yes can. after you settle everything transfer properly under your name, is already like a normal subsale property.
you can flip, refinance, etc just like a normal subsale property.

Vision Residence
Located at puchong south near cyberjaya.

Still got few units in the lelong market. Just need to patiently wait for the unit to drop below 400k.



This post has been edited by AskarPerang: Apr 28 2018, 01:13 AM

Full time doctor.
Lelong agent part time.

Few choices. Not really know which is real cheap price. Better do your own research first. Good luck.


1.
The cheapest lelong unit available so far here. Hot unit.

A-13-8, Block A, Green Residence, Jalan Sayang 1, Taman Rasa Sayang, 43200 Cheras
1127sqft (Type C)
Reserve price 🔥🔥RM 460,000🔥🔥
Freehold
Auction date: 19 May 18



Lelong history of green residence:
- 1127sqft sold at 512k
- 1438sqft sold at 583.2k
- 1438sqft sold at 615k
- 1492sqft sold at 583.3k

2.
No taker again. Updated price as below:

C-11-12, Ameera Residence
Reserve price 🔥🔥RM 335,340🔥🔥
1250 sqft
Auction: May 2018




3.
What a surprise. No taker again. Updated price as below:

C-19-01, Residensi Vyne, Jalan 1/108D, Sungai Besi
Reserve price 🔥🔥RM 568,620🔥🔥
Leasehold till 2112, Non bumi lot
1266 sqft (end lot unit), Type C
2 Car Park slots
Auction date: May 18

Now it is less than 450 psf.



4.
Nope. Unit no taker until now. Possible will need to drop one more round, below 600k before got any taker.
800k - nil bidder
720k - nil bidder
648k - current reserve price

Updated price as below:

B-33-01, Level 33, Block B, Damansara Foresta, Persiaran Meranti, Bandar Sri Damansara
Reserve price 🔥🔥RM 648,000🔥🔥
Freehold
1395 sqft
Auction date: May 18


Lelong sold history:
- 1425sqft sold at 610k
- 1465sqft sold at 625k


5.
Only completed within 6 months. Should be the first lelong unit.

B-01-06, Ceria Condominium, Persiaran Sepang Cyber 10, 63000 Cyberjaya
Reserve price 🔥🔥RM 513,000🔥🔥
Freehold
1195sqft (dual key unit)
Auction: 19 May 18




6.
400psf in 2014, 350psf in lelong year 2018. possible no taker also.

A-13-2A, Block A, Andana Condominium, Jalan D' Alpinia Utama, Taman D' Alpinia, 47120 Puchong
Reserve price 🔥🔥RM 540,000🔥🔥
Leasehold
1572sqft (type 2)
Auction: 19 May 18



7.
Lelong unit.

B-05-11, 5th Floor, Block B, Residensi Riverville, No 6, Jalan Taman Sri Sentosa
Reserve price 🔥🔥RM 711,000🔥🔥
Leasehold
1400sqft
Auction: 19 May 18

i am not agent. But some agent whatsapp me the price, dunno true or not:

Dear my value customer,
Just want to inform you that Mcity jalan ampang (KLCC) have SPECIAL REBATE that you dont wanna miss !!! Below is the list of unit available.
*42% REBATE !!!
*READY TO MOVE IN !!!! *FREEHOLD

*1+1 bedroom Duplex(1041sqft)
Selling price : RM 1,332,800
After rebate : RM 767,224 ONLY !!!!

*2bedroom (887sqft)
Selling price : RM 1,357,800
After rebate : RM 787,524 ONLY!!

*2bedroom (977sqft)
Selling price : RM 1,294,800
After rebate : RM 750,984 ONLY!!!!

*1bedroom Duplex
Selling price : RM 1,306,800
After rebate : RM 757,944 ONLY!!!!

•Booking RM 10,000
•FREE Legal fees for SPA & Bank Loan
•FREE Stamp Duty
•FREE Loan Agreement
•FREE up to 3 carpark !!

