Only experienced bidders are willing to make deal.

Hi, just asking for opinion. Do u guys think this is a good property to bid?


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Things will be always cheap for a reason.
One of the oldest high rise in Cyberjaya.
Old property you try to get from lelong, always need to bear in mind unit inside condition will be the worst coz you are not able to view inside.

Anyway for this unit, got some history. MSS got photos of the unit inside condition. A non bumi bidder won it at 400k (last year in 2017) but later only found out that the unit is a bumi lot. So this unit re-auction again and drop till the price you see today.

Refer here: https://forum.lowyat.net/index.php?showtopi...post&p=87830447

This was my post back in Jan 2018.
The gap is too long. From 366k to 299k will only take 2 months time only. So I suspect someone must have won it again but yet again fail to transfer.

So this unit successfully sold twice, but still stuck in the lelong market today.

maybe got people willing to reno everything back to normal?

Additional info. The unit is currently occupied by tenant.

Cannot transfer from bumi to non-bumi this property value to continue to drop until there is a bumi own stayer come by.

Secondary sales is almost 100% non-bumi.

This post has been edited by puchongite: Nov 21 2018, 09:43 PM

Johor factory. Reserve price: 1.62M. 15 bidders.
Orang johor banyak kaya.

Any good one? I lost track, just too many to focus.

Reserve price: 1.62M. 15 bidders.
wow just wow.. who said property market is weak

Too many choices. Depending on where you think got potential.
If you think Puncak Alam, Rawang or Bandar Tasek Puteri, Semenyih good to invest, then can hunt for landed houses there.

Most lelong unit can get fairly new units at below initial launching price. Some even brand new untouch condition.
That's the trend currently.

Sign agreement in Jan 2018.
Enter lelong in Dec 2018.


Green Residence. Bought after project completion. Developer units.
Probably this owner just grab the cash back and run away. Never make a single loan repayment.

Nice thread

many developers are crxok....listed main board worse still....they deal with "the underworld" to sell their units
thus u will see this ....unheard off right?

This post has been edited by Donald Trump: Nov 22 2018, 05:58 PM

Can share more info on how they do it? Kamsiah.

Please tell us more. It's juicy and I want to know.

u know what is do "Yen Tao" in cantonese.....if no go ask around

the property bmv 40% with the malay advise like no relatin at all?

Attracted 10 bidders.
Sold at 1.84M, higher than last month reserve price.

10bidder for luxury? bbb mode le, where the prediction economy colapse 2018/2019?