Lelong unit check in at 2nd re-auction price.
Foreign owner.

E7-23-09, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 801,000🔥🔥
988sqft
Auction: 14-Dec-2018 (Fri)


E7-23-08, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 702,000🔥🔥
868sqft
Auction: 14-Dec-2018 (Fri)

For the record, this is not the first GRR project with units in the lelong market.
Same scenario like a unit tenanted out also end up in the lelong market.

So it is either:
1. Owner didnt get prompt monthly payment.
2. GRR / Tenant payment not able to cover monthly bank installment.
3. Owner received payment but didnt use it to pay the bank installment.

No taker. Sorry slightly wrong info previously. Is local owner but foreign bank.
New price as below:

E7-23-09, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 720,900🔥🔥
Freehold
988sqft
Auction: 30-Jan-2019 (Wed)


E7-23-08, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 631,800🔥🔥
Freehold
868sqft
Auction: 30-Jan-2019 (Wed)

As with all other auction units especially for high rise, 2 big costing will come from:
1. The outstanding owes to the management office. I'm sure got MC/JMB, can get statement there. Maintenance fees, sinking fund, quit rent and fire insurance plus late payment interest (if any) will be shown in the statement. Water billing too for property with commercial title.
2. Cukai taksiran owes to the local council. Majlis Bandaraya XXX or Majlis Perbandaran XXX.

Layout:


This post has been edited by AskarPerang: Jan 21 2019, 12:01 AM

Once again no taker. New price as below.
Layout can view the above post.

E7-23-09, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 650,000🔥🔥
Freehold
988sqft
Auction: 13-Mac-2019 (Wed)

E7-23-08, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 570,000🔥🔥
Freehold
868sqft
Auction: 13-Mac-2019 (Wed)

The smaller size 868sqft unit sold at reserve price 570k. Single bidder win.

Bigger size unit unsold.
New price as below:

E7-23-09, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 585,000🔥🔥
Freehold
988sqft
Auction: 29-Apr-2019 (Mon)

Another lelong unit check in.
Studio unit.
Not sure is cheap enough pricing or not.

E2-7-05 (Storey No. Block E2, Type B2-D1), ION Deleman Genting Highlands
Reserve price🔥🔥RM 414,000🔥🔥
Freehold
460sqft
Auction: 25-Apr-2019 (Thu)

Interesting auction unit.
This bank no cover all outstanding.
And still got outstanding amount to developer. 89k as per the video below. Probably buyer stop making progressive payment and bank also didnt release the final few stage payment to the developer.

Like that also fight. Market value 900k?
5 bidders. Sold at 660k. Higher than last month reserve price. Winner seems happy and satisfied with the price.
Buyer market is certainly back.

Another lelong unit check in.
This owner bought the unit last year (Mac 2019).
Most probably developer units.
Now at 3rd round reauction. Drop from 630k.

E2-11-12, Tower Two, Jalan Ion Delemen 1
Reserve price🔥🔥RM 511,000🔥🔥
Freehold
665sqft (2 bedroom unit)
Auction: 27-Feb-2020 (Thu)
*non bumi lot

No bidder. 4th round re-auction now.
Probably will drop further since big impact on tourism now.

E2-11-12, Tower Two, Jalan Ion Delemen 1
Reserve price🔥🔥RM 460,000🔥🔥
Freehold
665sqft (2 bedroom unit)
Auction: 11-Jun-2020 (Thu)
*non bumi lot

1 year plus plus in the lelong market.
This unit still remain unsold.
Drop price again and again.

Anyone wanna save this owner from further debt?
Latest reserve pricing as below:


E2-7-05 (Storey No. Block E2, Type B2-D1), ION Deleman Genting Highlands
Reserve price🔥🔥RM 336,000🔥🔥
Freehold
460sqft
Auction: 29-Sep-2020 (Tue)

Another lelong unit check in from here.


E1-18-06, 18th Floor, Grand ION Delemen Hotel
Reserve price🔥🔥RM 666,000🔥🔥
Freehold
1120sqft (Type C1)
Auction: 18-Nov-2020 (Wed)

Unit sold at reserve price 666k just now.
Single bidder won unchallenged.

4 active lelong units in the market at the moment.
At 3rd round and 4th round auction.
All still above 1M reserve price.

Lelong unit sold yesterday.
1304sqft unit sold at 920K.

Good catch?

3 active lelong units in the market currently.
Cheap enough?



E3-3A-6. RM 900,000. 1076sf
E4-3A-1. RM 765,000. 870sf
E4-18-1. RM 792,000. 870sf

Auction: 18/11/22

Lelong unit sold just now.
Size 1301sqft.

Sold at reserve price 670,680.
Single bidder won unchallenged.

Good catch?