Buying from lelong ppl normally already ready prepare well all their documents before hand.
Is not after winning only slowly find your docs here and there. Then incomplete some more.

Here I share an extreme one prepare her credit profile:

Yes, same like buying from subsale. Cost involved will be more or less the same.
Just that subsale still can do mark up. So maybe no need to have so much upfront cash in hand. You add all that into your loan and repay.

No bidder yesterday. Nobody interested.
Last month got a same size level 40 unit sold at 520k via lelong. But this month 486k attracted zero interest. Lelong also got season one it seems.

Anyway, updated new price as below. Below 450k now:

B-9-2, Tower B, Lakeville Residence
Reserve price🔥🔥RM 437,400🔥🔥
Leasehold
978 sqft
Auction: Jan 2019

Layout and example pics:



Got another bigger size lelong unit, possible can wait for 1 more round below 500k this unit.

A-33A-01, Lakeville Residence
Reserve price🔥🔥RM 547,200🔥🔥
Leasehold
1188 sqft
Auction: Jan 2019

Floor layout:

Auction date for both units out now: 23 Jan 2019 (Wednesday)

Yes for the bigger size unit. I think will need another round to attract interested buyer.
But for the 438k unit, I guess is already at cheap enough pricing. Really hard to believe if nobody takes that unit this round.

For cukai taksiran, initial rate was at RM1k+ yearly. Appealed successful and yearly rate is now RM900 i guess depending on your unit size.

Quit rent payable to the management office. The management will pay on behalf of all owners and you will need to pay the management back. Same thing as fire insurance.

The one by mahsing or the management is quit rent or also known as cukai tanah.
The one by DBKL is assessment rate / cukai taksiran or also known as cukai pintu. That amount you mention is half yearly. So yearly is RM900 as i stated previously.

He should realize that during early years of loan repayment, the amount is used to pay the interest actually. Not really reduce the principle loan amount.

Got 4 more blocks C D E F yet to complete.
Expecting few more units to enter the lelong market from time to time.

If you realise, 1188 sqft unit sold at 550k in lelong market.
And you offer via normal subsale market below 450k price?

Good luck to you.
I doubt any owner or agent will entertain such low ball request.

10% off for lakeville unit under HOC program?
cheaper than early bird launching price?

Whole land is under the same parcel. You cannot have Tower A different date compare to other block.
Tower A, B, C, D, E, F + rumahwip seri wahyu all will have the same lease expiry date.

Who say ppl wont buy leasehold property with short tenure?
Example:

Expressionz Professional Suite
Newly completed
Leasehold until 2079

Here the completed transaction so far:

1. B-30-05, 861 sqft, dual key RP: RM810k. Sold at 890k.
2. A-13-3A, 891 sqft, non dual key RP: RM 780,030. Sold at 895k.
3. A-11-06, 1405 sqft, duplex dual key, RP: RM 1,180,980 - no info. possible sold or call off.
4. A-37-08, 651 sqft, RP: RM729,000
5. A-13-05, 1347 sqft, duplex dual key, RP: RM 1,170,000
6. B-12-07, 649 sqft, RP: RM700,000 *call off*
7. A-35-3A, 914 sqft, RP: 825,000

By the way, early bird purchaser who bought Block E & F end of 2014 will get few months LAD. Congrats.
Yet to VP. Most gurus will say the later the better. Unless you are eager to move in.

Just realise that rumahwip Residensi Seri Wahyu is Block G.
Tower F is the worst. So close to this rumahwip block.

AGM coming soon for Block A and B owner. Formation of JMB.

After 6 months. This unit enter lelong again.
Let's see whether the owner able to recover again or will just let the unit drop price in lelong market.

A-17-06, Lakeville Residence, Jalan Sibu, Taman Wahyu
Reserve price🔥🔥RM 600,000🔥🔥
Leasehold
978 sqft
Auction: 2-Apr-2019 (Fri)

Layout and example pics:

Is it this layout? The biggest balcony unit:



Balcony itself taken more than 15% of the unit total sq ft.

Unit sold at 442k early this year = RM450 per sqft.
Opening of the unit:

Rumahwip Seri Wahyu bumi lot released!
Now open to all non bumi. Not sure what happen behind the scene. Developer must have work something out.
Good grab now as will be paying lesser progressive interest.
Good luck.

Sharing lakeville residence + rumahwip seri wahyu master plan:




Seems like rumahwip got their own swimming pool.
Anyone know estimate date of completion for this rumahwip? Thanks.