Where and how do I get the latest info on upcoming auctions? Is there a site that I can refer to?
This post has been edited by musclemass: Oct 15 2017, 11:33 AM
Auction properties
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 Oct 15 2017, 08:40 AM, updated 9y ago
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Oct 15 2017, 10:15 AM
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68 posts Joined: Nov 2009
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lelongtips
or just PM me with you budget and area of interest. |
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Oct 15 2017, 12:31 PM
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QUOTE(musclemass @ Oct 15 2017, 08:40 AM) Where and how do I get the latest info on upcoming auctions? Is there a site that I can refer to? never buy auction if u dont have experience and skill require....dont have cash as much as ur bidding price better dont touch many agents other place cannot make it now getting comm from bank to push buyer bid....later many problems is not their problem This post has been edited by Donald Trump: Oct 15 2017, 12:33 PM |
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Oct 15 2017, 12:55 PM
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QUOTE(Donald Trump @ Oct 15 2017, 12:31 PM) never buy auction if u dont have experience and skill require....dont have cash as much as ur bidding price better dont touch Prepare rm100k cash for contigency. Later outstanding maintenance fees rm50k + rm50k for others payment. many agents other place cannot make it now getting comm from bank to push buyer bid....later many problems is not their problem  |
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Oct 15 2017, 01:32 PM
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All Stars
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QUOTE(CK15 @ Oct 15 2017, 12:55 PM) Prepare rm100k cash for contigency. Later outstanding maintenance fees rm50k + rm50k for others payment. Read the term and conditions. Some bank cover fully all outstanding cukai, maintenance fees, sinking fund, fire insurance and late charges penalty. Usually foreign bank like Hong Leong, SCB, Citibank very generous and will cover all. AmBank cover partial. Only maintenance fees will cover. Sinking fund and cukai need to own pay. PBB cover the outstanding with a limit cap base on the value of the property. Utilities bill you need to pay. TNB, SYABAS, Indah Water. There are ways to check. Your 100k statement is wrong. It is too general. Mostly will be the same cost involve like buying from subsale. Here I put down the cost: 1. 10% dp of the final winning price. rest 90% using loan or (70% loan + cash) 2. Legal fees for DOA & Loan Agreement. (lelong no S&P so legal cost will be slightly lower compare to buying from subsale). 3. Stamp duty (MOT & Loan). 4. Valuation fees. 5. Outstanding utilities bill. |
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Oct 15 2017, 01:47 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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This is what you called hit jackpot. won at 379k single bidder. 4th re-auction. Drop from first auction pricing of 520k. Subsale price 550k - 600k.
Example only. It will not be all rosy. Just google search the story someone found a dead body in the fridge of the lelong property he won in Mont Kiara. Many many years ago. |
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Oct 15 2017, 02:20 PM
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Although some banks will cover those fees, normally successful bidder will have to pay first then later bank will reimburse back. Make sure your solicitor knows how to deal with auction cases, if the solicitor didnt claim from the bank within the stipulated time, then gg
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Oct 15 2017, 02:24 PM
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Deleted post
This post has been edited by winner: Oct 15 2017, 02:24 PM |
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Oct 15 2017, 02:26 PM
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#9
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QUOTE(Fat3Twister @ Oct 15 2017, 02:20 PM) Although some banks will cover those fees, normally successful bidder will have to pay first then later bank will reimburse back. Make sure your solicitor knows how to deal with auction cases, if the solicitor didnt claim from the bank within the stipulated time, then gg Exactly true. Some banks may take many months to process reimbursement. Successful bidders have to use their money to settle the outstanding charges first. |
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Oct 15 2017, 02:26 PM
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QUOTE(Donald Trump @ Oct 15 2017, 12:31 PM) never buy auction if u dont have experience and skill require....dont have cash as much as ur bidding price better dont touch commission will be paid by the bank to the agent of the winning client. many agents other place cannot make it now getting comm from bank to push buyer bid....later many problems is not their problem got some agents will still ask the client to pay the commission even if lost the bid. some agents charge for to give you the auction POS. my service is free of charge but some client will still pay me to cover the petrol money and effort after losing. not that i insist them to pay. I will help you settle up to the point of evicting the tenant out if the unit is tenanted. newcomer better choose and select a good agent. not all agents are bad agents that only want you money. |
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Oct 15 2017, 02:29 PM
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Another cost to consider - eviction of tenants, if the previous owners/tenants refuse to move out.
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Oct 15 2017, 03:26 PM
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Ah you guys make it sound difficult. I've never bid at an auction using an agent, wasting money only.
Lelongtips is quite ok, google up the full address as given on the free listing, most of the time you'll find the POS or a link to the actual auctioneer. Otherwise, you can go through auctioneer (not agents) listings here; Credit Ibrahim Khalil's FB http://auctions.com.my ⏩http://www.jtraj.com/ ⏩http://arenaauctioneers.my/home/ ⏩http://www.leongauctioneer.com ⏩http://cahaya-auction.com ⏩http://masterauctionhouse.com/ ⏩http://www.heritageauctionhouse.com.my ⏩http://www.ehsanauctioneers.com ⏩http://www.mnp.com.my/mnp/ ⏩http://www.rsmaniam-auctions.com.my/ ⏩http://www.proauctionhouse.com/ ⏩http://www.auctioneers-sejahtera.com ⏩http://www.ngchanmau.com ⏩www.rajanauctioneers.com ⏩http://www.eszamauctioneer.com/ ⏩http://www.srico.com.my/ ⏩http://www.kenauction.com.my/ ⏩http://swt-auction.com.my |
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Oct 15 2017, 03:34 PM
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QUOTE(jetwash @ Oct 15 2017, 03:26 PM) Ah you guys make it sound difficult. I've never bid at an auction using an agent, wasting money only. For most banks, they will be the one paying the agent the commission money. Not the client. Lelongtips is quite ok, google up the full address as given on the free listing, most of the time you'll find the POS or a link to the actual auctioneer. Otherwise, you can go through auctioneer (not agents) listings here; Credit Ibrahim Khalil's FB http://auctions.com.my ⏩http://www.jtraj.com/ ⏩http://arenaauctioneers.my/home/ ⏩http://www.leongauctioneer.com ⏩http://cahaya-auction.com ⏩http://masterauctionhouse.com/ ⏩http://www.heritageauctionhouse.com.my ⏩http://www.ehsanauctioneers.com ⏩http://www.mnp.com.my/mnp/ ⏩http://www.rsmaniam-auctions.com.my/ ⏩http://www.proauctionhouse.com/ ⏩http://www.auctioneers-sejahtera.com ⏩http://www.ngchanmau.com ⏩www.rajanauctioneers.com ⏩http://www.eszamauctioneer.com/ ⏩http://www.srico.com.my/ ⏩http://www.kenauction.com.my/ ⏩http://swt-auction.com.my If you bid on your own then bank of course will be happy. Save up their cost. And for first timer, it's surely better to use a reliable agent. Not everybody got the time to do site visit, check this and that etc. |
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Oct 15 2017, 10:15 PM
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Ya man, the banks are paying commission, give a chance for the agents to earn their comm. Unless the agents are asking u to pay them extra then you cant just f them off.
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Oct 15 2017, 11:26 PM
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You don't have to pay the agent a single cent, the auction bank will pay them. They just assist you on checking your document and make sure you qualify for the bid. They get nothing if you lose the bid.
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Oct 15 2017, 11:45 PM
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600 posts Joined: Apr 2017
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QUOTE(AskarPerang @ Oct 15 2017, 01:32 PM) Read the term and conditions. Some bank cover fully all outstanding cukai, maintenance fees, sinking fund, fire insurance and late charges penalty. Usually foreign bank like Hong Leong, SCB, Citibank very generous and will cover all. Still confuse if you apply new account for electric, water and undah water, you still need to pay off the previous outstanding bills?AmBank cover partial. Only maintenance fees will cover. Sinking fund and cukai need to own pay. PBB cover the outstanding with a limit cap base on the value of the property. Utilities bill you need to pay. TNB, SYABAS, Indah Water. There are ways to check. Your 100k statement is wrong. It is too general. Mostly will be the same cost involve like buying from subsale. Here I put down the cost: 1. 10% dp of the final winning price. rest 90% using loan or (70% loan + cash) 2. Legal fees for DOA & Loan Agreement. (lelong no S&P so legal cost will be slightly lower compare to buying from subsale). 3. Stamp duty (MOT & Loan). 4. Valuation fees. 5. Outstanding utilities bill. |
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Oct 16 2017, 12:11 AM
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QUOTE(jcts @ Oct 15 2017, 11:26 PM) You don't have to pay the agent a single cent, the auction bank will pay them. They just assist you on checking your document and make sure you qualify for the bid. They get nothing if you lose the bid. What the agent will provide? Site visit, utilities check, infor sharing etc? |
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Oct 16 2017, 02:52 AM
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QUOTE(musclemass @ Oct 15 2017, 08:40 AM) Where and how do I get the latest info on upcoming auctions? Is there a site that I can refer to? This is the latest and got many: https://www.land.plus/malaysia/listings/for-auction NicholasWai liked this post
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Oct 16 2017, 11:03 AM
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QUOTE(Sand Dust @ Oct 15 2017, 11:45 PM) Still confuse if you apply new account for electric, water and undah water, you still need to pay off the previous outstanding bills? Yes, you need to clear the outstanding amount before able to change name. Cannot offset the amount from the ex-owner deposit as well. Cannot cash out the ex-owner deposit. You need to place a new deposit.QUOTE(Sand Dust @ Oct 16 2017, 12:11 AM) What the agent will provide? Site visit, utilities check, infor sharing etc? Depend. Some property need to do title search. Some property is a sure hard to obtain bank loan. Need use liquidator. I will mention this again. Engage a good agent to clear your doubt. Auction is not everyone cup of tea. |
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Oct 16 2017, 11:44 AM
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623 posts Joined: Dec 2006
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Here's what I do before I bid;
1. Google around for auction properties. 2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc. 3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking. 4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1. 5. Go for bidding with a set budget (always below bank valuation). 6. Win - sign contract; lose - return to step 1. |
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Oct 16 2017, 11:47 AM
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QUOTE(landplus @ Oct 16 2017, 02:52 AM) This here is an example of a listing from an agent.Most importantly they won't reveal the address of the auction property, because if they do you'll just google it up and find it on the actual auctioneer website. |
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Oct 16 2017, 11:55 AM
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QUOTE(jetwash @ Oct 16 2017, 11:44 AM) Here's what I do before I bid; simple and easy to understand 1. Google around for auction properties. 2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc. 3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking. 4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1. 5. Go for bidding with a set budget (always below bank valuation). 6. Win - sign contract; lose - return to step 1.  |
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Oct 16 2017, 10:55 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Good sharing to all regarding bank lelong property. Must always check, double check and triple check.
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Oct 17 2017, 12:14 AM
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QUOTE(Sand Dust @ Oct 16 2017, 12:11 AM) What the agent will provide? Site visit, utilities check, infor sharing etc? Basically agent will provide you the details of the auction property. Some auction property, bank will settle the utilities outstanding amount. It depends on the auction property. First auction normally the starting price is 10% off from market price. If nobody bid in the first auction then second auction will lower 20% off. Each bid is 10k increase. |
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Oct 17 2017, 12:45 AM
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QUOTE(jcts @ Oct 17 2017, 12:14 AM) Basically agent will provide you the details of the auction property. Some auction property, bank will settle the utilities outstanding amount. It depends on the auction property. Incorrect info. Bid increment will depend on the reserve price of the auction property. For mass market property price below 200k, increment will be only 1k per bid. Above 200k to 500k normally will be 2k increment each bid. First auction normally the starting price is 10% off from market price. If nobody bid in the first auction then second auction will lower 20% off. Each bid is 10k increase. Only high end property and a few rare court case, the bid increment will be as big as 10k. |
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Oct 17 2017, 12:57 AM
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QUOTE(TaipingTiger @ Oct 17 2017, 12:45 AM) Incorrect info. Bid increment will depend on the reserve price of the auction property. For mass market property price below 200k, increment will be only 1k per bid. Above 200k to 500k normally will be 2k increment each bid. Sorry. I didn't make it clear. I was talking about my own experienced. 10k per bid for 300k over property. It could be higher if auction property is more than 500k. I m just guessing.Only high end property and a few rare court case, the bid increment will be as big as 10k. This post has been edited by jcts: Oct 17 2017, 12:58 AM |
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Oct 17 2017, 02:39 AM
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QUOTE(jetwash @ Oct 16 2017, 11:47 AM) This here is an example of a listing from an agent. Agents may not publish the address but will definitely give when asked coz buyers need to examine the property.Most importantly they won't reveal the address of the auction property, because if they do you'll just google it up and find it on the actual auctioneer website. |
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Oct 17 2017, 08:19 AM
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QUOTE(AskarPerang @ Oct 15 2017, 01:47 PM) This is what you called hit jackpot. won at 379k single bidder. 4th re-auction. Drop from first auction pricing of 520k. Subsale price 550k - 600k. |Example only. It will not be all rosy. Just google search the story someone found a dead body in the fridge of the lelong property he won in Mont Kiara. Many many years ago. Wrong la bro, I read the comment, this is Tiara park home in kajang, u see the toilet exactly what it is like from the picture. subsale home only price at RM360k http://www.propwall.my/classifieds/2557505...or-sale-by-yuki cheapest also got RM325K http://www.propwall.my/classifieds/1409171...le-by-hudsontan if bigger sqf only rm400k only http://www.propwall.my/classifieds/2557512...or-sale-by-yuki Of cos she wanna make it look rosy and all say market price RM600k la blabla bla to make it sounds like she so pro. lol sweat   |
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Oct 17 2017, 08:23 AM
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QUOTE(trust4you @ Oct 17 2017, 08:19 AM) | only one thing good is there is kitchen cabinet installed and all, so still untung for her though. haha Wrong la bro, I read the comment, this is Tiara park home in kajang, u see the toilet exactly what it is like from the picture. subsale home only price at RM360k http://www.propwall.my/classifieds/2557505...or-sale-by-yuki cheapest also got RM325K http://www.propwall.my/classifieds/1409171...le-by-hudsontan if bigger sqf only rm400k only http://www.propwall.my/classifieds/2557512...or-sale-by-yuki Of cos she wanna make it look rosy and all say market price RM600k la blabla bla to make it sounds like she so pro. lol sweat but kajang if RM620MV as she clained why not get a good landed, u could get a landed corner storey lot 3000sqf for RM620K in kajanghttp://www.propwall.my/classifieds/1419383...le-by-na-kumarr |
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Oct 17 2017, 08:43 AM
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QUOTE(trust4you @ Oct 17 2017, 08:19 AM) | Those 300k+ is for 900+sfWrong la bro, I read the comment, this is Tiara park home in kajang, u see the toilet exactly what it is like from the picture. subsale home only price at RM360k http://www.propwall.my/classifieds/2557505...or-sale-by-yuki cheapest also got RM325K http://www.propwall.my/classifieds/1409171...le-by-hudsontan if bigger sqf only rm400k only http://www.propwall.my/classifieds/2557512...or-sale-by-yuki Of cos she wanna make it look rosy and all say market price RM600k la blabla bla to make it sounds like she so pro. lol sweat She bought one is bigger..1483sf, market sell around 500k..still consider jackpot la..100k different  This post has been edited by junbow: Oct 17 2017, 08:45 AM Attached thumbnail(s) 
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Oct 17 2017, 10:47 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(trust4you @ Oct 17 2017, 08:19 AM) | Please understand the word market value or bank value. Of course in today market everyone is selling asking below market value. Nobody able to sell at market value price today.Wrong la bro, I read the comment, this is Tiara park home in kajang, u see the toilet exactly what it is like from the picture. subsale home only price at RM360k http://www.propwall.my/classifieds/2557505...or-sale-by-yuki cheapest also got RM325K http://www.propwall.my/classifieds/1409171...le-by-hudsontan if bigger sqf only rm400k only http://www.propwall.my/classifieds/2557512...or-sale-by-yuki Of cos she wanna make it look rosy and all say market price RM600k la blabla bla to make it sounds like she so pro. lol sweat |
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Oct 17 2017, 12:40 PM
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Senior Member
1,050 posts Joined: Jan 2011
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QUOTE(AskarPerang @ Oct 15 2017, 01:32 PM) Read the term and conditions. Some bank cover fully all outstanding cukai, maintenance fees, sinking fund, fire insurance and late charges penalty. Usually foreign bank like Hong Leong, SCB, Citibank very generous and will cover all. If dun need to sign S&P. What documents do you sign in replace of S&P?AmBank cover partial. Only maintenance fees will cover. Sinking fund and cukai need to own pay. PBB cover the outstanding with a limit cap base on the value of the property. Utilities bill you need to pay. TNB, SYABAS, Indah Water. There are ways to check. Your 100k statement is wrong. It is too general. Mostly will be the same cost involve like buying from subsale. Here I put down the cost: 1. 10% dp of the final winning price. rest 90% using loan or (70% loan + cash) 2. Legal fees for DOA & Loan Agreement. (lelong no S&P so legal cost will be slightly lower compare to buying from subsale). 3. Stamp duty (MOT & Loan). 4. Valuation fees. 5. Outstanding utilities bill. |
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Oct 17 2017, 01:28 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(noswear @ Oct 17 2017, 12:40 PM) If dun need to sign S&P. What documents do you sign in replace of S&P? Proclamation of sales |
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Oct 17 2017, 02:09 PM
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623 posts Joined: Dec 2006
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QUOTE(TaipingTiger @ Oct 17 2017, 12:45 AM) Incorrect info. Bid increment will depend on the reserve price of the auction property. For mass market property price below 200k, increment will be only 1k per bid. Above 200k to 500k normally will be 2k increment each bid. I've been in auctions where auctioneers increase the bid size because of the high number of bidders. Even for below 200k props. Basically it's their discretion.Only high end property and a few rare court case, the bid increment will be as big as 10k. |
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Oct 17 2017, 10:27 PM
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600 posts Joined: Apr 2017
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The force is too dark
If this would be more transparent, I believe pricing anomalies will be much less. |
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Oct 28 2017, 10:47 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Fully furnished lelong unit. What are the odds?
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Oct 28 2017, 11:58 AM
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All Stars
21,456 posts Joined: Jul 2012
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The last of dibs development to vp next year, number of auction is expected to climb for next 3 years.
This post has been edited by icemanfx: Oct 28 2017, 11:59 AM |
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Oct 28 2017, 12:10 PM
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QUOTE(AskarPerang @ Oct 28 2017, 10:47 AM) Fully furnished lelong unit. What are the odds? Tengok jugak kat fb tadi. Legend jugak ni sampai dpt tv 😁 |
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Oct 29 2017, 10:42 AM
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#39
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600 posts Joined: Apr 2017
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QUOTE(AskarPerang @ Oct 28 2017, 10:47 AM) Fully furnished lelong unit. What are the odds? Before entering the house after getting the authorization, wont they need to at least inform the owner? Then why the owner will keep their belonging there? Also the door is safety door, quite surprise they can actually able to open it (seem easily) |
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Oct 29 2017, 01:15 PM
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Senior Member
1,717 posts Joined: Apr 2010 From: Selangor
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QUOTE(jetwash @ Oct 16 2017, 11:44 AM) Here's what I do before I bid; Interesting1. Google around for auction properties. 2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc. 3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking. 4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1. 5. Go for bidding with a set budget (always below bank valuation). 6. Win - sign contract; lose - return to step 1. |
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Oct 29 2017, 01:17 PM
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Senior Member
1,717 posts Joined: Apr 2010 From: Selangor
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QUOTE(AskarPerang @ Oct 16 2017, 10:55 PM) Good sharing to all regarding bank lelong property. Must always check, double check and triple check. QUOTE Hidden Charges (Pindah Milik) Great info============= Utk kes lelong.. Ia antara sbb kenapa bakal pembeli keberatan nak mencuba auction ialah takut akan risiko unforseen entry cost.. Tidak semua kes lelongan ada hidden charges..Kebarangkaliannya ialah pd kes-kes dibawah: 1. Unit Baru VP or Virgin Unit - hidden charges berkaitan ialah outstanding progress payment (1%/ 2.5% dr harga terdahulu) 2. Developer Bankrupt -hidden charges yg berkaitan ialah: ❗a. outstanding progress payment ❗b. liquidator admistration fees ❗c. GST charges keatas item #a ❗d. Misc payment ❗e. Vetting Fee ❗f. Jika ada lbh dr 1 pemegang gadaian. Utk discharges item a to e kena byr lg.. 3. Kaveat - hidden charges ialah fee2 berkaitan pembatalan kaveat termasuk court order 4. Dll Kwe bagi contoh kes yg pernah kwe handle.. case study +++ Cth 1+++ Dev Bankrupt..Liquidator yg uruskan.. Pemegang gadaian ada 2 iaitu bank RH+ dan Malaysia Trust++.. Harga belian terdahulu Rm251K -charge M"sia Trust++ Rm6+++ -charge Liquidator Rm5+++ +++ Cth +++ Unit Virgin.. VP 4 thn lepas.. Dev PK++. Harga belian terdahulu RM215K -payment o/s progress 2.5% Macam seram ja kan.. Buat lah carian dan semakan sebelum decide membida.. Jika nilai belian below market dan sangat berbaloi.. WHY not take the risk? Huhu |
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Oct 29 2017, 01:19 PM
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Follow them on fb. I read their posts on fb but never use their services as agent, hehe.
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Oct 29 2017, 01:35 PM
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#43
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All Stars
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QUOTE(jetwash @ Oct 29 2017, 01:19 PM) Follow them on fb. I read their posts on fb but never use their services as agent, hehe. Just to name a few (all can be found on FB): Shariza Abd Latif - Lowcost specialist. Many info can be found on her page. Azrie Zaid - Lowcost specialist Adlan Hafiz / Adlina MN - Brother & sister team Muhammad Ishaq - A doctor. Miliion2 high end property also enter. Ibrahim Iderus - Many info can be found on his page. Izwan Latiff Yusuff Azlan Mohd Hafiz Bin Kamaruddin - Famous guy in white spec. Attention seeker. Shafie Bustan - Doing kontena business. Already turn into money oriented guy. Can unfollow him. Selangor Auction Property - Very updated with the auction results. |
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Oct 29 2017, 02:04 PM
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3,165 posts Joined: Feb 2015
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QUOTE(AskarPerang @ Oct 15 2017, 01:47 PM) This is what you called hit jackpot. won at 379k single bidder. 4th re-auction. Drop from first auction pricing of 520k. Subsale price 550k - 600k. She says buy auction for 9 years, this is the first time hit such jackpot? So, for this 9 years, what she does to all properties bought oh? So much money one?Example only. It will not be all rosy. Just google search the story someone found a dead body in the fridge of the lelong property he won in Mont Kiara. Many many years ago. |
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Oct 29 2017, 02:09 PM
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623 posts Joined: Dec 2006
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QUOTE(AskarPerang @ Oct 29 2017, 01:35 PM) Just to name a few (all can be found on FB): Haha kesianlah shafie bustan, still ok what. Reading his blog in 2008 was what introduced me to auction.Shariza Abd Latif - Lowcost specialist. Many info can be found on her page. Azrie Zaid - Lowcost specialist Adlan Hafiz / Adlina MN - Brother & sister team Muhammad Ishaq - A doctor. Miliion2 high end property also enter. Ibrahim Iderus - Many info can be found on his page. Izwan Latiff Yusuff Azlan Mohd Hafiz Bin Kamaruddin - Famous guy in white spec. Attention seeker. Shafie Bustan - Doing kontena business. Already turn into money oriented guy. Can unfollow him. Selangor Auction Property - Very updated with the auction results. Back then also got Faridzaswadi, tuanbri (unfollowed already, cakap je lebih). |
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Oct 29 2017, 02:11 PM
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Senior Member
3,838 posts Joined: Sep 2013
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QUOTE(aspartame @ Oct 29 2017, 02:04 PM) She says buy auction for 9 years, this is the first time hit such jackpot? So, for this 9 years, what she does to all properties bought oh? So much money one? last 9 years had to dispose of many dead bodies left behind lolll |
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Oct 29 2017, 02:15 PM
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Senior Member
3,165 posts Joined: Feb 2015
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QUOTE(AskarPerang @ Oct 29 2017, 01:35 PM) Just to name a few (all can be found on FB): Wah.. all bumi players one? Shariza Abd Latif - Lowcost specialist. Many info can be found on her page. Azrie Zaid - Lowcost specialist Adlan Hafiz / Adlina MN - Brother & sister team Muhammad Ishaq - A doctor. Miliion2 high end property also enter. Ibrahim Iderus - Many info can be found on his page. Izwan Latiff Yusuff Azlan Mohd Hafiz Bin Kamaruddin - Famous guy in white spec. Attention seeker. Shafie Bustan - Doing kontena business. Already turn into money oriented guy. Can unfollow him. Selangor Auction Property - Very updated with the auction results. |
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Oct 29 2017, 02:16 PM
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Senior Member
3,165 posts Joined: Feb 2015
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QUOTE(HarpArtist @ Oct 29 2017, 02:11 PM) last 9 years had to dispose of many dead bodies left behind lolll Wah... scared die me lo. |
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Oct 29 2017, 02:18 PM
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Senior Member
3,838 posts Joined: Sep 2013
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QUOTE(aspartame @ Oct 29 2017, 02:15 PM) Wah.. all bumi players one? ya i was wondering that tooQUOTE(aspartame @ Oct 29 2017, 02:16 PM) Wah... scared die me lo. can sell many cadavers to medical uni for extra profit |
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Oct 29 2017, 03:47 PM
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Senior Member
3,312 posts Joined: Dec 2010
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QUOTE(AskarPerang @ Oct 28 2017, 10:47 AM) Fully furnished lelong unit. What are the odds? Lol get this kind of unit i also will scared. Think logically why would owner want to leave behind so many things and maybe hastily without taking all their things?  #somethingToPonderAbout #nothingComesFree |
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Oct 29 2017, 03:55 PM
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Senior Member
1,717 posts Joined: Apr 2010 From: Selangor
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QUOTE(trust4you @ Oct 29 2017, 03:47 PM) Lol get this kind of unit i also will scared. Think logically why would owner want to leave behind so many things and maybe hastily without taking all their things? Drug lair? #somethingToPonderAbout #nothingComesFree My friend kena once.. The drug dealer rented his house. He only found out about it as the tenant stopped paying the rental and he went to check his house. His neighbor told him about it that the cops came and they had left earlier.. |
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Oct 29 2017, 04:49 PM
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Senior Member
3,312 posts Joined: Dec 2010
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QUOTE(heavenly91 @ Oct 29 2017, 03:55 PM) Drug lair? Yes exactly what i am talking about.. sometimes things too good to be true is indeed too good to be true My friend kena once.. The drug dealer rented his house. He only found out about it as the tenant stopped paying the rental and he went to check his house. His neighbor told him about it that the cops came and they had left earlier..  |
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Oct 29 2017, 06:30 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(trust4you @ Oct 29 2017, 04:49 PM) Yes exactly what i am talking about.. sometimes things too good to be true is indeed too good to be true Looking at the mess, macam sudah give up liao before finally cabut. |
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Oct 29 2017, 09:20 PM
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Senior Member
1,717 posts Joined: Apr 2010 From: Selangor
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QUOTE(trust4you @ Oct 29 2017, 04:49 PM) Yes exactly what i am talking about.. sometimes things too good to be true is indeed too good to be true  |
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Nov 1 2017, 09:14 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Here's another interesting case.
