There are not enough houses for the mass population and government is doing the best to meet with the high demand.

When some of these dwellers improve their status they would go look for more luxurious houses.

All are positive.

You are right, i have one affordable condo rm400k and ppl are offering me 550k for it

Can ask where you find lelong units? Wanna buy an affordable unit for self stay

I heard auction property financing by bank is not easy. And that buyer has only a small window to secure finance for it. Any opinion on that?

What condo is this? No people bid til now means it got problem?

https://www.imoney.my/articles/6-biggest-ri...tioned-property

The risk seems to be alot. How do a bidder avoid all this risk?

So how much cash I should prepare to get into auction property to cover all this cost ? 20, 30, 40, 50% of the reserve price?

why is risk higher on leasehold property ? because of the transfer of title ? but the 90/120 days is only for getting the loan correct? not including the transfer of title....

ic, so they need to transfer of title before loan disburse. This would be an issue...

Also i've heard leasehold goes for 6 months n above to get authority consent. If this is the case you actually need to prepare 100% of the loan amount just to be prepared in such cases

so it's pretty pointless to wait for auction property unless got huge amount of cash

HK scenario the banks already went after the borrower when the market value dip below the loan amount, even when the borrower manage to service their installments.

Historical appreciation proves that property is wealth accretive.

Rental growth is expected and sooner or later cash flow will be positive.

Property investment in residential alone is proven to generate enormous wealth. All properties are expected to be highly correlated in their long term returns. Whether funds invest or not is not important. What is important is we make money.

Auctioned props better dun touch. Less buyer thats why can slowly choose and bargain from subsale. High yield and high capital appreciation I also want.

It is not an assumption. Homeowners are richer than renters. It is a fact.

Just look at historical housing price index. It is trending up long term. Don't be affected by noise. Follow the proven way, not the fund manager's recommendation. They are over paid.

Lelong properties are normally by flippers whose banks basically confiscate their property for failing to service their loans.

Banks or financial companies will sell off these assets as 'lelong' units. But that doesn't mean the prices have come down. Some times what is reserve price is just an indicator but actualy sales price can be much higher.

A lower reserve price compared to market value, can be a 'indication' of problems within the unit itself. For example, bad flooring, water damage etc. Especially true for abandoned houses.

From 1.35m to min 799k freehold corner lot and still no buyer? What's wrong with this unit?

This is vacant unit. What kind of risks are we talking about?

Sorry, I'm a noob in auctions houses.