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 AUCTION PROPERTY- NEED ADVICE

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Capitalist3
post May 11 2014, 02:35 PM

New Member
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Junior Member
39 posts

Joined: Apr 2014
QUOTE(michaellee @ Apr 1 2013, 07:50 PM)
Yes, still alive but in Kopitiam@lowyat reading through silly postings to pass time. Do go to propertywtf.com.my sometimes too as the admins there are more professional when it comes to property matters. But decided to refrain from giving public advices here since moderators are not appreciative of quality info and would allow IMHO very bad infos to be passed on (read jalsrix case). I come online on a voluntary basis to pass on my best of experiences but since it was not appreciated, why should i make this forum viable? I am still contactable by private message and still offer advices there. smile.gif

Just a short update, did not buy any auction properties in the last 24 months. Mainly into commercial land at the moment. Not interested in industrial, residential or agri land. Been selling more than buying as I personally believe that the property market should see some correction in the next 36 months. Next phase of growth should be KV properties but let Iskandar have its day first before proceeding to KV. Don't over commit in Iskandar or it may be your Waterloo. Cheers all!
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Hi All,

I'm newbie in LYN here. I actually following Pai posts and it brought me to Michaellee here.

Micheal, I absolutely believe people can tell who is right & who is wrong. People will hv to use their own head, common senses & their experiences to judge. If they can't, they only left themselves to be blame for. For people like Michael, I do appreciate all those comments left by all the big brothers big sisters here, even many of them were years ago. So I would like to say thank you to Micheallee for your wonderful insights. I hv come to appreciate LYN & people like Micheallee n all other experts here.

Now, I hv some Qs for Micheallee.

Since the prop boom in Msia in 2008, we hv seen surge of buyers came into the scene and it has also crowded the auction props circle. I know u said u hvnt been buying auction for the last 24 mths (apr 2013). I wanna ask for ur advice, what's ur view on auction market from 2014 and forward? Will it be continually be over crowded? What's the best place to start out hunting for auctions props?

Regards.

 

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