Once again another cheap lelong unit check in. Many sublet operator renting out per head over here.

16-01, Condominium Puncak 7, Jalan Ferum 7/31A, Seksyen 7, 40000 Shah Alam
Reserve price 🔥🔥RM 381,000🔥🔥
Leasehold until 2097
1166 sqft (dual key possible)
Corner unit
Auction: 29-May-2019 (Wed)



Previous Auction(s) for this property
Auction Date Price
2019-04-29 RM423,000.00
2019-03-28 RM470,000.00
2019-02-26 RM522,000.00
2019-01-29 RM580,000.00

All no bidder.

Yet again no bidder. From 580k drop to below 350k now. Wow.
New price as below:

16-01, Condominium Puncak 7, Jalan Ferum 7/31A, Seksyen 7, 40000 Shah Alam
Reserve price 🔥🔥RM 342,900🔥🔥
Leasehold until 2097
1166 sqft (dual key possible)
Corner unit
Auction: End of Jun 19

Once again no bidder. Really unbelievable?!
What happen here.
Updated details as below:

16-01, Condominium Puncak 7, Jalan Ferum 7/31A, Seksyen 7, 40000 Shah Alam
Reserve price 🔥🔥RM 309,000🔥🔥
Leasehold until 2097
1166 sqft (dual key possible)
Corner unit
Auction: 26 Jul 19 (Fri)

Can consider Subang 2 area, now got new project at there, 465k only.

Unit sold in lelong market just now.
Sold at reserve price. Single bidder won unchallenged.

Got another lelong unit sold today.
From 292K, fight among few bidders.
Ended up sold at 362K.

Last month at 324K but nobody interested. Everybody sleeping and wait for price to drop below 300K.
Ended up need to buy at such a high price.
As usual.

Another lelong unit sold yesterday.
Attracted 2 bidders fight.
From 290K sold at 330K.

Good catch?