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Nov 1 2017, 10:35 AM
Show posts by this member only | IPv6 | Post
#56
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Nov 1 2017, 09:14 AM) Here's another interesting case. Implying that developer couldn't get valuation for his selling price, need to bid up neighbourhood price to justify. |
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Nov 1 2017, 10:43 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(icemanfx @ Nov 1 2017, 10:35 AM) Implying that developer couldn't get valuation for his selling price, need to bid up neighbourhood price to justify. Is the 'new' developer that want to buy over the land who bought up the unit. at least will save them a unit of less hassle and no need to compensate as well. |
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Nov 1 2017, 11:01 AM
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Senior Member
4,821 posts Joined: Mar 2009
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QUOTE(Sand Dust @ Oct 16 2017, 12:11 AM) What the agent will provide? Site visit, utilities check, infor sharing etc? no internal site visit allowed for auction properties, if you are lucky you get a nice one inside.This post has been edited by lowya: Nov 1 2017, 11:18 AM |
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Nov 1 2017, 11:36 AM
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Senior Member
4,821 posts Joined: Mar 2009
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QUOTE(David_77 @ Oct 29 2017, 06:30 PM) Looking at the mess, macam sudah give up liao before finally cabut. look for bullet holes on the wall, blood stain under the carpet, etc. |
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Nov 1 2017, 01:03 PM
Show posts by this member only | IPv6 | Post
#60
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(lowya @ Nov 1 2017, 11:01 AM) no internal site visit allowed for auction properties, if you are lucky you get a nice one inside. Those bid for auction will assume the worst condition. hence, need to have discipline not to over bid. |
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Nov 1 2017, 01:08 PM
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Senior Member
623 posts Joined: Dec 2006
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Lol. How come compensation amount to 1 million when market value only 130k?
This post has been edited by jetwash: Nov 1 2017, 01:09 PM |
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Nov 12 2017, 01:37 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Some agent provide assistant as runner to help you change the following details as well.
All the below mention stuff you have to settle yourself as you are buying via lelong. Cheap things surely need more work of course. p/s: for TNB. got trick no need pay the outstanding amount. can absorb to the ex owner name. just change name and start brand new account number. |
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Nov 12 2017, 05:56 PM
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Junior Member
51 posts Joined: May 2005 
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QUOTE(heavenly91 @ Oct 29 2017, 03:55 PM) Drug lair? Sometimes they could be using it as meth labs. Follow the link yo learn more about the dangers of meth contamination..My friend kena once.. The drug dealer rented his house. He only found out about it as the tenant stopped paying the rental and he went to check his house. His neighbor told him about it that the cops came and they had left earlier.. https://www.rentprep.com/property-managemen...know-meth-labs/ |
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Nov 12 2017, 06:36 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Membuka rumah lelong lowcost. Cash flow game.
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Nov 22 2017, 11:03 PM
Show posts by this member only | IPv6 | Post
#65
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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High end property auction fight!!!
Some random results: This post has been edited by AskarPerang: Nov 22 2017, 11:10 PM |
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Nov 25 2017, 12:16 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Summer Suite RP 400k. 4 bidders. CIMB Mega Auction. Sold at 482k. Subsale 500k.
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Nov 25 2017, 02:20 PM
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Senior Member
858 posts Joined: Nov 2011
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Hi, I'm new to this Auction. May I know this Auction place is it open to public?
(anyone can enter or must pre-register)? |
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Nov 26 2017, 11:10 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Nov 29 2017, 02:31 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Low cost flat won at 200k.
Property market crashing? |
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Nov 29 2017, 03:22 PM
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Senior Member
600 posts Joined: Apr 2017
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I dont believe there is much bargain in auction with the risks associated with it, esp those in better location. Esp for non-bumi units with more bidders involved.
Any bank valuation that start the bid from, you can already probably push for 10-20% lower from desperate buyers in the existing market. In addition you got to see what you going to buy and location that you like. Most likely I am wrong Good luck.This post has been edited by Sand Dust: Nov 29 2017, 03:22 PM |
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Nov 29 2017, 04:28 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Nov 29 2017, 02:31 PM) Low cost flat won at 200k. Reserve price 145k..bid til 200k..is about 40% up.. Property market crashing? some bid up more than 100%..  This post has been edited by junbow: Nov 29 2017, 04:29 PM Attached thumbnail(s) 
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Nov 29 2017, 04:49 PM
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All Stars
17,499 posts Joined: Feb 2006 From: KL
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QUOTE(junbow @ Nov 29 2017, 04:28 PM) Reserve price 145k..bid til 200k..is about 40% up.. all influenced by the fb fella. rent out cheap apartments.some bid up more than 100%.. |
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Nov 29 2017, 04:55 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(alexanderclz @ Nov 29 2017, 04:49 PM) all influenced by the fb fella. rent out cheap apartments. This? |
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Nov 29 2017, 04:55 PM
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Senior Member
533 posts Joined: Apr 2016
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QUOTE(trust4you @ Oct 29 2017, 03:47 PM) Lol get this kind of unit i also will scared. Think logically why would owner want to leave behind so many things and maybe hastily without taking all their things? ya... previous owener enemy may come up looking for them #somethingToPonderAbout #nothingComesFree |
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Nov 29 2017, 05:03 PM
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Senior Member
1,678 posts Joined: Mar 2016
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QUOTE(AskarPerang @ Nov 22 2017, 11:03 PM) High end property auction fight!!! 2 POINT 0 4 MILLION. Someone tag that icemanfx guy.Some random results: Auctions speak louder than words. |
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Nov 29 2017, 06:46 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Dec 6 2017, 12:00 AM
Show posts by this member only | IPv6 | Post
#77
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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BBB at Bukit Beruntung. 2013 -> 2017.
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Dec 10 2017, 12:15 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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BBB at Bukit Sentosa this time.
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Dec 10 2017, 02:21 PM
Show posts by this member only | IPv6 | Post
#79
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Senior Member
1,416 posts Joined: Feb 2015
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QUOTE(AskarPerang @ Dec 10 2017, 11:15 AM) BBB at Bukit Sentosa this time. Experienced bidders usually sit the last row |
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Dec 19 2017, 09:33 PM
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Senior Member
590 posts Joined: Aug 2005
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Dec 20 2017, 07:45 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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This guy whack all 9 units of Park Avenue office at Damansara Damai. Been there before and is a total dead place. I wander.
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Dec 20 2017, 07:47 PM
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Junior Member
238 posts Joined: Oct 2017 From: Kuala Lumpur
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QUOTE(AskarPerang @ Dec 20 2017, 07:45 PM) This guy whack all 9 units of Park Avenue office at Damansara Damai. Been there before and is a total dead place. I wander. got mrt2 in near future. its cheap, auction starts about 100psf |
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Dec 20 2017, 11:14 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(jetwash @ Oct 16 2017, 11:44 AM) Here's what I do before I bid; Why if owner stay, cannot bid ? Scared he won't move out if U win the auction bid ?1. Google around for auction properties. 2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc. 3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking. 4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1. 5. Go for bidding with a set budget (always below bank valuation). 6. Win - sign contract; lose - return to step 1. |
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Dec 20 2017, 11:31 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(jcts @ Oct 17 2017, 12:14 AM) Basically agent will provide you the details of the auction property. Some auction property, bank will settle the utilities outstanding amount. It depends on the auction property. How to find out if 1st auction, 2nd auction or 3rd auction, etc ?First auction normally the starting price is 10% off from market price. If nobody bid in the first auction then second auction will lower 20% off. Each bid is 10k increase. Better bid for the 9th auction, then 90% off market price ! |
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Dec 21 2017, 03:26 PM
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Senior Member
623 posts Joined: Dec 2006
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QUOTE(topearn @ Dec 20 2017, 11:14 PM) Why if owner stay, cannot bid ? Scared he won't move out if U win the auction bid ? Some investors don't mind. Some just don't like the hassle.I successfully negotiated with the owner (a lawyer some more, haha) for my first auction property. But there are much more complicated stories that has happened to other bidders. |
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Dec 21 2017, 03:29 PM
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Senior Member
623 posts Joined: Dec 2006
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QUOTE(topearn @ Dec 20 2017, 11:31 PM) How to find out if 1st auction, 2nd auction or 3rd auction, etc ? Yeah but that never happens. Well expect maybe Bukit Beruntung in the good old days.Better bid for the 9th auction, then 90% off market price ! Price goes down 10% from the last reserve price each time, not from the initial price. So it's not quite 90% off at the 9th auction. This post has been edited by jetwash: Dec 21 2017, 03:30 PM |
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Dec 24 2017, 12:00 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Windows On The Park@ Bandar Tun Hussein Onn, Cheras
2395sf ,4rooms 4baths, Freehold Market Value RM920K. Reserve Price: RM745K Total 5 bidders fight. Sold at 792k. |
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Dec 24 2017, 09:56 AM
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Junior Member
454 posts Joined: Aug 2010
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QUOTE(AskarPerang @ Dec 24 2017, 01:00 AM) Windows On The Park@ Bandar Tun Hussein Onn, Cheras still about 40 percent lower than market asking price. good deal for own stayer. the maintenance is hefty tho for that size.2395sf ,4rooms 4baths, Freehold Market Value RM920K. Reserve Price: RM745K Total 5 bidders fight. Sold at 792k. |
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Dec 24 2017, 10:00 AM
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(noiseemunkee @ Dec 23 2017, 07:56 PM) still about 40 percent lower than market asking price. good deal for own stayer. the maintenance is hefty tho for that size. RM700 now. very reasonable. few years time when cant keep up with costs to maintain such a condo, expect it to breach RM1k lah |
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Jan 9 2018, 06:40 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Updated info selected units on sale this month.
Alliance Auction ( Expected ⚠️ 27/1/18) - M-city RM 488,430 674sqft - Bayu Sentul RM 398,600 1630sqft - Amara B caves RM 283,500 998sqft - Paragon Pangea RM 324,000 675sqft - 38Bidara KL RM 461,700 689sqft - 3elements SOFO RM 210,000 647sqft - Armanee Terrace1 RM 769,500 2282sqft OCBC Auction @ ⚠️25/1/18⚠️ - Quartz Melawati RM 1.674 mil 5658sqft (B) - V12 SOVO RM 177,300 500 sqft - Sunway Eastwood RM 1.458 mil 3196sqft SemiD - Simfoni heights RM 275,400 947sqft - Prima u1 RM 275,600 1050sqft - Solstice RM 279,000 450sqft - Amaya Saujana RM 801,900 1890sqft - Clover garden RM 1.44 Mil 3200 sqft SemiD |
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Jan 9 2018, 10:55 PM
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Junior Member
454 posts Joined: Aug 2010
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QUOTE(AskarPerang @ Jan 9 2018, 07:40 PM) Updated info selected units on sale this month. are lelong prop really on the rise as compared to before? or is it perception only because more ppl exposed to lelong scene? Alliance Auction ( Expected ⚠️ 27/1/18) - M-city RM 488,430 674sqft - Bayu Sentul RM 398,600 1630sqft - Amara B caves RM 283,500 998sqft - Paragon Pangea RM 324,000 675sqft - 38Bidara KL RM 461,700 689sqft - 3elements SOFO RM 210,000 647sqft - Armanee Terrace1 RM 769,500 2282sqft OCBC Auction @ ⚠️25/1/18⚠️ - Quartz Melawati RM 1.674 mil 5658sqft (B) - V12 SOVO RM 177,300 500 sqft - Sunway Eastwood RM 1.458 mil 3196sqft SemiD - Simfoni heights RM 275,400 947sqft - Prima u1 RM 275,600 1050sqft - Solstice RM 279,000 450sqft - Amaya Saujana RM 801,900 1890sqft - Clover garden RM 1.44 Mil 3200 sqft SemiD which one value for money from this list?😁 |
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Jan 9 2018, 11:49 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(noiseemunkee @ Jan 9 2018, 10:55 PM) are lelong prop really on the rise as compared to before? or is it perception only because more ppl exposed to lelong scene? Probably yes but the main factor is nobody buying. Meaning you are seeing the same unit entering the auction market again and again and again. which one value for money from this list?😁 Bayu Sentul probably worth looking at. Vacant unit. Reauction #7. First auction 750k. Now drop till less than 400k. |
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Jan 9 2018, 11:54 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Jan 9 2018, 11:49 PM) Probably yes but the main factor is nobody buying. Meaning you are seeing the same unit entering the auction market again and again and again. More of similar or cheaper are or will be available. those with bullets have many choice, need not rush to bid.Bayu Sentul probably worth looking at. Vacant unit. Reauction #7. First auction 750k. Now drop till less than 400k. This post has been edited by icemanfx: Jan 9 2018, 11:55 PM |
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Jan 10 2018, 08:28 AM
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Senior Member
1,458 posts Joined: Jul 2011
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QUOTE(noiseemunkee @ Jan 9 2018, 10:55 PM) are lelong prop really on the rise as compared to before? or is it perception only because more ppl exposed to lelong scene? my pov - more VP units now go to auction unlike before....which one value for money from this list?😁 |
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Jan 10 2018, 08:33 AM
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Senior Member
590 posts Joined: Aug 2005
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Property club & bulk purchasers not interested in auction scene? Seems like got plenty of deals out there....
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Jan 10 2018, 11:22 AM
Show posts by this member only | IPv6 | Post
#96
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Junior Member
692 posts Joined: Oct 2006
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QUOTE(acougan @ Jan 10 2018, 08:33 AM) Property club & bulk purchasers not interested in auction scene? Seems like got plenty of deals out there.... Property club ppl don't usually go for auctions. They go for Developer units and can usually cash out 15-20% cash from the bank loan after disburse. Then they use the cash go shopping spree or cover bank loan for a few years then hoping to flip after that. |
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Jan 10 2018, 11:30 AM
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Senior Member
982 posts Joined: Dec 2009
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QUOTE(e-lite @ Jan 10 2018, 11:22 AM) Property club ppl don't usually go for auctions. They go for Developer units and can usually cash out 15-20% cash from the bank loan after disburse. Then they use the cash go shopping spree or cover bank loan for a few years then hoping to flip after that. Wait til their cash out finish, they'll be doomed Auctions have huge potential than under con, only cash buyers can enter in this playground |
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Jan 10 2018, 11:40 AM
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Senior Member
1,288 posts Joined: Sep 2012
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QUOTE(acougan @ Jan 10 2018, 08:33 AM) Property club & bulk purchasers not interested in auction scene? Seems like got plenty of deals out there.... lelong is the playground for the cash rich bro...property club or whatever their mantra is as less cash as possible during purchase. developers only can offer that mang coz usually they already sell at future price.LOLso the bulk purchaser can get "discounts, cash rebates, yada yada" truly below market value is at the lelong scene. but no easy also. lots of traps for the inexperience. from lelong u can get cashflow and capital appreciation (coz buy wayyy cheaper than market value). but still sometimes got retards who bid similar or above the market value.LOL |
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Jan 10 2018, 02:14 PM
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Junior Member
454 posts Joined: Aug 2010
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QUOTE(shadow_walker @ Jan 10 2018, 12:40 PM) lelong is the playground for the cash rich bro...property club or whatever their mantra is as less cash as possible during purchase. developers only can offer that mang coz usually they already sell at future price.LOL bro what are the risks and traps?so the bulk purchaser can get "discounts, cash rebates, yada yada" truly below market value is at the lelong scene. but no easy also. lots of traps for the inexperience. from lelong u can get cashflow and capital appreciation (coz buy wayyy cheaper than market value). but still sometimes got retards who bid similar or above the market value.LOL |
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Jan 10 2018, 02:51 PM
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Junior Member
133 posts Joined: Mar 2017
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QUOTE(e-lite @ Jan 10 2018, 11:22 AM) Property club ppl don't usually go for auctions. They go for Developer units and can usually cash out 15-20% cash from the bank loan after disburse. Then they use the cash go shopping spree or cover bank loan for a few years then hoping to flip after that. Property club business model is like Geneva gold, will work only in bull market. Property market is likely to remain stagnant longer than their cash could last. |
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Jan 16 2018, 01:16 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Selected recommended auction units (Price drop from 1st auction until current reserve price):
 How low can it drop? beyond 50%? |
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Jan 16 2018, 03:00 PM
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Senior Member
2,854 posts Joined: Jul 2013
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look like the bayu sentul can buy since 40% drop.
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Jan 16 2018, 03:09 PM
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Junior Member
347 posts Joined: Jun 2006
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QUOTE(AskarPerang @ Jan 16 2018, 01:16 PM) Selected recommended auction units (Price drop from 1st auction until current reserve price): i saw some agent posted subsale 1629 sf for RM 399KHow low can it drop? beyond 50%? auction price almost same as subsales edi |
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Jan 16 2018, 03:15 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(drake88 @ Jan 16 2018, 03:09 PM) i saw some agent posted subsale 1629 sf for RM 399K Nope dont be tricked. That is the auction unit. auction price almost same as subsales edi Some agent posted like selling subsale unit. But in actual fact is the auction unit. |
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Jan 16 2018, 03:40 PM
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Junior Member
347 posts Joined: Jun 2006
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QUOTE(AskarPerang @ Jan 16 2018, 03:15 PM) Nope dont be tricked. That is the auction unit. already kena trick than .. lol .. even the unit number is stated there.Some agent posted like selling subsale unit. But in actual fact is the auction unit. |
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Jan 16 2018, 03:46 PM
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Senior Member
600 posts Joined: Apr 2017
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Pls dont believe on bank valuation entirely... The valuation could have been done several years ago when property at the peak - correct me if I am wrong.
Must ask, why it is lelong in the first place? Owner could have rent/ sell out to avoid foreclosure. This post has been edited by Sand Dust: Jan 16 2018, 03:47 PM |
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Jan 24 2018, 05:44 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Few random update of the results:
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Jan 24 2018, 08:44 PM
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Senior Member
3,459 posts Joined: Jan 2009
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Is it actually can make profit by buying auction properties to resell ?
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Jan 24 2018, 10:48 PM
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Junior Member
358 posts Joined: Aug 2011
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Clover sold off?
Any hints on buying auction properties outside of KV? I see many units in Johor....quite tempting |
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Jan 24 2018, 11:08 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Jan 24 2018, 08:44 PM) Is it actually can make profit by buying auction properties to resell ? Hot property wont be cheap even in lelong market. Cheap property wont be hot, it is near impossible to flip. Example below: No taker again. Almost 50% drop in price now. Vision Residence @ Puchong South - Cyberjaya Size: 2485sqft Date: 29-Jan-18 1st auction Rm1,000,000 2nd auction Rm900,000 3rd auction Rm810,000 4th auction Rm729,000 5th auction Rm657,000 6th auction Rm592,000 7th auction Rm533,000 If you think is possible you buy at 533k and resell back at 800k (still 20% below market price), earning 200k. Then by all means go and try. |
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Jan 24 2018, 11:57 PM
Show posts by this member only | IPv6 | Post
#111
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Senior Member
7,350 posts Joined: Aug 2015 
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is it true that if you won the auction but failed to get loan your 10% deposit will be forfeited?
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Jan 24 2018, 11:59 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(coolguy99 @ Jan 24 2018, 11:57 PM) is it true that if you won the auction but failed to get loan your 10% deposit will be forfeited? Yes. Only recommended to those with clean CCRIS CTOS record and DSR also under good limit. Well, unless you gonna buy 100% using cash. |
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Jan 25 2018, 12:25 AM
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3,718 posts Joined: Nov 2015
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QUOTE(AskarPerang @ Jan 24 2018, 11:59 PM) Yes. Only recommended to those with clean CCRIS CTOS record and DSR also under good limit. SO those auctions units, how to know the unit condition, whether need major/minor reno only?? and how to know if there is any debt?Well, unless you gonna buy 100% using cash. Any good project there? |
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Jan 27 2018, 04:23 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Investor VS bidder buying for own stay
Hard to fight. Own stay sure die die also want the unit. |
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Jan 27 2018, 04:39 PM
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Senior Member
3,333 posts Joined: Mar 2011
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auction properties getting hot now.. more taker
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Jan 27 2018, 07:39 PM
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Junior Member
358 posts Joined: Aug 2011
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Is there any website which shows the results of auction?
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Jan 27 2018, 09:07 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(WahBiang @ Jan 25 2018, 12:25 AM) SO those auctions units, how to know the unit condition, whether need major/minor reno only?? and how to know if there is any debt? Yes, I would like to know too.Any good project there? |
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Jan 27 2018, 10:36 PM
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Senior Member
1,780 posts Joined: Nov 2010
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QUOTE(Glcotan @ Jan 27 2018, 04:39 PM) auction properties getting hot now.. more taker due to more dead chicken. |
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Jan 27 2018, 11:05 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Bayu Sentul. start with 398k. 8 bidders.
