Yeah, landed definitely won’t drop as much as high rise.

As per above example for SK, clearly shows non landed price drops faster than landed.

The reason for this is simple, although younger generation prefers condo, the ones with buying power are those middle aged people in their 30s to 40s. Usually people in this age group prefers landed properties due to their family size, plus at that age they know they would hardly use the condos facilities as well.

On top of that, these people are looking for a house to settle down and call home for good at that age. Landed props gives you more flexibility in terms of customising the house to your liking. More renovation options and you can customise the exterior of the house as well which in most condos are subject to all kinds of restrictions.

Youngsters mostly can afford those below 500k props, especially the below 300k ones. That’s why if you observe the low-medium cost apartments prices, there’s been only a slight drop from prices 1-2 years ago.

You target PJ landed gonna be hard leh. Didn’t drop much.

Bank value at 410k and 550k but question is, if sell at that price got ppl buy or not? Now is not the best time to sell, since got tenants better just keep renting it out until the market recovers.

Plus eco sanctuary is completely overpriced for something which is in teluk panglima garang. For the same money you can get semi d even bungalow in KV. Why buy eco sanctuary? Trust me if he really like eco sanctuary then better just wait few years for the price to drop. I foresee another bukit beruntung in the making there. Within the next 5 years you probably can get the props there for half the price.

Some locations already *cough* cyberjaya *cough* Let’s see 1-2 year how many more areas impacted. Majority of area already drop by 20-30% from 2 years ago price also.

Cimb auction mart is one of them , you can also google auction “bank name”.

Or you can even search at propertyguru or other property websites with keyword auction.

Can loan but you need 10% bank draft ready to register auction itself. Bring some extra cash or extra bank draft to top up if the bidding goes high. You need to pay 10% purchase price on the auction day itself.

Loan usually you get 90 or 120 days to come up with the balance amount so if you’re taking loan you need to do things fast, next working day submit loan application and chase chase chase the bank officer.

After loan approved, you also need to clear a lot of other things before the bank can disburse the loan. So you need extra cash to pay any outstanding maintenance, land office dues etc. All this can be claimed back from the bank by submitting the receipts to your lawyer, but you need to fork out the cash first.

Banks won’t send people to inflate the auction houses, they want to clear the houses ASAP right now. Previously maybe got some prop agents try to do that but not anymore. They can’t afford to swallow the unit if no one outbids them.

3 scenarios:

sell above the bank loan balance, extra profit goes to previous owner

Sell right at bank loan balance - bank take all

Sell below bank loan balance - bank will chase previous owner for the balance amount.

Cannot sell at all then they keep dropping the price until someone takes the unit, usually reauction after 2 weeks to a months time nowadays.

Apa lagi, report those farkers la. Supposed cannot rent right those units.

Btw, you got a site where you post all those auction units below launching price. Damn busy lately no time to check, looking for a small unit for rental below 300k. Studio also can.

How much lower until the bottom bro? It’s end 2018 already, max one or 2 years more downtrend. Historically always been a 5 year (more or less) downtrend.

Agreed, kena this last year bought non bumi leasehold apartment in 2011 but since I’m bumi when I sell to this Singh guy the whole approval process took almost a year (first time rejected then reappeal then get).

In summary if you bumi, better dun buy leasehold non bumi lot if your intention is to sell to non bumi down the road.

When bought still under master but even if individual strata title if bumi buy leasehold non bumi lot then when selling time still need to apply for approval/consent. Apparently as long as the new owner is bumi for leasehold props it auto considers as bumi for selangor la. That’s what the guy at the land office told me.

Ekceli bumi dominant area more problem, harder to get the approval than non bumi area. Damn hard to justify why can’t get bumi buyer.

Sell to bumi, the issue is always...bad credit rating. I had 3 bumi buyers before I sold my unit to the Singh fella which was at U5 Shah Alam area, 2 of the bumi buyers salary around 5k also cannot get 150k loan approved. One owe CC too much, the other had bad record always delay 2-3 months then pay car loan 🤦‍♂️

This one is from certain bank which I ask my friend to help with the loan application since the one they applied to other banks were rejected. Then I ask my friend tolong but he also can’t due to the reasons mentioned earlier.

Yeah I know it’s not exactly legal.

Check the terms of the auction too, quite often any dues up to date of auction can be claimed back from the bank. Just need to pay upfront first. A lot of banks also give 120 days to settle the auction balance nowadays.

It’s Calendar days.

I’d say yes as long as you willing to invest the time to get things sorted within the 90 or 120 days period.


AFAIK you must use a lawyer, you just gotta keep bugging them to do it fast. You can get involved in the transfer process to speed things up tho like chasing for any approvals and stuff from land office etc.

You won’t get s straight answer

And when exactly is that? Your answer like no answer. What is the bottom? 30% below current market price, 50%, 70%?

Make a call man!

Yup at least before it used to be a goldmine for pretty Kazakh uni girls who study at LKW but nowadays getting lesser and lesser edi the numbers and the quality also not like the girls before. Hahaha

Before 2010 you would’ve been correct but 2011 to 2015 a lot of sohais got duped by so called property gurus into stretching out their finances to buy multiple props under the assumption that rental can cover the monthly installments. That’s why got so many lelong nowadays.

There’s been some good deals from time to time, I just got one late last year from auction and stocking up funds for another one hopefully by late this year or next year. Haha

Well if it’s a really good deal it’s worth the extra time spent. The procedure is not really that complex tho just need to rush la coz you got 120 days to get the approvals and loans disbursed.

The proclamation of sale got mention that any outstanding amount can claim back from the bank or not? If got then should be ok. Most units you can claim back outstanding amount from the bank.