Believe your favourite bankers have shared with you how splendorous is next year.

Wow so cheap.

bbb team kh. Malugibbs. Kuichin. Etc etc  How much profit u make on your "property price is always up " one?

Few could pass centrifugal test to become astronaut. Similarly, there are only about 3% of adults in this country have over us$100k net worth.

For those uuu/BBB wish to buy at below launch price 8 years ago.

30% discount from launch price is good

M City
The Elements
3 Tower

Plenty of choices now in the lelong market.
Studio, penthouse, duplex unit all got.
And all at below early bird launch price.

Property price is not known to be correlated with oil price.

Until overhang is reduced substantially, price is unlikely to rise.

On a serious note, i 100% recommend you to grab a lelong unit at Savanna Executive Suites. Some say is at KL South. Some say Bangi. But actual address is at Dengkil.

Proper 3 bedroom size unit. Some unit with balcony. Some without. There is even a lelong unit with private terrace. Size of the private terrace is bigger than the internal unit size.

I believe price will reach bottom at 250k.
If hit 200k then property market really crash. Bubble burst as per this thread title.
Coz ppl saying the cost to build a unit there + land cost is definitely above 200k. And now lelong unit force to transact at below constructing the unit price. Doesnt make sense.

Depend on area.
For a 1000 sqft condo, 500k in KL or prime area is good price.
For a 1000 sqft condo, 500k in Shah Alam for example is just so so price.
For a 1000 sqft condo, 500k in Dengkil example Savanna Southville is overpriced.

He is  Check his postings/threads. Nothing wrong with that, everyone got to eat

Residential constitutes at most 25% of bank loan portfolio. Of which, less than 1/2 are property vped in last 10 years. Even 1/3 of these in default will not cause bank to go under. However, banks will be reluctant to take in more residential loan until situation improve.

Buy when blood is knee deep on the floor.

BBW is specialized in foreclosure, good business for him.

The Elements @ Jalan Ampang, KL address. 5km to KLCC.
Launching price back in 2012, refer sales chart below:



Now you can get lelong unit at below 700k.
Not 1 unit. But 3 units available. All around same pricing.
S&P price from 1.2M++. Almost 50% off you can get today.
KLCC facing unit (same floor unit) more expensive by 93k!!! Now ended up block without any view. 

B-41-13, The Elements @ Ampang
Reserve price 🔥RM 669,222 🔥
Freehold
1572sqft, Corner unit
Facing towards KLCC
Auction: 27 May 2019 (Monday)
*Foreign owner (Japan)

B-11-1, 11th Floor, Block B, The Elements@ Ampang, Jalan Bemban, Off Jalan Ampang
Reserve price 🔥RM 631,800 🔥
Freehold
1572sqft, Corner unit
Facing towards KLCC
2 car park (but tandem arrangement)
Auction: 24 Jun 2019 (Monday)
*Foreign owner (China)

A-29-15, 29th Floor, Block A, The Elements@ Ampang, Jalan Bemban
Reserve price 🔥RM 648,000 🔥
Freehold
1572sqft, Corner unit
Facing ampang (unblock view)
2 car park (but tandem arrangement)
Auction: 24 Jun 2019 (Monday)
*Foreign owner (China, not the same owner as above unit)

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.

As long as banks follow sop, borrower challenge even to high court would be fruitless. Besides, if borrower has the resources to challenge the bank, it would be better spend to redeem the loan.

You can value at whatever price but if there is no willing taker, also no point.
That is why if there is no taker, every round bank will drop the reserve price further 10% in order to attract people attention.
The post above got example where property drop down few rounds also fail to get any interested buyer.

defaulters have no say for the reserve price. banks, auctioneer, successful bidder all win the price legally. how to challenge all these parties.

just pay the installments or the price will fall until got buyer