I agree

End of the day, money talk

Perhaps aksarperang was comparing 300k to 500k max products.

woh.. surprisingly auction thread is so active.
Kinda sad to see the market so bad now.

Will visit here time to time to learn something, and if possible maybe fetch up some good deals if i were to visit auction

for own stay purpose, there are some good deals in the auction..
but for investment..maybe not so..

Anyone here investing in Johor or Penang Property? got any advise?

why no good for investment? buy low and sell high. good yield if for rental income too
there r many good property /location there , many auction due to owners over leverage.

In KL Mayb but not the case with Penang or Johor property. Alot is depending on holding power.

Market value doesn't mean selling price..also depend on demand
yield maybe so so for those new vp due to high maintenance fee
for good yield have to look for those low cost flat/ apartment

Market value doesn't mean selling price..also depend on demand
yield maybe so so for those new vp due to high maintenance fee
for good yield have to look for those low cost flat/ apartment

Anyway to check what was the winning bid on a particular auction property?

No way to check i think..
Call to auctioneer, you can check the status only..sold or no bidder
They won't tell you the winning bid

VIP account of famous lelong website able to check. But sometimes not all units updated and some units also wrongly update. If you call auctioneer, you definitely need to know the auction date and lot number if got many units auction on the same time.

Auction property can be finance?
Where can check the auction properties?

1. Yes, can be financed. Max 90% with minimum 10% cash for transacted price

2. Few places. Read earlier thread for better idea and more info.
https://www.lelongtips.com.my
http://www.auctionlist.com.my/auction
https://www.ngchanmau.com

This post has been edited by petirbuas: Sep 18 2018, 02:07 PM

Only if you can sell high. Sometimes there are reasons why the property ended up being auctioned.
If you're buying auction units solely investment then you should know what you're doing in that market

This post has been edited by Quang1819: Sep 18 2018, 03:50 PM

parking

In lelong,
Hot property wont be cheap.
Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there.

Example, lakepark residence. Rental market just RM1500.
Developer launching price last time 650k.
Lelong price can get at 400k. Will still bleed negative cash flow.
So is only good for own stay.

Another example, alam sanjung. Rental market just RM1200.
Developer launching price last time 400k.
Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay.

Seems many lelong properties these day...

Lelong units are the worst for ownstay.

You dunno what you will get....inside the unit lagi tak payar cakap.

If extremely lucky u get a brand new unit. If not.....

Why want to treat your ownstay with such uncertainty?

Low cost flat/ medium cost apartment able to get positive cash flow
For high end condo, only can consider if the price is right.

Friend recently bought 2 lelong

90k, rental RM650
360k, rental RM2900

Both examples above: brand new virgin condition unit.
Can see the exposed wiring, nothing being fitted.
Is exactly the same like buying leftover developer units.

Is the new trend. Even you can find lelong house keys still with developer. Nobody come and collect yet.
Example: Galleria Equine studio auction last week below 200k. Below launching price.