Cristal Serin, Cyberjaya by Villamas:

Here presenting example of multiple submission project / compress loan + offer big cash out possible?
Many many lelong units incoming from here:







1. Pang - 6 units
2. Azril - 4 units
3. Tan - 7 units
4. Lim - 5 units
5. Teh - 6 units (all her units already sold in lelong at around 400k. minimum 250k lost for each unit)
6. Loke - 3 units
7. Mifzal - 6 units


I salute property guru/sifu and the Sales Agents that managed to sell them all units here.
This is trully die with massive debt.

Unit: J-15-12 drop to 324k today. 935 sqft.
And sold at reserve price, single bidder win unchallenged.
Not sure is a good catch or not.

Opening of the unit. Sublet unit with 2 extra rooms.
Also enter lelong.
Edited: Yes is a good catch with so many free gifts inside.

Layout:

Hoi cyber bully.
You think this forum is bapak kau punya?

Another day, another cheap lelong unit available.
Brand new virgin unit condition.
Unit come partial furnish from the developer. Ready with Front Grill, Kicthen Cabinet & Aircon.
Launching price from 650k++ last time.

T1-32-03, Lakefront Residence, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM 408,240🔥🔥
Freehold
1390 sqft
Auction: end of May 19 or after Raya
*Non bumi lot
*Vacant, brand new condition

Unit facing Setia Eco Glades.
This is the view (paying 20k to 30k premium more to get this facing):


Layout:



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Another day, another unit fall below 300k.
300k for a 3 bedroom unit in Cyberjaya.
Where to find such deal in the market unless is via lelong.

J-06-08, Block J, Mutiara Ville, Persiaran Sepang, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM291,600🔥🔥
935 sqft
Freehold
Auction: end of May 19 or after Raya
*Non bumi lot
*Vacant unit

Layout:




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Lelong unit check in. Refer to the thread title. Launch from 280k.
Now you can buy at much cheaper pricing.
SOFO considered as commercial loan right? just like shop office retail etc.

F1-29-04, Tamarind Suites, Persiaran Bistari, Cyber 10, 63000 Cyberjaya
Reserve price 🔥🔥RM 220,000🔥🔥
Freehold
403 sqft
Auction: 14-Jun-2019 (Fri - Night auction)
*Vacant, brand new condition





This post has been edited by AskarPerang: May 11 2019, 10:07 PM

3rd Avenue. Very highly price. Premium luxury condo.
SG developer i guess.

Completed early this year.
No lelong unit yet.

Type A (484sf -1 Bedroom)=RM375K
Type B (764sf -2 Bedroom)=RM582K
Type C (973sf -3 Bedroom)=RM722K
Type D (980sf -Dual Key) =RM720K
Type E (990sf -Duplex) =RM753K

yes agree. Crime happens everywhere. But it made bad place such as cyberjaya even worse. Everytime I drive in cyber, need to be really careful cause the foreigners (esepcially arabs and africans) there drive like monkeys. Even a friend of mine ( a lady) who own a unit in cyber was harrassed and disturbed by foreigners in the elevator. The highrise there is not a safe place to stay. Just skip cyber.

One of my sister is a lecturer in one of the uni in cyberjaya. Many of those monkeys foreigner students came there not to study. They are there just to have the visa to stay in Malaysia. She even told me how dumb and rude they are based on their assignments, exams, the way they communicate and alot more.

Link: https://forum.lowyat.net/index.php?showtopi...post&p=92704182

Your statement is even more absurd. 90%???
Please refer to this example: https://forum.lowyat.net/index.php?showtopi...post&p=92475552

If one not able to pay for the condo maintenance fees, do you think they will pay the assessment fees? This thing only require logic thinking.
Cristal Serin is just 1 example, I have seen other places all with long list of defaulters and huge outstanding amount in Cyberjaya, namely:
Mirage By The Lake
Verdi
Mutiara Ville
Cyberia Smarthomes

Not sure whether the MRT station in Cyberjaya link directly to MCT or not.
The Place
Sky Park
Both will have MRT station within walking distance.

