Wow. Unbelievable. No taker at 357k.
Rental market at 1800 to 2000++ depending on your furnishing.
Now cheaper than ever pricing as below:

A-40-13A, The Elements, Jalan Bemban
Reserve price 🔥🔥RM322,000🔥🔥
Type A (Studio unit)
Ampang view. Unblock view. (only KLCC view block by Arte+ now)
Freehold
Auction: 28 Dec 18





This unit also no taker. Total got 2 studio unit in lelong market at the moment.
Rental 1800 to 2000+ depending on the furnishing.

2-13A-02, M City
Reserve price 🔥RM 382,850🔥
532 sqft (studio), 1 car park
Freehold
Auction: 20-Dec-2018 (Thu)

3-28-3, 28th Floor, Tower 3, M-City Ampang
Reserve price 🔥🔥RM 405,000🔥🔥
Freehold
533 sqft (studio), 1 car park
Auction: 22 Dec 18 (Sat)
*Occupied unit. Not sure owner or tenant staying.





No taker. No price drop.
Bank decide to maintain price.
Maybe is already too cheap. Drop from 700k+.

T3-15-12, Menara 3 (3 Towers), No. 296, Jalan Ampang
Reserve price 🔥🔥RM403,000🔥🔥
861 sqft
Freehold
Auction: 20-Dec-2018 (Thu)




No taker. Below 600k now. Duplex 1018sqft unit. S&P price at 1M.
Almost reach 50% off now.

2-29-18, M-City Ampang, No. 326, Jalan Ampang
Reserve price 🔥🔥RM 568,700🔥🔥
Freehold
1018 sqft (duplex), 2 car park slots
Auction: 19 Dec 18 (Wed)
*Vacant unit



This post has been edited by AskarPerang: Dec 10 2018, 09:06 AM

No taker.
Finally got a unit drop below 300k.
Too cheap to be true.


Now you can get a proper size 3 bedroom unit at studio pricing.
Via the lelong market of course.


F-9-20, Block F, Mutiara Ville Residence
Reserve price 🔥🔥RM289,000🔥🔥
1028 sqft (corner unit)
Freehold
Auction: 28-Dec-2018 (Fri)

If you think it's cheap now, you are way too early.

I'm waiting patiently.... hope you are right.

And no sign of improvement soon.. 2019 doesnt seem promising too... with the new government summore which can foresee need 2-3 years to stabilize everything .. there gone the day that everyone talking about property in office.

if u see house 20% below peak price. can consider buy already

for under development. for strata, 250-350k can buy already

This post has been edited by kurtkob78: Dec 11 2018, 11:42 AM

/k property expert

What is your opinion on using commodities price movement as an indicator for property price rebound?

lets say if oil price increase to more than USD 100 a barrel in the next 2 years and remains at that level,does it means property rebound is around the corner?

oil price increase petrol increase, so less disposable income. not gonna improve prop market.

good indicator is unsold prop units

-double post-

This post has been edited by Ron2828: Dec 11 2018, 12:08 PM

Property price is not known to be correlated with oil price.

Until overhang is reduced substantially, price is unlikely to rise.

LOL for first time I agreed with u about this

Supply > demand
Or
Price > affordability

never too late.

For info, Block D is launching now (still undercon) same size same layout, bank valuation up to 530k.
Block A, B, C completed. Launching price last time from 400k above.
Now in lelong not only 20% below price, but 30% below launching price.

From launching price of 4xxk last time, now you can choose which unit to go for at 100+k below launching price. Good deal here.
3 units to choose from. 1 unit occupied by owner, 1 unit vacant. The bigger size unit got no info.
Can check on brickz, subsale units all transacted at 400k and above.



This post has been edited by AskarPerang: Dec 12 2018, 08:47 AM

leasehold so high risk. only will consider when more than 40% discount or got cash

Unless remaining lease is short e.g. >60 years, risks is similar as freehold. But than price would be equivalent to long term rental price.


This post has been edited by icemanfx: Dec 12 2018, 10:13 AM

From my experience for bumiputra buyers there are risks that your application to transfer the lease to a non-bumiputra would be rejected by the state government. No problem that I know of for non-bumi to transfer to either a bumi or a non-bumi.

Is better for bumi buyer to just get freehold units to save up the future trouble.
Correct?

not really, PBT could said that bumi qouta not fulfilled, can only sell to bumi

Yeap, that's how I understand it too. The comments above about difficulty to transfer the lease from Bumi to Non-bumi came from the lawyers that I engage with (I have to deal with them for my clients' conveyancing needs). These are the people that do it on a daily basis (as opposed to talking crap).