Another interesting case study to share, as below:
Cheap lelong unit available. Almost at half price now.
Location beside the "abandon" selayang star city

No bidder again. Is this place also abandon as well?
Dirt cheap pricing as below:

A-03-02, Block A, 162 Residency
Reserve price🔥🔥RM 159,600🔥🔥
Leasehold
965 sqft
Auction: 19 Feb 2019 (Tuesday)


Bank value for this unit is at 300k.
Already drop price many rounds.

196k previous 2 rounds before this no bidder.
177k previous round no bidder.
159k today, 12 bidders. Hahaha. Sold at 209k. 

Video of the bid:


Further details of the unit:

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

for rental ok la, no pantang

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

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

Depends on the tenant and what he or she will do with the place.

This one looks like a prime one to convert to be child care or old age care home.
These days once a building has CCC you can't change the address any longer.

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 one looks like a prime one to convert to be child care or old age care home.
These days once a building has CCC you can't change the address any longer.

dont auction leasehold properties , sohai only do that...so dangerous...wait to pay LPI lol

eheheheh.
okay. I know cannot change..
so I wondering how some say just change...

These days once a building has CCC you can't change the address any longer.

Yeap exactly. So subsales with that number typically drop in value. Nowadays the new developments will just have a no. 3a, or a no. 2a

dont care, sendiri change to 2A.

Leasehold/freehold is just about the same for auction except for bank loans (for remaining number of tenure years)

leasehold need to get consent to transfer and consent to charge before able to proceed for the real completion date, and auction only have 120 days to complete....very rush and crazily heavy burden if consent is slow in obtaining especially those with blanket consent and unpaid quit rent assessments etc.

bro, mind to explain more about this blanket consent? encounter this issue

blanket consent is when title is issued but still under developer name. seller never transferred the name from developer to his name, then sold to you. therefore, developer need to apply for blanket consent to remove the earlier seller name to cover it into your name for the consent to transfer.

thats why called blanket...to cover you. but takes time....if auction encounter this thing, then GG !

blanket consent is when title is issued but still under developer name. seller never transferred the name from developer to his name, then sold to you. therefore, developer need to apply for blanket consent to remove the earlier seller name to cover it into your name for the consent to transfer.

thats why called blanket...to cover you. but takes time....if auction encounter this thing, then GG !

normally take how long? as im in middle third month already. i ask lawyer, lawyer say is depend on developer. sometimes developer get the letter approval, but they can purposely delay...

Plus if the developer doesn't allow direct transfer to you.
You will need to pay stamp duty twice.
For the ex-owner and then for your own purchase.

Depends on developer, some don’t even help u submit...best u just need to go land office and check ..ask developer get u the acknowledgment receipt from land office then u personally go see the officer, some cakes for them lol....to expedite

normally take how long? as im in middle third month already. i ask lawyer, lawyer say is depend on developer. sometimes developer get the letter approval, but they can purposely delay...

leasehold need to get consent to transfer and consent to charge before able to proceed for the real completion date, and auction only have 120 days to complete....very rush and crazily heavy burden if consent is slow in obtaining especially those with blanket consent and unpaid quit rent assessments etc.

Mine took 5 months + and lawyer say may be can complete by next month