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Investment SAVILLE @ CHERAS [MRT PROPERTY] [OWNERS' THREAD], MKH Bhd brings you Integrated MRT

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bigman
post Sep 4 2019, 11:07 PM

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QUOTE(AskarPerang @ Sep 4 2019, 11:02 PM)
Unit sold at reserve price 518.4k just now. Single bidder win.
Good catch. Below market value.  :thumbsup:

This owner got another unit in the lelong market under CIMB bank. Current price at 570k.
Will need to wait next round for the price to be worth to take a look at.
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Direct link to MRT also perform so bad
heavensea
post Sep 5 2019, 12:18 AM

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QUOTE(AskarPerang @ Sep 4 2019, 11:02 PM)
Unit sold at reserve price 518.4k just now. Single bidder win.
Good catch. Below market value.  :thumbsup:

This owner got another unit in the lelong market under CIMB bank. Current price at 570k.
Will need to wait next round for the price to be worth to take a look at.
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What's his lost of the lelong unit?
I think around 100k++
alvis5913
post Sep 5 2019, 08:34 AM

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QUOTE(AskarPerang @ Sep 4 2019, 11:02 PM)
Unit sold at reserve price 518.4k just now. Single bidder win.
Good catch. Below market value.  :thumbsup:

This owner got another unit in the lelong market under CIMB bank. Current price at 570k.
Will need to wait next round for the price to be worth to take a look at.
*
I thought this is leasehold...
LoTek
post Sep 5 2019, 08:37 AM

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QUOTE(bigman @ Sep 4 2019, 11:07 PM)
Direct link to MRT also perform so bad
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see the quality of mkh, you will understand...
alvis5913
post Sep 5 2019, 08:39 AM

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QUOTE(D.G.M @ Jun 9 2019, 09:41 AM)
Lelong I think majot factor is from the owner/loan borrower but market only minor part...
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If there is demand in the market, and rental can cover installment, i blif there wont be so many lelong
bigman
post Sep 5 2019, 08:40 AM

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QUOTE(LoTek @ Sep 5 2019, 08:37 AM)
see the quality of mkh, you will understand...
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Yup... Cina Apek style...

Anyway... The bad performance due to location... Surrounding is nothing... Just malay kampong and workshops...

But if the price drop until worth buy level... Sure people will buy

This post has been edited by bigman: Sep 5 2019, 08:41 AM
LoTek
post Sep 5 2019, 08:51 AM

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QUOTE(bigman @ Sep 5 2019, 08:40 AM)
Yup... Cina Apek style...

Anyway... The bad performance due to location... Surrounding is nothing... Just malay kampong and workshops...

But if the price drop until worth buy level... Sure people will buy
*
at the original price, when went into this building, just Speechless. thought i was in a mid cost.

yes, there is absolutely nothing within walking distance here. last month still did not see any open shops too.
ahkit123
post Sep 5 2019, 09:43 AM

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QUOTE(alvis5913 @ Sep 5 2019, 09:39 AM)
If there is demand in the market, and rental can cover installment, i blif there wont be so many lelong
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The signs of market crashing... The time is here
ahkit123
post Sep 5 2019, 09:45 AM

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QUOTE(bigman @ Sep 5 2019, 09:40 AM)
Yup... Cina Apek style...

Anyway... The bad performance due to location... Surrounding is nothing... Just malay kampong and workshops...

But if the price drop until worth buy level... Sure people will buy
*
Its directlt connected to an mrt station. That's the main plus point.
bigman
post Sep 5 2019, 09:55 AM

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QUOTE(ahkit123 @ Sep 5 2019, 09:45 AM)
Its directlt connected to an mrt station. That's the main plus point.
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Actually I got few properties which less than 300m walking distance or direct connected... But this kind of property many buyers are investors and not many owners will stay there... So the property will become run down and full of lower class tenants... That will drag down the subsale value... But rental should be no problem...

This post has been edited by bigman: Sep 5 2019, 09:56 AM
ahkit123
post Sep 5 2019, 10:02 AM

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QUOTE(bigman @ Sep 5 2019, 10:55 AM)
Actually I got few properties which less than 300m walking distance or direct connected... But this kind of property many buyers are investors and not many owners will stay there... So the property will become run down and full of lower class tenants... That will drag down the subsale value... But rental should be no problem...
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True, with current oversupply situation. This kind of high end property in transit area might be stuck, cannot sell low n cannot rent high.
TSaccetera
post Sep 5 2019, 06:12 PM

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Owners' thread
AskarPerang
post Sep 29 2019, 09:33 AM

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QUOTE(alvis5913 @ Sep 5 2019, 08:34 AM)
I thought this is leasehold...
*
This is freehold property.

Anyway, this owner 2nd unit also now lelong at cheap enough pricing?
His first unit sold here at 518.4k: https://forum.lowyat.net/index.php?showtopi...post&p=93842036

Details of the 2nd unit as below:

33A-09, Saville Cheras, No. 1, Persiaran Sri Raya, Taman Sri Raya, 43200 Cheras
Reserve price 🔥🔥RM 513,000‬🔥🔥
Freehold
1130 sqft, 2 car park slots
Auction: 19-Oct-2019 (Sat)
*Non bumi lot
*Vacant unit brand new condition

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pinnacle999
post Sep 29 2019, 01:04 PM

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QUOTE(LoTek @ Sep 5 2019, 08:51 AM)
at the original price, when went into this building, just Speechless. thought i was in a mid cost.

yes, there is absolutely nothing within walking distance here. last month still did not see any open shops too.
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Mrt prop also didnt live up to expectations...
Hoveyda75
post Oct 5 2019, 07:36 PM

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Should buy you city 3 instead..😂
trust4you
post Oct 6 2019, 12:01 AM

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QUOTE(Hoveyda75 @ Oct 5 2019, 07:36 PM)
Should buy you city 3 instead..😂
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Why buy? Stop buying
trust4you
post Oct 6 2019, 12:03 AM

LIMPE UR WORST NITEMARE
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QUOTE(bigman @ Sep 5 2019, 09:55 AM)
Actually I got few properties which less than 300m walking distance or direct connected... But this kind of property many buyers are investors and not many owners will stay there... So the property will become run down and full of lower class tenants... That will drag down the subsale value... But rental should be no problem...
*
So u city e9 that area also will DDD correct? 🧞‍♀️😽😎

Lotek la...
hazwan_zohdi
post Oct 6 2019, 12:30 AM

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QUOTE(trust4you @ Oct 6 2019, 12:01 AM)
Why buy? Stop buying
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Stop building, then can stop buying.
Captain89
post Oct 6 2019, 12:35 AM

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QUOTE(hazwan_zohdi @ Oct 6 2019, 12:30 AM)
Stop building, then can stop buying.
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Too bad they can't do it
Captain89
post Oct 6 2019, 12:36 AM

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QUOTE(FRIEND2 @ Jul 19 2019, 11:28 PM)
How is it doing now? Any news?
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Not that great
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