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So, has it collapsed yet? 

So BBB mode on ??

Goreng until char koaw tiau burn to crisp??

Got lubang for group buy?

cyber got more hope than simonyet

but got new highway straight to ampang... youngster who dip their head in.. suffers the next 5 years at least of travelling ...

this is what prominent developers and their young and active sales team had make buyers to believe so...

still fresh in my mind back at 2013.. where ppl line up to buy sp projects.... gg.com

Parents also play a part. They will tell their children to BBB blindly, citing the ever increasing price of property but they never really check if the area is worth buying. End up buying props in such areas where developers cleverly  marketed themselves as being premium in an out skirt location. I clearly remember my Rawang friend telling me off that it's only 'you' KL people that are buying those overpriced DS there. He asked me how many 'local' Rawang residents can afford a Rm800k DS. If they could afford Rm800k, they would have moved to KL or PJ and bought landed there. Now it's like the other way round. Just because developer marketed their products cleverly, people are moving to the outskirts but buying at 'city' prices.

Spot on!

This is the problem now, outskirt development selling at sky high prices.

12 years ago, I bought Rawang corner terrace at only RM$120K, now MS wants to sell $500-600K???

must wait 20 years, just to break even?

For own stay ok lar. Rm120k for corner house though 12 years ago. Still within means. But its Rm800-900k for a DS terrace now near Aeon Rawang. You really have to be kidding me to pay so much for a house in Rawang. 

Prices will drop regardless right? new development agents are having a hard time. I mean, used to be that the developers wont even engage property agents to sell the houses. but to cut cost (overhead of employees, marketing), they decided agents are the way to go.

Not really. I see a lot of developers are engaging property agents or agencies to help sell their houses once they failed to sell themselves after a certain period of time, by giving them massive discounts and incentives to do so. Prospective buyers could definately squeeze these agents for discounts once thats the case.

Doesn't make sense though. These agents are driven by money. When you ad another middleman into the transaction, you would increase the price of the property, not reduce them.

Sold at 280k just now. 3 bidders.
Once again higher than previous reserve price.
Anyway still good catch. 50% below market.

Sell so low and yet you still owe bank and you still need to repay bank the remaining.. What's the theory on this? Can someone enlighten me?

No taker again. Cheaper price than ever for the past 2 years now.
With upcoming confirm MRT2 station that interchange with KTM. At this price should be the cheapest walkable to MRT2 station medium cost apartment standard.

B3-17-27, 17th Floor, Kepong Sentral Condominium
Reserve price🔥🔥RM 202,500🔥🔥
Leasehold till 2102
962sqft, 1CP
Auction:  11-Oct-2018 (Thu)

   

Those are lelong units. They are unable to repay the installments so the banks exercised their power of attorney to force-sell the unit. Unfortunately, even the banks can't sell it to cover the principal outstanding, and the difference still has to be paid back by the borrower.

so only if the (ex) owner cant repay the balance, he can be declared a bankrupt?

I Residence located in Kota Damansara.

The dveloper propose to build 3 tower of service residence with 11 or 12 level.
There are 17 units of 2 sty shoplot (Sold Out) & 4 sty parking lots. Resident area start from level 7 until level 18 or 19.

Tower 1 & Tower 2 almost 90% sold out and Tower 3 will launch on Nov 2010.

Expected completion will be 2013 1Q

Size available is 579sf, 999.5sf, 1015sf & 1240sf.

The price starting from
579 sf -- RM431/sf -- studio -- 1 parking lot (Expensive!!!)
999.5sf -- RM384/sf -- 3 rooms -- 2 parking lots
1015sf -- RM388/sf -- 3 rooms -- 2 parking lots
1240sf -- RM388/sf -- 3 rooms -- 2 parking lots

Every level increase RM1/sf.

Maintenance fees / month = RM0.24/sf

So, what do u think? can buy for investment? or stay?

Bank lelong unit starting 414k, 1240 sqf unit... below developer launching price?

https://www.lelongtips.com.my/property/5590...or-for-RM414000