Not this unit or this floor level but is at Kiara Jalil 2: https://www.nst.com.my/news/2016/08/169733/...jalil-apartment

p/s: sorry not murder case but suicide case

This post has been edited by AskarPerang: Mar 19 2019, 03:55 PM

Another example of buyer market is back.
This house got caveat being placed also attracted as many as 30++ bidders.
In seremban. 1 storey house.
From Reserve Price of 90k, sold at 170k.

A continuation of the above story here:

No taker last month.
This unit drop to RM 248,700 today: https://www.lelongtips.com.my/property/5760...or-for-RM248700

Guess what? End up sold at 300k just now.

Last month everybody tido?

Normally to use LPPSA (government loan) to buy lelong property, people will say must get from LPPSA auction. Normal bank lelong unit cannot meet the time.



But the above statement myth that normal bank lelong unit cannot use LPPSA (government loan) seems like no longer applicable.
LPPSA loan process is faster now, no longer like before.
And yes, able to settle within 90 days.
Real case study. Maybe mhs87 able to share his experience.

Yes correct. Either you buy with full cash.
Or keep on requesting for extension while in process to remove the caveat, will be charged penalty for each day lapse. But take note that not all banks will give such extension. There are well known few banks that will not allow any extension at all.

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.

Guess what.
This lelong unit sold. At first auction = bank valuation = subsale price.
Wow. Very very rare this thing happen in today's market. People willing to buy from auction rather than via normal subsale process.
Is a brand new condition unit. Owner did nothing at all.

Anyway congrats to all Elmina Valley owner.

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.

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.

Need to pay. Is the same like subsale purchase.

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

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

Low cost flat walkup highest floor.
Won at below 50k, unchallenged single bidder win.
Tenanted monthly RM500.
Wow.

Reserve price started at RM4.8k only.
End up attracted 30 bidders just now.
Results sold at, as shown below:



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.

Here, of course investors not qualify:

📍Warganegara malaysia berumur 18thn ke atas bermastautin di Negeri Selangor atau kawasan lembah kelang

📍Jumlah pendapatan seisi rumah ditetapkan tidak melebihi 5K, sekiranya hartanah melebihi 150K ke atas tidak melebihi 6K

📍Pembeli dan pasangan tidak pernah memiliki sebarang rumah di Negeri Selangor atau kawasan lembah klang (Pendek kata untuk First House Buyer shj)

Haha. Another classic example. Everyone wait for further price drop.
And price end up back to last year pricing.

History of this unit:
2018-10-26 RM169,000 - no bidder
2018-11-27 RM152,100 - no bidder
2019-03-25 RM123,201 - no bidder
2019-04-25 RM 110,881 - sold at 158k



This post has been edited by AskarPerang: Apr 26 2019, 09:17 AM

Hot property is still highly sought after. Even 10% cheaper than subsale also people buying now.

Example:
Rainz Bukit Jalil by Exsim:
Unit #1: https://forum.lowyat.net/index.php?showtopi...post&p=90991069
Unit #2: https://forum.lowyat.net/index.php?showtopi...post&p=92419466

High end condo at Sunway:
Unit #1 & 2: https://forum.lowyat.net/index.php?showtopi...post&p=92497678
13 bidders. Many rich buyers in the market still.
Tomorrow see this unit sold at how much: https://www.lelongtips.com.my/property/5781...or-for-RM792000
Subsale 860-880k can get same size unit. And is only 10% cheaper.

I-City, Shah Alam:
Unit#1: https://forum.lowyat.net/index.php?showtopi...post&p=92506493
At only 10% cheaper. 2nd round auction. Need to side deal pay other bidder also.


Why people dont buy through subsale?
I guess main reason is owners let go no longer bother about their property anymore. Maybe to find agent to help sell also they are lazy to do it.
So just let the bank auction their house a more direct straight forward approach.

This post has been edited by AskarPerang: Apr 27 2019, 08:26 AM