Central Residence Sg Besi also doing not bad.
With 6 units in the lelong market now.

Market at 700k. Lelong 453k and not even sure at this price got any taker or not.

First and last unit no taker yesterday. Worth to take a look at.

M-City@ Jalan Ampang, KL

1653sf 3+1rooms 4baths High floor, Freehold.
Market Value RM1.55mil.
Reserve price: RM915K
Date : February 2018


533sf Studio 1baths. nice number, Freehold.
Market Value RM500k.
Reserve price: RM364K
Date : February 2018

No no. 2,3,4,5,6 no results yet. Coz under different bank and different auction date.
Only 1 and 7 under the same bank HSBC. Yesterday auction.

6. 2-11-11, 674sqft, 488k
this is tomorrow. Alliance bank. highly unlikely got anyone will go for it.

No taker as well.
6. 2-11-11, 674sqft
Next reserve price at: 439,590
Auction date: 10 Feb 18

Unit number: 3-18-08
533sf Studio 1baths. nice number, Freehold.
Reserve price: RM364K

Layout and unit facing:


Assume winning at 400k. All other cost legal, stamp duty, repair, furnish = 50k.
Full furnish rental RM1800. (see ads mostly all full furnish, or all unit pre install full furnish by the developer? no idea).
Yield (base on 450k) = 4.8%

Good enough or not?

Updated:
HSBC Auction @ 22/3/18 for the above unit.

#belowbankvalue
#belowsubsalemarketprice
#belowlaunchingprice

This post has been edited by AskarPerang: Mar 8 2018, 03:30 PM

Yet another unit falling below 400k.

2-11-11, M-City@ Jalan Ampang, KL

674sf 1rooms 1baths, Freehold.
Market Value RM670K. Auction from: RM395K
Auction Date : the week after CNY

Sold at reserve price. Single bidder.

M City lelong units. Interesting value buy units available in the lelong market now. Launching price at 1k psf (refer above quote). See the current price now:



1. Unit number: 3-18-08
533sf Studio 1baths. nice number, Freehold.
New reserve price: 🔥🔥RM 364,500🔥🔥
Auction date: 22 Mac 18

Layout:


2. Unit number: 2-11-11, M-City

674sf 1rooms 1baths, Freehold.
New reserve price: 🔥🔥RM 395,640🔥🔥
Auction Date : 23 Mac 18

Layout:


This post has been edited by AskarPerang: Mar 12 2018, 10:58 PM

Unit 3-18-08 studio unit sold at 401k just now.
2 bidders only jack up the prices a lot.
Still cheap anyway.



This post has been edited by AskarPerang: Mar 22 2018, 05:57 PM

Reserve price 365k. Watch the video. They should just pakat settle outside only. Save up 30k.

This unit sold at 460k just now. Total 9 bidders.

Another unit sold via lelong today.
Won at reserve price. Single bidder.

2-21-27, M-City Ampang
981sf
Freehold.
New reserve price: 🔥🔥RM 656,100🔥🔥

Equal to 670 psf only. Way below launching price.

Base on my post here early this year:

Left with 2 unsold units left in the lelong market. Updated with latest reserve price as below:
2. 3-27-16, 977sqft, RM 765,450 = 783 psf
5. 2-13A-2, 532sqft, RM 422,820 = 795 psf

Add in few newly check in lelong unit just for recording purpose.

3-27-16, 977sqft, RM 765,450 = 783 psf
2-13A-2, 532sqft, RM 422,820 = 795 psf
NEW: 3-33A-09, 508sqft, RM 500,000 = 1000 psf
NEW: 3-11-21, 678sqft, RM 610,000 = 900 psf

Along Jalan Ampang.
Selling at 1000 psf.
5km from KLCC.
Mah Sing reputable developer product.

NEW is at first auction.
Other units already drop price few times. I think you better scroll and read back all previous post to know actual transacted at what price. In lelong.

Nope. Is not a good buy even at lelong price.

Both M City and The Elements once the reserve price fall below 400k will attarct many bidders and the price will end up above 400k again.
So meaning that even in lelong market, both M City and The Elements smallest size studio unit will still transact at 400k and above.

Yes everywhere got lelong unit. But nothing can beat M City and The Elements at the moment. Both projects top rank never ending lelong units in the market. One unit after another. You may choose not to agree but the truth hurts which is M City certainly not worth 1000 psf at this location.