yah wor...no news after placing the 5k for priority booking..
sure the launching price would be jacked up due to the recent hike in petrol price

which unit you buy?

Mine one is Tower 2 - 05 unit

Thinking maybe not to invest so big, 3 bedroom, scare hard to rent out

Is it written down anywhere what kind of property this Arte is exactly? Nusmetro seems to be not transparent at all. 

There was so much hype created in MV the other day, I spent 5 mins talking to one of the SAs and the whole thing just smelled way too fishy.

Wondering how u know the SPA stated clearly "Office"    u read the SPA before  ? Wat they stated for the "Specific Use"  in SPA? Residential or Office ? The Title definately is under Commercial.

During bull run, the faster and higher the price rise, the more herd members will rush in and buy. similar is seen in bursa recently. classic fomo.

for reasons, the herd is destined to either slaughterhouse or over the cliff.

same fate with m-city. now is the real adjustment of market value. 450k

Still have room to drop. They havent factor in the further depress in rental after reizz and astoria VP. More competitive rental price war in the future. After those 2 VP, all previous investors in this area will continue to suffer from a negative gearing investment.

No bottom price. Will continue drop price 10% each round. Now got some banks even proactive. Drop price 20% straight. No need waste time.

Here an example.
From 1M drop to 389k. 10th round re-auction: https://forum.lowyat.net/index.php?showtopi...post&p=88721153
And only attract 2 bidders.

I guess so. But there was a property that dropped 10 times selling at 65% price drop from reserved price. So... definitely could have dropped more if no buyers..
https://forum.lowyat.net/topic/4239930/+3960

But lets get back to M city: clearly it was still too high. It was auctioned at 46% more (540 psf) of that of arte plus and the elements' lowest auctioned price (368 and 369 psf), the buildings are literally side by side...
Even subsale elements cheaper than lelonged m city...
Elements - 460 psf

On top of that the, rental is destined to drop more when reizz and astoria VP, which will further depress the subsale price.

My best guess is the previous bidders either FOMO-ed or tricked by auction gurus' over-promised resale value in the subsale

Agreed. For sure, it will drop, owners will continue to suffer from a negative gearing investment upon reizz and astoria VP, and possibly rejoining the auction properties.

Upcoming list of cheap lelong units from Arte plus.
Expected auction date: Mid Nov 2020.

1. T1-05-09, 1047sqft, RM 378,820.
2. T1-10-06, 996sqft, RM422,300.
3. T2-23A-01, 1121sqft, RM430,470.
4. T1-20-06, 1118sqft, RM430,470.
5. T1-29-06, 1141sqft, RM446,200.