Another lelong unit sold few days back from here.
1055sqft unit.
Lelong price here gradually increasing now.
End of last year 2 units sold at 470K and 494K.

Now lelong at 500K also got people grab straight.
Single bidder won unchallenged.

Sqwhere already issued out title. Need to check with developer whether allow direct transfer or not. If not, it will be additional cost to buy via lelong.
DSara Sentral still master title.

Anyway, still got 4 active lelong units in the market:

𝐔𝐧𝐢𝐭: 𝐒𝐀-𝟏𝟔-𝟏𝟏, 𝐁𝐥𝐨𝐜𝐤 𝐒𝐀.
Size: 1,055 sq ft (Type E)
Auction Price: RM365,000 (Bumi Lot)
Auction Date: 27th April 2021
𝐔𝐧𝐢𝐭: 𝐒𝐀-𝟏𝟑𝐀-𝟎𝟔, 𝐁𝐥𝐨𝐜𝐤 𝐒𝐀.
Size: 1,765 sq ft (Type C)
Auction Price: RM915,000
Auction Date: 25th April 2022
𝐔𝐧𝐢𝐭: 𝐒𝐀-𝟏𝟐-𝟏𝟎, 𝐁𝐥𝐨𝐜𝐤 𝐒𝐀.
Size: 1,055 sq ft (Type E)
Auction Price: RM414,900 (Bumi Lot)
Auction Date: Pending May 2022
𝐔𝐧𝐢𝐭: 𝐒𝐀-𝟏𝟐-𝟎𝟕, 𝐁𝐥𝐨𝐜𝐤 𝐒𝐀.
Size: 1,442 sq ft (Type D)
Auction Price: RM688,500
Auction Date: Pending May 2022

Bumi lot lelong unit VS non bumi lot.
Interesting......

So you need a property to halve in value for it to be an ok investment? How then for those who bought direct from developer?

The question then is if a project is launched way ahead of any development infrastructure that is meant to happen; would it be detrimental on that project itself? If this enclave becomes a budget oriented one when you were sold a luxury development in the middle of factories.

What is the upside of sqwhere if the median price for projects in this area becomes markedly lower?

I wonder if there’s any rationale to hold onto a property that has halved in value. It’s the same reason for people to walk away from loans.

So if the price floor set by the market is around half of SPA, what would happen if owners who wish to exit just sell subsale at that price rather than waiting for the Lelong process. Then does it become the new official market price?

Arguably all these lelongs from new developments should have minimal risk and practically be like a VP no? On the rare occasion you may find one that’s been fully furnished already then it went kaput.

The auction bank will cover the outstanding maintenance fees and cukai taksiran up until the auction date.

1. Cheaper units should be bumi lot unit. 3XXK. Non bumi usually 4XXK got ppl will grab.
2. All newer transaction now required double transfer. As developer already issued strata title.

Haha sorry dude. I know I touch a raw nerve with you on this project whenever I criticize it. But it’s true, this was the quickest burn of $400k ringgit I ever saw in my life. I can’t help but use this as a cautionary tale.

If someone talks up a project they will get labeled a SA. It’s easier to be an armchair critic you see. Everything is subjective except for sales records and rental rates. So that’s the best way to form an opinion of a project.

My cousin bought the 1k+ sqft unit for almost 1 mill telling me it’s the new DPC. So do I slap the fellas now or later? It’s a I told you so moment because I said that’s PJ/MK prices and they didn’t see the difference. I saw the project and my jaw dropped it really is in the middle of nowhere.

That’s why my beef with this project. Because I couldn’t save him I feel the need to bleat out when I can against something I know just doesn’t make sense.

Location problem, pricing problem or buyer's problem .... huh ?

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Dont really need cash rich buyer. A normal working couple should be able to qualify. Put the  the big exp in the loan sum and he oredi a winner.

Close to Rumahwip and rsku pricing.

This place got public transport ? Unifi ? Time broadband ? 5G ?

Sir. Thank you for the reply. If rental about how much per month can earn ?

Don’t know if it’s unprecedented but having a complete ownership change of primary buyers via auction or aggressive subsales.