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Feb 10 2018, 01:18 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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https://www.thestar.com.my/business/busines...auction-market/
New units entering auction market OF late, brand new never-lived in properties have been entering the auction market. Some of these units are foreign-owned while the majority of them are local buyers, a source from an auction house says. Owners are not bothered to take possession of these units while some took possession for a short while only to forgo their investments. Two banks confirmed there are such units entering the auction market. Most of these units were purchased four to five years ago under developers interest bearing schemes with low downpayment. Under the scheme, mortgage payments only kick in when the property is completed. “They wanted to flip the units but because of the weak property market, they were unable to sell them,” the source from an auction house says. This “trend” of never-lived in units coming under the hammer is something that is relatively new which started two to three years ago, the source says. It started as something innocuous initially. Today, the source is seeing more such units entering the auction market. “Maybe 5% to 10% of our listings comprise these new units,” the source says, adding that more are expected to enter the auction market. A bank employee who heads the auction division says his department are seeing more brand new units entering the auction market. “These unit come directly to us from the developers. These are recently built condominiums with high prices in which buyers had purchased for investment but have decided not to go ahead with the mortgaged payments,” the bank source says. Most of these units are in Johor although there are also units in the Klang Valley, the bank source says. He says those who buy properties for occupation are not “that affected”. Those who are “hit” are “mainly investors”, the source says. The issue is not so much the interest rates as mortgage rates remain low at 4.25%-4.35%. There was a time when double-digit interest rates forced many into arrears soon after the Asian Financial Crisis in 1997/98. Unable to keep up with mortgage payments, they lost their homes, the source says. But this time, he says, it is different. The issue is not interest rates. The source says his bank has over 100 foreclosures each month, of which about 58% come under the hammer. The rest are withdrawn from the auction market. The bank source says the number of foreclosures today is “unlike” that during the period soon after the Asian Financial Crisis. That period saw a lot more foreclosures. In that sense, the number of foreclosures has not really risen. “It has stabilised,” he says. On whether he is seeing more small offices home offices (SoHos) and properties in this genre in their books facing foreclosures, he says the bank has not been lending aggressively to this segment of the property market. SoHos are commercial properties with a residential element to it. He says the bank he works for is rather “conservative” and does not have much exposure in this genre of the property sector. On whether there is a significant rise in the number of auction on new units from other states other than Johor, he says “not yet”. He says the bank is trying to cap its non-performing loans at 1% to 2%. However, the bank’s mortgage base, or property loans, is rising. The source says while mortgage loans is a growing market, it would like to limit exposure to certain segments of the real estate market. A second bank source says his bank’s mortgage loans hit new records annually but the NPLs are capped at 1% to 2%. So despite the NPLs at that low rate, the mortgage base has grown annually which means that more properties will be financed and some of these may become delinquent. The rise in the number of units auctioned is “incremental” because any units which are unsold at the first round of auction will be put on the second round but with 10% drop in price. “The number of cases, or units auctioned, is based on NPLs and the mortgage base. There may be a perception that there are more auctions today, but this may be due to units going through multiple rounds. “There may be more auctions but not more units,” the source says, adding that since 2002, the recovery process has been more efficient. On the broad range of properties auctioned today, he says that over the last 10 years, the majority of properties offered by developers belongs to the “high-end category of RM400,000 and above”. Prior to this, launches were priced at between RM200,000 and RM250,000. As the types of units broaden to include a wider range of housing types with higher prices, it is natural auctions today carry a wider range of units with differing price points as well as the lower priced flats and apartments, he says. |
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Feb 10 2018, 02:22 PM
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(AskarPerang @ Feb 10 2018, 01:18 PM) https://www.thestar.com.my/business/busines...auction-market/ More to come.New units entering auction market OF late, brand new never-lived in properties have been entering the auction market. Some of these units are foreign-owned while the majority of them are local buyers, a source from an auction house says. Owners are not bothered to take possession of these units while some took possession for a short while only to forgo their investments. Two banks confirmed there are such units entering the auction market. Most of these units were purchased four to five years ago under developers interest bearing schemes with low downpayment. Under the scheme, mortgage payments only kick in when the property is completed. “They wanted to flip the units but because of the weak property market, they were unable to sell them,” the source from an auction house says. This “trend” of never-lived in units coming under the hammer is something that is relatively new which started two to three years ago, the source says. It started as something innocuous initially. Today, the source is seeing more such units entering the auction market. “Maybe 5% to 10% of our listings comprise these new units,” the source says, adding that more are expected to enter the auction market. A bank employee who heads the auction division says his department are seeing more brand new units entering the auction market. “These unit come directly to us from the developers. These are recently built condominiums with high prices in which buyers had purchased for investment but have decided not to go ahead with the mortgaged payments,” the bank source says. Most of these units are in Johor although there are also units in the Klang Valley, the bank source says. He says those who buy properties for occupation are not “that affected”. Those who are “hit” are “mainly investors”, the source says. The issue is not so much the interest rates as mortgage rates remain low at 4.25%-4.35%. There was a time when double-digit interest rates forced many into arrears soon after the Asian Financial Crisis in 1997/98. Unable to keep up with mortgage payments, they lost their homes, the source says. But this time, he says, it is different. The issue is not interest rates. The source says his bank has over 100 foreclosures each month, of which about 58% come under the hammer. The rest are withdrawn from the auction market. The bank source says the number of foreclosures today is “unlike” that during the period soon after the Asian Financial Crisis. That period saw a lot more foreclosures. In that sense, the number of foreclosures has not really risen. “It has stabilised,” he says. On whether he is seeing more small offices home offices (SoHos) and properties in this genre in their books facing foreclosures, he says the bank has not been lending aggressively to this segment of the property market. SoHos are commercial properties with a residential element to it. He says the bank he works for is rather “conservative” and does not have much exposure in this genre of the property sector. On whether there is a significant rise in the number of auction on new units from other states other than Johor, he says “not yet”. He says the bank is trying to cap its non-performing loans at 1% to 2%. However, the bank’s mortgage base, or property loans, is rising. The source says while mortgage loans is a growing market, it would like to limit exposure to certain segments of the real estate market. A second bank source says his bank’s mortgage loans hit new records annually but the NPLs are capped at 1% to 2%. So despite the NPLs at that low rate, the mortgage base has grown annually which means that more properties will be financed and some of these may become delinquent. The rise in the number of units auctioned is “incremental” because any units which are unsold at the first round of auction will be put on the second round but with 10% drop in price. “The number of cases, or units auctioned, is based on NPLs and the mortgage base. There may be a perception that there are more auctions today, but this may be due to units going through multiple rounds. “There may be more auctions but not more units,” the source says, adding that since 2002, the recovery process has been more efficient. On the broad range of properties auctioned today, he says that over the last 10 years, the majority of properties offered by developers belongs to the “high-end category of RM400,000 and above”. Prior to this, launches were priced at between RM200,000 and RM250,000. As the types of units broaden to include a wider range of housing types with higher prices, it is natural auctions today carry a wider range of units with differing price points as well as the lower priced flats and apartments, he says. The slaughtering of flippers is here. |
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Feb 10 2018, 03:11 PM
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Senior Member
990 posts Joined: Jun 2016
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Is it worth buy those over value property which been auction? Selling 300k but auction 150k like that. Feel got a lot trap since new unit less than 10years
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Feb 10 2018, 03:23 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(leodinouknow @ Feb 10 2018, 03:11 PM) Is it worth buy those over value property which been auction? Selling 300k but auction 150k like that. Feel got a lot trap since new unit less than 10years Got example a 300k property price drop until 150k in the auction market? I dont think got any. Normally 30% off market price will have taker already. Unless really no hope property then that's another story. |
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Feb 10 2018, 03:35 PM
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Senior Member
2,020 posts Joined: Oct 2006
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Price only drop 10% at a time, for each round of auction.
For example, if reserved price is 100k, and no taker, next auction reserved price will be rm90k. Following round, the reserved price will be 81K. So, if 50% off, it will take more than 5 rounds. |
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Feb 10 2018, 03:36 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Feb 10 2018, 04:23 PM) Got example a 300k property price drop until 150k in the auction market? I dont think got any. I saw it in kampar perak area. The area over supply more than demand.... mean is no hope area? Nearby ktar & utar and new few college area.Normally 30% off market price will have taker already. Unless really no hope property then that's another story. |
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Feb 10 2018, 08:40 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(leodinouknow @ Feb 10 2018, 03:36 PM) I saw it in kampar perak area. The area over supply more than demand.... mean is no hope area? Nearby ktar & utar and new few college area. Really ? Can give link here as maybe I'm interested ? |
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Feb 10 2018, 09:40 PM
Show posts by this member only | IPv6 | Post
#127
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Senior Member
1,931 posts Joined: Mar 2008
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QUOTE(AskarPerang @ Feb 10 2018, 03:23 PM) Got example a 300k property price drop until 150k in the auction market? I dont think got any. Nick i called u this evening,pls return my call thxNormally 30% off market price will have taker already. Unless really no hope property then that's another story. |
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Feb 10 2018, 09:44 PM
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All Stars
20,146 posts Joined: May 2011
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refer to the above star's article.
very ill-informed journalist or/and banker..... How many proper SOHO has been launched in the past 10 yrs in KV? I think can count by 10 fingers, probably less than that. These people always confused over schedule H properties over non schedule properties, both are under commercial titles. SOHO generally are under schedule H same with any other residential properties. I don't see why SOHO has been singled out as potential for auction. I think they should/confuse with mention SOVO SOFO Office suites and etc. |
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Feb 10 2018, 10:22 PM
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Senior Member
990 posts Joined: Jun 2016
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Im always check pricing on mudah & property guru, cause i got two property at there. Hmmm i try find back if the link still have.
What i know is the pricing lelong is attractive, but as i see the area, a lot empty unit for rent/sale.... only few unit occupy it even front row, middle & behind row i think no need to say anymore rite? Something like ghost town, maybe need 5-10years more for the area if you ask me. My question is worth to buy it now to hold? Just for potential grow, cause i believe hard to rent out over supply This post has been edited by leodinouknow: Feb 10 2018, 10:25 PM |
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Feb 10 2018, 10:34 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(leodinouknow @ Feb 10 2018, 10:22 PM) Im always check pricing on mudah & property guru, cause i got two property at there. Hmmm i try find back if the link still have. Which area? What i know is the pricing lelong is attractive, but as i see the area, a lot empty unit for rent/sale.... only few unit occupy it even front row, middle & behind row i think no need to say anymore rite? Something like ghost town, maybe need 5-10years more for the area if you ask me. My question is worth to buy it now to hold? Just for potential grow, cause i believe hard to rent out over supply Your statement is too general. Need to specify at which location? Is it Rawang? Semenyih? Puncak Alam? |
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Feb 10 2018, 10:36 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Feb 10 2018, 11:34 PM) Which area? Kampar, perak areaYour statement is too general. Need to specify at which location? Is it Rawang? Semenyih? Puncak Alam? |
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Feb 10 2018, 11:37 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(leodinouknow @ Feb 10 2018, 10:22 PM) Im always check pricing on mudah & property guru, cause i got two property at there. Hmmm i try find back if the link still have. Price could only rise after over supply is consumed.What i know is the pricing lelong is attractive, but as i see the area, a lot empty unit for rent/sale.... only few unit occupy it even front row, middle & behind row i think no need to say anymore rite? Something like ghost town, maybe need 5-10years more for the area if you ask me. My question is worth to buy it now to hold? Just for potential grow, cause i believe hard to rent out over supply |
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Feb 10 2018, 11:38 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Feb 11 2018, 12:24 AM
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Senior Member
1,170 posts Joined: Mar 2013
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Yes3......flippers being slaughered as we speak. Yeahh baby!
I aasume the johor auctions that are hot is the Palazzio studios in Austin Perdana there and condos in Bukit Indah. This post has been edited by kamilnu: Feb 11 2018, 12:26 AM |
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Feb 11 2018, 12:41 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(kamilnu @ Feb 11 2018, 01:24 AM) Yes3......flippers being slaughered as we speak. Yeahh baby! Yeah a lot of my friend which work at singapore and purchase condo as investment all burn hand. Empty for 1years plus no tenant since all unit for all block is for rentI aasume the johor auctions that are hot is the Palazzio studios in Austin Perdana there and condos in Bukit Indah. |
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Feb 11 2018, 12:47 AM
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Senior Member
1,170 posts Joined: Mar 2013
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QUOTE(leodinouknow @ Feb 11 2018, 12:41 AM) Yeah a lot of my friend which work at singapore and purchase condo as investment all burn hand. Empty for 1years plus no tenant since all unit for all block is for rent I singled out Palazzio bcos i visited the site and made a study of the development in 2013. I saw there were 4 blocks with high density studios. Next to the site there was another developer doing the same thing. After visiting the show room and the site i immediately run away. |
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Feb 11 2018, 12:57 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(kamilnu @ Feb 11 2018, 01:47 AM) I singled out Palazzio bcos i visited the site and made a study of the development in 2013. I saw there were 4 blocks with high density studios. Next to the site there was another developer doing the same thing. After visiting the show room and the site i immediately run away. I will say dont touch jb property. A lot people burn hand. Except you got extra cash to buy and hold. Hard to rent out even advertise at lower than monthly installment loan |
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Feb 11 2018, 01:04 AM
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Senior Member
1,170 posts Joined: Mar 2013
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QUOTE(leodinouknow @ Feb 11 2018, 12:57 AM) I will say dont touch jb property. A lot people burn hand. Except you got extra cash to buy and hold. Hard to rent out even advertise at lower than monthly installment loan Well....in the end i still bought one in 2013. A new double storey link house in Tmn Bukit Dahlia, Pasir Gudang. Developer was Johor Land. Rented for 15 months now with rental above bank installment + maintenance. Company account tenant some more. Huhuhu. |
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Feb 11 2018, 01:13 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(kamilnu @ Feb 11 2018, 02:04 AM) Well....in the end i still bought one in 2013. A new double storey link house in Tmn Bukit Dahlia, Pasir Gudang. Developer was Johor Land. Rented for 15 months now with rental above bank installment + maintenance. Company account tenant some more. Huhuhu. Well is good on your side getting inside the ship bro. But i heard the rental wont be high forever? Currently cause got lot contract worker foreigner, and they come in 2years to 5years time only. Once contract finish, company wont rent it with such pricing anymore. Anyway is good enough you able get in that wave of profit congrats |
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Feb 11 2018, 01:34 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(leodinouknow @ Feb 11 2018, 12:57 AM) I will say dont touch jb property. A lot people burn hand. Except you got extra cash to buy and hold. Hard to rent out even advertise at lower than monthly installment loan If rental could cover monthly installments, most if not all qualified tenants would have bought. |
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Feb 11 2018, 08:37 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(icemanfx @ Feb 11 2018, 01:34 AM) If rental could cover monthly installments, most if not all qualified tenants would have bought. company acc lah.....meaning houses for foreign workers (incl expat) on shorter term. most companies are not in the biz in buying properties for their staffes. |
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Feb 11 2018, 10:21 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BEANCOUNTER @ Feb 11 2018, 08:37 AM) company acc lah..... Questions is how many and often?meaning houses for foreign workers (incl expat) on shorter term. most companies are not in the biz in buying properties for their staffes. |
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Feb 11 2018, 10:31 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(icemanfx @ Feb 11 2018, 10:21 AM) Questions is how many and often? am talking about the above case nia.....who knows what happens in 4yrs time. No economists ever accurately predicted the future..... |
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Feb 11 2018, 10:55 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BEANCOUNTER @ Feb 11 2018, 10:31 AM) am talking about the above case nia..... Economist doesn't need to and couldn't predict the future accurately because economy, politic, etc change constantly.who knows what happens in 4yrs time. No economists ever accurately predicted the future..... However, from available data and understanding of consequences of economic policy, economist could project likely outcome e.g current property over supply, rising bank interest rate and liquidity tightening was foretold a few years ago. |
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Feb 11 2018, 11:57 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Feb 10 2018, 11:38 PM) |
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Feb 12 2018, 11:29 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Selected auction units from HSBC to grab when everyone probably still busy celebrating CNY. Once a year, this is the best period to BBB a unit at super cheap auction price.
Date: 22 Feb (Thursday) Time: 3PM 1. 10-25, Menara U @Seksyen 13, Shah Alam Chinese owner. Non bumi lot. 527sf, 10th floor, 2R1B » Click to show Spoiler - click again to hide... « 2. A-32-7, The Elements@Ampang 1432sqft Auction: 22/2/18 Freehold » Click to show Spoiler - click again to hide... « 3. Launching price 460k in 2013. Auction price today: 01-05-07, Verdi Residence@ Symphony Hills, Cyberjaya 700sf 1rooms 1baths, Freehold, BUMILOT » Click to show Spoiler - click again to hide... « 4. 2-26-09, M-City@ Jalan Ampang, KL 1653sf 3+1rooms 4baths High floor, Freehold. » Click to show Spoiler - click again to hide... « 5. B4-7-3 Mirage By the Lake, Cyberjaya 1009sqft Non bumi 2 carparks Freehold » Click to show Spoiler - click again to hide... « |
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Feb 13 2018, 11:20 AM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Feb 12 2018, 11:29 PM) Selected auction units from HSBC to grab when everyone probably still busy celebrating CNY. Once a year, this is the best period to BBB a unit at super cheap auction price. Good info Date: 22 Feb (Thursday) Time: 3PM 1. 10-25, Menara U @Seksyen 13, Shah Alam Chinese owner. Non bumi lot. 527sf, 10th floor, 2R1B » Click to show Spoiler - click again to hide... « 2. A-32-7, The Elements@Ampang 1432sqft Auction: 22/2/18 Freehold » Click to show Spoiler - click again to hide... « 3. Launching price 460k in 2013. Auction price today: 01-05-07, Verdi Residence@ Symphony Hills, Cyberjaya 700sf 1rooms 1baths, Freehold, BUMILOT » Click to show Spoiler - click again to hide... « 4. 2-26-09, M-City@ Jalan Ampang, KL 1653sf 3+1rooms 4baths High floor, Freehold. » Click to show Spoiler - click again to hide... « 5. B4-7-3 Mirage By the Lake, Cyberjaya 1009sqft Non bumi 2 carparks Freehold » Click to show Spoiler - click again to hide... « |
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Feb 13 2018, 05:54 PM
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Junior Member
493 posts Joined: Sep 2010
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Malaysia real estate is screwed this time --> https://finance.yahoo.com/video/mortgage-ra...-195800789.html
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Feb 13 2018, 08:21 PM
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(value_investor @ Feb 13 2018, 05:54 PM) Malaysia real estate is screwed this time --> https://finance.yahoo.com/video/mortgage-ra...-195800789.html We will follow suit. One more rate hike this year, and some more next year. |
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Feb 14 2018, 02:41 PM
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Senior Member
1,184 posts Joined: Sep 2009
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QUOTE(AskarPerang @ Feb 12 2018, 11:29 PM) Selected auction units from HSBC to grab when everyone probably still busy celebrating CNY. Once a year, this is the best period to BBB a unit at super cheap auction price. wow so enticing, too bad no bullet Date: 22 Feb (Thursday) Time: 3PM 1. 10-25, Menara U @Seksyen 13, Shah Alam Chinese owner. Non bumi lot. 527sf, 10th floor, 2R1B » Click to show Spoiler - click again to hide... « 2. A-32-7, The Elements@Ampang 1432sqft Auction: 22/2/18 Freehold » Click to show Spoiler - click again to hide... « 3. Launching price 460k in 2013. Auction price today: 01-05-07, Verdi Residence@ Symphony Hills, Cyberjaya 700sf 1rooms 1baths, Freehold, BUMILOT » Click to show Spoiler - click again to hide... « 4. 2-26-09, M-City@ Jalan Ampang, KL 1653sf 3+1rooms 4baths High floor, Freehold. » Click to show Spoiler - click again to hide... « 5. B4-7-3 Mirage By the Lake, Cyberjaya 1009sqft Non bumi 2 carparks Freehold » Click to show Spoiler - click again to hide... «  |
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Feb 14 2018, 03:17 PM
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Senior Member
1,288 posts Joined: Sep 2012
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QUOTE(diversity @ Feb 14 2018, 02:41 PM) wow so enticing, too bad no bullet play auction the cash outlay is huge mang deals all seems delicious  |
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Feb 14 2018, 08:44 PM
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Junior Member
692 posts Joined: Oct 2006
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QUOTE(diversity @ Feb 14 2018, 02:41 PM) wow so enticing, too bad no bullet all high-rise, not very enticing to me. |
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Feb 14 2018, 10:15 PM
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Senior Member
600 posts Joined: Apr 2017
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Again the so call Bank valuation price on first bid are mostly inflated.
You thought you have 30% discount on round four but in reality it is probably much less. High cash outlay, no viewing opportunities make auction risky. Do your homework, alot, and not only look at the disount from so call MV. |
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Feb 16 2018, 05:31 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(e-lite @ Feb 14 2018, 08:44 PM) all high-rise, not very enticing to me. Landed also got. Depend which area you aim.Million dollar landed at Cyberjaya can get below 1M via auction. Newly completed project at Puncak Alam or Rawang can get price below launching price in auction. Such as M Residence 2, MKH Bandar Hillpark, Lowyat group Garden Height, etc. |
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Feb 16 2018, 06:33 PM
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Senior Member
1,780 posts Joined: Nov 2010
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QUOTE(Sand Dust @ Feb 14 2018, 10:15 PM) Again the so call Bank valuation price on first bid are mostly inflated. dont simply say and pretend dumb here, read the tread, people are catching dead chicken here for those auction after VP. below launching price and can view because the dead chicken very 'Fresh'......Fresh dead chicken to catch, don't miss the opportunities.You thought you have 30% discount on round four but in reality it is probably much less. High cash outlay, no viewing opportunities make auction risky. Do your homework, alot, and not only look at the disount from so call MV. do your homework before comment. This post has been edited by Nikmon: Feb 16 2018, 06:33 PM |
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Feb 17 2018, 08:53 AM
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(AskarPerang @ Feb 16 2018, 05:31 PM) Landed also got. Depend which area you aim. Yes, opportunity aplenty, if you have the money.Million dollar landed at Cyberjaya can get below 1M via auction. Newly completed project at Puncak Alam or Rawang can get price below launching price in auction. Such as M Residence 2, MKH Bandar Hillpark, Lowyat group Garden Height, etc. |
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Feb 19 2018, 09:46 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Feb 20 2018, 07:02 PM
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Senior Member
600 posts Joined: Apr 2017
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QUOTE(Nikmon @ Feb 16 2018, 06:33 PM) dont simply say and pretend dumb here, read the tread, people are catching dead chicken here for those auction after VP. below launching price and can view because the dead chicken very 'Fresh'......Fresh dead chicken to catch, don't miss the opportunities. Dear Friend, do your homework before comment. The thread is "Auction Properties" and not "Auction Properties that newly VP" I am sharing my view and experience. If this annoy you, not sure why, please ignore me. |
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Feb 20 2018, 10:29 PM
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Senior Member
1,780 posts Joined: Nov 2010
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QUOTE(Sand Dust @ Feb 20 2018, 07:02 PM) Dear Friend, just check auction unit shared here, all are in great discount, which one not real, which is inflated price, simply comment without fact...The thread is "Auction Properties" and not "Auction Properties that newly VP" I am sharing my view and experience. If this annoy you, not sure why, please ignore me. just want to let you know what is reality and stop dreaming... |
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Feb 20 2018, 10:59 PM
Show posts by this member only | IPv6 | Post
#160
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Senior Member
600 posts Joined: Apr 2017
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QUOTE(Nikmon @ Feb 20 2018, 10:29 PM) just check auction unit shared here, all are in great discount, which one not real, which is inflated price, simply comment without fact... Again my comments remind people to be cautious of the first round price, which suppose to be the so called market value of the said property. just want to let you know what is reality and stop dreaming... But if one do more homework this is not neessarily true. I do dream and at the same time do my best to understand the reality by reading more. Auction property is great but do your homework to minimize the risk. |
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Feb 21 2018, 03:02 AM
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Junior Member
194 posts Joined: Aug 2016
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I appreciated it since it really remind me before trusting the value price by looking at it.
QUOTE(Sand Dust @ Feb 20 2018, 10:59 PM) Again my comments remind people to be cautious of the first round price, which suppose to be the so called market value of the said property. But if one do more homework this is not neessarily true. I do dream and at the same time do my best to understand the reality by reading more. Auction property is great but do your homework to minimize the risk. |
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Feb 21 2018, 03:27 AM
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All Stars
21,456 posts Joined: Jul 2012
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Registered valuers based their valuation on transacted price, hence tend to lag behind "current" market value when there is a rapid change of value either rise or drop. Given unknown factors i.e risks in foreclosure property, it is sensible to bid or buy at substantial below market price. |
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Mar 1 2018, 11:49 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Bold berani mati move.
Take note that the property is not own by you yet even after you win the bidding. Be patient! Use the proper ways. This post has been edited by AskarPerang: Mar 1 2018, 11:50 AM |
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Mar 1 2018, 02:34 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Mar 1 2018, 11:49 AM) Bold berani mati move. Can pl give us the link for auction properties ?Take note that the property is not own by you yet even after you win the bidding. Be patient! Use the proper ways. |
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Mar 1 2018, 02:47 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Mar 1 2018, 02:34 PM) Can pl give us the link for auction properties ? http://www.lelongtips.com.my/ |
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Mar 2 2018, 10:52 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Few results update:
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Mar 2 2018, 01:44 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Mar 2 2018, 10:52 AM) Few results update: U R vip member in lelongtips ? If yes, how much need to pay ? |
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Mar 3 2018, 01:07 AM
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Junior Member
194 posts Joined: Aug 2016
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QUOTE(topearn @ Mar 2 2018, 01:44 PM) U R vip member in lelongtips ? If yes, how much need to pay ? 300k for a big double terrace not too bad huh |
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Mar 3 2018, 01:07 AM
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Junior Member
194 posts Joined: Aug 2016
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QUOTE(topearn @ Mar 2 2018, 01:44 PM) U R vip member in lelongtips ? If yes, how much need to pay ? 300k for a big double terrace not too bad huh |
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Mar 17 2018, 03:09 PM
Show posts by this member only | IPv6 | Post
#170
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Senior Member
590 posts Joined: Aug 2005
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http://www.starproperty.my/index.php/artic...do-you-survive/
A very long article but interesting read |
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Mar 17 2018, 03:32 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(acougan @ Mar 17 2018, 03:09 PM) http://www.starproperty.my/index.php/artic...do-you-survive/ National land code 1965 apply only if title is issued.A very long article but interesting read Even if borrower could prevent auction to take place, liability remain unchanged, still need to repay loan. This post has been edited by icemanfx: Mar 17 2018, 03:32 PM |
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Mar 17 2018, 03:45 PM
Show posts by this member only | IPv6 | Post
#172
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Senior Member
590 posts Joined: Aug 2005
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QUOTE Extension of time to settle balance purchase price The usual requirement under the Proclamation of Sale is that the purchaser at the public auction is normally required to settle the balance of the purchase price within 90 days after paying the required 10% of the purchase price. The chargor (borrower) must be consulted and his consent obtained if there is any application by the purchaser for any extension of time to settle the balance of the purchase price. The bank cannot on their own, unilaterally grant the purchaser the extension of time they applied for. Failure on the part of the lending bank to obtain the chargor’s (borrower’s) consent will render the sale of the borrower’s property at the public auction void (has no legal effect and unenforceable) (refer to M&J Frozen Food Sdn Bhd v Siland Sdn Bhd & Anor [1994] 1 MLJ 294 SC). Even after your property has been sold by the lending bank at the public auction, you will need to monitor the progress of the sale. You will know when the balance 90% of the purchase price has to be paid by the purchaser (90 days from the date of the public auction). On the 91st day after the public auction, go to the bank to ask if the purchaser has paid the 90% of the purchase price. If the lending Bank refuses to answer your query or give you a vague answer, immediately get yourself a lawyer and tell him the whole story. Your lawyer will know what to do next and he will take care of you from then on. Show him this article if you like. |
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Mar 17 2018, 04:12 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(acougan @ Mar 17 2018, 03:45 PM) This post has been edited by icemanfx: Mar 17 2018, 04:33 PM |
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Mar 18 2018, 05:25 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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icity seems to be hot in demand. studio size unit. i wander why. any insider news to share?
here prove people willing to bid until 300k in auction. another unit sold 250k in auction here: and now this is last year lelong unit won at 265k. eventually when open the unit, it is fully furnish condition. airbnb unit. lucky buyer. able to flip at 355k within a month. |
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Mar 18 2018, 08:05 PM
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Senior Member
590 posts Joined: Aug 2005
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Sell off the next month!? 30% rpgt!?
