Good buy...lucky for the buyer that the final price hasn't breached previous reserve price.
Wonder how much is the maintenance fee for such a large unit though.

This unit: http://www.lelongtips.com.my/property/5431...r-for-RM1150000
3 bidders.
Sold at 1.27M.

An auction property's POS document stated - The title is subject to “sekatan kepentingan” where consent to transfer is required.

is it Bumi Lot? as per http://www.halalmoney.my/beza-antara-freeh...nda-harus-tahu/

This post has been edited by nbi: Jun 2 2018, 06:31 PM

JB props. 5 bidders. Dominated by only 1 race.
Bid until exceeded previous reserve price. But a check in brickz, same size unit transacted at 820k before.
Still very cheap in lelong at this final price.

Launch at 1k psf nett (after rebate). Now can get at half price in lelong?

Opening of this unit with plenty of free gifts.
Good catch.

Looks like its a good time to shop for auction props now.. so many choices available

same unit or she bought 2 unit ?

Same unit. And is a he. Won by Dr Ishaq. No idea he bidded for his own or for a client.

Can try Fennel Sentul, sold below purchase price 4years back https://www.brickz.my/transactions/resident...range=2017+Nov-

fuyo... no rental...now the selling price also kena slash....

but dont worry....most of the owners are loaded...every month rugi 2k is sap sap soi....not even enough for their super car petrol...

This post has been edited by bigman: Jun 22 2018, 06:40 PM

Many units rental below RM2500, very bad ROI, FD better, let's wait another 1-2years, I believe many lelong unit to come

https://www.iproperty.com.my/property/the-f...-sentul-6458566

https://www.iproperty.com.my/property/the-f...-sentul-6442305

This post has been edited by m0n0p0ly: Jun 22 2018, 06:57 PM

Just sharing an interesting finding:

A quick search in lelong for newly completed unit that head straight into auction market.
Can see that majority owner got burnt from newly completed property gang is from the late 80s.

Here few example:


Silk Sky, owner born year 1984:
https://www.ngchanmau.com/pos/4188/pos_en?v=1529650908



Lakepark Residence, owner born year 1986:
https://www.ngchanmau.com/pos/4095/pos_en?v=1529651050



BTP 5, Acacia Park, owner born year 1989 & 1991:
https://www.ngchanmau.com/pos/4014/pos_en?v=1529651084



M Residence 2, owner born year 1986 & 1989:
https://www.ngchanmau.com/pos/3939/pos_en?v=1529650797

Semua kiasu...dun want to lose out in the race to becoming instant millionaire, drive conti car and fine dining, overseas trips and etc

The reality is this the budget for tenants who are looking to rent in Sentul.

If you have higher budget say RM4K you probably will go for more upmarket location. It doesn't mean owners couldn't get it but i think for RM4K rental the tenant will expect better furnished unit and not the above.

My personal view despite the iconic facade, the unit is pretty bare and only appealing for own stayer who want to personalize the ID. However for landlord who buy for let, it can be costly to ID the unit tastefully. especially if you go for fully furnished renovation.

Above sample definitely will not command above RM3K rental.

Locarion location location

Not

Iconic iconic iconic

And govt is mulling to make it easier for rakyat to get housing loan. For me, the criteria of getting a housing loan is pretty fair today. If it is further loosen, this will happen.

end of the day is your property game. For developer, they just want to maximize the profit of the landbank

It will be interesting to see the next residential offering in Sentul East and West.

Wow..this buyer really queue up overnight and bought for fun! never expect this condo will sell below developer price!

I believe developer developer developer..good developer always can turn shit into gold..they must have clear direction to their masterplan, of course timeframe as well..if this location let other developer like Sunway develope it, today wil be different story..never dare to touch ytl property as they never have clear direction to their masterplan and timeframe to complete the whole township, their project appreciation damn low also..ppl buy their project is gambling and blind worship

It got nothing to do with developer.

Tamarind and saffon registered 3 fold price appreciation.

Fennel just launched at the peak and now suffered the low.