No taker today.

A-13A-09, Residensi Sembilan Cheras
New reserve price🔥🔥RM 558,000🔥🔥
Freehold 1502sqft
Auction: 21 Apr 18

This post has been edited by AskarPerang: Apr 18 2018, 09:40 PM

I got a 1200sq ft unit there for sale. Any1 interested contact me pls, tqvm

Yet again no taker. Another 10% drop in price.

A-13A-09, Residensi Sembilan Cheras
New reserve price🔥🔥RM 502,200🔥🔥
Freehold 1502sqft, 2 Car Park
Auction: End of May 18

Still no taker again. Updated price as below:

A-13A-09, Residensi Sembilan Cheras
New reserve price🔥🔥RM 452,000🔥🔥
Freehold 1502sqft, 2 Car Park
Auction: End of Jun 18

Launch at 4xx per sqft back in 2013.
Lelong price today is 300psf.

A-13A-09, Residensi Sembilan Cheras
New reserve price🔥🔥RM 452,000🔥🔥
Freehold 1502sqft, 2 Car Park
Auction: End of Jun 18
= 301 per sqft.

Another smaller size unit can wait drop few more rounds to be more attractive pricing.
A-3A-10, Residensi Sembilan Cheras
New reserve price🔥🔥RM 495,000🔥🔥
Freehold 1211sqft
Auction: 30-May-2018 (Wed)

300psf!!

This one 330psf, not bad also!

288 Residency @ Setapak, KL
1421sf, 4rooms 3baths, Freehold
Market Value RM650K. Reserve Price: RM473K
Closing Date :19th June 2018

What happen to this newly completed project.
Becoming lelong house now. 7 units together all at once lelong.

all courtesy of DIBS era... ownera never know they have to pay for the installments also... everyone tot they can flip upon VP... never ready for it...

suddenly VP and need more than 2k per mth installment... directly choose to default it than paying it... lol

These buyers/borrowers are subprime. Only when the tide retreat will distinguish wheat from chaff.

Took a drive to the area, very deep inside, quiet and almost certain can't get rental returns..

most probably all the units will see the price drop to below 300psf at auction.

With many units auctioned at below $300psf, it will be risky for valuer to value higher than $330psf to bank.

This post has been edited by icemanfx: Jun 22 2018, 02:09 PM

Problem is transaction in auction not shown in NAPIC database. Like not being recorded there.
kurtkob78 right?

Reputable valuers do consider auction price and units before endorsing the value. Otherwise they are liable to indemnify or blacklisted by banks. Some will place forced sale value in their report.

This post has been edited by icemanfx: Jun 22 2018, 04:29 PM

That is correct. From the napic itself.

But napic donl collect auction transaction. Maybe in the future bank will consoder auction transactions also to determine the market price

The last bottom unit A-13A-09 sold at 460k. 2 bidders. Slightly price increased but still super cheap for a 1502sqft unit.

This is cheap but smaller size unit. Possible can drop till below 400k?

A-03-03A, Residensi Sembilan Cheras
New reserve price🔥🔥RM 433,026🔥🔥
Freehold
1124sqft
Auction: 31-Jul-2018 (Tue)

location is so deep. if the price is RM450psf, it's way overpriced at first place from developer.

why this place got to many lelong house? what actually the problem?

Could it be coz of its proximity to venice hill condos? If like this sooner or later owners could not afford to be fussy about tenants and would welcome rental incone even from pak hitam.