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Mar 18 2018, 08:24 PM
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Senior Member
3,459 posts Joined: Jan 2009
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Any semi Ds for auction in Cyberjaya ?
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Mar 18 2018, 09:05 PM
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Junior Member
92 posts Joined: Feb 2018
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QUOTE(acougan @ Mar 18 2018, 08:05 PM) Sell off the next month!? 30% rpgt!? 3 years also 30%..1 month 50k quite good what |
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Mar 19 2018, 12:27 AM
Show posts by this member only | IPv6 | Post
#178
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All Stars
20,146 posts Joined: May 2011
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QUOTE(topearn @ Mar 18 2018, 08:24 PM) Any semi Ds for auction in Cyberjaya ? r u bumi? if yes you are in for luck. quite a few. |
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Mar 19 2018, 09:07 AM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(BEANCOUNTER @ Mar 19 2018, 12:27 AM) r u bumi? if yes you are in for luck. quite a few. I'm Chinese, but am curious to know where are such bumi semi D units for auction ? Appreciate giving us the link please ? |
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Mar 19 2018, 09:46 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Mar 19 2018, 09:07 AM) I'm Chinese, but am curious to know where are such bumi semi D units for auction ? Appreciate giving us the link please ? Symphony hills got 2 units. 2 storey semi D. Posted in that thread there. Different bank but same valuation. Drop from 1.7M. Currently is at 1.24M. Expecting to fall below 1M before anyone bids for the unit. |
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Mar 19 2018, 10:21 AM
Show posts by this member only | IPv6 | Post
#181
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Senior Member
1,931 posts Joined: Mar 2008
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QUOTE(AskarPerang @ Mar 19 2018, 09:46 AM) Symphony hills got 2 units. 2 storey semi D. Posted in that thread there. Different bank but same valuation. Drop from 1.7M. If its beethoven,better get it before it drop under 1m to get better opportunity.Currently is at 1.24M. Expecting to fall below 1M before anyone bids for the unit. |
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Mar 19 2018, 11:22 AM
Show posts by this member only | IPv6 | Post
#182
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AskarPerang @ Mar 19 2018, 09:46 AM) Symphony hills got 2 units. 2 storey semi D. Posted in that thread there. Different bank but same valuation. Drop from 1.7M. I thought SH auctions mostly are bumi units?Currently is at 1.24M. Expecting to fall below 1M before anyone bids for the unit. |
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Mar 19 2018, 11:24 AM
Show posts by this member only | IPv6 | Post
#183
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All Stars
20,146 posts Joined: May 2011
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QUOTE(topearn @ Mar 19 2018, 09:07 AM) I'm Chinese, but am curious to know where are such bumi semi D units for auction ? Appreciate giving us the link please ? you kuku the web or I thought you have signed up for lelong website? almost ever yweek also they send listing to my email until I blocked them.everything spoon feed meh? you are as regular as I am here, am sure you read all these auction units before. |
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Mar 24 2018, 01:42 PM
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Junior Member
258 posts Joined: Sep 2006
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what happened if u won an auction unit, later u find out the unit outstanding maintenance fee a few ten thousand?
who pays? This post has been edited by nbi: Mar 24 2018, 01:45 PM |
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Mar 24 2018, 01:50 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(nbi @ Mar 24 2018, 01:42 PM) what happened if u won an auction unit, later u find out the unit own maintenance fee for a few ten thousand? Depending on what stated in the POS. Some banks cover fully. Some banks cover partially and some bank no cover at all. Anyway, as a wise buyer, of course you dont simply blindly go and bid without checking first. Sure to check it out. - Check with the JMB / MC on all outstanding fees. (sometimes water is still under JMB). - Check with that area Majlis Perbandaran / Bandaraya for all outstanding cukai taksiran. Utility bill is harder to check. If possible need to korek the mailbox to get. Utility bank wont cover but no harm trying your luck as per a rare case here: |
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Mar 24 2018, 06:36 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(nbi @ Mar 24 2018, 01:42 PM) what happened if u won an auction unit, later u find out the unit outstanding maintenance fee a few ten thousand? Outstanding bills are the least of yr worries when bidding for auction unitwho pays? |
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Mar 24 2018, 08:08 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Shir L @ Mar 24 2018, 07:32 PM) y is there a thing called auctioning the unit? instead of just selling out? Bank gives out loan for the house but the owner didnt repay the bank. Easy. Because bank wants to recover the loss. So auction is the fastest method to find a new buyer. |
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Mar 25 2018, 02:41 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(Shir L @ Mar 25 2018, 01:32 AM) ahhh okay i got it now~ i tot its the buyer or renter making their own "auction" platform hahahaha!! There are two types of auctions in malaysia One is bank auction to recover the debt The other one is private auction. Perhaps askedperang can explain what is private auction. In US bank forced auction is called foreclosure. |
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Mar 25 2018, 04:40 AM
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Senior Member
1,678 posts Joined: Mar 2016
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QUOTE(BEANCOUNTER @ Mar 25 2018, 02:41 AM) There are two types of auctions in malaysia In Aus auction is just a normal sale...One is bank auction to recover the debt The other one is private auction. Perhaps askedperang can explain what is private auction. In US bank forced auction is called foreclosure. |
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Mar 25 2018, 05:39 AM
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All Stars
14,511 posts Joined: Sep 2017
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The legal term for a public auction to recover a debt in M'sia is 'FORECLOSURE".
Bank Auction or Court Auction are layman terms for ease of understanding and conversation. 'PRIVATE AUCTION' are sales initiated by property owners. The purpose is to encourage interested buyers to bid rather than to negotiate on the price. In Malaysia, private auction is not common due to the stigma that property auction is related to a failure to pay a loan. Another reason is the final property price in private auction may not be the minimum what the property owner wanted therefore most property owners will prefer negotiation. In all auctions, the starting bidding price cannot be set high, otherwise you get few bidders or none at all. Is through the bidding process that gets the bidders excited. This post has been edited by mini orchard: Mar 25 2018, 06:03 AM |
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Mar 25 2018, 05:57 AM
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Junior Member
527 posts Joined: Jul 2017
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QUOTE(empatTan @ Mar 25 2018, 04:40 AM) In Aus auction is just a normal sale... In Aust, when the market is fairly strong, you want people to 'commit' fast so you would use the auction strategy and you can accept the highest price (pre-auction offer) if you want (without going to an auction). If it is a very, very strong market, you wait for buyers to fight it out in the auction as there are usually more bidders than you think. You won't usually accept any offers in a strong market (like what happened 2 years ago in Sydney). Nowadays the market has really cooled off (about 8% off the peak), you would accept a pre-auction offer which is what is happening now. This is called Sold Prior To sale. You won't use auction in a weak market as auction costs can be quite high as you need an auctioneer and a place to hold the auction which may be a hotel conference room. Usually auctioneers have their own office to hold the auction. In a weak market, you just nominate your price with a For Sale and hope that someone will make you an offer. If you are not happy with what people are offering and you want to sell the property fast, you put a Under Offer in the hope that someone will better that offer. If you still can't get the price you want, you withdraw it from the market. People normally don't want to leave their property too long in the market as this devalues their property price. Properties that are sold off by the banks because the buyer has defaulted on the loan is called a Mortgagee Sale. This would only happen in a distressed market. This post has been edited by Garysydney: Mar 25 2018, 06:09 AM |
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Mar 25 2018, 04:22 PM
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Junior Member
253 posts Joined: Jan 2010
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Auction newbie here,
Hi sifu, 1) how or where to check caveat for Selangor property? 2) how to check tnb, water bill and unifi bill for auction property? 3) do you have any contractor to do refurbishment after auction in Klang area? Thank you in advanced |
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Mar 29 2018, 10:34 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Very rare case today. Low cost flat able to fetch 230k in the lelong market!!!
9 on site bidders + 4 online bidders = 13 bidders total, reserve price starts at 100k only. Maybe got gold mine inside the unit. Who knows.  p/s: Sri Aman apartment by the way to those wandering. Located just next to Taman Paramout LRT station. This post has been edited by AskarPerang: Mar 29 2018, 11:08 PM |
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Mar 30 2018, 09:16 AM
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Senior Member
623 posts Joined: Dec 2006
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QUOTE(alwyn75 @ Mar 25 2018, 04:22 PM) Auction newbie here, 1) I go straight to Pejabat Tanah dan Galian in Shah Alam, do a carian persendirian.Hi sifu, 1) how or where to check caveat for Selangor property? 2) how to check tnb, water bill and unifi bill for auction property? 3) do you have any contractor to do refurbishment after auction in Klang area? Thank you in advanced 2) tnb and syabas, try to get a physical copy from the mailbox. I've gotten lucky before by just giving the address and name. No need to pay for unifi lah. 3) duh! This post has been edited by jetwash: Mar 30 2018, 09:16 AM |
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Mar 30 2018, 09:55 AM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(jetwash @ Mar 30 2018, 09:16 AM) 1) I go straight to Pejabat Tanah dan Galian in Shah Alam, do a carian persendirian. U mean U go to the auction property n open the mailbox n just take the bills ? This is stealing, right ?2) tnb and syabas, try to get a physical copy from the mailbox. I've gotten lucky before by just giving the address and name. No need to pay for unifi lah. 3) duh! |
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Mar 30 2018, 11:07 AM
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Senior Member
1,811 posts Joined: Jan 2003 From: KL
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QUOTE(AskarPerang @ Mar 29 2018, 10:34 PM) |
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Mar 30 2018, 11:20 AM
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Senior Member
1,678 posts Joined: Mar 2016
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QUOTE(AskarPerang @ Mar 29 2018, 10:34 PM) Very rare case today. Low cost flat able to fetch 230k in the lelong market!!! D power of PJ!... and noob bidders...9 on site bidders + 4 online bidders = 13 bidders total, reserve price starts at 100k only. Maybe got gold mine inside the unit. Who knows. p/s: Sri Aman apartment by the way to those wandering. Located just next to Taman Paramout LRT station. |
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Mar 30 2018, 11:21 AM
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Newbie
2 posts Joined: Mar 2018
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I need to be there physically for auction or I can do it online? read about previous post about online bidder
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Mar 30 2018, 11:30 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(mika_12345 @ Mar 30 2018, 11:21 AM) I need to be there physically for auction or I can do it online? read about previous post about online bidder Yes selected bank and selected auctioneer now able to bid online live. In near future, I would say 100% all auctions can do online live bidding. |
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Mar 30 2018, 11:34 AM
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Newbie
2 posts Joined: Mar 2018
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QUOTE(AskarPerang @ Mar 30 2018, 11:30 AM) Yes selected bank and selected auctioneer now able to bid online live. thanks In near future, I would say 100% all auctions can do online live bidding. I am quite interested in auction unit but still doing my research...haha |
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Mar 30 2018, 08:11 PM
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Junior Member
253 posts Joined: Jan 2010
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QUOTE(mika_12345 @ Mar 30 2018, 11:21 AM) I need to be there physically for auction or I can do it online? read about previous post about online bidder Online bidder register here?https://elelong.kehakiman.gov.my/BidderWeb/Account/Register Now learning...Hope not too late |
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Mar 30 2018, 08:38 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Mar 30 2018, 11:30 AM) Yes selected bank and selected auctioneer now able to bid online live. On9 bidding same as being there itself ? By if U go there have to put up a 10% bank draft to go into the auction room, right ? So how about on9 bidding ?In near future, I would say 100% all auctions can do online live bidding. |
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Mar 30 2018, 08:42 PM
Show posts by this member only | IPv6 | Post
#203
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Junior Member
566 posts Joined: Oct 2012
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The infrastructure for online bidding is not that ready. I still think it is best to come down to the auction hall yourself. You can see how a few auction house has failed in implementing the system, lag, crash etc.
If you are in the hall, you know what's going around but imagine if you are in your bed and suddenly the number isnt moving, your bid isnt taken, your system suddenly isnt working, who to blame? You are going to lose the auction just like that. Plus your presence plays an important role in intimidating other bidders. |
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Mar 30 2018, 08:43 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Mar 30 2018, 08:38 PM) On9 bidding same as being there itself ? By if U go there have to put up a 10% bank draft to go into the auction room, right ? So how about on9 bidding ? Same. You have to bank in the 10% amount to the auctioneer when registered online at least 1 day before. But refund process will take few days tho if you are the unsuccessful bidder. |
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Mar 30 2018, 08:59 PM
Show posts by this member only | IPv6 | Post
#205
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Senior Member
992 posts Joined: Jun 2012
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QUOTE(alwyn75 @ Mar 30 2018, 08:11 PM) Online bidder register here? i clicked into the website Auction list. It shows all Pahang properties, not other states.https://elelong.kehakiman.gov.my/BidderWeb/Account/Register Now learning...Hope not too late |
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Mar 30 2018, 09:02 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Mar 30 2018, 08:43 PM) Same. You have to bank in the 10% amount to the auctioneer when registered online at least 1 day before. But refund process will take few days tho if you are the unsuccessful bidder. Means better to go bid in the auction room cos can take back the bank draft immeidately after the auction, right ? |
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Mar 30 2018, 09:34 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Mar 30 2018, 09:02 PM) Means better to go bid in the auction room cos can take back the bank draft immeidately after the auction, right ? Yes but not all property will auction at the same state the property is at. Coz in KL you can still find property being auction all over malaysia. Like Sabah, Sarawak. So online bidding will serve the purpose for those ppl there buying the property over there and the auction is held in KL. |
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Mar 30 2018, 11:03 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Part 2 of that low cost lelong unit. No wander hit above 200k. This is not the first time. Last year unit there sold via lelong at 267k for a 650sqft low cost flat! Wow!
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Apr 1 2018, 12:24 AM
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Junior Member
445 posts Joined: Apr 2006
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Do we need to pay snp fee when buy auction property?
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Apr 1 2018, 10:08 AM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(HappyGuy @ Apr 1 2018, 12:24 AM) Do we need to pay snp fee when buy auction property? Just like you buy subsale. |
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Apr 1 2018, 06:58 PM
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Junior Member
445 posts Joined: Apr 2006
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QUOTE(bryan_x00 @ Apr 1 2018, 10:08 AM) Just like you buy subsale. Thanks. |
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Apr 3 2018, 09:05 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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8 Petaling size 2024sqft unit sold at 720k today in lelong market.
5 on site bidder + 2 online bidder = 7 bidders Reserve price started at 626k.  Video online + on site bidding of the unit: |
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Apr 3 2018, 09:31 PM
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Junior Member
63 posts Joined: Oct 2015
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Thanks for the info, bro |
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Apr 3 2018, 09:45 PM
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Senior Member
590 posts Joined: Aug 2005
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Sorry i noob, why so many ppl in the hall? Are they all registered bidders?
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Apr 4 2018, 07:37 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(acougan @ Apr 3 2018, 09:45 PM) Sorry i noob, why so many ppl in the hall? Are they all registered bidders? This is public auction. Open to all. Anyone can enter. Free viewing. And free food too. Haha. As compare with high court auction. Is close door. Only registered bidder or authorized nominated representative of bidder can enter. |
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Apr 4 2018, 09:16 AM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Apr 4 2018, 07:37 AM) This is public auction. Open to all. Anyone can enter. Free viewing. And free food too. Haha. Free food - what food n drinks they provide ? Where is the auction held ? Normally how many properties being auctioned ?As compare with high court auction. Is close door. Only registered bidder or authorized nominated representative of bidder can enter. This post has been edited by topearn: Apr 4 2018, 09:17 AM |
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Apr 6 2018, 07:37 AM
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Junior Member
258 posts Joined: Sep 2006
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what happened if u won an auction, but later found out the house is a bumi lot and u r not?
will deposit get burn? |
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Apr 6 2018, 08:01 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(nbi @ Apr 6 2018, 07:37 AM) what happened if u won an auction, but later found out the house is a bumi lot and u r not? If the bumi lot restriction is not stated in the POS, then you will get back the 10% and the unit will reauction back at the last reserve price with bumi lot restriction imposed. will deposit get burn? Problem is got some over confident buyer, after winning straight cleared all the outstanding amount with own money. Those of course not able to claim back and will be considered burnt. New bumi purchaser after that will be happy and surprise to find the lelong unit that come with zero outstanding. Got real case happen for Vista Alam unit. And the chinese bidder actually paid side deal another 2 bidders not to bid for rm5k each. All his effort wasted. This post has been edited by AskarPerang: Apr 6 2018, 08:04 AM |
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Apr 6 2018, 01:02 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Apr 6 2018, 08:01 AM) If the bumi lot restriction is not stated in the POS, then you will get back the 10% and the unit will reauction back at the last reserve price with bumi lot restriction imposed. Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ?Problem is got some over confident buyer, after winning straight cleared all the outstanding amount with own money. Those of course not able to claim back and will be considered burnt. New bumi purchaser after that will be happy and surprise to find the lelong unit that come with zero outstanding. Got real case happen for Vista Alam unit. And the chinese bidder actually paid side deal another 2 bidders not to bid for rm5k each. All his effort wasted. |
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Apr 6 2018, 01:07 PM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(topearn @ Apr 6 2018, 01:02 PM) Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ? Ya can I join cari makan too? |
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Apr 6 2018, 01:11 PM
Show posts by this member only | IPv6 | Post
#221
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(topearn @ Apr 6 2018, 01:02 PM) Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ? Need to show bank draft. |
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Apr 6 2018, 01:28 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(topearn @ Apr 6 2018, 01:02 PM) Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ? QUOTE(bryan_x00 @ Apr 6 2018, 01:07 PM) Ya can I join cari makan too? Don't spoil the market by having this ill intention. |
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Apr 6 2018, 01:34 PM
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Senior Member
15,454 posts Joined: Nov 2011
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QUOTE(topearn @ Apr 6 2018, 01:02 PM) Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ? Wah.. you are really terror to come out with this idea.. But first you need to guess which unit will be hot in bidding.  |
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Apr 6 2018, 01:46 PM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(samkps @ Apr 6 2018, 01:34 PM) Wah.. you are really terror to come out with this idea.. cannot too hot. 2 or 3 bidders the best. But first you need to guess which unit will be hot in bidding. |
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Apr 6 2018, 02:18 PM
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Senior Member
15,454 posts Joined: Nov 2011
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QUOTE(bryan_x00 @ Apr 6 2018, 01:46 PM) cannot too hot. 2 or 3 bidders the best. If not hot one very risky. Why one need to offer you 5k for not bidding? Some more after you place bid, others might not follow and you are forced to buy that auction unit already... This post has been edited by samkps: Apr 6 2018, 02:18 PM |
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Apr 6 2018, 02:21 PM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(samkps @ Apr 6 2018, 02:18 PM) If not hot one very risky. Why one need to offer you 5k for not bidding? Some more after you place bid, others might not follow and you need to buy that auction unit already... too hot sure many ppl register mah say 8 registrants, then need to pay 5k x 7 = 35k. 2 or 3 then pay 10k only you register only no need bid also can mah. that fella need to arrange with you before start bidding la i think, you bid already halfway how to make arrangement with you. |
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Apr 6 2018, 02:30 PM
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Senior Member
15,454 posts Joined: Nov 2011
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QUOTE(bryan_x00 @ Apr 6 2018, 02:21 PM) too hot sure many ppl register mah say 8 registrants, then need to pay 5k x 7 = 35k. 2 or 3 then pay 10k only The person really desperate want to have the unit and don't mind to pay 35k to get the unit instead of bidding I presume? Else for the hot unit might bid more than 35k? Not like this one huh?you register only no need bid also can mah. that fella need to arrange with you before start bidding la i think, you bid already halfway how to make arrangement with you. So mostly the offer will be for those unit with 2-3 bidders only? Then this can become the business opportunity already.. One should just register to all units and don't bid, wait for offer. If no offer, just lose the money buying the banker cheques. If got offer, then huat liao loh.. One month got 3-4 offers also good loh.. This post has been edited by samkps: Apr 6 2018, 02:32 PM |
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Apr 6 2018, 02:38 PM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(samkps @ Apr 6 2018, 02:30 PM) The person really desperate want to have the unit and don't mind to pay 35k to get the unit instead of bidding I presume? Else for the hot unit might bid more than 35k? Not like this one huh? few bidders easy kawtim mah.. successful rate higher So mostly the offer will be for those unit with 2-3 bidders only? Then this can become the business opportunity already.. One should just register to all units and don't bid, wait for offer. If no offer, just lose the money buying the banker cheques. If got offer, then huat liao loh.. One month got 3-4 offers also good loh.. register all units don't know will blacklisted or not haha but our bro askerperang said don't spoil market |
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Apr 6 2018, 02:46 PM
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Senior Member
15,454 posts Joined: Nov 2011
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QUOTE(bryan_x00 @ Apr 6 2018, 02:38 PM) few bidders easy kawtim mah.. successful rate higher Then you need to guess which unit have desperate buyer with few bidders already... register all units don't know will blacklisted or not haha but our bro askerperang said don't spoil market Is there any rule saying cannot register for all units? Important I believe if the person can have enough cash to buy the banker cheques for all units. Actually it is good for the prospective purchasers, willing giver and willing bidder, why spoil market? The previous owner and bank might feel sad lah, because the lelong units nobody bidding.. This post has been edited by samkps: Apr 6 2018, 02:57 PM |
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Apr 6 2018, 03:02 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(bryan_x00 @ Apr 6 2018, 02:38 PM) few bidders easy kawtim mah.. successful rate higher I think eah unit U register, U need 10% bank draft, so if got 5 properties of RM300K reserve price, U need to prepare 5 RM30K draft, total RM150K - big bullets, U know - n maybe not even 1 is hot property, so no one offer U any money not to bid. Not sure win, u know.register all units don't know will blacklisted or not haha but our bro askerperang said don't spoil market |
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Apr 8 2018, 10:35 PM
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Junior Member
258 posts Joined: Sep 2006
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if only u registered for an auction property, does it mean u won the auction? can u withdraw without bid it? do u know how many people registered for an auction property b4 it starts?
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Apr 20 2018, 05:36 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Mar 23 2018, 12:14 PM) ST2-24-14, Menara Solstice 2 New reserve price 🔥🔥RM 295,300🔥🔥 Freehold 893sqft 3R2B Auction: Mid Apr 2018 Auction record: same size unit sold at 364.5k in Feb 18.  Solstice 2 unit sold at 348k. 2 on site bidder + 2 online bidder = total 4 bidders. Still cheap but not smart enough. Should just enter at 328k previous reserve price and take unchallenge at 328k last month. 20k wasted. Yes again experience show that when price drop too low, price gonna end up high above previous reserve price. This post has been edited by AskarPerang: Apr 20 2018, 05:45 PM |
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Apr 21 2018, 04:17 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Apr 21 2018, 07:26 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(nbi @ Apr 8 2018, 10:35 PM) if only u registered for an auction property, does it mean u won the auction? can u withdraw without bid it? do u know how many people registered for an auction property b4 it starts? U need to bid to stand a chance to win. |
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Apr 25 2018, 09:38 PM
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Junior Member
258 posts Joined: Sep 2006
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SPA legal fee for an auctioned property, is it based on auctioned price or market price?
same question goes to STAMP DUTY. |
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Apr 25 2018, 10:03 PM
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Senior Member
1,780 posts Joined: Nov 2010
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QUOTE(nbi @ Apr 25 2018, 09:38 PM) SPA legal fee for an auctioned property, is it based on auctioned price or market price? all wrong , it is based on transacted price...lolsame question goes to STAMP DUTY. |
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Apr 25 2018, 10:12 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(nbi @ Apr 25 2018, 09:38 PM) SPA legal fee for an auctioned property, is it based on auctioned price or market price? No S&P for auction property. You are using the sales contract. same question goes to STAMP DUTY. Valuer also will but this under forces sale pricing in the valuation report. You appoint lawyer to help you to do the name transfer. Will be based on the force sale pricing. If you are taking bank loan, then there will be another lawyer to do the loan stuff. For this part is just like subsale property. |
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Apr 26 2018, 12:10 AM
Show posts by this member only | IPv6 | Post
#238
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Junior Member
130 posts Joined: Jan 2011 From: Johor / Selangor
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QUOTE(AskarPerang @ Apr 25 2018, 10:12 PM) No S&P for auction property. You are using the sales contract. so tentatively how much needed (in%) exclude the 10% bankdraft ?Valuer also will but this under forces sale pricing in the valuation report. You appoint lawyer to help you to do the name transfer. Will be based on the force sale pricing. If you are taking bank loan, then there will be another lawyer to do the loan stuff. For this part is just like subsale property. |
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Apr 27 2018, 01:46 PM
Show posts by this member only | IPv6 | Post
#239
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Apr 10 2018, 02:15 PM) No taker again. 2 bidders today. Unit sold at 430k. Congrats. NEW PRICE: 🔥🔥 RM 389,000 🔥🔥 ❌ Bottom of the Bottom Undetermined ❌ Size: 2485sqft Date: 27-April-2018 1st auction Rm1,000,000 2nd auction Rm900,000 3rd auction Rm810,000 4th auction Rm729,000 5th auction Rm657,000 6th auction Rm592,000 7th auction Rm533,000 8th auction Rm480000 9th auction Rm432000 10th auction Rm389000---> Latest RM156 per sqft only for a new property. Where to find? More than 50% below subsale price, more than 60% below bank valuation. This post has been edited by AskarPerang: Apr 28 2018, 01:14 AM |
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Apr 27 2018, 05:11 PM
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Senior Member
1,203 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(nbi @ Apr 25 2018, 09:38 PM) SPA legal fee for an auctioned property, is it based on auctioned price or market price? stamp duty ikut auction price, not market value.same question goes to STAMP DUTY. |
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Apr 27 2018, 05:43 PM
Show posts by this member only | IPv6 | Post
#241
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Junior Member
176 posts Joined: Dec 2016
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QUOTE(AskarPerang @ Apr 27 2018, 01:46 PM) 2 bidders today. Unit sold at 430k. Congrats. Good buy...lucky for the buyer that the final price hasn't breached previous reserve price. More than 50% below subsale price, more than 60% below bank valuation. Wonder how much is the maintenance fee for such a large unit though. |
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May 24 2018, 11:30 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Jun 2 2018, 06:29 PM
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Junior Member
258 posts Joined: Sep 2006
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An auction property's POS document stated - The title is subject to “sekatan kepentingan” where consent to transfer is required.
is it Bumi Lot? as per http://www.halalmoney.my/beza-antara-freeh...nda-harus-tahu/ This post has been edited by nbi: Jun 2 2018, 06:31 PM |
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Jun 21 2018, 11:43 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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JB props. 5 bidders. Dominated by only 1 race.
