No taker.
New price and details as below. I guess this is highest floor, penthouse unit (duplex). Bank valuation at 1M.
Layout should be hard to find coz only got limited such units in this project.

C2-35-05, Block C2, Royal Regent Condominium, Sri Putramas III
Reserve price 🔥🔥RM 729,000🔥🔥
Freehold
1950 sqft (duplex, corner lot)
2 car park slots
Auction date: 27-May-2019 (Mon)
Previous Auction(s) for this property
Auction Date  Price
2019-04-27  RM810,000.00
2019-03-21  RM900,000.00
2019-02-25  RM1,000,000.00

all no bidder.

https://www.theedgemarkets.com/article/mala...perty-obsession

https://forum.lowyat.net/topic/4776457

Survey showed many bought property on impulse.

Wow isnt this cheap? right in KL, oppo bkt Tunku, and < rm400/sq.ft.

I reckon it is also due to lack of financial/investment education. Not enough exposure to other investment vehicles, and mistakenly taught that "property never lose value".

Properties can lose value, as we all know. What they actually say is that "properties are tangible, it is real". But just because something is real and tangible doesn't mean that it has value. I have a rock here that is real and tangible, does that mean it has value to you? 

People actually went bankrupt for listening to those with vested interest in the properties - be it the salesman, bankers, developers, fellow investors etc.

Well let's take a look at reality here. Bankers and salesmen and developers don't care about educating you, they only want to make a fat profit, and property buyers give them their supply of fat profits. Each time a property changes hands, we see at least 10-15% of the property value goes into administrative costs, and another 100% in interest payment over the next 20 years.

If it's me also I want to keep you dumb la.

not me. I am a mortgage broker and I would be among the first to let younglings know that they should not sign on the dotted line unless they have done their researches.

Too many foolish young people have signed themselves into bankruptcy without fully understanding the contents of the agreements.

I find it funny, these people would do tremendous research when buying their phones, cars, wedding, etc. But when it comes to properties, they sign away.

Not me. You may have given the kids good advice and they might not have signed with you, but they're going to the next broker who will tell them things like "I'm sure your salary will increase over time so your burden will lighten, and your asset will appreciate". So I'd rather have them sign with me, I make my profit, and then turn around and buy back their foreclosed homes when they default.

Not like I bankrupted them pon, they should've done their homework. Sure it might sound ruthless and cutthroat, but educating people to be smart in buying homes is not my job if it doesn't help my sales figure. (Even though I'm not in mortgage sales)

Tumpang thread.

When bubble burst?

Lelong reserve price at 272k. Market Value 340k.
Owner decided to let go at 260k via normal subsale market.
Unexplainable.

C-8-5, Pangsapuri Damai, Jalan Tokoh 25/28, Taman Sri Muda, Seksyen 25, 40400 Shah Alam
Reserve price 🔥🔥RM272,000🔥🔥
1041 sqft
Leasehold until 2107
Auction: 27-May-2019 (Mon)



Previous Auction(s) for this property
Auction Date  Price
2019-04-30  RM275,400.00 - no bidder
2019-03-28  RM306,000.00 - no bidder
2019-03-04  RM340,000.00 - no bidder
Owner jual 260k shj. Dan dh ada buyer yg lock deal. Untung buyer ni! Lg murah dari harga reserve lelong. 
Blh search iklan. Bnyk agent yg promote unit ni. Contoh:

Well let's take a look at reality here. Bankers and salesmen and developers don't care about educating you, they only want to make a fat profit, and property buyers give them their supply of fat profits. Each time a property changes hands, we see at least 10-15% of the property value goes into administrative costs, and another 100% in interest payment over the next 20 years.

If it's me also I want to keep you dumb la.

If that were true, there wouldnt be any such thing as lending to good creditors because theyd lend to anyone.

Thing is, banks really dont want to hold properties.

Its not their core business, it locks up their capital, and the times when they get lots of foreclosed property on their hands is usually the worst time to selloff those properties.

The MoU was signed during the Belt and Road Initiative in Beijing last month, she said.

Zuraida also allayed fears that the China-based companies would pose a threat to local players.

"At present, we only have 11 local companies involved in construction using IBS, and they only have the capacity to build 19,000 units annually.

"With the entry of the China-based companies we can build many more affordable homes to meet our target (to build one million units in 10 years.)

The MoU was signed during the Belt and Road Initiative in Beijing last month, she said.

Zuraida also allayed fears that the China-based companies would pose a threat to local players.

"At present, we only have 11 local companies involved in construction using IBS, and they only have the capacity to build 19,000 units annually.

"With the entry of the China-based companies we can build many more affordable homes to meet our target (to build one million units in 10 years.)

https://www.thestar.com.my/news/nation/2019...RiLtWfpRXoqB.99

If policy is implemented, housing shortage is unlikely in next few years.

i also know how to sell

property xxx
market price 900k
lelong 482k NOW!

Question: the property is worth 900k or 482k now?

Having foreigner build and building capacity is one thing, back then I was researching on IBS, many of the materials do not pass the fire test by Bomba, poly styrene, poly ethelene dan poly properlene all cannot pass for high rise building, unless you are talking about landed property where standard is lower.