Am I supposed to believe your uninformed opinion instead?

Maybe paramount come out with its own 'starter home' leh.....

16x55.......butt sambung butt......

Sure can sell below 1mil.

Then why u are here, better buy data at JPPH, u will have everything u need.

As per stated by icemanfx: http://www.starproperty.my/index.php/artic...property-value/

Will multiple foreclosures in my area or scheme affect my property value?

Bank Negara Malaysia’s move to increase the interest rate by 25 basis point to 3.25% may affect property owners and investors who previously bought properties en bloc under the Developer Interest Bearing Scheme (DIBS).

Now that the properties purchased under the DIBS scheme are completed and due for vacant possession, many property investors will be facing difficulties to service the higher loan installments.

In the event of default by the property investors and owners, this would lead to multiple properties in the same area or scheme being auctioned off at the same time. The aforementioned scenario begets the question whether the multiple foreclosures would affect the property value of other properties in the same area.

The answer is YES.

Let’s go back to the basics. A valuer determines the value of a property based on past transacted price. Properties transacted through an auction in the high court, the land office and/or private auctioneer are still transactions that will be reported to the Jabatan Penilaian dan Perkhidmatan Harta (JPPH).


A valuer is required to analyse the most recent transacted price from JPPH and make the necessary adjustment to the value of the property. If there are too many properties from the same area or scheme which are transacted at low purchase prices, it will affect the valuers’ decisions for subsequent transactions.

The valuer will also factor in the demand and occupancy rate in the area as well as the risk factor that other properties in the same area or scheme will be auctioned off.

Given the above, it may be wiser to buy in areas or scheme where the occupancy rate and/or demand is high. Even if the property units are bought for investment purposes, as long as the property units are occupied by tenants, the risk of owners/investors defaulting leading to the property being auctioned off will be less.

Valuers supposed to indemnify bank for losses caused by over valuation; it is not unknown for Bank to ban valuers for over valuation.

To protect themselves, some valuers add "force sale" value i.e auction price in their report. In places or projects that have high auction cases, some loan approvals or ltv are based on force sale value rather than market value.

This post has been edited by icemanfx: Mar 25 2018, 08:34 AM

So much knowledge about auction.

Have you guys bought anything from auction?

I bought 2.

With number of incoming supply and current market sentiment, more and cheaper auction is expected in cbj. If one is not in the rush, could wait and pick.

When you missed the boat, don't say I did not Bojio.

the boat to Holland? Not at all.

This post has been edited by icemanfx: Mar 25 2018, 04:20 PM

Well it's endless possibilities 😑
Everyone in jumping into the "affordable house" trend...

Can give details of the 2 properties u have bought ? R U making money from your purchases ?

U bought subsale or new also not guarantee to make money

Agree, there is no guarantee in any investment.

Was looking at the EC report...

One thing catch my attention..

Cyberjaya only have around 200+ registered voters...

So little people... Those neighbouring Voting Center have more people.. Heck even the Estate have more people...

Either high majority are tenant occupied OR

owners and ownstayers still havent changed their old electrol.

Hmm...

Maybe the second one.. Because u see neighboring Putrajaya, the numbers also kinda small, but u look.. Population staying much higher... Mostly address still in hometown like Kelantan

Hmm. Yet another interesting lelong unit from this project.

ET1-20-15, Menara Eclipse 2, Persiaran Multimedia, Cyber 11, 63000 Cyberjaya
RESERVE price 🔥🔥RM 420,000🔥🔥
Freehold
Duplex 950sqft
Auction: 25/4/18

Just refer above for the developer pricing sold last time.

common sense..

Hooray... Cyberjaya got dessert shop now and the pricing is really affordable!!!
Sweet dessert house at cybersquare,0800 to midnight.
https://www.facebook.com/mycyberjaya/posts/2002616193321424








quote=ace77,Apr 1 2018, 11:20 PM]
common sense..

[/quote]

This post has been edited by Soros007: Apr 3 2018, 06:06 PM