Bid until exceeded previous reserve price. But a check in brickz, same size unit transacted at 820k before. Still very cheap in lelong at this final price. Launch at 1k psf nett (after rebate). Now can get at half price in lelong? |
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Jun 22 2018, 02:40 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Apr 7 2018, 03:47 PM) Another unit sold today at below 300k. 1000sqft Mutiara Ville condo. Here's the winner. Only single bidder. Wow. Nobody else interested even at below 300k. Check my previous posting to see the S&P pricing of such unit. Opening of this unit with plenty of free gifts.  Good catch. |
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Jun 22 2018, 04:29 PM
Show posts by this member only | IPv6 | Post
#246
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Junior Member
176 posts Joined: Dec 2016
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Looks like its a good time to shop for auction props now.. so many choices available
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Jun 22 2018, 05:31 PM
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Senior Member
1,931 posts Joined: Mar 2008
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QUOTE(jo8981 @ Apr 27 2018, 05:43 PM) Good buy...lucky for the buyer that the final price hasn't breached previous reserve price. same unit or she bought 2 unit ?Wonder how much is the maintenance fee for such a large unit though. |
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Jun 22 2018, 05:40 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Learjet35 @ Jun 22 2018, 05:31 PM) same unit or she bought 2 unit ? Same unit. And is a he. Won by Dr Ishaq. No idea he bidded for his own or for a client. |
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Jun 22 2018, 06:32 PM
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Senior Member
672 posts Joined: Jun 2015
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QUOTE(jo8981 @ Jun 22 2018, 03:29 PM) Looks like its a good time to shop for auction props now.. so many choices available Can try Fennel Sentul, sold below purchase price 4years back  https://www.brickz.my/transactions/resident...range=2017+Nov- |
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Jun 22 2018, 06:39 PM
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Senior Member
4,224 posts Joined: Mar 2014
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QUOTE(m0n0p0ly @ Jun 22 2018, 06:32 PM) Can try Fennel Sentul, sold below purchase price 4years back fuyo... no rental...now the selling price also kena slash.... https://www.brickz.my/transactions/resident...range=2017+Nov-but dont worry....most of the owners are loaded...every month rugi 2k is sap sap soi....not even enough for their super car petrol... This post has been edited by bigman: Jun 22 2018, 06:40 PM |
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Jun 22 2018, 06:55 PM
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Senior Member
672 posts Joined: Jun 2015
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QUOTE(bigman @ Jun 22 2018, 05:39 PM) fuyo... no rental...now the selling price also kena slash.... Many units rental below RM2500, very bad ROI, FD better, let's wait another 1-2years, I believe many lelong unit to comebut dont worry....most of the owners are loaded...every month rugi 2k is sap sap soi....not even enough for their super car petrol... https://www.iproperty.com.my/property/the-f...-sentul-6458566 https://www.iproperty.com.my/property/the-f...-sentul-6442305 This post has been edited by m0n0p0ly: Jun 22 2018, 06:57 PM |
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Jun 22 2018, 08:45 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Just sharing an interesting finding:
A quick search in lelong for newly completed unit that head straight into auction market. Can see that majority owner got burnt from newly completed property gang is from the late 80s. Here few example: Silk Sky, owner born year 1984: https://www.ngchanmau.com/pos/4188/pos_en?v=1529650908 » Click to show Spoiler - click again to hide... « Lakepark Residence, owner born year 1986: https://www.ngchanmau.com/pos/4095/pos_en?v=1529651050 » Click to show Spoiler - click again to hide... « BTP 5, Acacia Park, owner born year 1989 & 1991: https://www.ngchanmau.com/pos/4014/pos_en?v=1529651084 » Click to show Spoiler - click again to hide... « M Residence 2, owner born year 1986 & 1989: https://www.ngchanmau.com/pos/3939/pos_en?v=1529650797 » Click to show Spoiler - click again to hide... « |
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Jun 22 2018, 09:10 PM
Show posts by this member only | IPv6 | Post
#253
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All Stars
20,146 posts Joined: May 2011
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Semua kiasu...dun want to lose out in the race to becoming instant millionaire, drive conti car and fine dining, overseas trips and etc
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Jun 22 2018, 09:27 PM
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Senior Member
3,833 posts Joined: May 2008
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QUOTE(m0n0p0ly @ Jun 22 2018, 06:55 PM) Many units rental below RM2500, very bad ROI, FD better, let's wait another 1-2years, I believe many lelong unit to come The reality is this the budget for tenants who are looking to rent in Sentul. https://www.iproperty.com.my/property/the-f...-sentul-6458566 https://www.iproperty.com.my/property/the-f...-sentul-6442305 If you have higher budget say RM4K you probably will go for more upmarket location. It doesn't mean owners couldn't get it but i think for RM4K rental the tenant will expect better furnished unit and not the above. My personal view despite the iconic facade, the unit is pretty bare and only appealing for own stayer who want to personalize the ID. However for landlord who buy for let, it can be costly to ID the unit tastefully. especially if you go for fully furnished renovation. Above sample definitely will not command above RM3K rental. |
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Jun 22 2018, 09:29 PM
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All Stars
20,146 posts Joined: May 2011
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Locarion location location
Not Iconic iconic iconic |
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Jun 22 2018, 09:33 PM
Show posts by this member only | IPv6 | Post
#256
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Senior Member
7,350 posts Joined: Aug 2015
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QUOTE(AskarPerang @ Jun 22 2018, 08:45 PM) Just sharing an interesting finding: And govt is mulling to make it easier for rakyat to get housing loan. For me, the criteria of getting a housing loan is pretty fair today. If it is further loosen, this will happen.A quick search in lelong for newly completed unit that head straight into auction market. Can see that majority owner got burnt from newly completed property gang is from the late 80s. Here few example: Silk Sky, owner born year 1984: https://www.ngchanmau.com/pos/4188/pos_en?v=1529650908 » Click to show Spoiler - click again to hide... « Lakepark Residence, owner born year 1986: https://www.ngchanmau.com/pos/4095/pos_en?v=1529651050 » Click to show Spoiler - click again to hide... « BTP 5, Acacia Park, owner born year 1989 & 1991: https://www.ngchanmau.com/pos/4014/pos_en?v=1529651084 » Click to show Spoiler - click again to hide... « M Residence 2, owner born year 1986 & 1989: https://www.ngchanmau.com/pos/3939/pos_en?v=1529650797 » Click to show Spoiler - click again to hide... « |
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Jun 22 2018, 09:53 PM
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Senior Member
3,833 posts Joined: May 2008
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QUOTE(BEANCOUNTER @ Jun 22 2018, 09:29 PM) Locarion location location end of the day is your property game. For developer, they just want to maximize the profit of the landbankNot Iconic iconic iconic It will be interesting to see the next residential offering in Sentul East and West. |
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Jun 23 2018, 02:21 AM
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Senior Member
1,416 posts Joined: Feb 2015
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QUOTE(m0n0p0ly @ Jun 22 2018, 05:32 PM) Can try Fennel Sentul, sold below purchase price 4years back Wow..this buyer really queue up overnight and bought for fun! https://www.brickz.my/transactions/resident...range=2017+Nov- never expect this condo will sell below developer price! |
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Jun 23 2018, 02:36 AM
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Senior Member
1,416 posts Joined: Feb 2015
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QUOTE(BEANCOUNTER @ Jun 22 2018, 08:29 PM) Locarion location location I believe developer developer developer..good developer always can turn shit into gold..they must have clear direction to their masterplan, of course timeframe as well..if this location let other developer like Sunway develope it, today wil be different story..never dare to touch ytl property as they never have clear direction to their masterplan and timeframe to complete the whole township, their project appreciation damn low also..ppl buy their project is gambling and blind worshipNot Iconic iconic iconic |
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Jun 23 2018, 05:34 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(planc @ Jun 23 2018, 02:36 AM) I believe developer developer developer..good developer always can turn shit into gold..they must have clear direction to their masterplan, of course timeframe as well..if this location let other developer like Sunway develope it, today wil be different story..never dare to touch ytl property as they never have clear direction to their masterplan and timeframe to complete the whole township, their project appreciation damn low also..ppl buy their project is gambling and blind worship It got nothing to do with developer.Tamarind and saffon registered 3 fold price appreciation. Fennel just launched at the peak and now suffered the low. |
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Jun 23 2018, 07:20 AM
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Senior Member
745 posts Joined: Dec 2013
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QUOTE(planc @ Jun 23 2018, 02:21 AM) Wow..this buyer really queue up overnight and bought for fun! He grabbed the chance but it resulting in the other way. Buy at peak, but still manage got buyer at the price is ever good. Lose abit and some time better than all gone. never expect this condo will sell below developer price! |
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Jun 23 2018, 08:28 AM
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All Stars
20,146 posts Joined: May 2011
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There are few projects that launching time bbb til kering.
But when sell time....susah. Sierenas garden i think and 20TREEwesr |
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Jun 23 2018, 02:33 PM
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Senior Member
1,416 posts Joined: Feb 2015
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QUOTE(BEANCOUNTER @ Jun 23 2018, 04:34 AM) It got nothing to do with developer. Tamarind and Saffon psf less than 3 fold, Capers the worse even launch at the era which get can the highest return..not much business activities in sentul west east confirm doomed to fail, boring placezzzTamarind and saffon registered 3 fold price appreciation. Fennel just launched at the peak and now suffered the low. |
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Jun 26 2018, 11:02 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Scarfe @ Jun 26 2018, 09:31 PM) Tomorrow going for auction for first time. Have some questions. Any registration done with "agent" is not counted, is not valid actually. I bought bank draft for the auction. Let say, 1 hour before the auction, I have a change of heart due to whatever reason, will my bank draft be forfieted by the bank? I registered through an agent (auctionlist.com.my) for this auction. Real actual registration need to be done 30 mins before the auction start, that's the usual cut off time. You need to submit in your banker cheque in. If you are still in doubt, then just dont submit the cheque in, that's all. Don't worry you wont be black listed coz you havent even register at all in actual fact. p/s: unless is an online bidding. current new trend now. then yes, you must register before hand to entitle to bid via online. |
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Jun 27 2018, 08:54 AM
Show posts by this member only | IPv6 | Post
#265
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All Stars
20,146 posts Joined: May 2011
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QUOTE(Scarfe @ Jun 26 2018, 11:15 PM) thanks again @AskarPerang. Engage a lawye to represent you?What should I do after I successfully bid for a unit? The before and during auction are kind of well documented in Internet and also book that I read. But, the steps after I win? Do I go to lawyer first, bank for loan, or developer, or other things first? Can you shed some light. many thanks first. And pay pay pay. |
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Jun 27 2018, 09:37 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(Scarfe @ Jun 26 2018, 09:31 PM) Tomorrow going for auction for first time. Have some questions. Auction is not for novice, better to attend and observe a few auctions before bidding. Meet and talk to those have auction experience else may step into pit.I bought bank draft for the auction. Let say, 1 hour before the auction, I have a change of heart due to whatever reason, will my bank draft be forfieted by the bank? I registered through an agent (auctionlist.com.my) for this auction. This post has been edited by icemanfx: Jun 27 2018, 10:13 AM |
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Jun 27 2018, 09:49 AM
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Senior Member
3,665 posts Joined: Aug 2014
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QUOTE(planc @ Jun 23 2018, 02:36 AM) I believe developer developer developer..good developer always can turn shit into gold..they must have clear direction to their masterplan, of course timeframe as well..if this location let other developer like Sunway develope it, today wil be different story..never dare to touch ytl property as they never have clear direction to their masterplan and timeframe to complete the whole township, their project appreciation damn low also..ppl buy their project is gambling and blind worship Haha these days the more famous the developer the less profit u make. For own staying, yes, you should choose the best developer u can afford But for invest, the biggest developers always charge a premium that there is "no meat left" for appreciation. |
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Jun 27 2018, 09:53 AM
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Senior Member
3,665 posts Joined: Aug 2014
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QUOTE(Scarfe @ Jun 26 2018, 11:15 PM) thanks again @AskarPerang. You should done your sums very carefully and not be sucked into the action and over bid .What should I do after I successfully bid for a unit? The before and during auction are kind of well documented in Internet and also book that I read. But, the steps after I win? Do I go to lawyer first, bank for loan, or developer, or other things first? Can you shed some light. many thanks first. Yes, prepare your own lawyer. And you should also have checked with your bank/ banker on your loan. |
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Jun 27 2018, 10:16 AM
Show posts by this member only | IPv6 | Post
#269
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(corleone74 @ Jun 27 2018, 09:49 AM) Haha these days the more famous the developer the less profit u make. Most novice buyers are swayed by a&p.For own staying, yes, you should choose the best developer u can afford But for invest, the biggest developers always charge a premium that there is "no meat left" for appreciation. |
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Jun 27 2018, 11:10 AM
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Junior Member
258 posts Joined: Sep 2006
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I wonder if a successful bidder somehow unable to proceed it. can he/she pass the auctioned property to other?
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Jun 27 2018, 11:12 AM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(Scarfe @ Jun 27 2018, 10:57 AM) Thanks. Since is under master title, did you contact developer to check is this Bumi or Non Bumi?Will do. I hope I done my DD enough. Title search - done. Unit is under master title as just VP last year. Property check - done. It is empty condo unit (sine no grill installed). Stalking - done. Curi curi see the mailbox. There is outstanding of cukai pintu around 1.6k. Tnb water bill not able to see. Went there few nights, no light at night to indicate it is occupied. Engage agent - outstanding due to cukai, maintenance fee and above etc, total to 9.6k. Based on POS, some I will have bear. Some can claim. Background check - done. No dispute with developer. Cash - aside from 10% (reserve price 375k) bank draft, prepared another extra 40k for legal, outstanding. Still have 30k cash in FD as standby + 300k in share (share needs sometime to dispose if need to utilise) Loan - dint check with bank but check my CTOS. No blacklist. Score almost full. Have 1 housing loan + car. Loan to gross income is around 20%. I think I should be eligle for loan without issue. Hmm. Intend to finance via loan. Since first time, don't know what to expect. Btw, only plan to buy if I can get at reserve price or 1 or 2 bids above. Anything I left out. Sifu please advise. How about market value of this property? |
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Jun 27 2018, 01:13 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(Scarfe @ Jun 27 2018, 11:18 AM) It is non bumi lot. Actually it was owned by a Chinese Singapore couple (joint name). Based on the POS. advise I received from auctionlist, there is no issue. Hmm. Since currently developer selling at RM540k.. loan valuation should be no problemThis is 5th auction . First auction which is usually the market value was 670k. Currently, developer selling balance new units (still have 5-6 units) at RM540k. Original buyer, if not mistaken, they bought at nett 650k during launch few years ago. Anyway you can check with valuer (jb jurunilai bersekutu), market value for this property(if you wish to know) |
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Jun 27 2018, 01:19 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(nbi @ Jun 27 2018, 11:10 AM) I wonder if a successful bidder somehow unable to proceed it. can he/she pass the auctioned property to other? Not possible. Have to forfeit the deposit and let go the won lelong unit. The unit will then be reauction back again starting at the last auction reserve price. |
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Jun 27 2018, 03:43 PM
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Senior Member
600 posts Joined: Apr 2017
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QUOTE(AskarPerang @ Jun 26 2018, 11:02 PM) Any registration done with "agent" is not counted, is not valid actually. If already registered for auction, and you are the single bidder but do not bid, is this possible? Any penalty?Real actual registration need to be done 30 mins before the auction start, that's the usual cut off time. You need to submit in your banker cheque in. If you are still in doubt, then just dont submit the cheque in, that's all. Don't worry you wont be black listed coz you havent even register at all in actual fact. p/s: unless is an online bidding. current new trend now. then yes, you must register before hand to entitle to bid via online. |
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Jun 27 2018, 08:51 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Scarfe @ Jun 27 2018, 08:44 PM) Attended the auction. When price drop to too cheap, hard to expect to win at cheap price. Especially when got change in front figure, example 400k maybe nobody will check out that unit but 395k then many ppl will open eyes and check out further. Physcological effect.Dint win. Price is above 4th auction's price. I decided not to proceed. Total 7 bidders (3 were ahem bidders). Final price was 446k (reserve price 375k). Around 90k cheaper than developer 540k (developer unit is partial furnish with kitchen etc). |
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Jun 27 2018, 08:55 PM
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Senior Member
3,665 posts Joined: Aug 2014
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QUOTE(Scarfe @ Jun 27 2018, 11:18 AM) It is non bumi lot. Actually it was owned by a Chinese Singapore couple (joint name). Based on the POS. advise I received from auctionlist, there is no issue. Hmm. Iirc transfer from foreign owner may take longer. Someone correct me if I'm wrong .This is 5th auction . First auction which is usually the market value was 670k. Currently, developer selling balance new units (still have 5-6 units) at RM540k. Original buyer, if not mistaken, they bought at nett 650k during launch few years ago. |
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Jun 27 2018, 08:56 PM
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Senior Member
3,665 posts Joined: Aug 2014
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QUOTE(Scarfe @ Jun 27 2018, 08:44 PM) Attended the auction. Which condo is thisDint win. Price is above 4th auction's price. I decided not to proceed. Total 7 bidders (3 were ahem bidders). Final price was 446k (reserve price 375k). Around 90k cheaper than developer 540k (developer unit is partial furnish with kitchen, cupboard etc while auction unit empty). |
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Jul 13 2018, 05:54 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Another interesting story to share:
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Jul 14 2018, 06:59 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Astonishing bidding today. 9 bidders fight.
From 236k bid until 310k. |
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Jul 14 2018, 07:20 PM
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Junior Member
916 posts Joined: Sep 2016
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when auction get hot, some bidders lose their cool and don't think straight
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Jul 17 2018, 11:45 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Lelong fairy tale story to share:
A-22-03, Block A, Central Residence @ Suria Sungai Besi, No. 366, Jalan Sungai Besi Reserve price🔥🔥RM 235,700🔥🔥 Freehold 643sqft Auction: 14 Jul 18 Single bidder won it today. So lucky. Very cheap. This Dr got it: Wow. Immediate break in with plenty of free gifts. Lelong jackpot of the year this unit. |
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Jul 18 2018, 12:02 AM
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Senior Member
1,224 posts Joined: May 2007
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QUOTE(AskarPerang @ Jul 17 2018, 11:45 PM) Lelong fairy tale story to share: Free dildo best lahA-22-03, Block A, Central Residence @ Suria Sungai Besi, No. 366, Jalan Sungai Besi Reserve price🔥🔥RM 235,700🔥🔥 Freehold 643sqft Auction: 14 Jul 18 Single bidder won it today. So lucky. Very cheap. This Dr got it: Wow. Immediate break in with plenty of free gifts. Lelong jackpot of the year this unit. |
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Jul 18 2018, 12:30 AM
Show posts by this member only | IPv6 | Post
#283
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Senior Member
1,567 posts Joined: Jan 2007
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Auction got many decent buys leh... not all is lousy 1.
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Jul 18 2018, 12:37 AM
Show posts by this member only | IPv6 | Post
#284
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Junior Member
786 posts Joined: May 2018
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May I know why auction this unit so nice the owner so stupid why don’t take out all the things inside ? Or I stupid don’t know what is auction ?
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Jul 18 2018, 08:46 AM
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Junior Member
692 posts Joined: Oct 2006
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QUOTE(Tan&tan @ Jul 18 2018, 12:37 AM) May I know why auction this unit so nice the owner so stupid why don’t take out all the things inside ? Or I stupid don’t know what is auction ? Technically he broke in and "stole" all the furniture as the unit doesn't belong to him yet |
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Jul 18 2018, 09:17 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Tan&tan @ Jul 18 2018, 12:37 AM) May I know why auction this unit so nice the owner so stupid why don’t take out all the things inside ? Or I stupid don’t know what is auction ? QUOTE(e-lite @ Jul 18 2018, 08:46 AM) Technically he broke in and "stole" all the furniture as the unit doesn't belong to him yet He already counter check with the management. Access card already barred for more than 1 year. That's why so confident can break inside the unit right after winning. Most probably the owner couldn't be bother anymore about the house. But is still down to pure luck to get a unit with so complete so many free stuff. Once in a blue moon. You will never know what you will find inside the house actually. Also got horror story. Hahaha. |
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Jul 18 2018, 09:18 AM
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(e-lite @ Jul 18 2018, 08:46 AM) Technically he broke in and "stole" all the furniture as the unit doesn't belong to him yet I agree, as long as proper paper work (name transfer) not complete. Technically, the property did not belong to him. |
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Jul 18 2018, 12:55 PM
Show posts by this member only | IPv6 | Post
#288
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Junior Member
786 posts Joined: May 2018
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QUOTE(e-lite @ Jul 18 2018, 08:46 AM) Technically he broke in and "stole" all the furniture as the unit doesn't belong to him yet Ya but why the owner so stupid ? How come lelong ? Why don’t take out his stuff and sell and just put at the unit for the bank to lelong ? |
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Jul 18 2018, 03:46 PM
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Senior Member
2,854 posts Joined: Jul 2013
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maybe the owner really hutang alots, this house is just iceberg case only...
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Jul 18 2018, 03:56 PM
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Senior Member
1,050 posts Joined: Jan 2011
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QUOTE(AskarPerang @ Jul 17 2018, 11:45 PM) Lelong fairy tale story to share: isnt this bumi unit?A-22-03, Block A, Central Residence @ Suria Sungai Besi, No. 366, Jalan Sungai Besi Reserve price🔥🔥RM 235,700🔥🔥 Freehold 643sqft Auction: 14 Jul 18 Single bidder won it today. So lucky. Very cheap. This Dr got it: Wow. Immediate break in with plenty of free gifts. Lelong jackpot of the year this unit. |
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Jul 18 2018, 06:08 PM
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Senior Member
1,181 posts Joined: May 2005
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QUOTE(noswear @ Jul 18 2018, 03:56 PM) isnt this bumi unit? Yes it's Bumi unit |
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Jul 19 2018, 11:38 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Here is a case study:
2 winner and 1 loser in this scenario. First owner bought at 356k back in year 2012. Sold in 2017 for 430k. Big winner here. Still able to flip in this dying market now. 2nd owner who bought at 430k. Big loser. Got terminate and ran out of work. Not able to afford this unit. House kena lelong. 3rd owner grab the lelong house when drop until 333k in 2018. Another big winner here. Able to buy something cheaper than 6 years ago developer price. And yes, there are many many more newly completed property now you can get cheaper than developer launching price in the lelong market today. |
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Jul 25 2018, 04:12 AM
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Junior Member
672 posts Joined: Sep 2011
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parking
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Jul 25 2018, 01:20 PM
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All Stars
13,313 posts Joined: Jan 2008
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Depend on your luck!
