wow. 6++ sqft below 200k can buy. BBB

800k++ condo going for below 600k. Who got the cash can go sapu
Villa Pantai Condominium
Property Address: Kondo Villa Pantai, No. 1, Jalan Pantai Murni 8, Pantai Dalam, 59200, Kuala Lumpur
Built Up: 1646 Sq Ft (Approx. RM 344.47 psf)
Auction Price: RM 567,000.00
Auction Date: 14-Jul-2018 (Saturday)
Tenure: Freehold
Restriction: Bumi Lot

In case you guys dunno where this is...if not mistaken now they rename it to saville condo

No taker this unit. Now at even cheaper price.

No taker. Cheaper price than ever now.
For bumi buyer only.

B-05-02, Kondo Villa Pantai @ Saville , No. 1, Jalan Pantai Murni 8
Reserve price: 🔥🔥RM 510,300🔥🔥
Freehold
1646 sqft
Auction :  07-Aug-2018

Freehold, but only for bumi buyer. So that means the property still under master title right?

Yes still under master title that's why the bumi quota still apply.
Best time for bumi buyer actually to try this unit. Buy at a cheaper price and hold until individual strata issue. Then you are free to sell to anyone. No longer got bumi quota.

No taker this unit. Now at even cheaper price.

No taker. Cheaper price than ever now.
For bumi buyer only.

B-05-02, Kondo Villa Pantai @ Saville , No. 1, Jalan Pantai Murni 8
Reserve price: 🔥🔥RM 510,300🔥🔥
Freehold
1646 sqft
Auction :  07-Aug-2018

honestly though, is the bottom-low prices of these units through lelong transactions affect the current subsale prices? Like if you look at brickz you would see the lelong transactions.. .would it be wise to buy this units in the hope that they would bounce? If too many lelong units for a given area, doesn't that mean that the bubble has burst?

honestly though, is the bottom-low prices of these units through lelong transactions affect the current subsale prices? Like if you look at brickz you would see the lelong transactions.. .would it be wise to buy this units in the hope that they would bounce? If too many lelong units for a given area, doesn't that mean that the bubble has burst?

If only this was 2 months earlier...damn la. Already bought another unit in nearby area and out of funds now 😭
Depends on how many units on lelong for that particular development. Most of the time it won’t impact much because you don’t get that many lelong units for the same development. I love buying these type of units coz the market price usually still maintains.

Of course there are exceptions when a development got too many lelong units like M city *cough**cough* too many lelong units confirm market price will come down.

NAPIC and Brickz not taking lelong transaction into their data. Or developer units also not recorded.
Valuer if need to place a unit will not be able to access the data of the sold transaction via lelong.
Still will be benchmark to actual subsale transaction.

Certain area yes lelong coz not able to sell or rent out such as:
- Cyberjaya especially studio unit.
- Buying overprice highrise property such as M City, Icon City, Central Residence. Even able to rent out at market price also will not be able to help the owner much.
- Landed property at ulu places such as M Residence 2, Ceri Hillpark Puncak Alam, Bandar Tasik Puteri (Garden Heights/Acacia Park), Saujana Rawang, Semenyih or Sendayan. Here need big holding power.

Cheap lelong unit available here at half price maybe?
See the comparison here:

Another think tank predicting a property bubble burst.

How many believe???

http://www.freemalaysiatoday.com/category/...rns-think-tank/

KUALA LUMPUR: The Institute for Democracy and Economic Affairs (IDEAS) predicts that the property bubble which has been building up over the past few years will burst soon.

IDEAS senior fellow Carmelo Ferlito said the spectacular growth of the high-end property segment was ignited by rising profit expectations, growing demand and a supportive credit market.
He said the mix of these elements had generated a bubble which, following the property transaction dynamics, reached its peak between 2012 and 2013.

Reports over the last few years have highlighted the glut in supply of office space and high-end residential establishments in certain parts of the country, particularly the Klang Valley. At the same time, there has been a demand for affordable housing.

Ferlito, in an IDEAS policy paper titled “Affordable Housing and Cyclical Fluctuations: The Malaysian Property Market” explored the problem behind the local property market and provided some policy suggestions.


“The focus on the high-end segment was justified by high demand, and it is therefore natural that investment expanded in that sector,” he said.
“However, now that it appears clear that unexploited profit opportunities are disappearing, a capital allocation restructuring appears necessary.

“The high involvement of government agencies in the affordable housing market risks crowding out private initiatives and preventing the necessary restructuring from taking place.”

He said it was important to let the bubble burst, adding that too much credit would only delay this and keep prices artificially high, putting at risk the financial solvency of buyers.

“Without credit support, the crisis will happen faster and force both capital restructuring and prices to move downwards.”

He suggested that the government be ready for the bubble to burst and the risk that it could lead to an economic crisis.

The paper recommended that the government respond with market-oriented solutions and pay special attention to household financial exposure. It also suggested that the government downplay its role in the property market by reducing the number of government agencies, and encourage the private sector to get involved in the affordable housing market.

Another suggestion was for the government to enhance financial literacy, especially encouraging people to save and rent instead of buying properties.

Ferlito said the government could also ease regulations to allow foreigners in possession of a regular working visa and who paid taxes “to help the industry in a crucial moment of difficulty”.

Just realised I replied to the V1 of the epic series.
https://forum.lowyat.net/topic/3031756/+100?hl=Bubble#

this series is a spin off from another discussion thread.
the original bubble thread started in 2008 here:
https://forum.lowyat.net/index.php?showtopic=741185&hl=

this series is a spin off from another discussion thread.
the original bubble thread started in 2008 here:
https://forum.lowyat.net/index.php?showtopic=741185&hl=

10 years on and property is still steady albeit some fire sales and auctions.

10 years on and property is still steady albeit some fire sales and auctions.