too many acution now, not only limited to damansara damai

i just saw an ad that kenanga wholesale retail lot with a market value RM2.0mil now with a reserve price RM8xxK... but at 6th floor and < 900ft.

many properties are > 30% below so called market value. so for newly VP properties, it is normally will drop 3 rounds then only 'fair'

One more round then makes sense

Wait till it drops to 200k, then worth bidding...

Wont happen lah bro

Yep correct...i dunt tink prices cann drop back to Rm200k for 1000sf apartments that valued at Rm400k nw...in 2010 and 2011 u can still get dvloper units at Rm200k+ but later no more such song to sing...these r the 1st batches tat started the price rise, some from Rm200k dvloper launching to Rm400k minimum upon Vp and than Rm600k++...layer dropped back to Rm500k+ but nrver to the launching prices..these weere the lucky ones

At rm3xxk, its still a good price. rm300k is even better hahaha.

Bigger size bank lelong unit (1421 sqf), starting 550k...

https://www.lelongtips.com.my/property/5615...or-for-RM550000

Previous bank lelong unit no taker, new price is 299k, below 300k... 986 sqf unit...


https://www.lelongtips.com.my/property/5620...or-for-RM298900

Unit sold at 308k today. 2 bidders only. Very cheap price.
Mid floor facing facility view.
Vacant unit. Outstanding maintenance fees 5 digit but bank fully covered that.
Good catch.

Grade A property ..

As mentioned above. This transaction already appeared on brickz.
Supposedly lelong on 25 Apr.
Side deal with the owner and signed S&P via normal subsale method on 24 Apr. Very daring last minute dealing.

So who won? Anyone lost?

With three recent transactions substantially below previous "market" price, what is current "market" price?

I think the borrower waited till the last minute to see who can offer better. -.- I think at lelong most likely will raise about 30k at a chance, but not sure how much he would have to add his profit into paying auction fees, auctioneer, agents etc.

Still at 400k, I believe.

Once again another cheap lelong unit check in at 300k.
Only 100 meter away to the MRT2 Damansara Damai station. Location wise is better the The Zizz which is more than the advertise 350 meter away (coz the station entrance is at the Police Station there)

A-5-10, One Damansara Condominium
Reserve price 🔥🔥RM 300,000🔥🔥
Leasehold till 2103
986sqft, 3R2B, 1CP
Facing inside facility view
Auction date: 20-Dec-19 (Fri)
*Occupied unit (most probably owner staying)

Unit sold at reserve price 300k just now.
Single bidder won unchallenged.
Good catch but owner occupy unit.

is the price still on declining trend ? why so since the mrt2 is 'almost ready'

Due to condo over supply of new launched in the vicinity of this area e.g. The Zizz, Suasana and D'Sara Sentral by Mahshing...

This post has been edited by taifanshu: Aug 20 2020, 11:50 PM