Property high rise harga lebih 1 juta masih teruk terkesan dengan ekonomi sekarang.ada lelong 800k,market value 1.3juta still xde orang amik.
Tunggu turun 700k nanti baru ade orang amik.jauh lagi rendah dari harge developer dulu

The Elements, Jalan Ampang

north kiara @ segambut.
project name?

yes lelong cannot mark up. can loan up to the winning bid price only.
for info, that unit sold at reserve price single bidder last week.

Translated version:

http://www.988.com.my/market/73611-2/



House price increase 5.3% if compare to last year which increase less than 1%

Market not good, now even good reputation developer starts to owe money to the property agent company


Rm500k below house still got little demand but rm500k house sales not moving, bungalow even worse, no sales record made since early of year till now.


Property market gets stagnant till the developers find the property agency to help and sell off the houses

Those houses project comes with GRR also being called off

Lots of developers give better offers to attract buyers to buy house when the houses are about to ready, this wont happen normally


As agent, before this we focus on subsale, now many cant pay for downpayment, so they would opt for new project


Buy new house can save lots of money


Many companies go bankrupt, some houses just get key also kena lelong


The DIBS project buyers normally are investors, not buying for own stay, may cause resale


Now developers and house owners berebut the market so the house couldnt sell off


I just done one sale, buyer bought the house at 480k and now tahan sakit sell off at rm380k. Rental also not so good market. Price drop from rm1900 to rm1300, now got lots of empty houses couldnt rent out

Before this market is very good, so the house owner berlagak


Now things change, bank needs to evaluate the house higher value then only ppl will buy


Now is the time for buyers take granted


The worst time hasnt come, later developers because want to survive, will give up even better offer to attract more buyers. The earlier buyers would pay hugher


After two to three years when the projects are ready, the resale of houses will get even worse


Rate of empty house is high
House owners are trapped in the war of fighting the price


Sales of property drop but property rental remains the same, just tat the rental price drops a lot esp in big city like KLCC, at its peak, 10k per month and now drop to rm6k, while some studios tat could rent at rm2k-3k now drop to less than rm2k. However rental price in outskirts area like cheras, sungai long drops lesser.


some investors don’t consider properly and thoroughly while buying the houses, they tot when the houses are ready then can rent out, and get 6% of profit, who knows the 6% of profits is not fixed profit as the houses are not guaranteed will get rent out


Try to thk and see, when a project is ready, there are thousand units, if 70% of it are investors, which mean there are 700 units waiting to rent out or for sales, this is really scary. This will lead to the war of fighting price, at tat point will see who has the holding power


He advises investors to calculate carefully before investing, or else it is very hard to earn money. Let say, u buy a unit at rm200k then do bank loan for 30years, every month pay for rm1000. First 5years installment, out of 85% are paying for the interest, not much pay for the principle, 6th year sell off at rm250k, u tot u earn rm50k? Deduct with the installment, legal fee, this fre thst fee, not every month got rental, house owners not earn but loss, the one earning is the bank, they earn for berapa puluh ribu

Many units kena lelong and it is very serious. I cant enclose the name but it is 100% fact. Developers sell at lowest peice, at ampang area, near a big east shopping mall, studio price is rm500k but not subsale price drops to rm400k. It was ready two years ago but the owners cant rent out so have to pay the interest, so they try to sell off hardly, whole project got 1600 units


Many lelong units now, price drops till rm400k also cant sell off. Not only ampang area but other area also same like bukit jalil


However some areas have good syarat just like blue chip share, everyone like it, even tho market not so good but the house price and rental price remain stable


Mont kiara doesn’t get affected by the poor market. This area got three popular international school, it is liked and prefered by local and foreigners, thu mont kiara rental is stable, unlike other area fluctuate largely

Many ppl tot that out of 10 units in mont kiara, 7 units are investors buy to rent but in fact it is not, 70% owner buy for own stay (mainly malaysia) while 30% for rent.

Mont kiara advantage is every project got its special, package is different, area size varies and age of property differs.


If u want to find studio, u have a wide range of choices from new house, area and design in which u cant get it in other area


Like KLCC, name is good but rental is so so only, all units not much different, look the same, many are small units. Dont assume that mont kiara is very expensive, u can still find rm400k units here, just that the building age is 20years.


