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

yup and interest from ppl also very very less.
not many interested or hardworking enough to find out the exact location of the land.

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)

Have you seen them go very low for a few rounds, or just stay at the price?

Wow bargains everywhere. If really Malaysia future is bright, 10 years down this kind of property must be freaaaking cheap in comparison. But then now people is like doom and gloom with the current outlook, no people would want to commit even sometime got pretty good deal.

Normally is land office or high court auction.
Re-auction gap is very long actually. 3 to 6 months if no taker. Is hard to keep track.
And if it is too long in the market, owner able to recover and settle the outstanding with the bank, so no more will be in the lelong market.

Once again no taker. below 200k now. OMG!

B-01-02, 1st Floor, Block B, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 183,600🔥🔥
Freehold
710 sqft (duplex)
Auction:  End of Jun 19
*Non bumi lot


Previous Auction(s) for this property
Auction Date  Price
2019-05-29      RM204,000.00
2019-04-29  RM226,000.00
2019-03-27  RM251,000.00
2019-02-27  RM278,000.00
2019-01-28  RM308,000.00
2018-12-28  RM342,000.00
.
.
.
1st auction price 520k! Every round no taker. Is at re-auction the 10th round now!
------------------------------------------------

Eclipse bumi lot lelong unit (duplex) still unsold even at below 350k.
Now non bumi unit is available, duplex as well at 380k. Launching price above 500k++ last time.

ET1-28-10, Eclipse Residence, Persiaran Multimedia, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM380,700🔥🔥
950 sqft (duplex), 2 car park slots
Possible to split into dual key (dual entrance)
Freehold
Auction: End of Jun 19
*Non bumi lot


Previous Auction(s) for this property
Auction Date  Price
2019-05-29      RM423,000.00
2019-04-29  RM470,000.00
2019-03-27  RM522,000.00
2019-02-27  RM580,000.00
2018-09-06  RM580,000.00

All no bidder.
-------------------------------------------

Another day, another cheap lelong unit available.
Brand new virgin unit condition.
Unit come partial furnish from the developer. Ready with Front Grill, Kicthen Cabinet & Aircon.
Launching price from 650k++ last time.

T1-32-03, Lakefront Residence, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM 408,240🔥🔥
Freehold
1390 sqft
Auction: end of May 19 or after Raya
*Non bumi lot
*Vacant, brand new condition

Unit facing Setia Eco Glades.
This is the view (paying 20k to 30k premium more to get this facing):


Layout:

Previous Auction(s) for this property
Auction Date  Price
2019-05-11  RM453,600.00
2019-04-27  RM504,000.00
2019-04-09  RM560,000.00

All no bidder previously.

Normally is land office or high court auction.
Re-auction gap is very long actually. 3 to 6 months if no taker. Is hard to keep track.
And if it is too long in the market, owner able to recover and settle the outstanding with the bank, so no more will be in the lelong market.

Not easy to lelong good property at dirt cheap..owner always can challenge bank and ask for revaluation if price too low ..it happen to some property I like and after few round the price increase 30% after owner challenge for the price

As long as banks follow sop, borrower challenge even to high court would be fruitless. Besides, if borrower has the resources to challenge the bank, it would be better spend to redeem the loan.

To challenge bank you no need a lots of money ..just provide few valuation report to court which not cause much money...after dingdong u always can drag 2-3 years
There is many way to avoid foreclosure ,u just need to know how to play the game..of coz your name will be busuk and hard to borrow money next time

You can value at whatever price but if there is no willing taker, also no point.
That is why if there is no taker, every round bank will drop the reserve price further 10% in order to attract people attention.
The post above got example where property drop down few rounds also fail to get any interested buyer.

Not easy to lelong good property at dirt cheap..owner always can challenge bank and ask for revaluation if price too low ..it happen to some property I like and after few round the price increase 30% after owner challenge for the price

defaulters have no say for the reserve price. banks, auctioneer, successful bidder all win the price legally. how to challenge all these parties.

just pay the installments or the price will fall until got buyer

To challenge bank you no need a lots of money ..just provide few valuation report to court which not cause much money...after dingdong u always can drag 2-3 years
There is many way to avoid foreclosure ,u just need to know how to play the game..of coz your name will be busuk and hard to borrow money next time

To challenge just to buy time...owner always can resell at subsale for better price before auction ..from the first letter from bank to foreclosure u can drag at least 2-3 years

Owner always can play dirty if he know the way

No taker again today. Another 10% drop in price.
Launch from 595k back in year 2012.
And 622k after rebate price in year 2014.

New price as below. Lake view unit:

C3-8-1, Menara C3, Residensi Dream City, Jalan Anggerik, Mines Resort City
Reserve price 🔥🔥RM 466,000🔥🔥
Leasehold
1100sqft (2 bedroom unit)
Auction: 04-May-2019 (Sat)
*Vacant unit

This is depressing. In order for me to breakeven i need to sell mine now at RM700k

Unit sold at reserve price 466k just now.
Single bidder win.
Good catch.  :thumbsup:
This unit no taker. Another 10% price drop.
New price as below:

C3-10-3A, 10th Floor, Tower C3, Dream City Residence
Reserve price 🔥🔥RM 241,200🔥🔥
Leasehold
549sqft
Auction: End of May 19

Yet again no bidder.
New price and details as below:

C3-10-3A, 10th Floor, Tower C3, Dream City Residence
Reserve price 🔥🔥RM 217,800🔥🔥
Leasehold
549sqft, 1 car park slot
Auction: End of Jun 19


Previous Auction(s) for this property
Auction Date  Price
2019-05-29      RM242,000.00
2019-04-29  RM268,000.00
2019-03-27  RM297,000.00
2019-02-27  RM330,000.00

All no bidder previously. 5th rounds now!

Looks like the properties at the fringe of KV are affected the most...