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Jul 26 2018, 04:47 AM
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Senior Member
1,325 posts Joined: Dec 2010
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QUOTE(AskarPerang @ Jul 19 2018, 11:38 AM) Here is a case study: how do we get to know the list of lelong below dev selling price?2 winner and 1 loser in this scenario. First owner bought at 356k back in year 2012. Sold in 2017 for 430k. Big winner here. Still able to flip in this dying market now. 2nd owner who bought at 430k. Big loser. Got terminate and ran out of work. Not able to afford this unit. House kena lelong. 3rd owner grab the lelong house when drop until 333k in 2018. Another big winner here. Able to buy something cheaper than 6 years ago developer price. And yes, there are many many more newly completed property now you can get cheaper than developer launching price in the lelong market today. |
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Jul 26 2018, 10:26 AM
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Junior Member
566 posts Joined: Oct 2012
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QUOTE(mytaffeta @ Jul 26 2018, 04:47 AM) how do we get to know the list of lelong below dev selling price? Refer project thread in Lowyat lah bro. Where else? |
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Jul 26 2018, 11:00 AM
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Senior Member
1,288 posts Joined: Sep 2012
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QUOTE(mytaffeta @ Jul 26 2018, 04:47 AM) how do we get to know the list of lelong below dev selling price? follow auctioneer website also can get listing bro..or bank also published their lelong props |
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Jul 27 2018, 06:45 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Mar 24 2018, 12:34 PM) No bidder today. C-3A-5, 7 Tree Seven Residence, Jalan Cuepacs 3 1056 sqft (Type B2) 3+1 rooms, 2 Car Park Freehold New reserve price 🔥🔥RM 291,600🔥🔥 Auction date: end of Apr 18 QUOTE(AskarPerang @ Apr 21 2018, 02:44 PM) Only 2 bidders. Unit sold at 295k today. Wow unexpected. Way below launching price. Congrats to the buyer. Guess what. This unit got thrown back into the auction market now. Hahaha. Apparently is a bumi lot. Moral of the story : Do not bid if u never check the status of the property...😣😣😣😣 This condo under master title with malay name, document never stated bumi lot. 2 chinese bidder bid and one of them won on 21/4. Today the unit reauction back with bumi lot status..Actually ordy know the result but i can't stop them to bid as ppl might think i am kepoci (busy body) or sindiket to stop them from buying...i am not sure their deposit how, but should be able to claim back( hopefully they have experience on it or agent to help them ) Here is the tips : 🤔master title + malay name ( please confirm with developer whether non bumi can buy or not as we need developer consent) ❌ if cant confirm, DO NOT BID. 🤔 individual or strata title + malay name (Do title search at land office, usually auction at high court, anyone can buy unless malay reserve land) ❌Do not assume freehold is mean anyone can buy C-3A-5, 7 Tree Seven Residence, Jalan Cuepacs 3 1056 sqft (Type B2) 3+1 rooms, 2 Car Park Freehold Reserve price 🔥🔥RM 291,600🔥🔥 Auction date: 18-Aug-2018 (Sat) |
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Aug 4 2018, 05:18 AM
Show posts by this member only | IPv6 | Post
#299
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Junior Member
19 posts Joined: Nov 2009
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QUOTE(jetwash @ Oct 16 2017, 11:44 AM) Here's what I do before I bid; Hi,1. Google around for auction properties. 2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc. 3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking. 4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1. 5. Go for bidding with a set budget (always below bank valuation). 6. Win - sign contract; lose - return to step 1. Was wondering this is what you normally do before bidding houses right, what about aution for land? Whats the procedure that ppl nornally do |
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Aug 4 2018, 06:57 AM
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Senior Member
623 posts Joined: Dec 2006
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QUOTE(vivacioushun @ Aug 4 2018, 05:18 AM) Hi, It's pretty much the same really.Was wondering this is what you normally do before bidding houses right, what about aution for land? Whats the procedure that ppl nornally do For lands it's always imperative to do a title search, you'd never know what weird thing is hidden away in the title deed. |
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Aug 8 2018, 09:30 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Jul 23 2018, 03:59 PM) No taker. Cheaper price than ever now. Sold at 585k. 8 bidders. For bumi buyer only. B-05-02, Kondo Villa Pantai @ Saville , No. 1, Jalan Pantai Murni 8 Reserve price: 🔥🔥RM 510,300🔥🔥 Freehold 1646 sqft Auction : 07-Aug-2018 If you scroll above, can actually win without fight at 567k back in Jul last month. Haha. |
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Aug 13 2018, 12:00 AM
Show posts by this member only | IPv6 | Post
#302
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Senior Member
1,946 posts Joined: Aug 2009
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i think msia have too many speculators due to sudden increase in house price in recent years. guess the market will become normal again once the market has "digested" this "extra" units. i think now is the best time to buy distressed properties
https://kopiandproperty.com/2018/08/11/auct...g-bad-property/ |
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Aug 13 2018, 02:43 AM
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Junior Member
916 posts Joined: Sep 2016
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last 3-4 year some developers start pricing their new project at "future price"as they saw the climb in property prices 10 years ago
Little that they know, the oversupply of property in KL/Selangor is dampening the market + the rental market is not doing well due to stiff competition on new developement Most of the buyer of these "future price"condo project suffer negative income for several years. Ideal situation will be = Down payment for new condo 20% which will force the lower income to rent which in turn create a very healthy rental market Present market = Down payment 0-$1000 which makes it affordable for almost everyone to own a condo/house, which makes the rental market super competitive, some rent for less than $1500/month for a 3 bedroom With current high price for condo + dampening rental market, I foresee many more auction property coming into the market as young investor do not have the holding power + property price will not be seeing any upward trend in the next 4-5 years due to oversupply in the market I would safely say that, there is no rush to buy auction property at this moment as you will be spoilt for choices in a year / two when all those high density on-going projects VP-ed and hit the market. |
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Aug 14 2018, 11:13 AM
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All Stars
20,146 posts Joined: May 2011
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Askar Perang taiko
may I ask why Tropicana Metropark Park bumi owners can only bidded by bumi in the lelong market? TMP is freehold property, and shouldn't have such restriction rite? oh one more thing, whenever you posted video here, the download of the page is extremely low. Not sure other forumers experienced the same problem I have or not. |
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Aug 14 2018, 11:39 AM
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Junior Member
916 posts Joined: Sep 2016
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Freehold or Leasehold, developer must set aside a percentage of project for Bumi.
So if the property sold under Bumi and got auctioned, then only Bumi eligible to bid |
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Aug 14 2018, 12:29 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(michaelchang @ Aug 14 2018, 11:39 AM) Freehold or Leasehold, developer must set aside a percentage of project for Bumi. Only applicable to lelong and not open market?So if the property sold under Bumi and got auctioned, then only Bumi eligible to bid Bcos for fh property, anyone can buy in open market or subsale market |
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Aug 14 2018, 01:41 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(BEANCOUNTER @ Aug 14 2018, 11:13 AM) Askar Perang taiko Coz still under master title. Developer needs to fulfill and meet the quota. If oversell out to non bumi, later when want to get individual strata confirm will face problem.may I ask why Tropicana Metropark Park bumi owners can only bidded by bumi in the lelong market? TMP is freehold property, and shouldn't have such restriction rite? oh one more thing, whenever you posted video here, the download of the page is extremely low. Not sure other forumers experienced the same problem I have or not. |
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Aug 14 2018, 01:43 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(BEANCOUNTER @ Aug 14 2018, 12:29 PM) Only applicable to lelong and not open market? Applicable to all freehold project but still under master title. Doesnt matter lelong unit, subsale unit or developer unit. Unless the developer already applied and get approval from authority no need to meet the bumi quota.Bcos for fh property, anyone can buy in open market or subsale market |
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Aug 14 2018, 01:44 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AskarPerang @ Aug 14 2018, 01:41 PM) Coz still under master title. Developer needs to fulfill and meet the quota. If oversell out to non bumi, later when want to get individual strata confirm will face problem. Make sense. Tq taiko |
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Aug 14 2018, 02:39 PM
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Junior Member
125 posts Joined: Apr 2018
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Can foreigner buy KL condos by auction? I know that it is not allow at Selengor.
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Aug 24 2018, 06:48 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Buying power is trully back? Million dollar props ppl also fight.
Or maybe everybody tries to buy before SST kicks in? But then again ppl saying SST will actually decrease house price? No? |
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Sep 9 2018, 08:16 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ May 17 2018, 02:29 PM) Yet another time drop price. New price as below: A-25-12, MKH Boulevard, Jalan Bukit, 43000 Kajang, Selangor Reserve price 🔥🔥RM 255,150🔥🔥 840sqft Auction: 24-May-2018 (Thu) BUMI LOT p/s: subsale pricing is above 400k. 300k plus can get you a studio size unit only here. QUOTE(AskarPerang @ May 24 2018, 11:18 PM) Unit sold at 255k. Single bidder. Super cheap price. Way below launching price. Not bad deal. Free grill, kitchen cabinet, aircon, water heater, etc. Opening of the unit: |
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Sep 9 2018, 10:47 AM
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Senior Member
2,020 posts Joined: Oct 2006
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Interesting.
Good idea to learn up , and buy from auction. |
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Sep 9 2018, 11:05 AM
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Senior Member
1,946 posts Joined: Aug 2009
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question: will rumahwip end up to auction within the 10 years holding if no pay bank instalment? if yes, anyone can buy? if no, mean owners no need to pay promptly and bank wont lelong?
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Sep 9 2018, 11:30 AM
Show posts by this member only | IPv6 | Post
#315
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(lucerne @ Sep 9 2018, 11:05 AM) question: will rumahwip end up to auction within the 10 years holding if no pay bank instalment? if yes, anyone can buy? if no, mean owners no need to pay promptly and bank wont lelong? Bumi Lot can lelong, so is rumahwip.Only bidders must qualify. Sure cheap, lack of bidders. |
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Sep 9 2018, 12:31 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(tikusniaga @ Sep 9 2018, 11:30 AM) Bumi Lot can lelong, so is rumahwip. bumi easier to identify/qualify and sales is straight forwardOnly bidders must qualify. Sure cheap, lack of bidders. rumahwip - need application, approval from urussetaia, angkah sumpah from mahkamah , sure longer process , loan may not disburse during the 90days period and incur high bank interest what if not approval, what is the penalty ? 10% gone? if easy to approve , sure many go for auction since take shorter time than the normal process (ballot, applications etc). many qualified bidders will go auction and price sure go higher |
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Sep 10 2018, 12:20 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(lucerne @ Sep 9 2018, 12:31 PM) bumi easier to identify/qualify and sales is straight forward I dont think that is the process for rumahwip if ended up in auction. rumahwip - need application, approval from urussetaia, angkah sumpah from mahkamah , sure longer process , loan may not disburse during the 90days period and incur high bank interest what if not approval, what is the penalty ? 10% gone? if easy to approve , sure many go for auction since take shorter time than the normal process (ballot, applications etc). many qualified bidders will go auction and price sure go higher So far no real case example for rumahwip but already got lelong unit for rumah selangorku. Process same like low cost flats. No restrictions. Anyone can bid. No salary restriction. Not restriction to first house buyer only. All those low cost or affordable home restriction is throw out of the window in auction. Only restriction is bumi / non bumi. That quota still apply. The name transfer process not a problem. No restriction as mention above. But after buying, you still have to follow the low cost restriction meaning you cannot sell within 5 years. But you can still "force sell" via lelong. Haha. See the loophole there? This post has been edited by AskarPerang: Sep 10 2018, 12:22 AM |
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Sep 10 2018, 05:16 PM
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Senior Member
1,946 posts Joined: Aug 2009
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then sure many will go bid if any rumahwip go for auction. but i think rumahwip only good in rental yield but not capital appreciation vs normal condo. normal condo (not the one next to rumahwip) is more liquid , better quailty, better managed, better residents profile, more up side .
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Sep 10 2018, 10:24 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(lucerne @ Sep 10 2018, 05:16 PM) then sure many will go bid if any rumahwip go for auction. but i think rumahwip only good in rental yield but not capital appreciation vs normal condo. normal condo (not the one next to rumahwip) is more liquid , better quailty, better managed, better residents profile, more up side . Will be same like low cost properties. Investors willing to bid above market price coz that is the only method they can own those props. Anyway I beg to differ regarding rumahwip will be lesser quality compare to normal condo. Rumahwip majority own stay. When a place majority owner own stay VS normal condo majority investors rent out not staying around, the place with majority owner own stay will be better managed. And as a whole, the place will improve. Compare to a place where majority tenants staying. Sure they couldn't be bother about the place. |
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Sep 10 2018, 10:46 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(AskarPerang @ Sep 10 2018, 10:24 PM) Will be same like low cost properties. Investors willing to bid above market price coz that is the only method they can own those props. base on my long experience , a condo with 10k monthly rental is better maintain than 5k, 5k is better than 2k, 2k is better than 1k, 1k is better than 0.5k. (due to resident/ tenant profile/attitude, building/fixtures quality eg lifts, tiles, pipes etc Anyway I beg to differ regarding rumahwip will be lesser quality compare to normal condo. Rumahwip majority own stay. When a place majority owner own stay VS normal condo majority investors rent out not staying around, the place with majority owner own stay will be better managed. And as a whole, the place will improve. Compare to a place where majority tenants staying. Sure they couldn't be bother about the place. i can give u example if want note; many high end condo is more than 80% rented out, while PPR is more than 80% own stay so majority rented out doesn't mean no good maintain, own stay doesn't mean good maintain |
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Sep 11 2018, 08:20 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(lucerne @ Sep 10 2018, 10:46 PM) base on my long experience , a condo with 10k monthly rental is better maintain than 5k, 5k is better than 2k, 2k is better than 1k, 1k is better than 0.5k. (due to resident/ tenant profile/attitude, building/fixtures quality eg lifts, tiles, pipes etc I agree i can give u example if want note; many high end condo is more than 80% rented out, while PPR is more than 80% own stay so majority rented out doesn't mean no good maintain, own stay doesn't mean good maintain End of the day, money talk Perhaps aksarperang was comparing 300k to 500k max products. |
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Sep 11 2018, 09:34 AM
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Senior Member
2,744 posts Joined: Jan 2003 From: Seremban
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woh.. surprisingly auction thread is so active.
Kinda sad to see the market so bad now. Will visit here time to time to learn something, and if possible maybe fetch up some good deals if i were to visit auction |
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Sep 11 2018, 09:37 AM
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Junior Member
112 posts Joined: Jan 2009
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for own stay purpose, there are some good deals in the auction..
but for investment..maybe not so.. |
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Sep 11 2018, 10:05 AM
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Junior Member
767 posts Joined: Apr 2008
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Anyone here investing in Johor or Penang Property? got any advise?
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Sep 11 2018, 10:47 AM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(junbow @ Sep 11 2018, 09:37 AM) for own stay purpose, there are some good deals in the auction.. why no good for investment? buy low and sell high. good yield if for rental income toobut for investment..maybe not so.. there r many good property /location there , many auction due to owners over leverage. |
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Sep 11 2018, 11:20 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too In KL Mayb but not the case with Penang or Johor property. Alot is depending on holding power. there r many good property /location there , many auction due to owners over leverage.  |
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Sep 11 2018, 12:08 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too Market value doesn't mean selling price..also depend on demandthere r many good property /location there , many auction due to owners over leverage. yield maybe so so for those new vp due to high maintenance fee for good yield have to look for those low cost flat/ apartment |
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Sep 11 2018, 12:08 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too Market value doesn't mean selling price..also depend on demandthere r many good property /location there , many auction due to owners over leverage. yield maybe so so for those new vp due to high maintenance fee for good yield have to look for those low cost flat/ apartment |
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Sep 11 2018, 01:38 PM
Show posts by this member only | IPv6 | Post
#329
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All Stars
17,053 posts Joined: Jan 2003
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Anyway to check what was the winning bid on a particular auction property?
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Sep 11 2018, 05:38 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(Darkmage12 @ Sep 11 2018, 01:38 PM) Anyway to check what was the winning bid on a particular auction property? No way to check i think..Call to auctioneer, you can check the status only..sold or no bidder They won't tell you the winning bid endanger liked this post
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Sep 11 2018, 05:47 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(Darkmage12 @ Sep 11 2018, 01:38 PM) Anyway to check what was the winning bid on a particular auction property? QUOTE(junbow @ Sep 11 2018, 05:38 PM) No way to check i think.. VIP account of famous lelong website able to check. But sometimes not all units updated and some units also wrongly update. If you call auctioneer, you definitely need to know the auction date and lot number if got many units auction on the same time.Call to auctioneer, you can check the status only..sold or no bidder They won't tell you the winning bid |
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Sep 11 2018, 11:47 PM
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Junior Member
280 posts Joined: Apr 2011
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Auction property can be finance?
Where can check the auction properties? |
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Sep 18 2018, 02:06 PM
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Senior Member
898 posts Joined: Dec 2009 From: The Internet
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QUOTE(Adorable @ Sep 11 2018, 11:47 PM) Auction property can be finance? 1. Yes, can be financed. Max 90% with minimum 10% cash for transacted priceWhere can check the auction properties? 2. Few places. Read earlier thread for better idea and more info. https://www.lelongtips.com.my http://www.auctionlist.com.my/auction https://www.ngchanmau.com This post has been edited by petirbuas: Sep 18 2018, 02:07 PM |
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Sep 18 2018, 03:49 PM
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Senior Member
2,604 posts Joined: Dec 2012
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too Only if you can sell high. Sometimes there are reasons why the property ended up being auctioned. there r many good property /location there , many auction due to owners over leverage. If you're buying auction units solely investment then you should know what you're doing in that market This post has been edited by Quang1819: Sep 18 2018, 03:50 PM |
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Sep 18 2018, 03:56 PM
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Junior Member
119 posts Joined: Apr 2010
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parking
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Sep 18 2018, 10:56 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too In lelong,there r many good property /location there , many auction due to owners over leverage. Hot property wont be cheap. Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there. Example, lakepark residence. Rental market just RM1500. Developer launching price last time 650k. Lelong price can get at 400k. Will still bleed negative cash flow. So is only good for own stay. Another example, alam sanjung. Rental market just RM1200. Developer launching price last time 400k. Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay. |
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Sep 19 2018, 09:31 AM
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Senior Member
3,024 posts Joined: Jan 2003
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Seems many lelong properties these day...
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Sep 19 2018, 10:06 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AskarPerang @ Sep 18 2018, 10:56 PM) In lelong, Lelong units are the worst for ownstay.Hot property wont be cheap. Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there. Example, lakepark residence. Rental market just RM1500. Developer launching price last time 650k. Lelong price can get at 400k. Will still bleed negative cash flow. So is only good for own stay. Another example, alam sanjung. Rental market just RM1200. Developer launching price last time 400k. Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay. You dunno what you will get....inside the unit lagi tak payar cakap. If extremely lucky u get a brand new unit. If not..... Why want to treat your ownstay with such uncertainty? |
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Sep 19 2018, 10:11 AM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(AskarPerang @ Sep 18 2018, 10:56 PM) In lelong, Low cost flat/ medium cost apartment able to get positive cash flowHot property wont be cheap. Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there. Example, lakepark residence. Rental market just RM1500. Developer launching price last time 650k. Lelong price can get at 400k. Will still bleed negative cash flow. So is only good for own stay. Another example, alam sanjung. Rental market just RM1200. Developer launching price last time 400k. Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay. For high end condo, only can consider if the price is right. Friend recently bought 2 lelong 90k, rental RM650 360k, rental RM2900 |
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Sep 19 2018, 10:13 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(BEANCOUNTER @ Sep 19 2018, 10:06 AM) Lelong units are the worst for ownstay. Both examples above: brand new virgin condition unit. You dunno what you will get....inside the unit lagi tak payar cakap. If extremely lucky u get a brand new unit. If not..... Why want to treat your ownstay with such uncertainty? Can see the exposed wiring, nothing being fitted. Is exactly the same like buying leftover developer units. Is the new trend. Even you can find lelong house keys still with developer. Nobody come and collect yet. Example: Galleria Equine studio auction last week below 200k. Below launching price. |
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Sep 19 2018, 10:38 AM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(AskarPerang @ Sep 19 2018, 10:13 AM) Both examples above: brand new virgin condition unit. why you no tell me? can buy at this price right?Can see the exposed wiring, nothing being fitted. Is exactly the same like buying leftover developer units. Is the new trend. Even you can find lelong house keys still with developer. Nobody come and collect yet. Example: Galleria Equine studio auction last week below 200k. Below launching price. |
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Sep 19 2018, 10:46 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(David_77 @ Sep 19 2018, 10:38 AM) why you no tell me? can buy at this price right? Take this:I believe 99% of the units in this list here will be virgin condition    This post has been edited by AskarPerang: Sep 19 2018, 10:46 AM |
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Sep 19 2018, 10:47 AM
Show posts by this member only | IPv6 | Post
#343
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Sep 19 2018, 10:13 AM) Both examples above: brand new virgin condition unit. Different time period and circumstances offer different opportunity. those willing to adapt or spot early could make extraordinary profit; by the time masses realized, opportunity would have thinned out e.g btc, foreclosure property, stocks, gold, etc. for reasons, only about 3% of adults in this country have over us$100k net worth.Can see the exposed wiring, nothing being fitted. Is exactly the same like buying leftover developer units. Is the new trend. Even you can find lelong house keys still with developer. Nobody come and collect yet. Example: Galleria Equine studio auction last week below 200k. Below launching price. This post has been edited by icemanfx: Sep 19 2018, 11:06 AM |
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Sep 19 2018, 11:51 AM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Sep 19 2018, 10:47 AM) Different time period and circumstances offer different opportunity. those willing to adapt or spot early could make extraordinary profit; by the time masses realized, opportunity would have thinned out e.g btc, foreclosure property, stocks, gold, etc. for reasons, only about 3% of adults in this country have over us$100k net worth. and due to great insight, Ms Icy managed to sold off in 2012, reinvested all in FB. hence, she is now the 3% of the 3%  |
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Sep 19 2018, 11:57 AM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(AskarPerang @ Sep 19 2018, 10:46 AM) Take this: These are auction reserved price?I believe 99% of the units in this list here will be virgin condition |
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Sep 19 2018, 12:00 PM
Show posts by this member only | IPv6 | Post
#346
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(David_77 @ Sep 19 2018, 11:51 AM) and due to great insight, Ms Icy managed to sold off in 2012, reinvested all in FB. hence, she is now the 3% of the 3% when the herd is in frenzy feeding is the time to sell be it btc, property, stocks, gold, snake oil, etc.the world is greater than kuptong, opportunity favours the prepared mind. This post has been edited by icemanfx: Sep 19 2018, 12:06 PM |
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Sep 19 2018, 12:08 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(David_77 @ Sep 19 2018, 11:57 AM) These are auction reserved price? Yes, most units already price drop further down. For the small size unit (1211 sqft) is 360k now. While the big size unit (1502 sqft) can get at 410k. |
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Sep 19 2018, 12:36 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Sep 19 2018, 12:00 PM) when the herd is in frenzy feeding is the time to sell be it btc, property, stocks, gold, snake oil, etc. Ok boss. You’re the 3% of 3% 👌the world is greater than kuptong, opportunity favours the prepared mind. |
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Sep 19 2018, 12:39 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(AskarPerang @ Sep 19 2018, 12:08 PM) Yes, most units already price drop further down. Crazy... those bought during launch must be sakit hati.For the small size unit (1211 sqft) is 360k now. While the big size unit (1502 sqft) can get at 410k. |
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Sep 25 2018, 04:36 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(AskarPerang @ Sep 19 2018, 10:46 AM) Take this: Good price.. as usual, I am late to the party.. I believe 99% of the units in this list here will be virgin condition |
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Sep 25 2018, 11:03 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(gld998 @ Sep 25 2018, 05:36 PM) Good price.. as usual, I am late to the party.. dont worry, party havent end yet. you can still join it |
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Oct 1 2018, 11:42 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Few crazy bidding video.
Morale of the story: Be smart next time. Enter when the price is not too low. Possible buyer market is back also? |
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Oct 2 2018, 01:48 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Oct 2 2018, 12:42 AM) Few crazy bidding video. kudo to the guy... bid over 200k extra. rich siaMorale of the story: Be smart next time. Enter when the price is not too low. Possible buyer market is back also? |
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Oct 2 2018, 09:29 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Oct 1 2018, 11:42 PM) Few crazy bidding video. Guess emotions got better of them.Morale of the story: Be smart next time. Enter when the price is not too low. Possible buyer market is back also? |
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Oct 2 2018, 10:03 AM
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Senior Member
4,998 posts Joined: Dec 2010
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Good investors don't bid high unless it is one of its kind and the potential to resell is much higher. Those are b***h.
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Oct 2 2018, 10:36 AM
Show posts by this member only | IPv6 | Post
#356
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Senior Member
2,020 posts Joined: Oct 2006
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Just in stock market and sport, manipulation and fixing are common.
Property lelong is also subjected to manipulation and fixing. Why ? Because people can make money from it. |
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Oct 2 2018, 02:11 PM
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All Stars
20,146 posts Joined: May 2011
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Maybe desperate n green ownstay buyers?
