Cyberview Sdn Bhd. (Cyberview), a Government owned company. Established in October 1996, Cyberview is the landowner of Cyberjaya and has been mandated to spearhead the development in Cyberjaya.
As the landowner of Cyberjaya, Cyberview’s mission is to realize Cyberjaya as a global MSC Malaysia Cybercity hub and the preferred location for ICT, Multimedia and Services for innovation and operations; and to fulfill specific Government initiatives in support of the innovation economy.
Cyberview offers potential investors facilities to suit their business needs, be they incubator centres, single-tenanted or multi-tenanted buildings; and even enterprise land in sizes tailored to requirement.
The Government has also introduced the Industrial Building Allowance (IBA) incentive, which enables building owners in Cyberjaya to recoup their building costs within 10 years of completion.
On top of that, the city features several unique initiatives in addition to ICT, business support services and physical infrastructure that has attracted numerous companies.
The initiatives, introduced by Cyberview Sdn Bhd, include the 24-hour Cyberjaya Dedicated Transportation System (DTS), which is used to ferry in employees living outside Cyberjaya to (and from) work; and is complemented by an intra-city “Park and Ride” free shuttle bus network.
Cyberview also believes in keeping an open, two-way communications with businesses; and has initiated the Outreach Programme with multinational and local corporations to enable parties to express their views and suggestions to make their operations in Cyberjaya remain seamless and efficient.
Setia Haruman Sdn Bhd. (Setia Haruman), is the master developer for Cyberjaya. Setia Haruman is targeting to fully develop the city within 15 years.
Setia Haruman is 75% owned by Emkay Group, with the balance held by UEM Land Bhd. It is entrusted with designing, planning and developing about 2,830ha in Cyberjaya.
Recently (early June 2012), Setia Haruman announce an investment amounting to RM 2.5 billion over the next five years to develop four projects and construct additional infrastructure for the area.
About RM 2.1 billion will be used to develop the projects, while RM 400mil has been allocated for the construction of infrastructure such as roads and drains, water reservoir drainage systems, sewage treatment plants and fibre optic.
Since its launch in 1997 and some RM2 billion in investments, Setia Haruman has successfully developed Cyberjaya as the country’s intelligent city.
Since 2009, other developers like Mah Sing, SP Setia, OSK and Glomac began buying large parcels of land in the area.
In 2010, 82.5 hectares of land in Cyberjaya was for sold for RM 404.3 million.
Last year the sale land tripled to reach RM 1.23 billion for 261.5 hectares, with residential developments leading the chart at RM 612.6 million followed by commercial developments at RM 395 million and enterprise at RM 156.7 million.
Only 53% of land in Cyberjaya is available for sale for use as residential, mixed, institutional, light industry (automotive), enterprise and commercial developments.
The rest of the land is reserved for public amenities, utilities, infrastructure and a green lung.
To date, there are 16 developers building their projects concurrently in Cyberjaya.
The ongoing and upcoming cumulative investments amount to about RM 20.6 billion and are projected to reach RM 52.6 billion by 2016.
Cyberview, Managing Director, Ir. Hafidz Hashim in an interview with The Star in April 2012, revealed that investments in Cyberjaya totalled RM 3.12 billion in 2010, and RM 3.1 billion in 2011.
A total of RM 522.6 million of the investment value in 2011 is generated from enterprise investment while residential investment came up to RM 2.48 billion.
Property prices in Cyberjaya have rose by about 30% over the last two years.
Investors have enjoyed return of over 10%, and retail business is thriving in Cyberjaya today.
He also stated that as December 2011, development in Cyberjaya is 27% complete.
Thirteen percent is still under construction while 31% is still in the planning stages.
Cyberjaya total population is expected to reach 100,000 by 2016 – almost double its current 54,000.
This corresponds with the total property development investments of RM 20 billion in this period alone.
With that, the grand total of investments has reached RM 32.6 billion from all major developers since 1997.
Through careful planning, Cyberjaya is today a true cybercity consisting of business incubators, enterprise development, residential properties, commercial outlets, educational institutions and other public amenities.
(this article written for 1BINA.my)
Source : Cyberview.com, SMI Business Directory, Limkokwing.net, Cyberjaya Selected As One Of Japan’s Future Cities (The Sun, 19 February 2012), Cyberjaya Set To Become Malaysia’s Silicon Valley By 2020 (NST, 2 June 2012), Cyberjaya Developer To Pump RM2.5bil (The Star, 2 June 2012), Emkay’s New Cyberjaya Project On The Way (The Malaysian Reserve, 18 May 2012), Cyberjaya Master Plan To Iron Out The Kinks (The Star, 13 November 2009), Cyberjaya Going Green (The Star, 16 December 2009).