Unit sold at reserve price 427k.
Single bidder won unchallenged.
Very good catch.  :thumbsup:

The defaulter owner losing almost half price.

Unit sold at reserve price 427k.
Single bidder won unchallenged.
Very good catch. 

The defaulter owner losing almost half price.

Another lelong unit drop to below 450 per sqft.
Should be the cheapest ever per sqft reserve price.
This unit drop from 800k (1st auction price). Now at 6th round re-auction.

T2-19-01, Arte + @ Jalan Ampang
Reserve price 🔥🔥RM 472,392🔥🔥
Leasehold until 2113
1121 sqft with private lift lobby area
Corner/End lot unit
Auction: 09-Jan-20 (Thu)

Bubble is bursting, lelong market is heating up. Good luck guys

Ya property market from bad to worst. It's so worrying.

Not popular maybe because it’s bumi lot?

Property would not burst, with increase population! Enough said!

Lelong property have no cap, all 'bumi lot' will be convert to International Lot, once go through High Court Lelong!

Malaysia land is pretty limited, much more most satellite cities, biggest mall & jobs opportunity are concentrate in Klang Valley, Penang, Johor which attracted whole malaysia to stay, work & enjoy here, thus these places, price would certainly grow-high and not possible to drop, with tremendous amount of new-migrants every year!
How many, would want to stay, work & enjoy in Kelantan or Terrengganu?

So many replies...you lonely and talking to yourself brah?

Malaysia land is pretty limited, much more most satellite cities, biggest mall & jobs opportunity are concentrate in Klang Valley, Penang, Johor which attracted whole malaysia to stay, work & enjoy here, thus these places, price would certainly grow-high and not possible to drop, with tremendous amount of new-migrants every year!

How many, would want to stay, work & enjoy in Kelantan or Terrengganu?

So many replies...you lonely and talking to yourself brah?

then explain the increasing number of unsold units?
and where's your stats of population increase especially in urban areas

I duno wat happen but... Ya, lelong... Trend now
            Four Seasons Place @ KLCC

- 29-8.    RM 4.40 mil.        1571sf
- 26-5.    RM 4.93 mil          1700sf
- 25-8.    RM 3.70 mil.        1345sf
- 33-8.    RM 4.445 mil.      1571sf
- 25-9.    RM 3.70 mil.        1345sf
- 25-7.    RM 3.85 mil.        1399sf

高高级公寓也逃不过lelong魔掌..

Some active forumer always say high end property rental and appreciation doesn't matter since it's just a tiny dot in their collection.

Cheapest ever lelong unit reserve price.
At 375 per sqft only.

T2-19-01, Arte + @ Jalan Ampang
Reserve price 🔥🔥RM 420,000🔥🔥
Leasehold until 2113
1121 sqft with private lift lobby area
Corner/End lot unit
Auction: 09-Jan-20 (Thu)



Bank value at 1M for the same size unit. Just 5 level above.
Refer:

S&P Launching price in 2014.
Price you can get in lelong market today. The top unit is already 200k below market value. Bottom unit is first auction, will need to drop many times in price before someone will bid for it.

Non bumi lelong unit check in at below 300k.
Biggest size unit here.

O-13A-21, Block O, D' Aman Residence
Reserve price 🔥🔥RM 284,310🔥🔥
Leasehold until 2114
1085 sqft (type A2, corner unit)
Auction: 21-Dec-2019 (Sat)
*Non bumi lot

Not feeling that rich?
If it feels like the super-rich are an exclusive club in Malaysia, that’s because these 46,702 UHNW and HNW individuals collectively only amount to 0.2 per cent (not even the proverbial 1 per cent) of the 21.372 million adults in Malaysia.

The remaining 99.8 per cent Malaysian adults have a wealth that either touches or falls below US$1 million (RM4.16 million), with the bulk or 60.6 per cent with wealth below US$10,000,
while 36.2 per cent have wealth of US$10,000-US$100,000, and
three per cent at the higher wealth range of US$100,000-US$1 million.

https://www.malaymail.com/news/malaysia/201...althier/1685061

and also

ONLY 0.2% of adult Malaysians were categorised in the over US$1 million (RM4.18 million) wealth bracket despite total wealth in Malaysia growing 14% year-on-year (YoY) to US$682 billion, according to Credit Suisse Group AG’s latest global wealth report.
The 2019 report found that 0.2% or 43,646 adults living in Malaysia were placed in the over US$1 million wealth band, while the majo-rity of the adult population (96.1% or 20.97 million people) were categorised as having wealth at or below US$100,000.
This comprised 42.7% of adult Malaysians with wealth between US$10,000 and US$100,000, and 53.4% with wealth under US$10,000.


https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

Malaysia land is pretty limited, much more most satellite cities, biggest mall & jobs opportunity are concentrate in Klang Valley, Penang, Johor which attracted whole malaysia to stay, work & enjoy here, thus these places, price would certainly grow-high and not possible to drop, with tremendous amount of new-migrants every year!

How many, would want to stay, work & enjoy in Kelantan or Terrengganu?

V20 liao...bubble sudah bust? #askinggenuinely