Not within the stated budget.
Parkhill Residence, 400 meter covered walkway to LRT Bukit Jalil, newly completed, keys not yet collected unit, highest floor, 3 car parks: https://forum.lowyat.net/index.php?showtopi...post&p=92483411

This post has been edited by AskarPerang: May 10 2019, 12:04 PM

Or anything other prop near LRT within the budget ? As long as it is near a public transport system such as LRT or MRT.

Just get out at oug lrt or awan besar and expose on foot lah....

You see and sense more that way.....

Looking for auction units mah, cheaper. If you walk around, you how many places you can visit ?

Why so susah susah, get a unit at Bukit OUG condo, bargain hard enough and you can get one within your budget at a subsale.

LRT station? Doesn't get any nearer.

Also if you walk around you see the condo then you get on iProperty or one of the sites then check if there are any auction units.

Doesn't get any simpler.

Unless u r seasoner auction hunter, if u r looking for own stay or small investment, better of buying subsales...

Prime location property attracting people.
Hot lelong unit sold in the high court today.

Attracted 15 bidders this morning. OMG!

Lelong history of this unit:
1st auction - 1,000,000 - no bidder
2nd auction - 900,000 - no bidder
3rd auction - 810,000 - no bidder
4th auction - 729,000 - current reserve price - 15 bidders!!!

Sold at:

You know, I really enjoyed reading the stories posted here...so grounded with reality, these actual cases...helps out perspectives to people like me "

One question... auction units or not, would people go for those units that are cheap like 50k, plus minus, buy outright cash and then rent it out for 250-400? Seems to make better returns than getting those in the range of couple hundred thousands and still rent for that low (600-800).
I know the type of tenants come to play too, but would like to hear your thoughts on this Thanks~

This post has been edited by pinksapphire: May 15 2019, 08:56 PM

Below 100k popety be prepared to fight with 30 to 50 bidders.

More realistic or more choices if set at below 100k low cost flat.
Yes, many cash rich investor still will aim such units to buy from the lelong market.
Coz if via normal subsale, they are not qualify to buy such unit.

Really that many? Then end up price gets higher than before, ey...

Oh yeah, now I recalled reading somewhere here that low cost can be owned if bought through lelong, or else cannot buy.
Good for those who can do that cuz it feels like the yield is not bad.

I've seen a decent amount of walk-up flats that sell at good prices, gets me wondering. Especially those located far away. But these quite scary to touch since not even familiar with slightly ulu areas and people there.

Any property listed for <100k would be >100k at the end of auction unless it is a place not worth buying to begin with or will be difficult to take possession off after the auction is over.

Buying low/medium cost flats and renting them out does give good returns but not the easiest way to make money as you will need to sift through the pool of tenants many of them nasty characters to deal with and might become a problem to collect rent from them.

Worth doing? For me it isn't something worth doing.

To the first point, agree...and if it's gonna be more than 100k, then may as well buy subsale... better peace of mind too...

And ya, I thought the same as well with the type of tenants that these type of properties will attract...think they may not take much good care of your property and end up you might incur losses just to upkeep the place and pray no delay in collecting rent.

Good to understand further on this, thanks everyone for the replies so far

Also to note, many of these <RM200k properties are leasehold and >20years old. Won't be easy to get a loan on it.

Not exactly correct. Good location (nearby KLIA). Can do sublet. Yet still can get at below 100k.
Low medium cost flat. Easy to rent out.
Investors normally well familiar with the property and location they are aiming. Probably already owned more than 10 units at the same place.

Here example (RP 81k. Won unchallenge 81k): https://www.lelongtips.com.my/property/5636...gor-for-RM81000
Owner pass the unit over to subletter at a rental rate of only RM500 per month.
Subletter rent out per head if full occupancy can get RM1100 (minus RM100 for utility) = RM500 nett earning.

Just not sure the repair/set up cost = RM20k++ owner the one paying or the subletter paying or half-half. She didnt mention.

I did hear how some people with build their empire like this...so it's true @_@

Thanks for sharing this case study.

I would say different price point of your popety will attract different kind of bad hats as tenant to yr property.

how often tenant will rent yr mid cost/mid high cost apartments or over 5 yrs? 2 to 3 yrs you already be counting on yr lucky star already.

so pls dun simply judge people bcos they stay at less glamourous places.

and for your low cost apartment, there isn't any thing to damage to start with....

> 20 yrs no problem getting loan

> 60yrs not so easy

most low cost and mid/low cost apartments are built under state owned land, hence leasehold.