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 Downtown Condominium Bukit Bintang

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Thasmita
post May 19 2022, 02:37 PM

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758 posts

Joined: May 2019
QUOTE(AskarPerang @ May 18 2022, 08:17 PM)
Lelong unit sold today.
Title issued but perfection not done.
Developer already bankrupt.
Outstanding owed 200k (not covered by the bank).

3 bidders fight from 273K.
Sold at 306K.
Good catch?
user posted image
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Developer in liquidation.

Good luck.

Total cost I think will come up to RM 550k.

For about little more can buy in open market.


Thasmita
post May 19 2022, 02:40 PM

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Junior Member
758 posts

Joined: May 2019
QUOTE(Cavatzu @ May 19 2022, 09:25 AM)
Prime example of a “high end” residence not retaining its value and in fact regressed in capital value considering how expensive it was in the hey day.

Particular weakness perhaps is that it doesn’t appeal to the local elite. There are old units in Bangsar that have held up very well.
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Place is super rundown.

Swimming pool is horrible to say the least

Car park leaks

Landscaping is horrible

Tenants are suspect

Just a ppr flat smack in the party zone

 

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