No bidder just now. Another 10% price drop.
4th round re-auction now. Drop from bank valuation of 850k.
Updated details as below:

D-15-03, Block D, Residensi Fennel Sentul, No. 2, Jalan Amra, Sentul
Reserve price 🔥🔥RM 619,650🔥🔥
Freehold
1238 sqft, 1 car park slot
Auction: Mid Jul 19
*Non bumi lot
*Vacant unit brand new condition



Auction date is now out: 17 Jul 19
Less than 10 days from now.
Full info: http://www.ehsanauctioneers.com/detail.php?id=230915082670

Virgin unit condition. Expected to attract many bidders. Possible price will go higher than last month reserve price. As usual.
Good luck.

p/s: By the way, the same bank queue up another unit for lelong as well: http://www.ehsanauctioneers.com/detail.php?id=230915082660


Attracted 9 bidders. Brand new virgin condition unit.
Sold at 720k. Hahaha. As expected, when price too cheap, will jump back up to above last month reserve price.
Why last month reserve price at 688k everyone still wait for price to drop more?

Thanks. I think am only eligible to buy from PR1MA or Rumah Selangorku 😅

Maybe prima or rumah Selangorku is a better choice. Even can look for rumawip. There are plenty of choices such as prima kajang, minest, vista oug and so forth

Hi, guys. Anyone know how to check if there is any outstanding progressive payment due to developer for auction landed property? In the POS stated in the event got outstanding progressive payment of 2.5%, purchasher need to clear the balance. What is outstanding progressive payment? If it stated in POS doesn't mean there is outstanding right? Need to check, but how to check?

One more question, if the POS only stated master title no and lot no, and its public auction, does it mean the owner haven receive individual title? What will be the risks if want to buy this type of auctioned property? 🤔hope can learn from all the sifus here.

Hi, May i know the '4. Do title search at land office. Can skip this if master title' does it mean if it's master title just avoid from it? What will be the risk?

LOL. True. Another possible scenario would be the previous owner harassing you once you win the bid. Though he is no more in power, you would never know what could happen in the future.

If master title you can skip step 4.

Probability of caveat usually only occurs with individual titles.

Also make sure the developer ain't liquidated (this is usually mentioned in POS.

Another astonishing bidding scene happen yesterday at CIMB mega auction.

Case#1:

S1-11-03, D' Sara Sentral, JAlan Welfare, Bandar Baru Sungai Buloh, Seksyen U19, 40160 Shah Alam
Reserve price: 🔥🔥RM 252,000🔥🔥
Leasehold
504 sqft, 1 car park slot
Auction : 20-Jul-2019 (Sat)
*Non bumi lot
*Vacant brand new condition unit
*Possible required commercial loan (coz is a SOVO)



Attracted 5 bidders.
Unit sold at 352k. Crazy bidding. 100k increased in price.

Last month at 280k nobody interested.
Plus hearsay this unit still got unpaid outstanding GST amount = 25k.
Good luck to the new owner.


Case#2:

This office unit Menara RA: https://www.lelongtips.com.my/property/5895...ur-for-RM199100

Previous Auction(s) for this property
Auction Date Price
2019-06-29 RM226,800.00
2019-06-10 RM252,000.00
2019-05-18 RM280,000.00
2019-04-20 RM311,100.00
2019-03-30 RM345,600.00
2018-06-30 RM345,600.00

Attracted 8 bidders. Sold at 312k.
Why so many previous previous rounds before this no one interested?

Typical pitfall of auction, bidders often carried away by emotion.

Strata title issued. Direct transfer allowed from developer Binastra Land.
Owner occupied unit but hand over professionally:

Find out who the developer is and call them. They will tell you. They will ask from which law firm etc. Just say some name lah. No one cares. I usually get my girl to call them.

This post has been edited by Thasmita: Jul 23 2019, 07:26 AM

Emotions.

Owner should b able to sell off at this price instead of auction.

Believe they tried at market price.

Attracted 5 bidders just now. Sold at 640k. Hahaha.
When price drop too cheap, will jack up past last month reserve price.
Last month only at 607k but nobody interested.

Looking for Fennel / Rainz

Looking for fennel

Market sentiment is improving?
Why they want to buy lelong units when there are many new available from developers with rebate plus incentives from gov?