No bidder. Below 300k also nobody interested in this vacant, non bumi unit.
And is a 3 bedroom unit, not studio!!!
Updated price and details as below:

J-06-08, Block J, Mutiara Ville, Persiaran Sepang, Cyber 11, 63000 Cyberjaya
Reserve price 🔥🔥RM262,440🔥🔥
935 sqft, end lot unit
Freehold
Auction: 13 Jul 19 (Sat)
*Non bumi lot
*Vacant unit

Layout:

Just to add. Both Cristal & Serin under same subsidiary company: Trientel Land Sdn Bhd. Developer Villamas.
Serin Residency already issued out strata title. Developer not allow direct transfer. Therefore, current owner must somehow settle the strata title perfection before able to sell.
Cristal Serin still under master title. Owner can escape MOT cost if able to sell now. But this window of opportunity is closing fast as developer is in process of issuing out the strata title as well.

This post has been edited by AskarPerang: Jun 11 2019, 06:33 PM

No bidder just now.
Can standby next month.
New reserve price will be at 🔥🔥RM826,740🔥🔥 (Bank value: 1.4M)

This post has been edited by AskarPerang: Jun 18 2019, 12:07 AM

Too wide actually coz the group consist of all type of property. As other places will have old property be it PPR or low cost flats or landed houses.

Just zoom in for newly completed property falling straight into lelong.
Jalan Ampang actually is at the top if zoom at very specific zone/area. M City and The Elements until today (3 years or more after VP), still got never ending auction units. Joining in by Arte+ and 3 towers. Newly completed.

p/s: This is a better website to do a quick search: https://www.lelongtips.com.my/search/cyberjaya/?page=1
Few landed property. Majority high rise.
Lakefront, Eclipse, Tamarind, Kenwingston all newly completed.
Cyberia, Mutiara Ville and Sawtelle Suites never ending available in lelong market.

This post has been edited by AskarPerang: Jun 23 2019, 03:49 AM

Erm...anything interesting at the area you circled out?

Source of article: https://www.orientaldaily.com.my/news/xilie...19/07/07/297185
Translation via google:

Want to buy an auction house?
After 6 auctions, the price of 900,000 new homes fell by as much as 46%.

The auction houses are old, broken, haunted, and even splashed with red paint at any time, not worth buying? Not necessarily, in recent years, many new homes have been auctioned. For example, in Kuala Lumpur, a newly built luxury apartment unit failed to auction at the market price of RM900,000 for the first time. After six auctions, the price has dropped to RM490,000, a drop of 46%.

As the housing market slows down, more and more newly built units have been auctioned, and no one has ever lived in the new housing units, and it is much cheaper than the market price.

One example of Wu Zhiqiang, one of the founders of Act Fast Real Estate Agency, was interviewed by Oriental Daily. The above auctioned example was a 911 square foot unit at Abang M City Apartment.

He said that another example of a new home auction was the Arte Plus apartment, which had its first auction price starting at RM800,000. After several rounds of auctions, it has now fallen to RM400,000. "The most serious decline is in Cyberjaya. The auction price can be said to have collapsed. If the developer sells a house of RM80 to RM900,000, it will only fall to around RM300,000."

He explained that this is because Saicheng's local population is sparse, and many homeowners are buying and renting instead of self-occupation, resulting in a sharp drop in local housing prices. Some 1400 square feet of unit prices have fallen to RM380,000.

“Some new apartments have been auctioned for a year to a year and a half, resulting in many people not buying the developer’s house and choosing to buy new ones in the auction market.”

I can't afford to auction

He said that the best-selling auction house in Kuala Lumpur today is an apartment unit with a price range between RM400 and RM500,000, and many of the units are new. “The trend of new homes being auctioned is becoming more and more obvious this year. It is estimated that almost 200 new homes will be auctioned this year in the area of ​​the Selangor.”

