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 Auction properties

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Adorable
post Sep 11 2018, 11:47 PM

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Auction property can be finance?
Where can check the auction properties?
Adorable
post Dec 13 2018, 09:14 PM

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QUOTE(AskarPerang @ Dec 10 2018, 04:39 PM)
Leasehold property,
depending auction conducted where:

NON LACA (high court / land office)
meaning individual strata title completed.
non bumi can buy from bumi owner (non bumi lot unit).

LACA (public auction)
meaning still under master title or individual strata title yet to complete (beware the need to do double transfer)
depend on the developer. need to check with developer.
coz developer hold the title.
developer can still convert bumi owner unit into bumi lot if they suddenly oversell the project to non bumi and fail to meet the bumi quota.
for some project, maybe developer already paid up the penalty to the authority. meaning majority units already being converted into open unit. no longer got bumi quota.
So conclusion, only developer holds the answer to your question if the lelong unit fall under this case.
*
Hi AskarPerang, always heard of after bought the auction property already but owner don't wan to move out, really got such thing?
Adorable
post Dec 17 2018, 09:16 PM

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any good buy auction property can recommend? Thanks
Adorable
post Dec 18 2018, 11:12 AM

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Hi AskarPerang, it's good if can get below 30% for brand new unit.
Adorable
post Dec 19 2018, 10:41 AM

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I see, so you bought a lot auction properties before?

 

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