Impressive finishing and quality for a 400k (around 900sqft) project.
End product above expectation.

Let the rental war begins.
Rental market at 1300 basic furnish. Expected to drop further after 6 months when people get more desperate in this 2550 mega units development.
Good luck!!!

KLTS ID reno unit:

Kinda expected. With 2550 units in total, sure will have few lelong units in the market. Will take years to consume the total supply here. I mean to have a high occupancy rate ppl staying.

Even far from hitting 50% occupancy rate yet, the pools facility floor crowded with ppl over the weekends always. Expecting the same during the coming school holidays.

Mainly due to facilities.
Initially cheap rate, got owner throwing price at RM150 per day. But subsequently i guess rate stabilize now at RM250. That also weekends sure to be fully book.

And already got homestay/airbnb operator around. Tourist transport (bus / van pelancong) already can be spotted parking around here.

Info on lelong unit size is released. Not the smallest size 3 rooms unit (less than 900 sqft).
Not bad. 3+1 rooms.

D-18-13A, KL Trades Square, No. 99, Jalan Gombak
Reserve price 🔥🔥RM 420,000🔥🔥
Freehold
918 sqft
Auction: 27-Nov-2018

2nd lelong unit check in. Sooner than expected.

B-12-06, 12th Floor, Block B, KL Traders Square (KLTS)
Reserve price 🔥🔥RM 420,000🔥🔥
Freehold
842 sqft
Auction: 30-Nov-2018 (Fri)



This post has been edited by AskarPerang: Nov 19 2018, 01:23 AM

More units venturing into airbnb / homestay / short term rental here:






This post has been edited by AskarPerang: Nov 19 2018, 01:51 AM

so far there is no law in Malaysia saying airbnb / homestay / short term rent is illegal.

New banner (price changed) detected. Developer units now from 500k++.

Congrats to slight early bird buyers gain around 100k since back in 2017 until now.
Price used to be from 388k++.
Then changed to from 400k++.
Then from 428k++.
And now is 500k++.

No taker. New price as below:

D-18-13A, KL Trades Square, No. 99, Jalan Gombak
Reserve price 🔥🔥RM 378,000🔥🔥
Freehold
918 sqft
Auction: end of Dec 18
*Vacant unit. Brand new condition.

3rd lelong unit check in from here. Total got 2550 units. Developer units still selling.
And if you check the subsale market ads, all ads selling developer unit. Haha.
I think no agent wanna promote subsale unit due to price difference not much with developer remaining units.
Anyway, details as below. Biggest size unit.

E-33-10, KL Traders Square (KLTS)
Reserve price 🔥🔥RM 480,000🔥🔥
Freehold
1059 sqft (corner unit)
Auction: 11-Jan-2019 (Fri)

Now is the good price to enter.
Both lelong units:

1st auction - 420k - no bidder
2nd auction - 378k - no bidder
3rd auction - 340k - new reserve price

D-18-13A, KL Trades Square, No. 99, Jalan Gombak
Reserve price 🔥🔥RM 340,200🔥🔥
Freehold
918 sqft
Auction: Jan 2019



B-12-06, 12th Floor, Block B, KL Traders Square (KLTS)
Reserve price 🔥🔥RM 340,200🔥🔥
Freehold
842 sqft
Auction: Jan 2019

Yes especially weekend or holidays here full with people.
Burger King also open already.
I believe soon will attract more franchise chain such as Starbucks / Coffee Bean maybe? And probably banks too.

4th lelong unit check in from here.

B-10-10, KLTS, No. 99, Jalan Gombak
Reserve price 🔥🔥RM 420,000🔥🔥
Freehold
842 sqft
Auction: 18-Jan-2019 (Fri)



Recap all other lelong unit here (all still unsold):

D-18-13A, KL Trades Square, No. 99, Jalan Gombak
Reserve price 🔥🔥RM 340,200🔥🔥
Freehold
918 sqft
Auction: Jan 2019




B-12-06, 12th Floor, Block B, KL Traders Square (KLTS)
Reserve price 🔥🔥RM 340,200🔥🔥
Freehold
842 sqft
Auction: Jan 2019




E-33-10, KL Traders Square (KLTS)
Reserve price 🔥🔥RM 480,000🔥🔥
Freehold
1059 sqft (corner unit)
Auction: 11-Jan-2019 (Fri)

With 2550 units not everyone buying for own stay.
Some bought with the intention just to flip. Renovate to rent out also got no money to do that.
Developer units still selling. So is not possible subsale able to compete with developer pricing throwing in big cash back and free legal fees.
In the end subsale not able to get buyer and easiest exit plan is just let the house go under force sale @ bank lelong.

5th lelong unit check in. All units unsold so far.

A-13-9, KLTS, No.99, Jalan Gombak
Reserve price 🔥🔥RM 450,000🔥🔥
Freehold
940 sqft (end lot unit)
Auction: 25 Jan 2019 (Fri)



This post has been edited by AskarPerang: Jan 14 2019, 11:33 AM

Not yet automatically declare bankrupt. After lelong ended, unit successfully sold below launched price.
But example still got 150k outstanding amount. Bank will try to chase back first the owe amount from the defaulters. Most people wont be bothered anymore. After that only bank will file for bankruptcy against them.

Refer: https://www.comparehero.my/blog/must-know-b...ruptcy-malaysia

What Happens When A Person Is Declared Bankrupt?

Being declared a bankrupt means an individual will have plenty of restrictions imposed upon them. Below are what will happen once a person is declared bankrupt:

Appointed A DGI
Once declared a bankrupt, a person will be assigned to the Director General of Insolvency (DGI). The DGI will administer all of the individual’s assets and manage it to repay the outstanding debts. So once declared bankrupt, a person’s assets will all be put under the administration of the DGI.

Travel Ban
An individual who has been declared bankrupt will be unable to travel out of the country without written permission from the DGI or before obtaining a court order which allows the individual to travel overseas.

Limited Credit Line
Existing bank accounts will be deactivated and a bankrupt will be barred from withdrawing any money from their existing account. Aside from that, a bankrupt is not allowed to spend more than RM1,000 on their credit card or obtain credit more than RM1,000 from any creditor.

Assets Taken Away
Once declared a bankrupt, all of the assets of the individual will be managed by the DGI. So for example an individual’s house and cars will be taken over by the DGI who will then manage it by reselling it to repay outstanding debts.

Employment Restricted
A bankrupt will not be able to work in certain professions which have restrictions imposed by their professional associations or licensing authorities. Examples of the profession a bankrupt cannot be employed as are:

Lawyer
Quantity Surveyor
Accountant
Doctor

Aside from that, once declared bankrupt an individual may not act as a director of a company. A bankrupt is also not allowed to own a business or be part of a business ownership, so no entrepreneurship is allowed once an individual has been declared a bankrupt.