sudah explode belum?

everyday bubble pop bubble pop so when only pop

it wont, only stay and rise BBB UUU

but the lelong leong news and mont kiara nobody buy news macam mana

mont kiara???
or you mean cyberjaya?

u wont know it pop, because napic dont include auction props in their index calculation.

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480,000 --> current reserve price

Anyone taking?

the maintenance too high not many can afford.

under 300k people take

300k i take

faster boom lo... multiple signs thread already v20 and still belum boom... i wanna get a subsales desa park landed 50% below cost price....

If one understand about inflation, holding cost, real price and nominal price; price needs not drop to be a value buy.

This post has been edited by icemanfx: Feb 8 2018, 10:44 AM

well... i understand my own capability is that i need it to drop half of the current price to consider as value buy to me...

Contended is happiness. one doesn't need to buy and stay at dpc to be happy.

Selected auction units for those interested in investing in cyberjaya.

1. Can find new studio unit below 200k? Here you can!!
HT-21-09, Harvard Tower, Garden Plaza, Persiaran Harmoni, Cyber 3, 63000 Cyberjaya

Reserve price 🔥🔥RM 196,830🔥🔥 non bumi lot
freehold 450sqft (3 rooms student suite, fully furnish by the developer)
Auction: 22/2/18 1 carpark



2. Lelong!!! B4-7-3 Mirage By the Lake, Cyberjaya
Reserve price 🔥🔥RM 393,660🔥🔥
1009sqft Non bumi 2 carparks Freehold
Auction: 22/2/18




3. ST1-36-14, Menara Solstice 1
Reserve price 🔥🔥RM 251,100🔥🔥
450sqft
Auction: 26/2/18




4. Launching price 460k in 2013. Auction price today:

Verdi Residene@ Symphony Hills, Cyberjaya

700sf 1rooms 1baths, Freehold, BUMILOT
Reserve Price RM255K
Auction Date: 22 Feb 2018




5. Finally we have the first unit here to drop below 300k.

Mutiara Ville, Cyberjaya

Reserve price 🔥🔥RM 297k🔥🔥
Freehold 1000sqft
Auction: Feb 18




6. Actual location is not at Cyberjaya but just posting in case anyone interested.

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18





Good luck.

https://www.thestar.com.my/business/busines...auction-market/




New units entering auction market

OF late, brand new never-lived in properties have been entering the auction market. Some of these units are foreign-owned while the majority of them are local buyers, a source from an auction house says.

Owners are not bothered to take possession of these units while some took possession for a short while only to forgo their investments.

Two banks confirmed there are such units entering the auction market.

Most of these units were purchased four to five years ago under developers interest bearing schemes with low downpayment. Under the scheme, mortgage payments only kick in when the property is completed.

“They wanted to flip the units but because of the weak property market, they were unable to sell them,” the source from an auction house says.

This “trend” of never-lived in units coming under the hammer is something that is relatively new which started two to three years ago, the source says.

It started as something innocuous initially. Today, the source is seeing more such units entering the auction market.

“Maybe 5% to 10% of our listings comprise these new units,” the source says, adding that more are expected to enter the auction market.

A bank employee who heads the auction division says his department are seeing more brand new units entering the auction market.

“These unit come directly to us from the developers. These are recently built condominiums with high prices in which buyers had purchased for investment but have decided not to go ahead with the mortgaged payments,” the bank source says.

Most of these units are in Johor although there are also units in the Klang Valley, the bank source says.

He says those who buy properties for occupation are not “that affected”. Those who are “hit” are “mainly investors”, the source says.

The issue is not so much the interest rates as mortgage rates remain low at 4.25%-4.35%.

There was a time when double-digit interest rates forced many into arrears soon after the Asian Financial Crisis in 1997/98. Unable to keep up with mortgage payments, they lost their homes, the source says.

But this time, he says, it is different. The issue is not interest rates.

The source says his bank has over 100 foreclosures each month, of which about 58% come under the hammer. The rest are withdrawn from the auction market.

The bank source says the number of foreclosures today is “unlike” that during the period soon after the Asian Financial Crisis. That period saw a lot more foreclosures. In that sense, the number of foreclosures has not really risen.

“It has stabilised,” he says.

On whether he is seeing more small offices home offices (SoHos) and properties in this genre in their books facing foreclosures, he says the bank has not been lending aggressively to this segment of the property market.

SoHos are commercial properties with a residential element to it.

He says the bank he works for is rather “conservative” and does not have much exposure in this genre of the property sector.

On whether there is a significant rise in the number of auction on new units from other states other than Johor, he says “not yet”.

He says the bank is trying to cap its non-performing loans at 1% to 2%.

However, the bank’s mortgage base, or property loans, is rising.

The source says while mortgage loans is a growing market, it would like to limit exposure to certain segments of the real estate market.

A second bank source says his bank’s mortgage loans hit new records annually but the NPLs are capped at 1% to 2%.

So despite the NPLs at that low rate, the mortgage base has grown annually which means that more properties will be financed and some of these may become delinquent.

The rise in the number of units auctioned is “incremental” because any units which are unsold at the first round of auction will be put on the second round but with 10% drop in price.

“The number of cases, or units auctioned, is based on NPLs and the mortgage base. There may be a perception that there are more auctions today, but this may be due to units going through multiple rounds.

“There may be more auctions but not more units,” the source says, adding that since 2002, the recovery process has been more efficient.

On the broad range of properties auctioned today, he says that over the last 10 years, the majority of properties offered by developers belongs to the “high-end category of RM400,000 and above”.

Prior to this, launches were priced at between RM200,000 and RM250,000.

As the types of units broaden to include a wider range of housing types with higher prices, it is natural auctions today carry a wider range of units with differing price points as well as the lower priced flats and apartments, he says.

According to professor /k, pop liao...1000 properties in auction market yo...but oops i forgot we got 30m populations with 10m is working pop.

no need for napic on things like this. if pop d everyone will be crying coz jobless, news will be full with it, ppl will go 14th floor, banks will be reporting loss with massive vss,mss and 0 bonus for existing stuff. None of this happen since 2014? yes..bank is tightening requirements cause they are learning from 2007 burst.

Cyberjaya....house only attractive for gov employees for no-life ppl who is going to work in cyberjaya only. Of course can rent to students.

But I would buy though if its under 150k

From your description, pop only in economics depression. It seems you are detached from economic reality.

For those who missed the bubble pop.