More auctions coming if interest rates rise some more.

What price U paid for this unit ? How many rooms n baths ?

His main beef with the lake will turn teh tarik if didn't maintain properly, not cos of overflow.

He has a point. I understand some units bought by agents who are hoping to cash-in when VP and sell at a profit, but too bad, their prediction is exactly the opposite - if they try to sell now, they will be making losses. At RM0.17 per sq feet for maintenance, they have to cough up over RM600+ every month and in these trying times, they just don't have the means to pay. So if the fees increase further, even more will stop paying. I saw a lists of over 20 defaulters in SEG Lepironia East Graden club house notice board; this garden have like 108 units and if U do the maths, it's about 20 % not paying.

They just take the risk the developer will auction thier semi Ds. What to do ? If they pay, they will starve..so better not pay then go hungry.

This post has been edited by topearn: Feb 23 2018, 09:21 AM

I understand how strata property works and fully agree with U that it is impossible that 100% will pay. I'm just agreeing with the poster who posted that if the fee is increase, more will not pay. Those not paying are mostly emply, I think, so no belongings to take, and to auction, is a big hassle and in the end they will get back only a portion of the money due, and then still have to chase the owners for the balance.

I fully understand the objection of strata act. It'll be RM50K soon for bankruptcy.
But even now, there is nothing U can do if defaulters don't pay - as their house is vacant. That's Y I see a long list of about 20 defaulters in Lepironia East Garden which has only about 100 semi Ds.

Now easier to take action on defaulters ? Ask Ah Long gangsters to go splash red paint on the house they r staying ?

This post has been edited by topearn: Feb 23 2018, 02:38 PM

I thought only financial institutions are able to blacklist individuals for not paying thier credit card bills or housing loans, car loans, etc ? It's messy and subject to abuse if any company like developer, can do that. Didn't pay your indah water bills - will IW go blacklist U ? What about Maxis, Astro bills, etc ? They can't blasklist U, right ?

Which unit 1/2 of SPA price ? I saw the list all also 17% off SPA price ?

Sure or not ? Linked villa like Greendale, Langdale, Huan Xi and You Mei market value of about 1.3m, monthly maintenance above RM1K ? Semi Ds with much bigger land area and price close to RM2m like Grasilis, Ludwigia, Lilia and Vittaria, monthly maintainance only RM600+.

Wiiner becomes loser is no one want to bid on the property due to having to pay the sky-high fees + interest.

If U think auction is a cure-all, then U see plenty of properties being auctioned multiple rounds also no takers. Just ferw post above, few properties no bid for the 1st 3 auctions.

Agree, Lots of dead chickens who boiught pigeon holes in CJ. Did U managed to pick up some dirt-cheap bargains ?

Let's hope will go to round 2, round 3, etc.

Count me in ! I'm also interested in 1/2 price landed properties in CJ.

Wow ! U even knows the HM's name; U have properties in SJ ?

I can't find the answer. So how many units ?

If no taker, next auction will be 823K x 90% = 741K.

Yes, how come ? 1916 is like 24x80.

Auction link, pl ?

Too greedy. Grab too many units at about the same time. Now got burnt big time.