U guys should stop encouraging home buyers to get involved in auction. Apa good for ownstay not good for investment statement. |
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Oct 2 2018, 02:33 PM
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Senior Member
3,024 posts Joined: Jan 2003
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QUOTE(BEANCOUNTER @ Oct 2 2018, 02:11 PM) Maybe desperate n green ownstay buyers? If can get a decent auction properties for own stay, why not?U guys should stop encouraging home buyers to get involved in auction. Apa good for ownstay not good for investment statement. |
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Oct 2 2018, 04:30 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Sep 19 2018, 10:47 AM) Different time period and circumstances offer different opportunity. those willing to adapt or spot early could make extraordinary profit; by the time masses realized, opportunity would have thinned out e.g btc, foreclosure property, stocks, gold, etc. for reasons, only about 3% of adults in this country have over us$100k net worth[COLOR=red]. u sure or not... why all my frends have above mil cash... sometime I feel I am damn poor... |
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Oct 2 2018, 04:33 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(leodinouknow @ Sep 25 2018, 11:03 PM) dont worry, party havent end yet. you can still join it I just book a 4500 sf bangalore unit direct from developer. Cash still have but loan will have problem as this is my 3rd unit. Need to settle off one unit as to not over leverage. |
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Oct 2 2018, 06:32 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(BEANCOUNTER @ Oct 2 2018, 02:11 PM) Maybe desperate n green ownstay buyers? Agreed with you..those home buyers fight until sibeh high price in auction.U guys should stop encouraging home buyers to get involved in auction. Apa good for ownstay not good for investment statement. investor already tak boleh makan |
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Oct 2 2018, 08:21 PM
Show posts by this member only | IPv6 | Post
#362
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(BEANCOUNTER @ Oct 2 2018, 02:11 PM) Maybe desperate n green ownstay buyers? Ideally, bidders should have peace talk among themselves. They need not kill each other, but negotiate for a deal. This way, all bidders untung.U guys should stop encouraging home buyers to get involved in auction. Apa good for ownstay not good for investment statement. |
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Oct 2 2018, 09:17 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gld998 @ Oct 2 2018, 04:30 PM) u sure or not... why all my frends have above mil cash... sometime I feel I am damn poor... U mixed with the wrong group.Macam tun m said cina semua kaya raya |
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Oct 2 2018, 09:18 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(tikusniaga @ Oct 2 2018, 08:21 PM) Ideally, bidders should have peace talk among themselves. They need not kill each other, but negotiate for a deal. This way, all bidders untung. How all bidders untung? One poperty nia..... |
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Oct 2 2018, 09:21 PM
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Junior Member
241 posts Joined: Sep 2011
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QUOTE(BEANCOUNTER @ Oct 2 2018, 09:18 PM) How all bidders untung? One poperty nia..... Settle before the bid. Make it a win win. |
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Oct 2 2018, 09:22 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AvenueX @ Oct 2 2018, 09:21 PM) Settle before the bid. Make it a win win. Macam brown envelope jor.Cash is king.... |
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Oct 2 2018, 11:27 PM
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Junior Member
112 posts Joined: Jan 2009
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QUOTE(AvenueX @ Oct 2 2018, 09:21 PM) Settle before the bid. Make it a win win. if 10 bidder..dun think can settle before bid |
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Oct 2 2018, 11:41 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(junbow @ Oct 2 2018, 11:27 PM) if 10 bidder..dun think can settle before bid Now with online bidding is even harder to settle outside. |
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Oct 3 2018, 05:07 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(BEANCOUNTER @ Oct 2 2018, 02:11 PM) Maybe desperate n green ownstay buyers? If good for own stay is not good for investment, can say the reverse is true also? If good for investment is not good for own stay?U guys should stop encouraging home buyers to get involved in auction. Apa good for ownstay not good for investment statement. Curious, those good for investment, what subsale buyers going to do? To resell again? QUOTE(gld998 @ Oct 2 2018, 04:30 PM) u sure or not... why all my frends have above mil cash... sometime I feel I am damn poor... That's according to a wealth report which is consistent with reports from epf, etc.This post has been edited by icemanfx: Oct 3 2018, 05:08 AM |
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Oct 3 2018, 05:53 AM
Show posts by this member only | IPv6 | Post
#370
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(BEANCOUNTER @ Oct 2 2018, 09:18 PM) How all bidders untung? One poperty nia..... Negotiated among all bidders.Paid by sole bidder, who pay the other bidders not to bid. |
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Oct 3 2018, 10:18 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(tikusniaga @ Oct 3 2018, 06:53 AM) Negotiated among all bidders. can i just register as bidder without bid, then receive tour comision? xDPaid by sole bidder, who pay the other bidders not to bid. |
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Oct 3 2018, 10:22 AM
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Senior Member
1,288 posts Joined: Sep 2012
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QUOTE(leodinouknow @ Oct 3 2018, 10:18 AM) can i just register as bidder without bid, then receive tour comision? xD if u not raise your hand at all they and the auctioneer knew oledi u ulat maalater kena blacklist. haha or later somebody cari u back if they paid money  |
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Oct 3 2018, 10:45 AM
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Senior Member
4,998 posts Joined: Dec 2010
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QUOTE(leodinouknow @ Oct 3 2018, 10:18 AM) can i just register as bidder without bid, then receive tour comision? xD Yes, many are this type who keep low profile |
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Oct 3 2018, 11:04 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(New Klang @ Oct 3 2018, 11:45 AM) Yes, many are this type who keep low profile one time collect 1k-2k also worth the time... where got such job pay out 1day 1k |
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Oct 3 2018, 11:33 AM
Show posts by this member only | IPv6 | Post
#375
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(leodinouknow @ Oct 3 2018, 10:18 AM) can i just register as bidder without bid, then receive tour comision? xD Yes, of course,FYI , to register, you must pay deposit in bank draft. |
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Oct 3 2018, 11:34 AM
Show posts by this member only | IPv6 | Post
#376
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(leodinouknow @ Oct 3 2018, 11:04 AM) one time collect 1k-2k also worth the time... where got such job pay out 1day 1k Not all the time, see if bidders willing to cooperate. |
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Oct 3 2018, 11:35 AM
Show posts by this member only | IPv6 | Post
#377
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(AvenueX @ Oct 2 2018, 09:21 PM) Settle before the bid. Make it a win win. Exactly. |
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Oct 3 2018, 02:09 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(leodinouknow @ Oct 3 2018, 11:04 AM) one time collect 1k-2k also worth the time... where got such job pay out 1day 1k QUOTE(tikusniaga @ Oct 3 2018, 11:35 AM) Exactly. As mention, with online bidding coming in. Hard for bidders to deal outside anymore. |
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Oct 4 2018, 10:37 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(AskarPerang @ Sep 18 2018, 10:56 PM) In lelong, Its about capital appreciation... not rental, u can nvr get rich by rentalHot property wont be cheap. Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there. Example, lakepark residence. Rental market just RM1500. Developer launching price last time 650k. Lelong price can get at 400k. Will still bleed negative cash flow. So is only good for own stay. Another example, alam sanjung. Rental market just RM1200. Developer launching price last time 400k. Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay. |
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Oct 4 2018, 09:09 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gld998 @ Oct 4 2018, 10:37 AM) Its about capital appreciation... not rental, u can nvr get rich by rental U can but only for connercial or warehouse or factories.Resi properties.....too much headache.... |
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Oct 4 2018, 09:30 PM
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Senior Member
990 posts Joined: Jun 2016
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anyone know what is blanket consent letter?
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Oct 4 2018, 09:51 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(gld998 @ Oct 4 2018, 10:37 AM) Its about capital appreciation... not rental, u can nvr get rich by rental According to a report, residential property in kl appreciated at about 5% p.a or below since 2001. |
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Oct 4 2018, 11:42 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Oct 4 2018, 09:51 PM) According to a report, residential property in kl appreciated at about 5% p.a or below since 2001. I dunno how u invest, at 5% might as well put at FD.. ZERO risk. Or everyday try my luck try to buy Amanah Saham Malaysia or Wawasan, Last year payout was 6% Again almost zero risk and very little effort. This post has been edited by gld998: Oct 4 2018, 11:45 PM |
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Oct 5 2018, 12:07 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(gld998 @ Oct 4 2018, 11:42 PM) I dunno how u invest, at 5% might as well put at FD.. ZERO risk. Or everyday try my luck try to buy Amanah Saham Malaysia or Wawasan, Last year payout was 6% Again almost zero risk and very little effort.  Savills is a re consultant just in case you query. |
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Oct 5 2018, 12:19 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(gld998 @ Oct 4 2018, 10:37 AM) Its about capital appreciation... not rental, u can nvr get rich by rental Any props bought before 2010 become gold today. But majority props bought 5 years ago in 2013 got zero appreciation or even depreciatuon. You will need another property peak price era in order to get above ASB return of 7% p.a. But the golden question is when will be the next property bull run? 10 years from now? 20 years? 30 or more years? This post has been edited by AskarPerang: Oct 5 2018, 12:20 AM |
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Oct 5 2018, 07:58 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(AskarPerang @ Oct 5 2018, 12:19 AM) Any props bought before 2010 become gold today. I am in no hurry. I believe a lot of investors are as well. I am still making money from rental as I dont keep too many outstanding loans and over leverage. 80% of my properties are fully paid up. But expecting 5% increase is ridiculous. A lot here go buy at market rate, then expect to make some money. Go buy at full price and at market rate then expect good returns?But majority props bought 5 years ago in 2013 got zero appreciation or even depreciatuon. You will need another property peak price era in order to get above ASB return of 7% p.a. But the golden question is when will be the next property bull run? 10 years from now? 20 years? 30 or more years? Below 30% market value is my rule of thumb. Don't over leverage. BTW a lot who bought 5 years ago buy at market value, sure will earn but no much and in fact got into trouble due to over leverage. |
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Oct 5 2018, 10:00 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Oct 5 2018, 01:19 AM) Any props bought before 2010 become gold today. the first chance to invest property is 20years ago. second chance is todayBut majority props bought 5 years ago in 2013 got zero appreciation or even depreciatuon. You will need another property peak price era in order to get above ASB return of 7% p.a. But the golden question is when will be the next property bull run? 10 years from now? 20 years? 30 or more years? |
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Oct 5 2018, 10:16 AM
Show posts by this member only | IPv6 | Post
#388
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(leodinouknow @ Oct 5 2018, 10:00 AM) the first chance to invest property is 20years ago. second chance is today According to a recent report, property bought 17 years ago, value appreciated at about 5% p.a. or below.unless one could catch dead chicken, current market price is above long term, likely to remain stagnant for extended period. |
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Oct 5 2018, 01:25 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Oct 5 2018, 10:16 AM) According to a recent report, property bought 17 years ago, value appreciated at about 5% p.a. or below. Yup, dead chicken comes in many forms. By hooting higher end property, above 1million, removes the % speculators.unless one could catch dead chicken, current market price is above long term, likely to remain stagnant for extended period. |
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Oct 6 2018, 12:05 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(gld998 @ Oct 5 2018, 02:25 PM) Yup, dead chicken comes in many forms. By hooting higher end property, above 1million, removes the % speculators. i wonder why dead chicken also so expensive cost 1m above? why not eat fresh chicken |
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Oct 6 2018, 01:58 PM
Show posts by this member only | IPv6 | Post
#391
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur
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Some expect 'dead chickens' to be overly undervalued props. Others expect dead chicken to come their way without doing their homework. There wont be any dead chickens, only opportunities to buy something slightly below the perceived market value.
This post has been edited by TOMEI-R: Oct 6 2018, 01:58 PM |
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Oct 6 2018, 03:41 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(leodinouknow @ Oct 6 2018, 12:05 PM) i wonder why dead chicken also so expensive cost 1m above? why not eat fresh chicken U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them. |
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Oct 6 2018, 03:45 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(gld998 @ Oct 6 2018, 04:41 PM) U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them. just joke around. im eating dead chicken type also, no taste and not looking good, but it help me gain a bit of additional income |
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Oct 6 2018, 05:30 PM
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Junior Member
67 posts Joined: Sep 2018
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QUOTE(gld998 @ Oct 6 2018, 03:41 PM) U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them. may i know how credible yr friends claim?300%?mind to elaborate further,that would be eye opening thanks |
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Oct 6 2018, 05:52 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(lowyatwong @ Oct 6 2018, 06:30 PM) may i know how credible yr friends claim?300%? you can see 600k property at launch, now auction til 300k nobody take... 200-250k only got buyer grab itmind to elaborate further,that would be eye opening thanks |
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Oct 6 2018, 06:04 PM
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(gld998 @ Oct 6 2018, 03:41 PM) U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them. This is very true, on paper developer show profit of between 10-30% but actual profit, mostly above 200%Those with land next to HTC will see profit around 300% as those land were disposed at very low price Traditionally, land next to HTC were sold cheaply for light factory, place of worship and garbage disposal/processing |
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Oct 6 2018, 06:09 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(michaelchang @ Oct 6 2018, 06:04 PM) This is very true, on paper developer show profit of between 10-30% but actual profit, mostly above 200% How about land beside cemetery. Cheaper than HTC land?Those with land next to HTC will see profit around 300% as those land were disposed at very low price Traditionally, land next to HTC were sold cheaply for light factory, place of worship and garbage disposal/processing |
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Oct 6 2018, 06:27 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(lowyatwong @ Oct 6 2018, 05:30 PM) may i know how credible yr friends claim?300%? All i can tell,profit for 300% or more is real. U think developer risk so much for miserrable 10% to 20%.mind to elaborate further,that would be eye opening thanks Up to u to believe. |
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Oct 6 2018, 06:43 PM
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Junior Member
67 posts Joined: Sep 2018
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QUOTE(gld998 @ Oct 6 2018, 06:27 PM) All i can tell,profit for 300% or more is real. U think developer risk so much for miserrable 10% to 20%. ThanksUp to u to believe. i subconsciously believe there r the biggiest BS croc,it move me wanting to know further how there play these game and fabricate the figure. but 1 things must credit them is could sell a piece of brick with diamond price  |
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Oct 8 2018, 11:23 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(lowyatwong @ Oct 6 2018, 06:43 PM) Thanks if u got big capital and the right connections... u will do the same as well... i subconsciously believe there r the biggiest BS croc,it move me wanting to know further how there play these game and fabricate the figure. but 1 things must credit them is could sell a piece of brick with diamond price  |
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Oct 8 2018, 05:46 PM
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Junior Member
67 posts Joined: Sep 2018
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QUOTE(gld998 @ Oct 8 2018, 11:23 AM) if u got big capital and the right connections... u will do the same as well...  80/20 prevail |
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Oct 8 2018, 06:40 PM
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Junior Member
95 posts Joined: Nov 2017
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QUOTE(gld998 @ Oct 6 2018, 03:41 PM) U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them. 300% profit means house selling price 500k, cost 166k only? |
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Oct 8 2018, 09:13 PM
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(AskarPerang @ Oct 6 2018, 06:09 PM) How about land beside cemetery. Cheaper than HTC land? That one not so sure.. |
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Oct 8 2018, 09:14 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(sengg @ Oct 8 2018, 06:40 PM) 300% profit means house selling price 500k, cost 166k only? I believe lesser then that.. Have u go and see how much one brick cost? U know how much bangla pay? |
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Oct 8 2018, 09:50 PM
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All Stars
20,146 posts Joined: May 2011
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Developer not the biggest winner.
The middleman that buy from dbkl and sold to developer untung lagi banyak... Literally infinitiy profit. No capital no cost only profit. |
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Oct 9 2018, 01:01 AM
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Junior Member
95 posts Joined: Nov 2017
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QUOTE(gld998 @ Oct 8 2018, 09:14 PM) I believe lesser then that.. Have u go and see how much one brick cost? U know how much bangla pay? If you're referring to net profit, then most probably you can't even justify your statements with figures besides hearsay. Generally, the figure is only about 20-30% net profit. Have a look at all the public listed developer's p/l statement before talking nonsense here, sure u can claim they understate certain stuff, but there're at least 30 property developers listed at bursa malaysia.You might be surprise the bangla are paid at least rm90-100 perday in this industry, and 1 site can easily have 150-200 labours. that's about 20k perday This post has been edited by sengg: Oct 9 2018, 01:02 AM |
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Oct 9 2018, 06:37 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(sengg @ Oct 9 2018, 01:01 AM) If you're referring to net profit, then most probably you can't even justify your statements with figures besides hearsay. Generally, the figure is only about 20-30% net profit. Have a look at all the public listed developer's p/l statement before talking nonsense here, sure u can claim they understate certain stuff, but there're at least 30 property developers listed at bursa malaysia. Ok.. you continue to be naive. I will not stop you. You might be surprise the bangla are paid at least rm90-100 perday in this industry, and 1 site can easily have 150-200 labours. that's about 20k perday  No businessman will do business with 20~30% profit, while taking risk worth hundreds of million. You think they running charity? This post has been edited by gld998: Oct 9 2018, 06:52 AM |
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Oct 9 2018, 07:20 AM
Show posts by this member only | IPv6 | Post
#408
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Junior Member
22 posts Joined: Jun 2011
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Developer normally total subcontract out to one main contractor to do the construction. So this expenses is more or less fixed plus VO works. They dont bother about the bangla workers which are under their main con or subcon expense.
Based on gross sales deduct the construction cost, th per unit nett profit is surely more than 200% if not 300% This post has been edited by kwlam246: Oct 9 2018, 07:40 AM |
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Oct 9 2018, 08:43 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(sengg @ Oct 9 2018, 01:01 AM) If you're referring to net profit, then most probably you can't even justify your statements with figures besides hearsay. Generally, the figure is only about 20-30% net profit. Have a look at all the public listed developer's p/l statement before talking nonsense here, sure u can claim they understate certain stuff, but there're at least 30 property developers listed at bursa malaysia. From planning, approvals, construction to vp, a project could take over 5 years. How many will invest in a project for 30% net profit on capital employed over 5 years period?You might be surprise the bangla are paid at least rm90-100 perday in this industry, and 1 site can easily have 150-200 labours. that's about 20k perday if profit is petite, some developer would not have spent lavishly on party of the century, fleet of super cars, a few ten thousands a night in ktv, etc. This post has been edited by icemanfx: Oct 9 2018, 11:25 AM |
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Oct 9 2018, 02:53 PM
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Junior Member
95 posts Joined: Nov 2017
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QUOTE(gld998 @ Oct 9 2018, 06:37 AM) Ok.. you continue to be naive. I will not stop you. You're still justifying your statement with your guts No businessman will do business with 20~30% profit, while taking risk worth hundreds of million. You think they running charity? If you were to study the P/L of 20-30 developers for the at least past 5 years and still come to the same conclusion i salute you.... |
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Oct 9 2018, 03:32 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(sengg @ Oct 9 2018, 02:53 PM) You're still justifying your statement with your guts If you were to study the P/L of 20-30 developers for the at least past 5 years and still come to the same conclusion i salute you.... good good good, |
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Oct 9 2018, 04:24 PM
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Junior Member
359 posts Joined: Jun 2007
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cost 250 psft sell at 700 psft
i work in the industry |
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Oct 9 2018, 04:37 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(finger_waverz @ Oct 9 2018, 04:24 PM) cost 250 psft sell at 700 psft Let the naive one be... then we can make marnee out of them.. the world is flat!! i work in the industry This post has been edited by gld998: Oct 9 2018, 04:40 PM |
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Oct 9 2018, 05:11 PM
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Senior Member
934 posts Joined: Mar 2009
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QUOTE(finger_waverz @ Oct 9 2018, 04:24 PM) cost 250 psft sell at 700 psft landed or highrise? 250/sqft including land cost, consultant fees, contribution, marketing and etc? i work in the industry |
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Oct 9 2018, 05:15 PM
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Senior Member
3,668 posts Joined: Jun 2006 From: Bikini Abyss
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QUOTE(sengg @ Oct 9 2018, 01:01 AM) If you're referring to net profit, then most probably you can't even justify your statements with figures besides hearsay. Generally, the figure is only about 20-30% net profit. Have a look at all the public listed developer's p/l statement before talking nonsense here, sure u can claim they understate certain stuff, but there're at least 30 property developers listed at bursa malaysia. why would they report 300% PBT when they can report the "generally accepted" PBT of 30% and pay less dividend, tax?You might be surprise the bangla are paid at least rm90-100 perday in this industry, and 1 site can easily have 150-200 labours. that's about 20k perday |
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Oct 9 2018, 10:08 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(Agent 45 @ Oct 9 2018, 05:11 PM) landed or highrise? 250/sqft including land cost, consultant fees, contribution, marketing and etc? I just bought at 150sqf? so means I got a very good deal??  |
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Oct 10 2018, 09:17 AM
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Senior Member
934 posts Joined: Mar 2009
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QUOTE(gld998 @ Oct 9 2018, 10:08 PM) I just bought at 150sqf? so means I got a very good deal?? your 150/ft2 is low cost flat? have to see what types of property u bought and the location. |
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Oct 10 2018, 11:31 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(Agent 45 @ Oct 10 2018, 09:17 AM) your 150/ft2 is low cost flat? have to see what types of property u bought and the location. No le. Banglore lot. Ecora hills.Kulai. 519k for 4500k sqf. I know phase 1 developer selling at 880k. This is phase 7. Last unit. Consider clear stock.This post has been edited by gld998: Oct 10 2018, 11:34 AM |
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Oct 23 2018, 05:13 PM
Show posts by this member only | IPv6 | Post
#419
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Newbie
3 posts Joined: Apr 2009
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Hi all dai gor, I have some queries about the auction.
If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? |
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Oct 23 2018, 05:15 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. AskarPerangIf let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? |
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Oct 23 2018, 08:22 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(gld998 @ Oct 10 2018, 11:31 AM) No le. Banglore lot. Ecora hills.Kulai. 519k for 4500k sqf. I know phase 1 developer selling at 880k. This is phase 7. Last unit. Consider clear stock. Sure or not ? 4500 sqft build up ? If land area is 22x80 and double storey and each floor build up is 22x60 x 2 floors = 2640 sqft. |
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Oct 23 2018, 08:51 PM
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Junior Member
95 posts Joined: Nov 2017
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QUOTE(cracksys @ Oct 9 2018, 05:15 PM) why would they report 300% PBT when they can report the "generally accepted" PBT of 30% and pay less dividend, tax? you mean to say all of the companies fraud the financial statement and have been doing that for ages consistently and auditors and bursa passed their financial statement? |
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Oct 23 2018, 08:59 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(topearn @ Oct 23 2018, 08:22 PM) Sure or not ? 4500 sqft build up ? If land area is 22x80 and double storey and each floor build up is 22x60 x 2 floors = 2640 sqft. This post has been edited by gld998: Oct 23 2018, 09:02 PM |
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Oct 24 2018, 06:31 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gld998 @ Oct 10 2018, 11:31 AM) No le. Banglore lot. Ecora hills.Kulai. 519k for 4500k sqf. I know phase 1 developer selling at 880k. This is phase 7. Last unit. Consider clear stock. Bungalow lot meaning empty land?4500sq of empty land rite? |
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Oct 24 2018, 06:44 AM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(sengg @ Oct 23 2018, 08:51 PM) you mean to say all of the companies fraud the financial statement and have been doing that for ages consistently and auditors and bursa passed their financial statement? 300% means if they sell u a 1mil home, their cost (land cost+construction cost) is only 300k.Am not from deelopment co and not sure if that even possible Mind you that is just for house, excluding sui sui landscaping streetscaping and land allocation foc for schools surau and other amenities.. |
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Oct 24 2018, 06:46 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(BEANCOUNTER @ Oct 24 2018, 06:31 AM) Bungalow lot meaning empty land? Its just land size. The buildup area is ard 2100 sqft4500sq of empty land rite? |
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Oct 24 2018, 03:29 PM
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Newbie
2 posts Joined: Feb 2015
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. The answer is no as long as u didnt bid.If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? |
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Oct 24 2018, 04:40 PM
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Junior Member
274 posts Joined: May 2006
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. Akward situation to be in la, u sit there and the auctioneer stand there, and u two eyeball each other for 5 mins then tutup lelang.If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? Well dont sneeze or scratch head or dig nose safe lo. Sneeze can be like nodding head, scratch head like angkat tangan, dig nose with finger upwards like wanna raise hand with finger upwards. |
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Oct 24 2018, 04:50 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? QUOTE(Zavia/GenX @ Oct 24 2018, 04:40 PM) Akward situation to be in la, u sit there and the auctioneer stand there, and u two eyeball each other for 5 mins then tutup lelang. Yup this situation happen just now. Special case.Well dont sneeze or scratch head or dig nose safe lo. Sneeze can be like nodding head, scratch head like angkat tangan, dig nose with finger upwards like wanna raise hand with finger upwards. Later I share. |
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Oct 24 2018, 05:02 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Oct 24 2018, 05:50 PM) Yup this situation happen just now. Special case. you the one inside?Later I share. |
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Oct 24 2018, 05:20 PM
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Junior Member
411 posts Joined: Jan 2018
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. IMO the right question to ask is why you register to join the auction in the first place when you have no intention to buy? Just look see look see or a drastic change of mind last minute? Either way if you don't bid the auction is considered unsold. They can't force you to buy.If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? |
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Oct 24 2018, 05:22 PM
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Junior Member
411 posts Joined: Jan 2018
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QUOTE(AskarPerang @ Oct 24 2018, 04:50 PM) Yup this situation happen just now. Special case. Good sir will be waiting for your enlightenment. cheers.Later I share. |
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Oct 24 2018, 06:28 PM
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Junior Member
249 posts Joined: Aug 2018 From: Shah Alam
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be careful if you are buying lelong, you have to be really sure about the subsale price so you won't be buying the unit on subsale price.
