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

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.

Tomorrow going for auction for first time. Have some questions.

I bought bank draft for the auction. Let say, 1 hour before the auction, I have a change of heart due to whatever reason, will my bank draft be forfieted by the bank?

I registered through an agent (auctionlist.com.my) for this auction.

thanks again @AskarPerang.

What should I do after I successfully bid for a unit? The before and during auction are kind of well documented in Internet and also book that I read.

But, the steps after I win? Do I go to lawyer first, bank for loan, or developer, or other things first?

Can you shed some light. many thanks first.

Tomorrow going for auction for first time. Have some questions.

I bought bank draft for the auction. Let say, 1 hour before the auction, I have a change of heart due to whatever reason, will my bank draft be forfieted by the bank?

I registered through an agent (auctionlist.com.my) for this auction.

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

thanks again @AskarPerang.

What should I do after I successfully bid for a unit? The before and during auction are kind of well documented in Internet and also book that I read.

But, the steps after I win? Do I go to lawyer first, bank for loan, or developer, or other things first?

Can you shed some light. many thanks first.

Haha these days the more famous the developer the less profit u make.
For own staying, yes, you should choose the best developer u can afford
But for invest, the biggest developers always charge a premium that there is "no meat left" for appreciation.

Thanks.
Will do.
I hope I done my DD enough.

Title search - done. Unit is under master title as just VP last year.

Property check - done. It is empty condo unit (sine no grill installed).

Stalking - done. Curi curi see the mailbox. There is outstanding of cukai pintu around 1.6k. Tnb water bill not able to see. Went there few nights, no light at night to indicate it is occupied.

Engage agent - outstanding due to cukai, maintenance fee and above etc, total to 9.6k. Based on POS, some I will have bear. Some can claim.

Background check - done. No dispute with developer.

Cash - aside from 10% (reserve price 375k) bank draft, prepared another extra 40k for legal, outstanding. Still have 30k cash in FD as standby + 300k in share (share needs sometime to dispose if need to utilise)

Loan - dint check with bank but check my CTOS. No blacklist. Score almost full. Have 1 housing loan + car. Loan to gross income is around 20%. I think I should be eligle for loan without issue. Hmm. Intend to finance via loan.

Since first time, don't know what to expect. Btw, only plan to buy if I can get at reserve price or 1 or 2 bids above.

Anything I left out. Sifu please advise.

It is non bumi lot. Actually it was owned by a  Chinese Singapore couple (joint name). Based on the POS. advise I received from auctionlist, there is no issue. Hmm.

This is 5th auction . First auction which is usually the market value was 670k.

Currently, developer selling balance new units (still have 5-6 units) at RM540k.

Original buyer, if not mistaken, they bought at nett 650k during launch few years ago.

I wonder if a successful bidder somehow unable to proceed it. can he/she pass the auctioned property to other?

Any registration done with "agent" is not counted, is not valid actually.
Real actual registration need to be done 30 mins before the auction start, that's the usual cut off time.
You need to submit in your banker cheque in.

If you are still in doubt, then just dont submit the cheque in, that's all.
Don't worry you wont be black listed coz you havent even register at all in actual fact.
p/s: unless is an online bidding. current new trend now. then yes, you must register before hand to entitle to bid via online.

Attended the auction.
Dint win. Price is above 4th auction's price. I decided not to proceed.
Total 7 bidders (3 were ahem bidders).

Final price was 446k (reserve price 375k). Around 90k cheaper than developer 540k (developer unit is partial furnish with kitchen etc).

It is non bumi lot. Actually it was owned by a  Chinese Singapore couple (joint name). Based on the POS. advise I received from auctionlist, there is no issue. Hmm.

This is 5th auction . First auction which is usually the market value was 670k.

Currently, developer selling balance new units (still have 5-6 units) at RM540k.

Original buyer, if not mistaken, they bought at nett 650k during launch few years ago.

Attended the auction.
Dint win. Price is above 4th auction's price. I decided not to proceed.
Total 7 bidders (3 were ahem bidders).

Final price was 446k (reserve price 375k). Around 90k cheaper than developer 540k (developer unit is partial furnish with kitchen, cupboard etc while auction unit empty).