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

Definitely can buy those low cost units or affordable housing scheme projects via lelong. Dont have no meet the criteria to buy.
As mention previously, got investors even willing to bid more than the market price for such units, coz via normal method, they got no chance to buy such property. Yes, still need to ask for consent. It will be given. Is just formality to complete the process. Here copy paste from somewhere:
Buying such units from lelong certainly no problem. You should be more concern about how to sell back in the future.
Coz your future potential buyer need to meet all the criteria. Easy to find such buyer? Easy to dispose off after 5 years? Here an example of the syarat-syarat (might not be the latest and other state will have their own set of criteria):



Additional: Some state such as Johor and Penang even got criteria you can only sell back to Johorean or Penang ppl. The buyer I/C as proof.

That's the main reason why such property got no appreciation. Very limited subsale market.
Rental return wise no doubt is fantastic but some people will argue say you will find trouble collecting rent from those "lower income" group, and better not to waste effort venturing in such property.
Plus some people will say just leave it to those that really need, those that can only afford such property people. Not morally right to take away their "hak", as per this illustration:



Haha. No right or wrong. Just general opinion from keyboard warrior, those netizens.

But a quick check at subsale market can get unit priced at below 30k.
Anyway most probably all investors trying luck here coz not qualify to buy via normal subsale method.

Any website to scout for lelong property?

which requirement(s) they not qualified via normal subsale method?

seems market still have lot of buyers but they prefer auction and not subsales ?  how is the sub sales activities? still 70-80% from total transactions? or dropped??

seems market still have lot of buyers but they prefer auction and not subsales ?  how is the sub sales activities? still 70-80% from total transactions? or dropped??

Hi experts in auction properties, after we purchased the property for five years , were we able to sell it as sub sales property ?

Hi experts in auction properties, after we purchased the property for five years , were we able to sell it as sub sales property ?

Why people dont buy through subsale?

heard from an experience banker that experience buyers prefer deal direct with the seller without going through the auction bidding, of course she did not reveal how her client did that.