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Oct 24 2018, 08:58 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(freedom84 @ Oct 23 2018, 05:13 PM) Hi all dai gor, I have some queries about the auction. If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price? 2 bidders register for this lelong unit. both also refuse to bid. after 10 mins, auction called off and declared as no bidder. But you have to take the risk. Jurisdiction totally down on the auctioneer and lawyer on site. So are you willing to risk the 10% cheque and try your luck register to bid but not bidding? |
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Oct 25 2018, 12:25 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(AskarPerang @ Oct 24 2018, 08:58 PM) 2 bidders register for this lelong unit. both also refuse to bid. after 10 mins, auction called off and declared as no bidder. But you have to take the risk. Jurisdiction totally down on the auctioneer and lawyer on site. So are you willing to risk the 10% cheque and try your luck register to bid but not bidding? go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. |
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Oct 25 2018, 12:55 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(lucerne @ Oct 25 2018, 12:25 PM) this case is diff, auctioneer increased the reserve price on the spot (thot that 2 bidders will accept higher price and start bid), but both refused. i think both hope to win at original reserve price.. if the auctioneer start from the original reserved price , maybe can get slightly higher price. As mention previous, case by case basis. But are you willing to take such risk?go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. Here an example, still can pull out even after being declared as the only registered bidder: |
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Oct 25 2018, 04:25 PM
Show posts by this member only | IPv6 | Post
#437
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Newbie
3 posts Joined: Apr 2009
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QUOTE(AskarPerang @ Oct 25 2018, 12:55 PM) As mention previous, case by case basis. But are you willing to take such risk? I am asking this is because there got 2 units will be have the auction at the same day and the price is really low. I plan to buy 2 bank draft to try for this 2 units, in case first unit have other bidders and I lose, I can go for second ones. If the first unit I am only single bidder and I win, then for second unit I don’t wan anymore, but second unit also only me is the person to register, I afraid I will force to buy it also. Btw, I am bid for own stay, so scary later have to sapu for 2 units together...Here an example, still can pull out even after being declared as the only registered bidder: |
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Oct 25 2018, 05:29 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(lucerne @ Oct 25 2018, 12:25 PM) go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. Until bidder raise his hand to make a offer e.g at reserve price else registered to bid is non binding as it is only express of interest not a offer. |
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Oct 25 2018, 08:28 PM
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Junior Member
438 posts Joined: Mar 2005
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Guys sorry different question, anyone tried ng Chan mau online bidding, is it better than manual one?
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Oct 26 2018, 08:29 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(aku_ker @ Oct 25 2018, 08:28 PM) Guys sorry different question, anyone tried ng Chan mau online bidding, is it better than manual one? Yes. Better for me. I bid from SG for auction property. Dont have to squeeze with all the siao lang and all the underhand ghost bidders, shark lawyers etc. If above my budget, i just dont bid. Less emotions and more profit focus with less distractions.This post has been edited by gld998: Oct 26 2018, 08:30 AM |
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Oct 26 2018, 11:42 AM
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Junior Member
438 posts Joined: Mar 2005
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QUOTE(gld998 @ Oct 26 2018, 08:29 AM) Yes. Better for me. I bid from SG for auction property. Dont have to squeeze with all the siao lang and all the underhand ghost bidders, shark lawyers etc. If above my budget, i just dont bid. Less emotions and more profit focus with less distractions. Sound goods, let say if you didn't win any bid, how they return the bankers cheque and if you win they will post you the auction contract? |
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Oct 26 2018, 01:22 PM
Show posts by this member only | IPv6 | Post
#442
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Junior Member
110 posts Joined: Jun 2017
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QUOTE(AskarPerang @ Oct 25 2018, 12:55 PM) As mention previous, case by case basis. But are you willing to take such risk? can auctioneers forfeit the bidder 10% deposit bank draft if he is the only bidder & refused to bid?Here an example, still can pull out even after being declared as the only registered bidder: |
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Oct 26 2018, 03:13 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(dragonnite999999 @ Oct 26 2018, 01:22 PM) can auctioneers forfeit the bidder 10% deposit bank draft if he is the only bidder & refused to bid? No. |
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Oct 26 2018, 04:12 PM
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Senior Member
2,854 posts Joined: Jul 2013
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QUOTE(icemanfx @ Oct 26 2018, 03:13 PM) No. you sure ? last time i thought for high court case, the bailiff can do that. |
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Oct 26 2018, 04:24 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(forever1979 @ Oct 26 2018, 04:12 PM) you sure ? Submitting bank guarantee merely qualified one to bid.last time i thought for high court case, the bailiff can do that. |
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Oct 26 2018, 04:57 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Yet another lelong fairy tale story to share:
» Click to show Spoiler - click again to hide... « S1-09-02, Vista Alam, Jalan Ikhtisas 14/1, Seksyen 14 Reserve price 🔥🔥RM284,000🔥🔥 714 sqft, 1CP (dual key unit) Leasehold Auction: 19-Sep-2018 (Wed) Sold at 312k just now. 5 bidders. Very cheap price. Good catch. New owner hit the jackpot. Unit tenanted at RM1400 + RM600 = RM2000 monthly. While his loan installment to the bank at only RM1350. Wow. Positive cash flow with zero effort. Ready unit. Ready tenant. Down to luck actually. |
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Oct 26 2018, 07:15 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(aku_ker @ Oct 26 2018, 11:42 AM) Sound goods, let say if you didn't win any bid, how they return the bankers cheque and if you win they will post you the auction contract? Yup. Just return the deposit. |
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Oct 26 2018, 07:24 PM
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Junior Member
438 posts Joined: Mar 2005
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QUOTE(AskarPerang @ Oct 26 2018, 04:57 PM) Yet another lelong fairy tale story to share: How much is the maintenance fee?» Click to show Spoiler - click again to hide... « S1-09-02, Vista Alam, Jalan Ikhtisas 14/1, Seksyen 14 Reserve price 🔥🔥RM284,000🔥🔥 714 sqft, 1CP (dual key unit) Leasehold Auction: 19-Sep-2018 (Wed) Sold at 312k just now. 5 bidders. Very cheap price. Good catch. New owner hit the jackpot. Unit tenanted at RM1400 + RM600 = RM2000 monthly. While his loan installment to the bank at only RM1350. Wow. Positive cash flow with zero effort. Ready unit. Ready tenant. Down to luck actually. QUOTE(gld998 @ Oct 26 2018, 07:15 PM) Yup. Just return the deposit. Ok thanks |
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Oct 31 2018, 02:53 PM
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Junior Member
274 posts Joined: May 2006
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QUOTE(AskarPerang @ Oct 24 2018, 08:58 PM) 2 bidders register for this lelong unit. both also refuse to bid. after 10 mins, auction called off and declared as no bidder. But you have to take the risk. Jurisdiction totally down on the auctioneer and lawyer on site. So are you willing to risk the 10% cheque and try your luck register to bid but not bidding? U were not the 3rd bidder? Or public can kepo kepo masuk? QUOTE(lucerne @ Oct 25 2018, 12:25 PM) this case is diff, auctioneer increased the reserve price on the spot (thot that 2 bidders will accept higher price and start bid), but both refused. i think both hope to win at original reserve price.. if the auctioneer start from the original reserved price , maybe can get slightly higher price. I thought it was irrevocable. Cant listen now, cos in office.go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. |
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Oct 31 2018, 05:04 PM
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Senior Member
1,128 posts Joined: Jun 2015
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QUOTE(AskarPerang @ Oct 26 2018, 04:57 PM) Yet another lelong fairy tale story to share: If the rental so good, no reason people will lelong the unit de wor» Click to show Spoiler - click again to hide... « S1-09-02, Vista Alam, Jalan Ikhtisas 14/1, Seksyen 14 Reserve price 🔥🔥RM284,000🔥🔥 714 sqft, 1CP (dual key unit) Leasehold Auction: 19-Sep-2018 (Wed) Sold at 312k just now. 5 bidders. Very cheap price. Good catch. New owner hit the jackpot. Unit tenanted at RM1400 + RM600 = RM2000 monthly. While his loan installment to the bank at only RM1350. Wow. Positive cash flow with zero effort. Ready unit. Ready tenant. Down to luck actually. This is like TOTO, good thing happen once in a while |
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Nov 1 2018, 11:29 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(submergedx @ Oct 31 2018, 05:04 PM) If the rental so good, no reason people will lelong the unit de wor This is like TOTO, good thing happen once in a while |
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Nov 1 2018, 11:35 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(submergedx @ Oct 31 2018, 06:04 PM) If the rental so good, no reason people will lelong the unit de wor thats why TOTO is a must buy even in small amount. who know you is the next millionaire? This is like TOTO, good thing happen once in a while  |
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Nov 1 2018, 03:50 PM
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Junior Member
274 posts Joined: May 2006
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QUOTE(submergedx @ Oct 31 2018, 05:04 PM) If the rental so good, no reason people will lelong the unit de wor Cos sometimes other property they have didnt rent out or losses in forex/stock/emas/premierleague/medical, then cannot bayar the bank the monthly mortgage, so use cc for food and petrol, then when cc maxed out, and friends n family sudah disown, have to jual assets. Then mau jual in short period cannot, bank take n lelong, ggwp.This is like TOTO, good thing happen once in a while Our liabilities all are 'dangerous' to carry, car loan house loan credit card unpaid student loan makbapakbrothersisteruncleaunty loan and so on, if we dont juggle our finances well we have to face the consequences. |
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Nov 1 2018, 04:05 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(Zavia/GenX @ Nov 1 2018, 03:50 PM) Cos sometimes other property they have didnt rent out or losses in forex/stock/emas/premierleague/medical, then cannot bayar the bank the monthly mortgage, so use cc for food and petrol, then when cc maxed out, and friends n family sudah disown, have to jual assets. Then mau jual in short period cannot, bank take n lelong, ggwp. Many listened to poorperly guru, housing loan is a good debts and didn't realize/mention debts is only good if keeping up with repayment.Our liabilities all are 'dangerous' to carry, car loan house loan credit card unpaid student loan makbapakbrothersisteruncleaunty loan and so on, if we dont juggle our finances well we have to face the consequences. This post has been edited by icemanfx: Nov 1 2018, 04:12 PM |
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Nov 1 2018, 04:31 PM
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Senior Member
2,854 posts Joined: Jul 2013
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loan interest is likely on upward trend...
so if the loan amt is huge like RM1mil, incremental of monthly installment could be significant. |
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Nov 1 2018, 04:56 PM
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All Stars
20,146 posts Joined: May 2011
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QUOTE(forever1979 @ Nov 1 2018, 04:31 PM) loan interest is likely on upward trend... Its all relative lah....so if the loan amt is huge like RM1mil, incremental of monthly installment could be significant. Ppl that bought 1mil home and 200k home....different keras. |
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Nov 1 2018, 05:53 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(Zavia/GenX @ Nov 1 2018, 03:50 PM) Cos sometimes other property they have didnt rent out or losses in forex/stock/emas/premierleague/medical, then cannot bayar the bank the monthly mortgage, so use cc for food and petrol, then when cc maxed out, and friends n family sudah disown, have to jual assets. Then mau jual in short period cannot, bank take n lelong, ggwp. but if the person belajar from expert icemanfx, tak akan rugi.Our liabilities all are 'dangerous' to carry, car loan house loan credit card unpaid student loan makbapakbrothersisteruncleaunty loan and so on, if we dont juggle our finances well we have to face the consequences. This post has been edited by David_77: Nov 1 2018, 06:27 PM |
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Nov 1 2018, 06:13 PM
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Junior Member
577 posts Joined: Apr 2011
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QUOTE(Zavia/GenX @ Nov 1 2018, 03:50 PM) Cos sometimes other property they have didnt rent out or losses in forex/stock/emas/premierleague/medical, then cannot bayar the bank the monthly mortgage, so use cc for food and petrol, then when cc maxed out, and friends n family sudah disown, have to jual assets. Then mau jual in short period cannot, bank take n lelong, ggwp. ad***n w**?Our liabilities all are 'dangerous' to carry, car loan house loan credit card unpaid student loan makbapakbrothersisteruncleaunty loan and so on, if we dont juggle our finances well we have to face the consequences. 😁😁 |
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Nov 1 2018, 06:16 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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QUOTE(David_77 @ Nov 1 2018, 05:53 PM) but if the person belajar from expert icemax, tak akan rugi. u sure about it ahh profit all the way huh  |
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Nov 1 2018, 06:17 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(nexona88 @ Nov 1 2018, 06:16 PM) u sure about it ahh profit all the way huh she gives FB lah, bitcoin lah, jjptr leh... all profit making vehicles. people buy popoti are lousy |
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Nov 1 2018, 06:22 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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QUOTE(David_77 @ Nov 1 2018, 06:17 PM) super sure boss. she gives FB lah, bitcoin lah, jjptr leh... all profit making vehicles. people buy popoti are lousy super smart... must have income more than ministers monthly This post has been edited by nexona88: Nov 1 2018, 06:22 PM |
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Nov 1 2018, 06:25 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(nexona88 @ Nov 1 2018, 06:22 PM) super smart... must have income more than ministers monthly  |
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Nov 1 2018, 07:56 PM
Show posts by this member only | IPv6 | Post
#463
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Senior Member
7,350 posts Joined: Aug 2015
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Is there auction unit on KL Traders Square already?
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Nov 1 2018, 08:14 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(coolguy99 @ Nov 1 2018, 07:56 PM) Is there auction unit on KL Traders Square already? Here you go: https://www.facebook.com/573213159515269/po...93799884123258/ |
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Nov 2 2018, 03:13 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(David_77 @ Nov 1 2018, 06:17 PM) super sure boss. If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc.she gives FB lah, bitcoin lah, jjptr leh... all profit making vehicles. people buy popoti are lousy This post has been edited by icemanfx: Nov 2 2018, 03:36 AM |
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Nov 2 2018, 08:11 AM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Nov 2 2018, 03:13 AM) If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc. Sure. What ever you said. You’re de expert 😊 |
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Nov 2 2018, 09:26 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Nov 2 2018, 03:13 AM) If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc. self declared expert! |
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Nov 2 2018, 10:59 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(icemanfx @ Nov 2 2018, 04:13 AM) If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc. how about those unsucessful business? a lot shop closing and some run with customer deposit too. |
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Nov 2 2018, 11:20 AM
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Senior Member
4,998 posts Joined: Dec 2010
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QUOTE(icemanfx @ Nov 2 2018, 03:13 AM) If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc. Cari makan only.Flip a bit here and there. Can never go big. the profit is good enough to live above average. Can you teach how to get into fortune 500? |
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Nov 2 2018, 12:15 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(leodinouknow @ Nov 2 2018, 10:59 AM) how about those unsucessful business? a lot shop closing and some run with customer deposit too. 90% of new business close in first 3 years. Why invest in new business not established business?QUOTE(New Klang @ Nov 2 2018, 11:20 AM) Cari makan only. Join them, many are public listed, easier to buy their stocks than house.Flip a bit here and there. Can never go big. the profit is good enough to live above average. Can you teach how to get into fortune 500? |
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Nov 2 2018, 12:20 PM
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Senior Member
990 posts Joined: Jun 2016
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[quote=icemanfx,Nov 2 2018, 01:15 PM]
90% of new business close in first 3 years. Why invest in new business not established business? invest? why not own startup a company? |
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Nov 2 2018, 12:21 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(David_77 @ Nov 2 2018, 08:11 AM) Sure. What ever you said. You’re de expert 😊 QUOTE(gld998 @ Nov 2 2018, 09:26 AM) self declared expert! :thumbsup: |
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Nov 2 2018, 12:22 PM
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All Stars
21,456 posts Joined: Jul 2012
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[quote=leodinouknow,Nov 2 2018, 12:20 PM]
[quote=icemanfx,Nov 2 2018, 01:15 PM] 90% of new business close in first 3 years. Why invest in new business not established business? invest? why not own startup a company? [/quote] As said, 90% of new business failed within first 3 years. |
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Nov 2 2018, 12:32 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Nov 2 2018, 12:21 PM) I am only a economy student, not a expert, this is just common sense. Common sense is the collection of prejudices acquired by the age of eighteen. ~ Albert Einstein (1879 - 1955) Physicist & Nobel Laureate |
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Nov 2 2018, 12:45 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(David_77 @ Nov 2 2018, 12:32 PM) Common sense is the collection of prejudices acquired by the age of eighteen. Perhaps why only about 3% of adults in this country have over us$100k net worth because many of common Sense is not economical or sensible.~ Albert Einstein (1879 - 1955) Physicist & Nobel Laureate This post has been edited by icemanfx: Nov 2 2018, 12:50 PM |
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Nov 2 2018, 01:10 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Nov 2 2018, 12:45 PM) Perhaps why only about 3% of adults in this country have over us$100k net worth because many of common Sense is not economical or sensible. Because the common sense you cakap bukan absolute truth. Student of ekor-nomi macam ini one meh? Tapi you expert kat FB, jjptr, mlm, so lack of something between ears is ok. Terbaik lah you ✌️ |
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Nov 2 2018, 03:11 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(David_77 @ Nov 2 2018, 01:10 PM) Because the common sense you cakap bukan absolute truth. Student of ekor-nomi macam ini one meh? If one couldn't distinguish fake news, his common sense is similarly confused.Tapi you expert kat FB, jjptr, mlm, so lack of something between ears is ok. Terbaik lah you ✌️ |
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Nov 2 2018, 03:29 PM
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Senior Member
4,998 posts Joined: Dec 2010
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QUOTE(icemanfx @ Nov 2 2018, 12:15 PM) 90% of new business close in first 3 years. Why invest in new business not established business? How to join? got any contact? Join them, many are public listed, easier to buy their stocks than house. by the way, when will property collapse? you were active in predicting collapse in 2018? Still have 2 months to go, looks like neither up nor down if you filter the few countable lelong condos. I am looking at 2019 as I already close my account this year. Need you to continue spread the DDD sentiment so that more cheaper choices for me. |
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Nov 2 2018, 03:34 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Nov 2 2018, 03:11 PM) If one couldn't distinguish fake news, his common sense is similarly confused. that's why lor.come on, you have been acknowledged as expert liao, with the gospel of 3% and FB and mlm and jjptr and student of ekor-nomi. take the compliments This post has been edited by David_77: Nov 2 2018, 03:35 PM |
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Nov 2 2018, 03:36 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(New Klang @ Nov 2 2018, 03:29 PM) How to join? got any contact? As said numerous times, property is illiquid, price will take years to bottom. As most bought property with loan, price stagnant mean incurring losses on loan interest.by the way, when will property collapse? you were active in predicting collapse in 2018? Still have 2 months to go, looks like neither up nor down if you filter the few countable lelong condos. I am looking at 2019 as I already close my account this year. Need you to continue spread the DDD sentiment so that more cheaper choices for me. Market sentiment is collective sentiment of stakeholders, couldn't start or spread by a student. This post has been edited by icemanfx: Nov 2 2018, 04:20 PM |
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Nov 2 2018, 04:38 PM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Nov 2 2018, 12:45 PM) Perhaps why only about 3% of adults in this country have over us$100k net worth because many of common Sense is not economical or sensible. Definitely more then 3% have us$100k la.. easily 15 to 20% |
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Nov 2 2018, 05:03 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(gld998 @ Nov 2 2018, 04:38 PM) Definitely more then 3% have us$100k la.. easily 15 to 20% Not according to a i.b wealth report. |
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Nov 2 2018, 05:17 PM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(gld998 @ Nov 2 2018, 04:38 PM) Definitely more then 3% have us$100k la.. easily 15 to 20% QUOTE(icemanfx @ Nov 2 2018, 05:03 PM) Not according to a i.b wealth report. we should not doubt the expert.she's fluent in ekor-nomi, FB, mlm, jjptr |
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Nov 2 2018, 07:32 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(icemanfx @ Nov 2 2018, 06:03 PM) Not according to a i.b wealth report. some never declare full tax. our sugar king also kena til fed up go hongkong |
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Nov 2 2018, 08:00 PM
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Senior Member
4,998 posts Joined: Dec 2010
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Plenty not declaring high income and high asset ownership. Why pay extra tax?
Economy student need to get hands dirty by doing and not talking. |
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Nov 2 2018, 10:06 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(New Klang @ Nov 2 2018, 09:00 PM) Plenty not declaring high income and high asset ownership. Why pay extra tax? Economy student need to get hands dirty by doing and not talking. suppppoooorrrttttttttt |
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Nov 3 2018, 01:31 AM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(leodinouknow @ Nov 2 2018, 07:32 PM) some never declare full tax. our sugar king also kena til fed up go hongkong QUOTE(New Klang @ Nov 2 2018, 08:00 PM) Plenty not declaring high income and high asset ownership. Why pay extra tax? Private bank probably know hidden wealth better than anyone else.Economy student need to get hands dirty by doing and not talking. |
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Nov 3 2018, 06:51 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ Nov 3 2018, 01:31 AM) Private bank probably know hidden wealth better than anyone else. Can share data? |
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Nov 3 2018, 09:00 AM
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Senior Member
2,396 posts Joined: Aug 2016
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QUOTE(icemanfx @ Nov 3 2018, 01:31 AM) Private bank probably know hidden wealth better than anyone else. QUOTE(gld998 @ Nov 3 2018, 06:51 AM) Can share data? Expert no data one. Just quote here and there and everywhere. That’s why expert mah 👍 |
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Nov 5 2018, 03:25 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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Another rumah selangorku fall into auction.
3rd so far all from rumah selangorku project. So yeah, affordable house can be bought up by investors via lelong, just like low cost housing. |
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Nov 8 2018, 08:21 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(David_77 @ Nov 3 2018, 09:00 AM) Expert no data one. Just quote here and there and everywhere. That’s why expert mah 👍 lol |
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Nov 8 2018, 09:26 AM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Nov 5 2018, 04:25 PM) Another rumah selangorku fall into auction. omg investor happy to goreng this already3rd so far all from rumah selangorku project. So yeah, affordable house can be bought up by investors via lelong, just like low cost housing. |
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Nov 8 2018, 10:49 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(AskarPerang @ Oct 6 2018, 01:13 AM) How low can the price go? Is now crazy cheap. Unbelievable. A-01-08, Block A, Residensi Sembilan Cheras New reserve price🔥🔥RM 367,500🔥🔥 Freehold 1502sqft Auction: 08-Nov-2018 (Thu) QUOTE(AskarPerang @ Oct 25 2018, 02:12 PM) No taker. Drop price as well. Now got 2 big size units at below 400k. Wow. Lelong lesson to share. See above. 2 units lelong at the same day same time.A-02-09, Residensi Sembilan Cheras New reserve price🔥🔥RM 383,850🔥🔥 Freehold 1502sqft Auction: 08-Nov-2018 (Thu) As a smart bidder, which unit you should aim? Both unit same size same facing and vacant. Read tips #4 share below: So lelong results today: » Click to show Spoiler - click again to hide... « |
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Nov 8 2018, 11:58 PM
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Senior Member
990 posts Joined: Jun 2016
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QUOTE(AskarPerang @ Nov 8 2018, 11:49 PM) Lelong lesson to share. See above. 2 units lelong at the same day same time. she give de tips all quite risky and need extra modal except number4As a smart bidder, which unit you should aim? Both unit same size same facing and vacant. Read tips #4 share below: So lelong results today: » Click to show Spoiler - click again to hide... « |
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Nov 12 2018, 05:33 PM
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Junior Member
274 posts Joined: May 2006
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QUOTE(AskarPerang @ Nov 8 2018, 10:49 PM) Lelong lesson to share. See above. 2 units lelong at the same day same time. I feel smarter when you post such things bro. As a smart bidder, which unit you should aim? Both unit same size same facing and vacant. Read tips #4 share below: So lelong results today: » Click to show Spoiler - click again to hide... « Playing the other bidders, not the auction. Like main poker, play the players not the cards. Win before even going to "battle" by deciding the battlefield. |
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Nov 12 2018, 06:49 PM
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All Stars
33,615 posts Joined: May 2008
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QUOTE(Zavia/GenX @ Nov 12 2018, 05:33 PM) I feel smarter when you post such things bro. So many of the so called bidders are just people going around to collect easy money ?Playing the other bidders, not the auction. Like main poker, play the players not the cards. Win before even going to "battle" by deciding the battlefield. |
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Nov 13 2018, 05:14 AM
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(puchongite @ Nov 12 2018, 06:49 PM) So many of the so called bidders are just people going around to collect easy money ? newbies n despo yes. |
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Nov 14 2018, 12:05 PM
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All Stars
33,615 posts Joined: May 2008
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Can I ask some dump question about auction. Do banks often lose money in auction involved deals ? How often they can recover their money ? Any average figure ? |
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Nov 14 2018, 12:49 PM
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All Stars
21,456 posts Joined: Jul 2012
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QUOTE(puchongite @ Nov 12 2018, 06:49 PM) So many of the so called bidders are just people going around to collect easy money ? One needs to submit banker cheque before could bid.QUOTE(puchongite @ Nov 14 2018, 12:05 PM) Can I ask some dump question about auction. Bank will recover any shortfall from borrower. Bank don't normally write off until borrower is declared bankrupt.Do banks often lose money in auction involved deals ? How often they can recover their money ? Any average figure ? |
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Nov 14 2018, 12:57 PM
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All Stars
33,615 posts Joined: May 2008
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QUOTE(icemanfx @ Nov 14 2018, 12:49 PM) One needs to submit banker cheque before could bid. |
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