if got few missed payments then the unit go to lelong, then consider bankrupt already? or after lelong, the price not enough to cover loan, then only become bankrupt?? why lelong not allow ppl to view the unit??

perhap lelong is between buyer and banker which they don't have the unit ownership yet?

Buy with cash is the safest for cases involving double transfer.
The auction bank just want the remaining 90% amount within 90/120 days.
So cash buyer can settled that amount and then take their sweet time to complete the title transfer process.
Got 1 particular bank that is very strict in granting any extension period.

Here's a case study. This is a freehold project. Do not assume freehold project the developer will allow direct transfer. Nope. All depends on the developer. Some charges small amount of admin fees if required direct transfer (still okay when compare VS the cost and time involved going through double transfer process).

This unit sold twice and yet both time the buyer need to forfeit as not able to complete in time.



History in summary:
Jan 2019 - no bidder
Feb 2019 - no bidder
Mac 2019 - RP 131k - sold
but fail to complete transfer
reauction in Nov 2019 - same RP 131k - no bidder
Dec 2019 - RP 118k - sold
yet again fail to complete transfer

Here in Jun 2020 - reauction again at same RP 118k: https://www.lelongtips.com.my/property/6206...or-for-RM118200

Getting cheaper.
The bidder shall take personal loan to settle it instead of forfeit.

Wanna ask

If a commercial strata property, bumi lot.. go lelong
Chinese bidder win

Any issue on transfer  ? Just pay back the bumi discount based on the buyer purchased price?

Sorry, what is DOA?

so bottom line better find full time agent lelong and not  part time agent lelong isit bro?

or how?

SB1-28-06, D' Sara Sentral,
Reserve price: 🔥🔥RM 386,370🔥🔥
Leasehold until 2112
855 sqft (dual key unit), 2 car park slot
Auction : 18-Jan-2020 (Sat)
*Occupied unit (no info who staying)

Attracted 2 bidders.
Sold at 410k just now.
Good catch. 

Correct me if I'm wrong but:

1) In Freehold, there is no restriction of bumi lot / non-bumi lot.. anyone can buy/bid for freehold properties?

2) For lelong, does the 3rd property purchase @ 70% loan cap is still applicable?

The same unit is still under lelong

New details as below:
A-30-2, 30th Floor, Block A, Residensi 357
Reserve price 🔥RM 380,000 🔥
Leasehold
1000 sqft (dual key unit)
2 car park slots (but tandem arrangement)
Corner/end lot unit (swimming pool view)
Auction: In Jan 20 before CNY (date TBC)
*Non bumi lot
*Occupied unit (possible owner staying)

Unit sold at 388k just now.
Cheaper than launching price.
Good catch.

T1-17-09 sold at 460k today.
Won by this famous guru.


Anyway, as expected the low floor unit no bidder.
Updated details as below:

T3-01-06, Arte + @ Jalan Ampang
Reserve price 🔥🔥RM 403,893🔥🔥
Leasehold until 2113
1021 sqft with private lift lobby area
Auction: In Aug 2020

lol if he can sell the unit at 1m price, i eat vege 2 years. not really earn 540k

Hm.. Technically it is 2+1 rooms... Another room is without window.. Looking at layout.. Easily can add another 2-3 rooms with windows for sublet strategy.

Be prepare for maintenance fee up by 50% when the defect period is over... 8+1 lifts for each block with about 350 units...

Actually what's the issue of arte plus ampang? Why no ppl want to buy ah

2 lelong unit available at cheap price.
Details as below:

L-3-3, 280 Park Homes
Reserve price: 🔥🔥RM 640,000🔥🔥
Leasehold
4370sqft, 4 car park slots
3 storey with garden
Facing club house facility
Auction date: 29-Aug-2020 (Sat)
*Vacant unit