Need to wait at least 10years for MRT to bring up the house price


Area near MRT are nearly sold out


Even tho property around MRT (pam) are very expensive, but keep money in bank will not increase its value. In other way, loss temporarily is okay, even if the price of pam cant rise shortly, but at least it can keep and remain the value, it is a not bad investment if you can rent out. In fact, pam is easier to rent out


He analyses, if pay bank rm2k, the rental is rm1.5k, if kena bayar extra rm500 is ok as money keep in bank lagi tidak bernilai. Thus, even pam is expensive but ppl still buy, if can rent out, it is an insurance for investors, as even poor market but pam still got demand.


However, another evaluator got different view because she thk tat developers ald calculate the benefits of pam in it, which mean buyers buy the house now at the future price


From investing angle, buy the house now at future price, the room of increments is slow. But if use the house at current price, it will follow market to increase


In fact, many units around mrt1 not only no incrase but drop


She thks mrt would definitely affect the house price but not in short term. Malaysia transportation system grows slowly, even now lrt and mrt are ready but the network and link are not complete and convenient yet, it just benefits the residents along the link

If want to wait till the system is complete and convenient, need to wait at least 10 years.


Take overseas as an example, to make the system complete and convenient, it takes around 20-30years at least. So if financial support tergendala,it would definitely affect to have a complete transportation network


She said lrt3 construction ald over the budget, to complete the project is a question


It is a negative cycle, if the transportation system is not complete, residents would not use it, adding up the maintenance fee which is not low, it would be burden for the gov


Now the market ald is ald at its lowest point, it needs two to three years to rebound. Expected 2018 economy will gets better because of the investment of China-TPPA etc

If TPPA is running as planned, malaysia vietnam and thailand will be the countries which get the most benefits bcz our labour cost is low and malaysia can speak English. But donald trump cancel the TPPA, so it hurts malaysia a lot

Foreign investment in malaysia will bring up the economy if depends on malaysia alone, the recovery would be slow

Super cheap catch. Anyway this is lelong property.

Found another property falling to auction #7. At that pricing also not sure got ppl willing to buy or not.
No taker again. Almost 50% drop in price now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 29-Jan-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000 - current reserve price.

This should be lelong record now.
7 units available straight. Crazy. Worse performing project!!!

1. 2-26-09, 1653sqft, 1.02M
2. 3-27-16, 977sqft, 945k
3. 2-21-27, 981sqft, 810k
4. 2-7-8, 912sqft, 780k
5. 2-13A-2, 532sqft, 580k
6. 2-11-11, 674sqft, 488k
7. 3-18-08, 533sqft, 405k


Guess where?

M City, Jalan Ampang

Bank valuation at RM1000 psf.

so far cannot find any transacted lelong unit over on brickz.
meaning lelong property is not counted maybe?

Selected recommended auction units (Price drop from 1st auction until current reserve price):



How low can it drop? beyond 50%?

Mirage By The Lake@ Cyberjaya

1009sf 2rooms 2bathrooms, Freehold
Market Value RM600K.
Reserve Price RM393K
Date: February 2018

Depends on bank. But now most banks doing it monthly. Some banks doing in 2 weeks once. Drop in prices very fast.

Reason is maybe got few other similar size unit of the same project queueing up. Need to dispose. Good example is M City, The Elements, MBTL, Central Residence, Scenaria, M Residence 2.

mont kiara???
or you mean cyberjaya?

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480,000 --> current reserve price

Anyone taking?

Selected auction units for those interested in investing in cyberjaya.

1. Can find new studio unit below 200k? Here you can!!
HT-21-09, Harvard Tower, Garden Plaza, Persiaran Harmoni, Cyber 3, 63000 Cyberjaya

Reserve price 🔥🔥RM 196,830🔥🔥 non bumi lot
freehold 450sqft (3 rooms student suite, fully furnish by the developer)
Auction: 22/2/18 1 carpark



2. Lelong!!! B4-7-3 Mirage By the Lake, Cyberjaya
Reserve price 🔥🔥RM 393,660🔥🔥
1009sqft Non bumi 2 carparks Freehold
Auction: 22/2/18




3. ST1-36-14, Menara Solstice 1
Reserve price 🔥🔥RM 251,100🔥🔥
450sqft
Auction: 26/2/18




4. Launching price 460k in 2013. Auction price today:

Verdi Residene@ Symphony Hills, Cyberjaya

700sf 1rooms 1baths, Freehold, BUMILOT
Reserve Price RM255K
Auction Date: 22 Feb 2018




5. Finally we have the first unit here to drop below 300k.

Mutiara Ville, Cyberjaya

Reserve price 🔥🔥RM 297k🔥🔥
Freehold 1000sqft
Auction: Feb 18




6. Actual location is not at Cyberjaya but just posting in case anyone interested.

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18





Good luck.

https://www.thestar.com.my/business/busines...auction-market/




New units entering auction market

OF late, brand new never-lived in properties have been entering the auction market. Some of these units are foreign-owned while the majority of them are local buyers, a source from an auction house says.

