Lelong unit
7-52, 7th Floor, Axis Sohu & Residence @ Axis Pandan, Taman Cempaka
Reserve price 🔥🔥RM 243,000🔥🔥
Leasehold
562sqft
Auction: 25 Apr 18

Subsale transacted minimum 285k for unit of similar size:

No taker. New price below:

7-52, 7th Floor, Axis Sohu & Residence @ Axis Pandan, Taman Cempaka
Reserve price 🔥🔥RM 218,700🔥🔥
Leasehold
562sqft
Auction: 24-May-2018 (Thu)

Axis Crown already VP-ed?

Not yet. I only heard from my uncle that the JMB there managed to find someone to complete the Crown portion late last year. Not sure on the outcome of it.

It is coming to 8 or 10 years?

those Axis crown buyers until now still notget VP, how many interest pay to bank oledy?

So far no one lodged a complaint to REHDA, DBKL or the MP on this case?

Seems like at this rate, this block will be VP-less in years to come.

I wonder if the new Pakatan gov't will be able to resolve this case, tho.

binapuri where are you? will you work on this like how you worked on main place?

Another super cheap unit available in the auction market. More than 100k below subsale pricing.

E-31-06, Axis Residences @ Axis Pandan
Reserve price 🔥🔥RM 255,150🔥🔥
Leasehold
739sqft
Auction: 04-Jun-2018 (Mon)

Just visited today. 3 years ago the 1st floor shops (upper floor) was abt 80% occupied. Now it's 10% occupied. Maintenance is terrible, dirty and smelly. Not comfortable to visit compared to other clean neighbourhood malls.

Ground floor still OK, maybe 70% occupied. AEON supermarket there replaced by "Matahari" (never heard of it before, probably not a chain). KFC, Old Town, the corner mamak, pharmacy and Focus Point still holding on. Upstairs some snooker place with blacked out windows.

It looks pretty sad, compared to a few years ago. Axis Crown still surrounded by hoardings, and even some stagnant water in front. From afar, looks OK. Why was it abandoned?

No taker yet again. Wow. New price as below:
Is it loan issue people scared to buy via lelong?
Need to buy with cash coz developer bankrupt?

7-52, 7th Floor, Axis Sohu & Residence @ Axis Pandan, Taman Cempaka
Reserve price 🔥🔥RM 196,830🔥🔥
Leasehold
562sqft
Auction expected in Jun/Jul 18

Hi Askar perang,

This unit got caveat ? Or it has unsettled bill with the management? So cheap yet no takers.

I'll try to go up to the mgmt in this 2 days and see whether they will provide any information on this unit.

It is not possible to caveat a unit which does not come with individual strata title yet.

Outstanding bill fully borne by the auction bank. Only utility bills not covered. But is good to know the bills example sometimes from the water billing can tell whether the unit is currently still occupied or vacant.

Just say you are agent, asking for your buyer. Otherwise they lazy to layan
Can try calling on the phone also

This post has been edited by hspace: Jun 11 2018, 04:21 PM

7-52, 7th Floor, Axis Sohu & Residence @ Axis Pandan, Taman Cempaka
Reserve price RM196K
562sqft
Auction: 26/06

lol. anyone trying?

If you thought the above studio size unit below 200k is cheap, now look at this unit. Is even cheaper!!!
No taker at 255k. Another 10% price drop as below:

E-31-06, Axis Residences @ Axis Pandan
Reserve price 🔥🔥RM 229,600🔥🔥
Leasehold
739sqft
Auction: 14-Jul-2018 (Sat)

Once again got another unit to drop price to below 200k.

7-63A, Axis Sohu, Jalan Cempaka, Taman Cempaka
Reserve price 🔥🔥RM 197,000🔥🔥
Leasehold
558sqft
Auction: 26-Sep-2018 (Wed)

Rental rate 1200-1500. Good investment for cash flow game.

isnt this prop hard to get loan as no strata title (or is it CF) yet due to partially abandoned?

I visited the management office. Somehow put me off. I think a lot of owners go there and complain. So the staff also defensive and not to say super friendly, got weird vibe.

If this is meaning if i have to pay Cash for the unit.

rental of RM1200/mth is meaning 7.2% rental yield which is much better than FD.
Where RM1500/mth will be equal to 9% yield.

What are the other risk? If i am paying to the bank in full straight after the auction,
so legally i have the full ownership of the property.

No need to pay stamp duty before the paperwork can proceed also LHDN wouldnt know
about the Cash Payment as well as rental income.