyber, make sure you know the development’s fair market value first. To do that, download our free ebook guide below.