Yes. Some hot units investor willing to bid above market price coz lelong is the easiest way for investor to collect low cost property.

Another latest video from this sifu.
No idea what he is talking about but I can guess he is encouraging that person to compress few units 600k property.
Good luck to him.
I will see him in lelong few years later.

600k per unit.
4 units of 600k price property.
Total 2.4M debt + refinance the current house as well.
So close to 3M of debt. Must do it in one shot.

But those sifu (estimate age around 40 years old now) predict that in his lifetime, will experience at least one more time of such property bull run.

All just base solely on past experience. Last 20 years got 1 bull run. So next 20 years will have at least another 1 bull run. No further reasoning why. Just saying base on simple logic.

Another case of loan compression.
Possible more units from the same owner incoming from other bank.

Any property bought before year 2010, owner will still make profit even if sold via lelong price today.

However after 2010, especially if bought during property peak price in 2013-2014 will be another story.

Found another investor or loan compress specialist in the lelong market today.
All his units are possible bumi lot. Unfortunate for him as the price will drop extra few rounds in the lelong market before got any qualify taker.

ION Delemen unit 1 (kuwait finance) 2015: http://www.ehsanauctioneers.com/property_p...20KFH0009-1.pdf
ION Delemen unit 2 (kuwait finance) 2015: http://www.ehsanauctioneers.com/property_p...20KFH0009-2.pdf
KL Traders Square (hong leong bank) 2015: https://www.ngchanmau.com/pos/8730/pos_en?v=1552235224
Sentul Village (hong leong bank) 2015: https://leongauctioneer.com/property-for-au...on/Details/3223

Maybe he got even more units elsewhere with other banks (yet to release into lelong market).

Arte at north = Arte S, Penang
Arte at centre = Arte plus, Jalan Ampang

Yes. Both with tons of lelong unit. Need to trace see whether they are all coming from the same group of owners or not.

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.

What sort of property monthly installment rm500 to rm800?
And this loophole of loan compression via multiple submission is fast closing. Some banks cannot be done anymore.

These mortgage brokers may apply up to six banks for a buyer. When three approve a loan, instead of buying one house which cost RM800,000, the buyer may end up buying three.

The “motivation”, he says, is the cash rebate which sometimes run up to 30% of the house price.

On the conservative side, the buyer may be offered RM100,000 rebate for a RM800,000 house. Three houses mean RM300,000.

Assuming a 30% rebate, that is RM240,000 per house. So the borrower takes a 90% loan, or RM720,000. The buyer gets a “cash back” of RM160,000.


Multiple applications

Banks were unaware of multiple loan applications.

“The whole process is to cheat the banks,” the source says.

“This led to banks asking for termination letters from the other banks, when they got wind of it,” the source says.





This post has been edited by AskarPerang: Jun 15 2019, 12:29 PM

Another example of multiple / loan compression method.
Now all units gone under lelong by different bank.
4 units at the moment (possible more) under the same owner.
Ex-military personnel. Doing interior design / homestay business after leaving the service.

Business must be doing badly at the moment I guess.
If lucky enough those units will come in ID full furnish inside. But do your own research.



C-33A-3: RHB
D-33-01: AmBank
C-33A-2: Public Bank

Plus this unit at Puncak 7 under Maybank:





This post has been edited by AskarPerang: Aug 22 2019, 01:44 PM