He said that there are similar conditions in Penang. For example, the market price of The Clovers is about RM700,000, but the auction price has dropped to RM500,000, while the price of Arte S has dropped from RM800,000 to RM500,000.

“There are about 30 new homes auctioned in Penang this year.”

He analyzed that these homeowners may not have to pay for the first time when they bought a house, and thought that after the house was built in three to four years, the salary would rise, and the salary would not rise too much, and they could not rent it. Mortgage has led to an increase in the number of auctions.

"If you buy yourself, it is a good time now, because the quantity is very large, it is very cheap, and the house price has almost fallen to the bottom."

Sun Zikai, former president of the Penang Auctioneers Association, said that there are many new homes in Penang that are being auctioned, such as Arte S serviced apartments near the University of Science. After the construction, several houses were auctioned, such as an area of ​​1,262 square feet. The unit of the ruler was sold on January 11 for RM607,500.

"This kind of house was auctioned after it was built and taken into the occupation paper. It has not been moved in and lived."

He added that the reason for fewer buyers of serviced apartments also includes commercial units, so local taxes, house tax or water and electricity are more expensive.

Second-hand housing slow-moving new home buyers more choice

The auctionGuru.Com.My auction information network founder Xie Lianyi believes that now is the buyer's market, because the buyers have too many choices, so the price of new homes being auctioned will fall.

He explained that buyers have many choices, in addition to auction houses, as well as new homes sold by developers, including slow-moving homes, and can also buy houses through the ordinary second-hand market.

“The new houses being auctioned are now on the rise, and the number is quite large. For example, M City and Arte Plus apartments, Wansuo and Sungai Buloh also have some landed properties, which are sold at prices below 30% to 40%. ""

He said that some units with a market price of RM900 to RM1,000 per square foot also fell to RM600 to RM700.

He analyzed that in the past, the houses that were generally auctioned were low-priced houses, but in recent years, high-priced houses were more common than ever.

He explained that the previous housing market was relatively stable, so in the economic storms of 1997 and 2008, the low-income groups were mainly affected by the auction.

“But after 2008, the general public changed the speed of industrial value-added. Many houses were sold very well at the time of promotion, and the price also rose very quickly. So many people bought houses, but as the economy was not good, some people got on it. 'The tail bus', the house price began to fall."

Sun Zikai said that some of the new housing units he auctioned were not sold for three times. He believes that this is because the auction house still needs to compete with the new property, the developer now offers many offers, and the house broker also strives to promote the developer's unit.

The number of high-end apartment auctions doubled in 3 years

According to AuctionGuru's "2018 Auction Market Annual Report", the number and value of high-end apartments that were auctioned in China in 2018 have more than doubled in 2015.

According to the report, the number of condominium units being auctioned increased from 1,142 in 2015 to 2,407 in 2018, and the market value increased from RM 659 million to RM 1.39 billion, both of which increased by 111%.

The high-end apartments that were auctioned in 2018 cost an average of RM580,000 per room.

The apartment is still the most expensive type of high-rise building. In 2018, a total of 6,863 apartments were auctioned, with an average price of RM200,000 per room.

However, the increase in serviced apartments or suites is the most amazing! In 2015, there were only 102 units with a total value of RM33 million, but in 2018 it has risen to 1797, with a total value of RM 826 million, with a 16-fold and 24-fold increase in quantity and value, respectively.

According to the report, the number of high-rise buildings being auctioned is large, or due to oversupply and low rental returns, more homeowners and investors are giving up their mortgages.

“High-rises are easier to sell in the auction market because of lower prices, higher facilities and rental returns than those in landed houses.”

Attracted 4 bidders.
This house sold just now at 1.66M.
Good catch.

