Attracted 13 bidders fight just now.
From 300K.
Sold at 398K only.

Good catch?

30+% above purchase price. Good outcome for auctionee.

Question if u got lelonged out of a rumahwip, can u get another one?

The entry price of RM300k is surely lucrative. I would have bought the unit in a heartbeat. However, I am not entitled to a rumawip project due to my income being above the threshold limit. So, I have no choice but to use the auction route.

I have already personally seen the unit through some agents for the bidding process preparation. Upon my assessment, I can definitely say that Kiara Kasih on the top tier of rumawip. They have established a great community (I have seen the whatsapp shared by the agent), the mentality of the residents that emphasizes improvement of the residence & the income level that are skewed more towards T20 ( I have seen the cars that are parked there).
Upon multiple deliberation, I can safely say that I will bid for the unit for my own stay & RM450k is a comfortable figure that I am willing to go for. However, I will not be surprised if people are willing to push the number above ~RM500k. I have done my study & I suggest you do the same

Attracted 13 bidders fight just now.
From 300K.
Sold at 398K only.

Good catch?

Hi Mark,

Keep wondering because as I have mentioned before, I am not going to share.

so you get the unit below 450k...byk untung lor...

anyway...here many people cui sui wanna fight for unit...dunno is real or not.... i normally will cui kaw kaw after bought.... cos normally if cui too much.... tuhan will make something not good happened and cannot get what we wanted...

Did you get it at 398k? I'm assuming you do since your target is 450k

My popcorn almost finish eating but why that guy haven't announce his success.

Doesn't matter la whoever won, why bother so much 🤣

Whatever price its sold it's based on market demand & it's clear that this property has demand based on the 13 registered bidders. Congratulations to the new owner & existing owners are just smiling today patiently waiting for Bon Kiara to open up the road & hopefully MRT confirmation someday in the future.

For those who tried but failed, well better luck next time if there is any. Who knows you get a better unit in the future facing MK, that for sure would attract more bidders ✌️

You declared bankrupt still can get another?

Technically this auctionee here has untunged 90k+. That’s a 30% deposit for another rumahwip. Can someone who understands this run the math and ramifications?

I think this buyer still at lose.
1. He maybe never even serve 1 month monthly installment.
2. He maybe never even serve progressive interest for 4year
3. The legal fee & Auctioneer fee involve is not less maybe here already lost 20k to 40k.
4. Don't forget if you not payment progressive interest or installment, bank maybe increase the interest rate to you from 4.2% to 5 to8 to 10% maybe, who know?
5. Break contract fee (maybe lock in period for bank loan)
6. If the owner not submit all those cost thing to lhdn, then 90k consider as profit maybe will charge rpgt 30%.

After all the additional cost on top of the property, it may lose money even 90k extra from buying price.

Flipping rumahwip game right? Yeah it's do able but not worth the effort.

Smart people doing smart work, smart people especially know the game and rule, they will not doing this because compare to bulk purchase etc pla pla pla, this earn too less with a lot of harass and effort.

OK let said paying all the thing and purposely let it go via auction

Additional cost
Lawyer fee & autioneer fee
Progressive interest he paid is cost (around 20k)
Break loan agreement contract penalty
Rgpt from the profit 90k (30%)

In the end, ready earning? Can break even already happy jor.
This is my opinion la.

Some guru along the way will crunch the numbers on this. But for it to sell so well means that the rental already covers instalment and you shouldn’t need to purposely Lelong.

Rgpt from the profit 90k (30%)

The number of applicable years (holding period) starts from the date of the property’s Sale and Purchase Agreement (SPA), and not the date of vacant possession.

source:
https://www.propertyguru.com.my/property-gu...ysia-2020-12228

Since this project launch 4 ~5 years ago, so i guess the Rgpt should be 15% ~ 20%