Once again another studio unit lelong at below 400k.

3-16-09, M City
Reserve price 🔥RM 380,000🔥
508 sqft (studio), 1 car park
Freehold
Auction: 03-Sep-2019 (Tue)

3 bidders just now.
Sold at 430k.
Not sure is a good catch or not for a studio size unit here. But this pricing is still below 7 years ago launching price.

Once again another studio unit lelong at below 400k.
Possible brand new unit condition, owner did nothing at all since VP.

2-28-03, M City
Reserve price 🔥RM 364,500🔥
Freehold
508 sqft (studio), 1 car park
Auction: 06-Aug-2020 (Thu)
*Non bumi lot

5 bidders fight.
Unit sold at 420k.
Last month can win at 405k but nobody interested.

Brand new virgin condition unit.
S&P price of the unit 674,800.
Outstanding with the management 10,500. But claimable with the auction bank.

Another 2 lelong unit check in.
Cheap enough?
Unfortunately is only a 1 bedroom unit for this size.

1-11-02, M-City Ampang
Reserve price 🔥RM 469,800🔥
Freehold
781 sqft
Auction: 22-Sep-2020 (Tue)

1-33-09, M-City Ampang
Reserve price 🔥RM 486,000🔥
Freehold
781 sqft
Auction: 22-Sep-2020 (Tue)

Both units no bidder. Further price drop another 10%.
Updated details as below:


1-11-02, M-City Ampang
Reserve price 🔥RM 422,900🔥
Freehold
781 sqft
Auction: 20-Oct-2020 (Tue)


1-33-09, M-City Ampang
Reserve price 🔥RM 437,400🔥
Freehold
781 sqft
Auction: 20-Oct-2020 (Tue)

Both units sold just now.
Level 11 unit sold at reserve price 422,900. Single bidder won unchallened.
Level 33 unit sold at 464k.

Good catch.

Lelong duplex unit available below 450 psf. Bumi lot.
Details:


3-09-12, Tower 3, M-City
New reserve price: 🔥🔥RM 467,200🔥🔥
Freehold
1047 sqft, duplex 2 rooms (Type DC)
1 car park lot
Auction date: 20-Feb-2021 (Sat)
*BUMI lot

Still master title.
Developer must comply with the bumi:non bumi allocation / quota.

After issuing the strata title, then only this unit will be open, free to sell to anyone.

Attracted few bidders just now.
Sold at 528k.

Still lower than last round reserve price.


Previous Auction(s) for this property
Auction Date Price
2021-01-30 RM584,000.00
2020-08-08 RM584,000.00
2020-03-07 RM584,000.00
2020-02-15 RM730,000.00

Studio lelong unit sold at 364.5k yesterday.
Single bidder won unchallenged.
Vacant unit.

Another lelong unit sold yesterday.
Single bidder won unchallenged at 631,800 for 1104sqft unit.

Many. Never ending from here.
But is more complicated now to buy from lelong here.
Coz title already issued and majority if not all units yet to do title perfection.
Double transfer process. Developer (Mah Sing) disallowed direct transfer to the new buyer.

2 lelong units sold yesterday.

The smaller size unit attracted 8 bidders.
Fight from 380K and sold at 428K.
Do they even know that this project required double transfer process?

Bigger unit sold at reserve price 534K.
Single bidder won unchallenged.

MOT for first transfer is based on the original S&P price.
For example if the original S&P is priced at 1M, MOT is RM24k.
Not including legal fees charges yet.

Then only proceed with the normal second transfer based on the auction winning price.