He  bought serinia.

Cyberjaya is a limited freehold land. Meaning still required to obtain local authority consent for any name transfer dealing.
Therefore, I foresee auction prices in few projects here to dip lower than before as developers starting to issue out strata title.
But yet the defaulter owner did not perform the necessary step to "perfect" this transfer. Logical thinking, paying monthly installment to the bank and maintenance fees also no money, needless to say this MOT stamp duty of course no money to settle as well.

Hence the term "double transfer" come into play.
*Strata Title of the property has been issued by the relevant authority and the Developer is not agreeable to a direct transfer to the successful bidder.

Taking for example Verdi (example only, as Verdi yet to issue strata title) condo biggest size unit (1453sqft). S&P price 900k. Lelong sold price 500k.
The new owner will have to pay up the MOT and legal costing base on this S&P price transferring the title from developer to the ex-owner name first. 
Then only paying another round of MOT and legal cost base on the winning price transferring the name once again to his/her name.

STAMP DUTY SCALE for MOT
Stamp duty Fee 1% : For First RM100,000
Stamp duty Fee 2% : Next 400,000 (RM101,000 – RM500,000)
Stamp duty Fee 3% : The following amount up to RM1 mil (RM500,001 – RM 1 million)

Just calculate for yourself the additional cash in hand one need to have to take over those auction units. Yet to include the penalty incur due to extension coz double transfer will not be able to settle within 90/120 days. Unless potential bidder did not do enough homework and unknowingly bought over such unit, then after winning only realise the consequences, that's a different story.

My current fav place is tamarind square too. Free parking, not congested unlike dpulze, hard to find parking nowdays even on weekends.

Lol. Is it still as haunted as it always has been?

Do u mean cybersouth?

Cybersouth have 2 developer. MCT and LBS(on malay reserve land)

Where u get info LKW closing? They r one of the biggest exhibitor at Education Fair.

Based on maps, closer to Jenderam.

The project is not launch yet. I just admire the lake...Hehehehe...we always dream to have a house with lakeview. Definitely not gonna buy it, max our loan on mortgage


Yesterday pic, drive around after pick up my kids

in fact I tot cyberjaya could have done better. example why not attract Alibaba to set up their office in cyber, nearer to their KLIA depot as well, instead of in KL

I don't know, but with trade war ongoing at the moment its an opportunity for Malaysia to attract those mnc from US or China. Maybe our new government is silent achiever but no news so far. I wanted to know if any new mnc coming to cyber as well.

The founder is a strong Tun M supporter. During Najib time, Country Heights was targeted by Najib government until the founder have to pump in own money to settle tax. When they were not in the good books of the then government, all the banks will stop lending to them because of the credit risks. Now under Tun M, I am sure Country Heights will be in better position as they are in the good books of the current government and the banks will be more willing to lend them money.

What's goes around will comes around. It is a matter of time, cbj lovers favourite seg will end up in same fate.

Time will be the proof, just be patient.

I challenge you to show where I predicted u.s stocks would crash soon in 2015-2016.