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

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.

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

Property now go back up already. No more sales. You miss out the lowest point Dy.

You never know. It could go on forever

Tokyo is kinda forever

US raising interest rate meh? Ive read the latest news they gonna drop interest rate soon that's why USD recently drop due to price in.

In year 2030, Malaysia will become a ageing nation. Property will likely follow Japan on long down trend.

Another lelong unit available at below 400k.
From the famous aunty Teh. Should be here last few units in the lelong market now.
This unit from Maybank.
Full list can refer here: https://forum.lowyat.net/index.php?showtopi...post&p=92475531

A-03-02, Block Amethyst, Cristal Serin Residence
Reserve price: 🔥🔥RM 385,000🔥🔥
Freehold
1521 sqft
Auction : 22-Aug-2019 (Thu)
*Non bumi lot

Got so chaam or not drop like 50% which property is that pm pls, that place suddenly haunted ah
This cheap man....... previous market iirc is above 500k

This unit sold at 356k.
Details of the buyer as below:



Developer units selling at 680k. 
Renting at 2k monthly.
Lelong won at half price.
Certainly a very good catch. 

Bought at S&P price of 820k back in 2016.
Sold for 745k in the subsale market in 2019.

Yes, it can be done but you will be paying above market price if the previous owner took 90% loan.

Take the property mentioned above, purchased at $820K at 2016 (90% loan = $760K) 3 years of installment barely enough to cover interest + penalty + lawyer letter of demand and still need to calculate number of months of default.

Do u think it's worth it?

It can be done with proper documentations and transfer with the help of a lawyer.

You need your lawyer to send

1) letter of intend to Bank to prevent lelong and undertake the defaulted payment + penalty. (Bank need to agree and approve before going to step 2)
2) Transfer of property thru normal buy/sell with seller selling you the property at the price he owes the bank.  (remaining loan amount)

There may be some complications if the seller last minute backs out of the deal (extra expenses on court proceeding to force sell as per agreement)

You can try to negotiate but I have never heard of Banks giving discount before 

Banks could recover any shortfalls from borrowers.

Borrower is not in position to negotiate with bank.

yes bos. Many unsold unit. Bank put high criteria for rumah selangorku which is for B40.

Crash your head.....still bbbbbb
U not buy now or latest by next year then u will missed another chance .....uuuuuu is coming in 2021