Why cannot be Sime Darby or Sime Darby's high level staff buy back?

Better buy new unit i think, staff purchase discount also available, free lawyer, free mot.

Buy ar buy ar.. Don't kena lelong can already!

Here an example. Reserve price at 60k. 24 bidders.
Owner bought at 30-35k only the unit.
Hot location. Less than 100 meter away walking distance to Ara Damansara LRT station. PPR flat with guard and boom gate at the entrance.

Also advisable to contact the banks for such info.
It's 99% percent hard work.

Hi. I have 2 questions. Maybe someone can help me:

1. Can I withdraw epf money if i succeeded in bidding? Or is it lelong unit not eligible to withdraw epf?
2. Im working in a bank and I am able to enjoy a much cheaper housing loan rate, so can i choose which bank I want to apply loan to?

This post has been edited by tinkerino: Apr 4 2019, 10:02 AM

Most of SOHO owners are most probably neither not in Lowyat Property Forum nor did not read our warnings.

1. Yes, can withdraw EPF after winning. You still need to have 10% cash in hand first to bid. Then only withdraw the money from EPF account 2.
Here, refer to this KWSP guideline: http://www.kwsp.gov.my/portal/documents/10...4__18092015.pdf
Under section: (D) SUPPORTING DOCUMENTS FOR PURCHASE OF HOUSE FROM PUBLIC AUCTION

2. Yes, you can apply loan from any bank. But to get internal bank promo rate, of course you need to apply with the bank you are working. And is best to apply with few banks at once, not just with the bank you are working.

Thank you for your answer! Both answers is to my benefit and advantage. I thought that winning bidder can only apply from bank that auction off the property.

Thinking of getting a PL for the 10% as a buffer while waiting for kwsp to disburse account 2. Then settle the PL as soon as disbursement to minimize the interest incurred. You reckon it’s a good idea?

Why say so?

if i only bring bank draft 10% of reserved price 200k and win the bid at 220k, can I use credit card to settle the extra 20k x 10% ?

Kwsp wont give u money. Money will go straight into ur loan account. So u cant withdraw it to settle PL without hassle

This post has been edited by luvox: Apr 4 2019, 03:02 PM

It is right? my EPF account 2 direct transfer into my account, but subsale lah.

Unfortunately no. Bank drafts. Hence prepare the 10% of maximum amount you are willing to bid.

oh...always thought 10% of Reserve price

btw, is it true..auction house no need to pay SPA legal fees, stamp duty? forgot where i read that

Rumah PPR lelong units ? Anyone can buy? Even non selangor people? I m pemangie

Need to pay. Is the same like subsale purchase.

Yes anyone can buy via lelong. Only bumi lot still apply.

How about Penang low cost lelong? I thought only certain people can buy...

Is applicable to all states.
Anyone can buy via lelong. Only bumi lot/malay reserve land still apply.