Another lelong unit sold.
From Block D 750sqft unit.
Single bidder won unchallenged at 138,174.


Good catch?

Yes..i think nice..

Market value i think around 200k

Another lelong unit sold here at cheap price.
Medium cost block.
850sqft.
Bank value is almost double this lelong price.

Good catch?

actually the location of flora is not too bad in damansara perdana..however, i read previously
there were many issues with types of tenant, maintenance etc...so maybe that is why prices are dropping
like crazy

You won't want to stay there. Many years ago, there were a lot of African tenants there. The place is pretty run down and the layout of the roads up to and down is not convenient. There is massive development surrounding the area (including but not limited to empire damansara). Your money is better invested elsewhere.

5 blocks with 9000 residents....talk about high density. Across LDP there is empire damansara and then there is damansara perdana. That area is crazy dense.

Lelong unit sold today.
Medium cost unit 850sqft at RM159K.
Single bidder won unchallenged.

Good catch at Damansara Perdana area?
But need to bear with lift problems.

Here if fire like that day, life is at high risk.
Filthy and many foreigners live here.
When Immigration come do operasi can see and hear many run like hell.

If got budget better buy the Exsim projects just outside of Flora Damansara.

BRICKS transacted price many units sold 370-380k

Iproperty adverts many units advertised below 260k.


Something is very wrong. seems like there is a big group of manipulators in the market. markup to 370 and 380k consistently.
trying to affect the valuation.

I more trust Bricks than Iproperty or Propertyguru is somewhat not fully trusted. They usually give below market price

Markup for cash out.
Simple only

The property agent manage to find a bank whose valuer able to give high value of this property (mostly small valuer firm)

So they nego with owner to markup higher so the buyer can cash out extra money above purchase price

For example:
Real price RM250k
Markup price RM370k
Loan 90% - RM333k
Extra RM83k (10% need pay agent for consultation fee)

You help me, I help u

*If buyer din pay and kena lelong and management of the bank found out the property should only value at RM250k, valuer most likely will be blacklisted and the bank officer also in trouble

No risk to agent


Want better example? Check Scott garden at bricks

60-70 units transacted at RM650k while actual value only RM300k+

All buyer apply same bank



This post has been edited by Asgaard: Feb 1 2024, 05:16 PM

What happen with the Scott garden unit? Is the buyer able to sustain?

thanks for sharing..wow agent really untung lei. Buyer just...take future money now

Another lelong unit sold.
Block D 750sqft unit.

From 123,930.
Sold at 130K.

Good catch?

130k.... So cheap