On average 1 Bedded rental going for around RM2.4K/month.
6% rental works out to around RM480K.....Do you think that's a realistic value?

Really sad to know that your friend is in this terrible situation. However, bankruptcy is not the end of the world. Donald Trump went bankruptcy a few times before becoming US president. Your friend needs moral support the most at this time. Perhaps should get some help from AKPK.
I attended a workshop held by GC (at Citytel, Mid Valley) in January 2018. As a newbies in property market, I expect the workshop/seminar would cover knowledge on how to choose a good property, what is HDA, buying subsale or pre-launch properties,…But I found that the workshop was a motivation talk. Shouting slogan, singing,…The speaker kept emphasized that if ‘you want to be successful, you should not wait’. He hardly touch on the knowledge needed for a newbies. On the second day, he invited (more than 10) his followers to the stage and shared their ‘success stories’. These so call seniors/facilitators were very thankful to GC because they managed to buy many properties in one go. They were still holding the properties as they shared their success stories. To me, you can claim that you are successful only if (after) you sold the properties with a handsome profit.
Next, he promoted his projects (mostly with cash back arrangement) and this was the part that made me very unhappy and left. His tactics are as below: (1) All hand phones were confiscated (he is trying to stop you from communicating with your family and friends/you can’t get advise from your friends) (2) He wants you to decide on the spot (he pushes you to commit, otherwise your unit will be taken by others).
I think many people paid their booking fees on that day.

How is the rental here right now? since airbnb business should hit the wall...

got lelong units...feel itchy to invest here

Not really keen to know what happened to the previous owners... just wanna invest here through lelong which is make sense for current market condition...

expected rental will be around  2000 to 2500 for the unit less than 650sf...

if bought with 600k ...2500 rental still Ok which need to top up a bit in maintenance fees... but if buy at 800k ...rental sure cannot cover at all...and  sure need to top up additional 1500 per month.... only Airbnb business can cover all the repayments... but now is Covid era...Airbnb seems not viable in near term

Yes. Currently got a lelong unit.
But is also a famous unit. I mean the owner of the unit.
Will share more info later.

The lelong unit. Currently at 1k persqft. Can wait for price drop.
Details as below:



More details refer this news: https://malaysiagazette.com/en/2020/11/10/v...ering-engineer/

500k is the sweet spot.
Maintain & sf is crazy

All sifus use same tactic.

So many gurus using testimonials from past students to funnel new followers to buy their bulk purchase.

The same happened in robertzai will happen again in many bulk purchases in next 2-3 years.We shall see the same postings all over social media.

The reality is all these cash back and BMV deals are artificial and no way the general market willing to pay the market value.