Economy collapse from nuclear war or Ebola outbreak?

maybe 8dec riot which currently hot topic in fb?

There has been a change of gomen if you don't realize.

This is how you win a lelong unit in style when you literally got unlimited budget.
No ceiling / cap limit for him.

Strata title issued. Vacant unit.
P-02-07, 2nd Floor, Seri Maya Condominium (Phase 1)
Reserve price 🔥🔥RM422,820🔥🔥
1179 sqft, 1 Car park
Freehold

Video of the bid:




p/s: Last month reserve price was 488k. Go ask him why last month didnt bid and able to win without challenge.

Interesting

Most of the time these bidder are orang dalam that works for either the auctioneer or bank. When nobody register for bid there will be nobody bid for it.

U want to proof it's pretty simple, register and just go bid one time. Most of the time the person who won it will forfiet it and come out again.

If internal auctioneer ppl won it pakat with bank,no need forfiet deposit and just reauction again only la since it's own ppl

Win win for auctioneer and bank but lose for bidder

If what you say is true then we should see the same unit coming back again sometime later, right ?

if only the fake bidder won at the end.

his role is to drive up the price for other bidders to fight it out. I don't think his duty is bid til win.

He does not know the real bidders' upper limit. He can only guess.

But look at video, this guy did not show any reservation at all. He bulldozed right through. Looks like real bidder with gaya to me. LOL.

No bidder yet again. New price as below.
For bumi only.

C1-11-5, Block C1, Cyberia Smarthomes
Reserve price 🔥🔥RM266,900🔥🔥
2266 sqft
Freehold
Auction: 21-Dec-2018 (Fri)
*Unit occupied by tenant.

Owner pandai (for now anyway). Collect rental and don’t pay installment?

2266 sf at rm267k, damn good candidate for student rental. Quite impossible to lose money on this.

If bumi, just buy, no need second thought.

This post has been edited by puchongite: Dec 6 2018, 11:26 AM

ini abam rimau ni.my lelong agent too last time.got style eh

if not wrong, it been remind in koyak condition? duplex without staircase? fully partition a lot room to fetch better rental income? also how many tenant now and izit is blackie tenant? single tenant per month $200 also tenant le😅

well no deny the price is very attractive

double post

Affordable homes now slowly entering the lelong market.
Investors not qualify to apply RUMAHWIP, RUMAH SELANGORKU, PR1MA, PPA1M? Need to find proxy, use other ppl name to apply?
Now worry no more. You can legally collect stock up those affordable houses via the lelong market. All under your name.

A-21-16, Residensi Pandanmas (RUMAHWIP)
Reserve price: 🔥🔥RM 280,000🔥🔥
Leasehold
850 sqft (no balcony unit), 1 car park
Auction : 13-Dec-18 (Thursday)




C-33A-07, Block C, Residensi Pandanmas 2 (RUMAHWIP)
Reserve price 🔥🔥RM350,000🔥🔥
900 sqft
Facing swimming pool & pandanmas 1 block
Leasehold
Auction: 21-Dec-2018 (Fri)




A2-17-03, Residensi PR1MA Alam Damai
Reserve price 🔥🔥RM 390,000🔥🔥
Leasehold
995 sqft
Auction: 28-Dec-2018 (Fri)





A-06-23A, 6th Floor, Block A, Masreca 19 (RUMAH SELANGORKU)
Reserve price 🔥🔥RM 290,000🔥🔥
850 sqft
Freehold
Auction: 28-Dec-2018 (Fri)





B-3A-10, Pangsapuri Asteria, Bandar Parklands (RUMAH SELANGORKU)
Reserve price 🔥🔥RM 207,000🔥🔥
Freehold
850 sqft
Auction: 19-Dec-2018 (Wed)



......more to come.

This post has been edited by AskarPerang: Dec 10 2018, 11:12 AM

Maybe there is a condition that the buyers have to still fulfill the whatever requirement ?

Otherwise this will be an obvious loophole. Will the auction buyers still be subjected to rules such as cannot resell within x number of years ....

Nope. Anyone can buy from auction.
But if the unit is a bumi lot, will still follow bumi quota.

This is the only available loophole investors can collect low cost property in their portfolio. And they are willing to bid above market price in lelong.
Now RUMAHWIP, RUMAH SELANGORKU, PR1MA, PPA1M will join this loophole.
Coz under normal subsale, they are not qualify to buy.

Future reselling of the property back again got no info. Need to check with local authority.
Bank just want to recover back their loss.

sorry i dont really get
1. bumi lot lelong. bumi buyer can bumi lelong ynit?
2. rumahwip, ppim, prima if bumi lot. only bumi kat buy lelong unit. but they can sell to bumi only. the only good thing it can sell at any time. it is correct?

1. bumi lot lelong. only bumi buyer can buy.
2. future reselling of the property back again got no info. need to check with local authority.