Read and replied.

The Elements @ Jalan Ampang, KL address. 5km to KLCC.
Launching price back in 2012, refer sales chart below:



Now you can get lelong unit at below 700k.
Not 1 unit. But 3 units available. All around same pricing.
S&P price from 1.2M++. Almost 50% off you can get today.
KLCC facing unit (same floor unit) more expensive by 93k!!! Now ended up block without any view.

B-41-13, The Elements @ Ampang
Reserve price 🔥RM 669,222 🔥
Freehold
1572sqft, Corner unit
Facing towards KLCC
Auction: 27 May 2019 (Monday)
*Foreign owner (Japan)

B-11-1, 11th Floor, Block B, The Elements@ Ampang, Jalan Bemban, Off Jalan Ampang
Reserve price 🔥RM 631,800 🔥
Freehold
1572sqft, Corner unit
Facing towards KLCC
2 car park (but tandem arrangement)
Auction: 24 Jun 2019 (Monday)
*Foreign owner (China)

A-29-15, 29th Floor, Block A, The Elements@ Ampang, Jalan Bemban
Reserve price 🔥RM 648,000 🔥
Freehold
1572sqft, Corner unit
Facing ampang (unblock view)
2 car park (but tandem arrangement)
Auction: 24 Jun 2019 (Monday)
*Foreign owner (China, not the same owner as above unit)

Where??

I want to feel sorry for the banks but I cant.

Bro u do auction right ?
U have the details on a factory lot in Chan sow Lin that going to auction ? Reserve price around 3mil

Hehe... Want try aussie 50% discount?

The pricing for affordable homes will not exceed RM300,000 but the exact selling price will vary across different states based on the household average income and construction cost in each area.



https://www.edgeprop.my/content/1541687/nat...ampu-milik-drmm

Not able to locate such auction here: https://www.lelongtips.com.my/

The parallels between China’s current landscape and Japan’s three decades ago are readily apparent, stemming from a loose monetary policy that laid the foundation for the expansion of a housing bubble, said Naoyuki Yoshino, dean and CEO of the Asian Development Bank Institute.

China flooded its economy with credit in response to the 2008 global financial crisis, fuelling rapid growth in mortgages, real estate borrowings and investments over the past decade.

In the same vein, the Japanese government’s relaxed monetary policy in the 1980s triggered an economic bubble that eventually burst and sank the economy into a recession that lasted almost 25 years, with the Bank of Japan continuing to still keep interest rates at or below zero per cent to this day in an attempt spur inflation.
.....
Home ownership is one of the few ways for Chinese families to generate wealth because of limited investment opportunities. The average price of a home in

Beijing has soared from around 4,000 yuan (US$578) per square metre, or 380 yuan (US$55) per square feet, in the early 2000s to the current level of well above 60,000 yuan (US$8,677) per square metre, or 5,610 yuan (US$813) per square foot, according to property data provider creprice.cn.

The increase has also lifted the housing price to income ratio sharply from 5.6 in 1996 to 7.6 in 2013, well above the Japanese rate of 3.0 at its peak in 1988. The price to income ratio is the basic affordability measure for housing.

According to the Global Times, a reasonable home price should be three to six times the median household income. That means a family with an average income can buy a house with three to six years' annual income. The house price to income ratio in China is above 50 in the first-tier cities and 30 to 40 in the third- and fourth-tier cities, the newspaper said in October. There are four levels of cities in China, defined by a number of factors including gross domestic product (GDP) and population, with Beijing, Shanghai and Shenzhen considered tier-one cities.

https://www.scmp.com/economy/china-economy/...-bubble-led-its

How much is kv home price to median household income?

Wow. Didnt realise this unit still available.
More than 10 years completion and I heard from people this unit is still in virgin condition. Owner did nothing for more than 10 years. Anyone able to verify this statement.
Title issued but perfection not done. Still need to deal with the developer. Developer wind up. Liquidator should be around. Subsale still able to sell, refer: https://www.brickz.my/transactions/resident...dah/non-landed/


A-23A-7, Block A, Pelangi Indah Condominium
Reserve price: 🔥🔥RM 249,671🔥🔥
Freehold
1938 sqft (duplex penthouse unit), 1 car park slot (at Ground floor)
Auction : 31-May-2019 (Fri)


Previous Auction(s) for this property
Auction Date Price
2019-02-28 RM277,412.00
2019-01-30 RM308,236.00
2018-10-25 RM342,484.00
2018-09-28 RM380,538.00
2018-09-13 RM422,820.00
.
.
.
too long to list
1st auction at 580k.

Additional info to Thasmita who seems to be interested in this unit. This is not the owner only property kena lelong. Got his other property lelong and sold before elsewhere. Boss of some "scammer" company. Refer this website: https://chongmantung.wordpress.com/

Better check for possible caveat also. Many people hunting down this Dato Seri Dr. Chong Man Tung.
Good luck!

So much lelong properties, but I prefer use all my extra cash to pay my current property bank loan.

The bottom has not been reached yet.
Rental yield is far too low.

Look at the map, almost impossible to achieve in Penang.

Have you come across any auctions of residential land?

Considering all asset class yield nowadays, low yield is the new norm.

So don't expect yield go up anytime soon unless there is a major financial reform globally from stocks, to bonds, and even property.

WoW!

Yeah, it will not happen soon, this is a slow process.

Yes: https://www.lelongtips.com.my/search/?prope...&state=selangor

Surprisingly land worth a lot more empty than those have buildings on it for what they are asking.