Yup, this is a bumi lot

very good opportunity for bumi to hunt the best investment

4 bidders.
Sold at 445k just now.

This is non bumi lot. Anyone can buy. Vacant unit. Very nice view from the unit. This unit S&P price at 900+k. Now sold at half price.

Well, this is lelong. Good catch!!!

Yet another unit drop below 400k.
S&P price for this unit at 700k++.
Now is like 40% discount. Big size unit. High floor.

F-23-08, Residensi Flora, One South
Reserve price 🔥🔥RM 383,900🔥🔥
Leasehold until year 2094
1210 sqft
Auction: 26-Feb-2019 (Tue)

Layout:

Another unit sold at the lelong market today.
Damn it notice there is a bad syndicate cheating on noob buyer in the market currently.
Sad case happening.

Scroll above. This syndicate won the last unit here at 445k.
Now today managed to cheat another buyer.

G-27-03A, Zeta Residence, One South
Reserve price 🔥🔥RM 470,000🔥🔥
Leasehold until year 2094
1184 sqft + 173 sqft private lobby foyer space
Auction: 04-May-2019 (Sat)



2 bidders. Syndicate own register as another bidder to bid up the price. Reason is to collect higher commission earning.
Nobody else will enter at 470k. Is still high price.

Anyway, they bid up the price and sold at 502k.
I pity the buyer who got cheated.


p/s: Edit to show the bidding process as per the image:
Bid started at 475k (since got 2 bidder). 1 bid 2k increment.
Buyer authorize bidder shouted 490k straight.
Fake bidder shouted 500k straight.
Buyer authorize bidder raise hand to bid normal 2k become 502k.
Done. Sold!



This post has been edited by AskarPerang: May 4 2019, 08:38 PM

why they calling this arab city ?

One South, South city, basically this whole area is full with foreigners and Bangla, maybe because of those colleges nearby

You can even find some happy ending massage here in this area

No Bangladeshis. At least not many. Mostly Middle Eastern students.

This post has been edited by barca96: May 11 2019, 03:56 PM

I was a losing bidder for G-30-3A
Really wanted the place. Studies the place. Went for numerous site visits. Talked to friends living there.
Alas lost it to really eager buyers who were rushing. sigh.

But what makes you think that it is a syndicate? It could be that the bidder really wanted the unit.
At that time I was also thinking why on earth would anyone jump 20k and then 10k. Why would anyone overpay?
Another take is that the bidders could be the bank.



This post has been edited by barca96: May 11 2019, 04:02 PM

Bank?

same same la, those middle eastern live here like they own the whole place, blocking the lift and chatting, simply throw rubbish, and they always talk very loud and sometime fight

opposite south city plaza already got few cases until the police come to settle

I would think so as the banks are the only one who would benefit from the gain in price

How is One South Commercial doing? It is vibrant now? Have not been down there for long time.
Back then it was quit.

Don't think any bank is interested in this trick.

I see only banks as the ones that can benefit from this trick.
I am not sure what the syndicates can gain from this. What if the honest buyer refuses to up the price then they (the syndicate( end up with the winning bid.

Bank could recover any short fall from borrower, need not pump auction price.

Definitely not the bank or any outsider.
This is confirm 100% internal job.
Read back the bidding scenario:

Bid started at 475k (since got 2 bidder). 1 bid 2k increment.
Buyer authorize bidder shouted 490k straight.
Fake bidder shouted 500k straight.
(So let's assume this fake bidder is the bank or outsider trying to jack up the price.
The real buyer decide not to follow up this bid. So this bank or outsider will end up getting the unit instead at 500k.
Fail plan? Why jack up so high suddenly and not bidding step by step? If what you are saying make sense.)


Continue the real scenario:
Buyer authorize bidder raise hand to bid normal 2k become 502k.
Done. Sold!

Another lelong unit check in. Drop from 600k.

G-10-03, Residensi Zeta
Reserve price 🔥🔥RM 486,000🔥🔥
Leasehold until year 2094
1055 sqft + 250 sqft private lobby foyer space
2 car park slots
Auction: 18-Oct-2019 (Fri)

No bidder last month.
Unit drop price to RM437,400 today.
Sold at reserve price. Single bidder win.
Vacant unit.

Good catch.