*booked now and enjoy the special rebate until end of june 🤗

*REPLY this whatsapp for appointment. Weekend and weekdays 😘

MH Platinum Residence like completed few years ago already.
Developer seems like not able to hold anymore.

Future will be much much worse.
VS KL Trader Square
VS RUMAHWIP Hektar
VS RUMAHWIP Inspiria
VS up coming Kenwingston Platz

Just want to wish good luck along to Jalan Gombak.

They priced their prop at luxury standard but end product is not worth the "premium" price you pay.
Many of Mah Sing projects end up in lelong house now.

M City
M Suites
Garden Plaza
M Residence 2
Icon City

I expect coming soon give it another 6 months more you will see lelong units coming from:

Southville
Lakeville
DSara Sentral

Well now is new era or evolution.
You can get newly completed units fall straight into auction.
Owner also didnt check or did anything to the unit yet.
Brand new as per developer condition.
I would say is minimal risk.
Price even can get lower than early bird launching price 4-5 years ago the price the original bought it.

Plenty of example. Just need to know area and your budget. I can list you example. Landed? High rise?

Outstanding mostly covered by the auction bank up to the auction date. Depends on bank. Only utility bills not covered.

also got 800sqft rumahwip in KL, walkable to LRT/MRT that cost 198k
ukur baju di badan sendiri.

This post has been edited by AskarPerang: Jun 10 2018, 06:25 PM

Landed freehold maybe need to search harder.
But landed leasehold and newly completed plenty in the lelong market today. All drop to below launching price. Take note we are talking about new property, brand new, nobody stay before.

Few example:
1. Bandar Tasik Puteri. Garden Heights and Acacia Park by lowyat group. opening of LATAR exit didnt boost the property price here.
2. M Residence 2. 2 storey semi D got. 2 storey terrace also got.
3. Saujana Rawang. Got many phases here. So need to check which is newer phases.

What happen to this newly completed project.
Becoming lelong house now. 7 units together all at once lelong.

wild_card_my http://www.lelongtips.com.my/

But we are now talking about newly completed property head straight into lelong. Price drop few times until below the early bird launch price 4-5 years ago. After deducting all rebates given by developer, lelong price still significantly cheaper.

Low reserve price is due to no interest. Nobody wants to bid. Will drop 10% in prices each round.

If you scroll back this thread, you will find a property in Puchong-Cyberjaya sold at 60% off after 10 rounds of price drop. A brand new property just completed market value 1M sold at 400k in lelong.

I guess this is the current trend. Buying new units off from the lelong market. Minimal risk. Good for cash rich investors.

If can recover the outstanding. I doubt that Vision Residence unit S&P price over 1M but sold at 400k in lelong, bank will recover anything out of that.

Continue and chase the default owner? No idea what other action can the bank takes to get back the money.

Opening of this unit with plenty of free gifts.
Good catch.

A quick search in lelong for newly completed unit that head straight into auction market.
Can see that majority owner got burnt from newly completed property gang is from the late 80s.

Here few example:


Silk Sky, owner born year 1984:
https://www.ngchanmau.com/pos/4188/pos_en?v=1529650908



Lakepark Residence, owner born year 1986:
https://www.ngchanmau.com/pos/4095/pos_en?v=1529651050



BTP 5, Acacia Park, owner born year 1989 & 1991:
https://www.ngchanmau.com/pos/4014/pos_en?v=1529651084



M Residence 2, owner born year 1986 & 1989:
https://www.ngchanmau.com/pos/3939/pos_en?v=1529650797

Got a unit sold in lelong for 554k after the reserve price hit below 500k. 1200sqft only: https://forum.lowyat.net/index.php?showtopi...post&p=87453949

But unfortunately the stated reserve price wrongly. Is 630k. So need to wait at least 1 more round since is also bumi lot.

This post has been edited by AskarPerang: Jun 26 2018, 06:42 PM

Yeah current reserve price at 630k. Not 567k as stated above.

Can check at ng chan mau website.
They are the auctioneer for that unit.

So need to wait at least for another round then only worth entering.