Owners are not bothered to take possession of these units while some took possession for a short while only to forgo their investments.

Two banks confirmed there are such units entering the auction market.

Most of these units were purchased four to five years ago under developers interest bearing schemes with low downpayment. Under the scheme, mortgage payments only kick in when the property is completed.

“They wanted to flip the units but because of the weak property market, they were unable to sell them,” the source from an auction house says.

This “trend” of never-lived in units coming under the hammer is something that is relatively new which started two to three years ago, the source says.

It started as something innocuous initially. Today, the source is seeing more such units entering the auction market.

“Maybe 5% to 10% of our listings comprise these new units,” the source says, adding that more are expected to enter the auction market.

A bank employee who heads the auction division says his department are seeing more brand new units entering the auction market.

“These unit come directly to us from the developers. These are recently built condominiums with high prices in which buyers had purchased for investment but have decided not to go ahead with the mortgaged payments,” the bank source says.

Most of these units are in Johor although there are also units in the Klang Valley, the bank source says.

He says those who buy properties for occupation are not “that affected”. Those who are “hit” are “mainly investors”, the source says.

The issue is not so much the interest rates as mortgage rates remain low at 4.25%-4.35%.

There was a time when double-digit interest rates forced many into arrears soon after the Asian Financial Crisis in 1997/98. Unable to keep up with mortgage payments, they lost their homes, the source says.

But this time, he says, it is different. The issue is not interest rates.

The source says his bank has over 100 foreclosures each month, of which about 58% come under the hammer. The rest are withdrawn from the auction market.

The bank source says the number of foreclosures today is “unlike” that during the period soon after the Asian Financial Crisis. That period saw a lot more foreclosures. In that sense, the number of foreclosures has not really risen.

“It has stabilised,” he says.

On whether he is seeing more small offices home offices (SoHos) and properties in this genre in their books facing foreclosures, he says the bank has not been lending aggressively to this segment of the property market.

SoHos are commercial properties with a residential element to it.

He says the bank he works for is rather “conservative” and does not have much exposure in this genre of the property sector.

On whether there is a significant rise in the number of auction on new units from other states other than Johor, he says “not yet”.

He says the bank is trying to cap its non-performing loans at 1% to 2%.

However, the bank’s mortgage base, or property loans, is rising.

The source says while mortgage loans is a growing market, it would like to limit exposure to certain segments of the real estate market.

A second bank source says his bank’s mortgage loans hit new records annually but the NPLs are capped at 1% to 2%.

So despite the NPLs at that low rate, the mortgage base has grown annually which means that more properties will be financed and some of these may become delinquent.

The rise in the number of units auctioned is “incremental” because any units which are unsold at the first round of auction will be put on the second round but with 10% drop in price.

“The number of cases, or units auctioned, is based on NPLs and the mortgage base. There may be a perception that there are more auctions today, but this may be due to units going through multiple rounds.

“There may be more auctions but not more units,” the source says, adding that since 2002, the recovery process has been more efficient.

On the broad range of properties auctioned today, he says that over the last 10 years, the majority of properties offered by developers belongs to the “high-end category of RM400,000 and above”.

Prior to this, launches were priced at between RM200,000 and RM250,000.

As the types of units broaden to include a wider range of housing types with higher prices, it is natural auctions today carry a wider range of units with differing price points as well as the lower priced flats and apartments, he says.

Selected auction units from HSBC to grab when everyone probably still busy celebrating CNY. Once a year, this is the best period to BBB a unit at super cheap auction price.

Date: 22 Feb (Thursday)
Time: 3PM


1. 10-25, Menara U @Seksyen 13, Shah Alam
Chinese owner. Non bumi lot.
527sf, 10th floor, 2R1B



2. A-32-7, The Elements@Ampang
1432sqft Auction: 22/2/18 Freehold



3. Launching price 460k in 2013. Auction price today:
01-05-07, Verdi Residence@ Symphony Hills, Cyberjaya
700sf 1rooms 1baths, Freehold, BUMILOT



4. 2-26-09, M-City@ Jalan Ampang, KL
1653sf 3+1rooms 4baths High floor, Freehold.



5. B4-7-3 Mirage By the Lake, Cyberjaya
1009sqft Non bumi 2 carparks Freehold



This post has been edited by AskarPerang: Feb 12 2018, 11:27 PM