Boulevard Service Apartment, Jalan Kuching.
Just newly completed less than a year ago.

Got undetected lelong unit actually. Due to the name. Thought is shoplot.
Went under the radar.
Anyway sold at almost half of S&P price.



Sold at Reserve Price 328k today. S&P price 650k.
Single bidder. What a great catch.

Parents also play a part. They will tell their children to BBB blindly, citing the ever increasing price of property but they never really check if the area is worth buying. End up buying props in such areas where developers cleverly  marketed themselves as being premium in an out skirt location. I clearly remember my Rawang friend telling me off that it's only 'you' KL people that are buying those overpriced DS there. He asked me how many 'local' Rawang residents can afford a Rm800k DS. If they could afford Rm800k, they would have moved to KL or PJ and bought landed there. Now it's like the other way round. Just because developer marketed their products cleverly, people are moving to the outskirts but buying at 'city' prices.

Both unit no taker yet again. This gonna be lelong record soon. Launching pirce 500k++.
Here you can check back this post as proof: https://forum.lowyat.net/index.php?showtopi...post&p=89879321

Now 200k also not sure anybody want or not. More than 60% drop in price.
Anyone staying around there at the moment? Or is it abandon building now?

C-01-02, 1st Floor, Block C, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 204,000🔥🔥
Freehold
710 sqft (duplex)
Auction:  29-Apr-2019 (Mon)

B-01-02, 1st Floor, Block B, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 226,000🔥🔥
Freehold
710 sqft (duplex)
Auction:  29-Apr-2019 (Mon)

mind to share details how to buy this unit trust?? If 14% per annum, why I dint hear about this b4 also?

It is those thought they could beat the market that end up loss everything. If one is discipline and not greedy, risks is manageable in almost any investment.

Do you know how many and type of funds out there?

I have a question, before the property go to lelong, and the owner defaulted loan payment, knowing for sure cannot pay already, don't want to go bankruptcy.
I arrange to take up or paying remaining loans and take over the property, can this be done, or has it be done before?

Say it is not the general case, say it had been paid 30-40% over, and the loan provider forgo the remaining interest if I pay in cash?

If the market is really bad, the bank will lose a lot of money going to lelong as well.
Maybe can negotiate a discount?
I have never heard this is done in Malaysia.

Then they will say like I already bankruptcy, what worse you can do to me?
And bank just sit there losing money and more cost for the auction process.

Hi guys how is Penang property market looking right now? I'm thinking of getting a landed unit around 550-600k around Tanjong Bungah / Tanjong Tokong area excluding renovation costs, is that feasible?

https://www.credit-suisse.com/about-us/en/r...lth-report.html

According to 2019 wealth report; one need US$109,430 net worth to be among top 10% wealthy in the world. However, number of adults in this country have over US$100k net worth is less than 4%, mean Malaysians wealth is below world average.

Us$109430 net worth may seems nothing much by some but <4% of adults in this country could attain.

What is bumi lots? Means Malaysian can buy? Foreigner cannot?

what is em, ew?

S P Setia Berhad has launched the Setia NOW campaign, which sees more than 1,600 properties nationwide being offered with a rebate of up to 48% from the selling price. Ongoing until 31 July 2020, the campaign is one of the biggest to have been launched by the developer.

Aside from the discount, S P Setia is also providing several other promotions, such as the waiver of booking fees, down payments, or legal fees. You may also get a free memorandum of transfer (MOT).

A range of S P Setia properties are included in the campaign, catering to a variety of lifestyles and household sizes. You can choose from condominiums, serviced apartments, terrace houses, semi-detached homes, villas, bungalows, and even selected commercial units. Location-wise, they are situated in the Klang Valley, Johor, Penang, and Kota Kinabalu.

https://ringgitplus.com/en/blog/property/s-...w-campaign.html

Case by case. Need to apply.

One of many ways policymakers could find out is to ask the top 0.5% of the 14.9 million Employees Provident Fund (EPF) members who collectively had 12.4% of the savings managed by the provident fund at end-2020. Or better yet, ask the top 2.2% or some 245,805 EPF members with at least RM500,000 in savings each, who collectively have a quarter of the savings managed by the fund at end-2020.

The top 0.5% refers to the 248 EPF members with at least RM10 million each saved with the provident fund at end-2020, as well as the 67,919 members who had saved between RM1 million and RM10 million each.

There were also 245,805 EPF members who had at least RM500,000 but less than RM1 million saved with the EPF at end-2020. This group makes up 1.7% of the total number of EPF members but have 12.8% of the savings managed by the provident fund, EPF data shows.

https://www.theedgemarkets.com/article/woul...-poorer-members

These numbers is consistent with 4% of adults have over USD 100k net worth; one need about RM 2m net worth to be top 1%.