when will start online bidding?
i check govt elelong sit...still empty, no listing

Already started.
For high court auction, at Kuantan can bid online now.
For public auction, most auctioneer such as Ng Chan Mau, Leong, Ehsan, all able to bid online now. Only Property Auction House not offering online bidding yet and few other smaller auctioneer.

Later of I top up loan, can get up to 90% of mv?

If you already got 2 active housing loan, by doing top up loan later also will be up to 70% of bank valuation only.

Ah long cannot borrow one. Must pay to "rent" them.

Rates are between RM300-1000 depending on what you need done.

"surcharges" apply for Indian with "underworld" connections, some ah longs won't touch them, civil servants especially those with uniform and some may charge you up to double if it is not in their usual area of coverage.

They aren't that difficult to find.

This house lelong today: https://www.lelongtips.com.my/property/5720...or-for-RM313470
Reserve price RM313,470.
Owner still occupy house.

Take note that last month reserve price was RM348,300, no taker.
6 bidders. See the final price.



Lol sorry unfinish video.
Sold at:



This post has been edited by AskarPerang: Feb 26 2019, 12:36 AM

dear sifus,

can i know if 3rd party able to bid on behalf on another owner?

cheque may on owner's name but bidder is 3rd party.
if the property won by him, then any other concern?
or owner himself need to be there?

please advise.

Yes. Typically would be a lawyer/agent, but with nomination letter

You dont have to be there. Yes, can bid on behalf.
You can authorize anyone to do that. Just need to sign on letter giving authority to the person. And pass a photocopy of your I/C.

And is a banker cheque. There is no originator name on the cheque actually.
If you trust that person, can even ask anyone to do on your behalf provided money is in the bank.

thanks sifus. meaning authorization letter and also, banker's cheuque with the auction company/bank on it right?

Banker cheque details as per stated in the Proclamation of Sales. Will be clearly stated in the POS what you should write.

The unit I'm looking at, has digital lock. So, if I were to buy this. Wouldn't I need to change the digital lock, and request new access card from management?

This add on to the uncertainty of the unit internal condition right?

Lets say the market price now rm450k. The reserved price for this unit is rm370k (2nd auction). Is it worth the hassle actually? It's a new project under 3 years.

How long the overall procedure will take until I move in?

Is there any service to auction or bid the house as I'm no good with the procedure?

Huh..
Final price is higher than the last round reserved price..
What the bidder thinking off???
Should have kept it at minimal near to reserved pricing... To get maximum value 😎

Maybe last round he forgot about the property or maybe he just recently start looking for a place and last round auction was already over. :/

Anyways, Semi D in SS14 selling at a damn low price.

Property Type: 2 storey Semi Detached House
Property Name: Subang Jaya
Unit type: Intermediate lot
Location: SS 14, 47500 Subang Jaya, Selangor
Tenure: Freehold
Land Area: 45’x90’= 4,050 sf
Built Up Area: 2,800 sf
Layout: 5 Bedrooms, 4 Bathrooms, 2 Car parks
Next Round Reserve price: RM 1,181,700
Market value: RM 2,000,000

This looks kinda interesting and will get a certified "GREAT CATCH!" from Tupai.

Special Note: House address No 4, Jalan SS 14/5A

This post has been edited by Harry_Bobinski: Feb 27 2019, 09:34 AM

Hehehehe..
No wonder its "great catch"..
U see the house address
Many die die won't buy it 🙍

for rental ok la, no pantang

come on.. can request change to "2A" de la.

Unfortunately old house, can't change the number already -.-

how old we talking about here

Any subsale, basically can't change the number unless bought from developer. This is as far as I know. Not sure about the jalan belakang