https://www.lelongtips.com.my/
VIP account. but not all past auction results will be stated, and sometimes even got typo in the price just like in brickz.

Yes, that's the recent one. The news reported on that night auction.

In Dec 18 reserved price RM185k. No bidder at Sban High Court.

Next coming auction also RM185k reserved price

Wondering why no reduction in price.

Is this considered cheap? Seems a bit pricey

Foreigner can only buy RM1 mil and above so no difference for this buyer

Got foreigner want to buy, so property isn't too bad lar.

Once again ppl never learn lesson.
5 bidders. Emotional bidding.
Guess end up how much?

mebe got tactic by insider to trap ppl ?

Maybe interested bidders are all waiting for the price to drop further before lauching attack. Didnt realise that all bidders think alike. When come auction day, emotion over ride logic.

that normal, u can say easily u r calm and being logic, but once u r at the auction hall, u will panicked and eager to win the bid, that's why sometimes auction can bring up the price if there are few bidders.

the auctioneer should be more aggressive, too weak & noob in handling auction, should have tease them up so that the bidders are triggered to raise the bid much more further

430k not really worth it. 800 per sqft. What for look at lelong.

Good to know many people still have money to buy high.

Those have money are likely to buy from auction than subsale or developer.

Property auction is probably the closest to stocks, gold, btc exchange, where price is transparent.

This post has been edited by icemanfx: Jan 25 2019, 06:17 PM

Wow! 1M

Many rich people want to preserve their chi.

If anybody wants to share lelongtips, auctionlist or brickz with me, please pm me.

I am willing to pay or pay upfront first. Spread the costs for us normal people

where is cheap, where everyone go

Even if you won the auction bid, you would still have to pay for legal, stamp duty etc. I see some properties are with the reserved price even higher than the open resale market. And when buy from resale, agent would at least help follow up. Whats actually make the people so enthu in auction properties....

Auction is only worth while if significantly cheaper than market price. Hence, many foreclosure went through a few rounds of price reduction in reserved price before it is sold.