Good and informative post!

It sold to who?
Then how the previous owner?

yea
and got godiva + hotel style buffet

Yes. House kena lelong but still can live larvishly some more. Now no house to stay.

Just infront of LRT station

1st floor Office@ Bandar Puteri Puchong

1679sf, ,Freehold, Near LRT station
Auction reserve price: RM453K
Closing Date : 27th September 2019


kesian owner

The second floor is occupied by wholesale clothes company. Only his unit not tenanted out at all before. Maybe he just let it go and want to forget this nightmare purchase. Be it sold at how low price in the lelong market.

If 2nd floor is tenanted likely mean the first floor owner was adamant on rental amount.

If the bank is to recover shortfall from him, his nightmare is just started.

This post has been edited by icemanfx: Sep 12 2019, 02:24 AM

he didnt manage well maybe , or put effort on it .

total damage RM187k (past 6 yrs installment)
and RM650k - RM453k = RM167k
total RM354k damage

pain

Plus legal fees, penalty interest, auction fees, etc.

This post has been edited by icemanfx: Sep 12 2019, 04:53 AM

this is cos they owner is out of cash to make payment on lelong property?.. or once property goes into auction there is no u turn?
why beg? just curious

Very short sighted solution. Temporary. Buy more time maybe.
Coz if really all kesian him and decided not to bid. His property will be saved until 1 more round (next month) but with further 10% drop in price. That time surely will attract even more bidders.

5 bidders. 2 decided not to bid. Only 3 bidders fought it out. If without the owner presence, most probably the price will ended up much higher. I heard got buyer willing to bid till 350k.

So the owner attempt actually backfired in the end. Didnr bring him any gain.

So the owner just made a loss of 26k by coming to beg ppl for not buying??

he buy on speculation... how come he blame all... police, custom, municipal but not himself
at least blame the pub and brothel owner la ...

more than that ,

if the owner didnt come kacao , maybe 2nd or 3rd round already sold

and now sold at 5th round

What reason could drive the owner to do this? Doesn't know the consequences?

This post has been edited by MGM: Sep 12 2019, 02:06 PM

maybe wan do whatever to stop bank to auction his unit which is not possible to happen

This post has been edited by Hunakadoo: Sep 12 2019, 11:31 AM

Largely due to peers pressure, many are living beyond their means.

rm400k loss

Invest within means... Hope this owner can come back up.

Sad reality