Now only know the reason why no value this place. Is coz of the developer.
You cannot buy sell right now. Subsale and even in the lelong market.
Very lousy developer.

Is still under master title. Developer fail to issue out strata title. But yet they refuse to do any name transfer at the moment. Ask to wait. Maybe 1 year. Maybe more.
So now it is impossible to have any transaction.

After developer issued strata title only can buy sell.
And you need to complete your MOT first. Double transfer process.

Good luck to current owner of this place.

(Seremban, 28th) The rented house was turned into a Bitcoin mining farm , and the owner was fined by the TNB.

The unlucky victim, Ms. Huang, not only has the upper floor of the house turned into a bitcoin mining farm by lawbreakers, and faced serious losses, but was also issued fine by the TNB  due to the tenant’s behavior of modifying the meter to steal electricity for mining. A fine of RM600,000.

Repeated appeal, fine reduced to 129,000
She said that after repeated appeal, TNB finally reduced the fine to RM129,000 and stipulated that she must pay it back within 24 months, starting from May 2023.

"The fine of 600,000 ringgits is higher than my house price. Now it has been reduced to 129,000 ringgits and needs to be paid within 24 months. This is too difficult for me. Where can I find money?"

When asked about the reason for the fine, she admitted that it was because she did not transfer the TNB account registered with the house to the tenant's name when she rented out the house.

A moment of negligence caused her to lose her wife and lose her army. Ms. Huang bluntly said that she was under a lot of pressure, and she was frequently rejected when seeking help from a lawyer because the case had no chance of winning.

Tenants modify meters to steal electricity
Ms. Huang said that she rented the house in Taman Saujana Tropika, Seremban New Town to a Chinese man through a housing agency in 2021. The Tenancy Agreement signed by both parties is valid for one year, starting from August 2021 Until August 2022.

However, in July last year, she received a notice from TNB, stating that the electricity bill for the house she rented out was owed for one month and had not been repaid.

"I was thinking at the time that maybe the tenant didn't want to renew the lease, so I didn't pay the electricity bill, so I asked the agent to go and have a look. At that time, the house looked like no one lived in it, but after a closer look, I found that there were people inside. .”

She said that before and after she went there, she tried to contact the tenant, but the other party was always unable to be contacted. Finally, she called the police and asked to break into the house, only to find that the house she rented out had turned into a bitcoin mining farm.

"The original structure upstairs has been severely damaged, and they should have soundproofed it to prevent people from finding out."

Afterwards, she also contacted Tenaga, and after inspection by the other party, it was found that the tenant had modified the meter to steal electricity, so the electricity bill was only in the hundreds of ringgits.

To her surprise, TNB issued a fine in March this year, with a fine amounting to RM600,000, which was only reduced to RM129,000 after repeated pleadings, which left her at a loss as to what to do.

Tenant claims contract with unwitnessed lawyer
When Ms. Huang was interviewed, she bluntly said that she had never met the tenant concerned, and the entire leasing process was handled by an intermediary.

"The intermediary is my friend. I believe it was the tenant who came to her and asked to rent the house. The Chinese male tenant concerned said that he would rent it to his parents."

She said that in retrospect, there are indeed many suspicious things. Among them, the man in question claimed to be infected with corona virus when signing the lease contract, so the contract he signed was signed without witnesses and lawyers.

"The contract is stamped and stamp duty paid later, and all these procedures are handled by the relevant real estate agent."

She pointed out that because when the police called the police, the photos and videos of the house turned into a bitcoin mining farm were handed over to the police, so the relevant photos cannot be provided at present.

Due to work reasons, it is inconvenient for her to disclose her identity, but she hopes to warn everyone to carefully screen tenants through her story and experience, and hopes that this sharing will get attention and help.
https://www.sinchew.com.my/20230428/%E5%87%...%A860%E4%B8%87/

yes it is. in 2019 i bought a unit at RM330k... now it's priced at RM280k only.
2nd Jan 2023 i bought another unit at around 670k transacted lower prior to 2019 at around 850k - 900k.

that's the thing right in any kind of investment at least for me property is part of my investment portfolio there will be win/lose. no point if it's all talk and you do not know how to value the prospective appreciation value for any form of investment. I've been collecting dividend from REITS/blue-chip stocks since 2017 boom 1 pandemic it was flat across 30% lost. So what's yr point of view?

when times are good you don't buy when times are BAD you shouldn't be investing in one at all. if the property market fall we are talking about you and others will be losing job. KLSE index will be way lower than to be hovering around 1500 points. so when property market drop so? will you buy? Such thread will just continue on and i'll be here saying the same thing again in 2030, 2040 till the day i have multiple fully paid property milking from renters.

MCO time was the cheapest in the modern time. Bought the transaction record and can see a differences between RM100K-200K price different for RM1M-2M properties range.

2015 was gst year. i sold my props before gst. buyer afraid price will shoot up. ... the true fact, 8 years after, price dropped a bit n remained stagnant.

I think should be different depending on location and value. For example in my housing area, buy price is 513k (s&p price 565k) and after vp, the selling price is around ~550k(7% increase) and bank lelong starting from 480k. This is klang valley outskirt area but very nearby putrajaya cyberjaya. Location and demand should impact a lot I think

Very subjective on the demand & supply.

If the area a lot ppl buying for own stays, not investment - very likely the buyer is able to dispose it off with the mark up to cover the previous purchase expenses, roughly 5 ~ 7%.

If the area a lot ppl buying for investment, not own stays - very likely it will drops because there are just too many sellers. The competition is going to be tough. To make the matter worst, if the units are purchased with the marked up scheme collaborated with developer & banker, just be ready to see the price reaches the real valuation without the cosmetic mark up valuation ( easily -15~20% of S&P Price ) when everyone wanted to sell.

Just pray that the area you bought, majority are for own stay & not investment.

RPGT only availble if you sell higher than buy price. But nowday hardly sell in good price unless demand very high in your area.

after deduct the bank interest, agent fees (2%-3%) and some other fees, you may still suffer lose

Most of the Malaysians who have been declared bankrupt are within the age group of 35-44 years old (35.24%) while 25-34 year olds come second (22.52%).

The majority of bankruptcy cases in Malaysia are caused by vehicle purchase loans, resulting from their outstanding car loans. 

Another lelong unit sold today.
829sqft for just 382,637.70

Single bidder won unchallenged.
Already drop until the 8th round. Yet only 1 bidder interested.

Good catch.

Another lelong unit sold today.
1432sqft unit.
From 507,821.40. 6th round auction.
Sold at 530K.

Good catch?

Lelong unit sold today.
Size 1485sqft.
From 492K.

Sold at 535K.

Good catch?

Another lelong unit sold today.
859sqft duplex unit.

Sold at reserve price 510,300. Single bidder won unchallenged.

Good catch?

Another lelong unit sold today.
Super huge size of 2572sqft.

Reserve price only 398,581.20.
Single bidder won unchallenged.
Wow.
What a great catch here.

Karma bro, all those t20 use their money to steal homes from m40 and cause price to go up and then become land owner and force a scenario of slavery. House , air, water, electricity, food are not tools for profit. It’s a Hak manusia

Karma bro, all those t20 use their money to steal homes from m40 and cause price to go up and then become land owner and force a scenario of slavery. House , air, water, electricity, food are not tools for profit. It’s a Hak manusia

Karma bro, all those t20 use their money to steal homes from m40 and cause price to go up and then become land owner and force a scenario of slavery. House , air, water, electricity, food are not tools for profit. It’s a Hak manusia