Heyyy....u bought it at wayyyy below MV...bayar laaaa

Too many grey area before deciding to buy one..

U wouldnt know whether it is way below, below or just match mv unless u factored all these.

that is why need proper study before enter to bid. It's fool to enter and bid blindly.

Does anyone know if there have been any rumawips at auction yet?

Would the bidder need to follow the income, residency and property ownership guidelines to bid?

Theoretically he/she did not buy it at below MV but at MV price.

Price at auction in some ways are the truest measure of how much a property is worth in the open market.

I don't believe that

Just like low cost units, anyone can buy from the auction market.
But if got bumi quota, will still apply.

Below 300k. Brand new house. KLCC unblock view.

Launch at 300k. Now you can get a unit at below launch price. And no need to be first home buyer to qualify to buy also. Anyone can buy as long as you got the money.

C-33A-07, Block C, Residensi Pandanmas 2
Reserve price 🔥🔥RM283,500🔥🔥
900 sqft
High floor facing KLCC view
Leasehold
Auction: 19 Feb 2019 (Tuesday)
*BUMI lot
*Vacant virgin condition unit



Example view out from the unit (similar facing and height):

will all this goverment housing project potential contribute to auction? i mean get top5 most lelong in 2019?

Must keep my eyes open for a non-bumi unit.

Should work well to do get some rental income out of it and there should be some margins to outsource the rental collection to the neighbourhood ah long.

Those who have lelongtips account better change your password or if you use similar password to all other sites u better becareful.

tempting...but the layout

The view manyak cantik

tempting ...but the mentality...

https://forum.lowyat.net/index.php?showtopi...42&hl=Pandanmas

Another interesting case to share today.
Last month Jan auction at 648k, nobody interested.
Price drop to below 600k today, attracted 14 bidders. Haha.
No point guessing the price end up how much.
Plus this is not the only house from that area available in the lelong market, still got other choices.

bidders got too much money.. likes to fight fight fight

Sometimes ego got in the way haha

You all have been saying "emotional bidding". Sometime it is just purely buyer missed out the previous auction. So, the coming auction is set to have "must win" kind of mentality.

For my case, it is always when the reserved price hit to an acceptable level then only i realised there was already previous auction which no taker.

This post has been edited by z21j: Feb 16 2019, 07:13 PM

normally from reserved pricing, fight til what % consider reasonable? another 5%?

and bank is take reserved pricing to calculate 90% loan amount, or end of the day pricing de 90% loan?

This post has been edited by leodinouknow: Feb 16 2019, 09:52 PM

Bank will take from the winning bidding price.