Anyway both project using this so called centralized air con system. Not sure who design such "clever" system. Monthly really cost a lot if you on the air con. Many purchaser or even tenant kena con by staying there.
And is under commercial loan same as office/suite/shop lots. Not normal housing loan like for service apartment or condo.

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.

all type of property

Not so sure elsewhere. Maybe Bukit Jalil, Nilai, Seremban.

Once again no taker. below 200k now. OMG!

B-01-02, 1st Floor, Block B, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 183,600🔥🔥
Freehold
710 sqft (duplex)
Auction: End of Jun 19
*Non bumi lot




Previous Auction(s) for this property
Auction Date Price
2019-05-29 RM204,000.00
2019-04-29 RM226,000.00
2019-03-27 RM251,000.00
2019-02-27 RM278,000.00
2019-01-28 RM308,000.00
2018-12-28 RM342,000.00
.
.
.
1st auction price 520k! Every round no taker. Is at re-auction the 10th round now!


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Eclipse bumi lot lelong unit (duplex) still unsold even at below 350k.
Now non bumi unit is available, duplex as well at 380k. Launching price above 500k++ last time.

ET1-28-10, Eclipse Residence, Persiaran Multimedia, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM380,700🔥🔥
950 sqft (duplex), 2 car park slots
Possible to split into dual key (dual entrance)
Freehold
Auction: End of Jun 19
*Non bumi lot




Previous Auction(s) for this property
Auction Date Price
2019-05-29 RM423,000.00
2019-04-29 RM470,000.00
2019-03-27 RM522,000.00
2019-02-27 RM580,000.00
2018-09-06 RM580,000.00

All no bidder.


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Another day, another cheap lelong unit available.
Brand new virgin unit condition.
Unit come partial furnish from the developer. Ready with Front Grill, Kicthen Cabinet & Aircon.
Launching price from 650k++ last time.

T1-32-03, Lakefront Residence, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM 408,240🔥🔥
Freehold
1390 sqft
Auction: end of May 19 or after Raya
*Non bumi lot
*Vacant, brand new condition

Unit facing Setia Eco Glades.
This is the view (paying 20k to 30k premium more to get this facing):


Layout:



Previous Auction(s) for this property
Auction Date Price
2019-05-11 RM453,600.00
2019-04-27 RM504,000.00
2019-04-09 RM560,000.00

All no bidder previously.

Yeah good buy for Sawtelle Suite VS launching price. Do visit that place. Beside abandon villa under the same project.
Current occupancy rate like 10-20% only.

Tindak Murni Sdn Bhd, a wholly-owned subsidiary of Country Heights Holdings Berhad (CHHB)

Here is the discussion about the abandon villa, by the same developer: https://forum.lowyat.net/topic/3641513/

Rare non bumi landed house in Cyberjaya available in the lelong market at below 1M.
The top most "wanted hutang" unit in the list. Not sure how much monthly maintenance fees for this villa.



2, Villa Citrine, Jalan CSR 4, Cristal Serin Residence, Jalan Fauna 1, Cyber 9, 63000 Cyberjaya
3 storey villa (corner lot)
Reserve price 🔥🔥RM918,600🔥🔥 (Bank value: 1.4M)
Freehold
Land area: 2560 sqft (32"X80")
Built up: 2976 sqft
Auction: 14-Jun-2019 (Fri)
*non bumi lot

Actual unit pics:



Layout refer (Citrine A1, corner): https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf

Previous Auction(s) for this property
Auction Date Price
2019-05-15 RM1,020,600.00
2019-04-15 RM1,134,000.00
2019-03-15 RM1,260,000.00
2019-02-15 RM1,400,000.00
2018-06-27 RM1,400,000.00

All no bidder previously.

Hard to tell from the pics. Coz no gate. Possible neighbour park their extra car in there also (if it's vacant). Best to do site visit to confirm.