Another lelong unit available at below 400k.
From the famous aunty Teh. Should be here last few units in the lelong market now.
This unit from Maybank.
Full list can refer here: https://forum.lowyat.net/index.php?showtopi...post&p=92475531

A-03-02, Block Amethyst, Cristal Serin Residence
Reserve price: 🔥🔥RM 385,000🔥🔥
Freehold
1521 sqft
Auction : 22-Aug-2019 (Thu)
*Non bumi lot

Unit sold at reserve price 853k last week.
Single bidder won unchallenged.

Well, after Villa Cristine house above drop price a lot.
Now we have Villa Diamond house. Drop from 1.4M.

See the layout here: https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf
Got 4 storey actually. Come with LG basement floor.

19, Villa Diamond B, Jalan CSR 3, Cristal Serin Residence
Reserve price 🔥🔥RM 826,740🔥🔥
Freehold
Intermediate unit
Land area: 22" X 80"
Built up: 3698 sqft
Auction: Mid Sep 19

Actual house pics:



Previous Auction(s) for this property
Auction Date Price
2019-08-15 RM918,600.00
2019-07-17 RM1,020,600.00
2019-06-18 RM1,134,000.00
2019-05-16 RM1,260,000.00
2019-04-17 RM1,400,000.00

Both places with high number of defaulters. Not talking solely about lelong units but also owners that not paying maintenance fees.
Verdi is newer and still plenty of developer units left.
Verdi offering more layout option especially smaller size below 1000sqft unit (like 700sqft 1 bedroom or 900sqft 2 bedroom unit).

Verdi priced more premium even in the lelong market transacted prices:
Size 1442 sqft sold above 500k.
While Cristal Serin 1521sqft can get at around 450k or below.

No bidder. Probably due to occupied house?
Now at 7th round re-auction.
This owner own 2 units of Villa Diamond both under lelong and both occupied unit.
But this is the cheaper pricing unit at the moment.

19, Villa Diamond B, Jalan CSR 3, Cristal Serin Residence
Reserve price 🔥🔥RM 745,000🔥🔥
Freehold
Intermediate unit
Land area: 22" X 80"
Built up: 3698 sqft
Auction: Mid Oct 19
*Non bumi lot
*Occupied house

See the layout here: https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf

Actual house pics:



Previous Auction(s) for this property
Auction Date Price
2019-09-19 RM826,800.00
2019-08-15 RM918,600.00
2019-07-17 RM1,020,600.00
2019-06-18 RM1,134,000.00
2019-05-16 RM1,260,000.00
2019-04-17 RM1,400,000.00

Yes it is still okay for you to continue renting or staying there. Depending which property in Cyberjaya, normally will need at least 3 rounds and above only will have interested bidder. Every round will take 1 month time.
After successfully sold via auction also, the new buyer will need 90 days time to seal the deal.
Guess by that time, your contract already ended.

More importantly is whether the management start taking action to the unit such as barring your access card etc.
That will be more troublesome.

Not even 1 year after VP, now with 10 active units in the lelong market.
All 2 bedroom unit and 3 bedroom unit. No 1 bedroom unit enter lelong yet.

Yes got a unit. Drop from 430k.

B1-11-2A, Tower B, Kenwingston Square Garden
Reserve price 🔥🔥RM 313,500🔥🔥
Freehold
815 sqft
Auction: 15-Jan-20 (Wed)
*possible fully furnish unit

Mirage 2 storey lake villa currently at 656k.
Bank value 1M.
Brand new virgin condition house.

No idea how much maintenance fees owed but that’s not a problem coz able to claim back from the bank. Required double transfer.

Cyberjaya pigeon hole lelong results:

Unit sold at reserve price 174,960.
Single bidder won unchallenged.






Unit sold at reserve price 202,500.
Single bidder won unchallenged.
Occupied unit. No info who staying.
But the owner got another unit at Citizen, possible awaiting to enter lelong market as well.







2 lelong units from The Place sold this week.
Both sold at below 180k.
Really price drop a lot here even with a confirm MRT2 station at walking distance.
Downstairs commercial no business. Building maintenance also out.