How many rounds these days for those with lousy number, facing junction or odd-shaped land for corner house or those near HTC?

Is that right?? When would this info be communicated?

Is it generally the case where it is a High Court of Malaya auction that no outstanding bills would be covered?

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

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

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

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

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

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

New owner very patient.

I'd have called in my team of ah longs to deal with this type of people.

Wonder if this unit would need to be renovated after this.

Depends on the situation.

Electricity, if the account is under the landlord's name then can cut anytime the bills are in arrears though prior notice to this effect must be given and in writing.

Water, also the same as electricity.

Access to the building, a bit tricky but you could bar the access cards to the carpark but not those to the unit itself.

Unethical? Depends on situation I suppose but sometimes as a landlord we have to be realistic.

Strictly speaking it is very much illegal too and got to be careful as a landlord when you call such persons to deal with this type of mess and make sure you use a proper ah long.

Any injuries or property damage the tenant suffers he or she can take legal action against the landlord.

However 2-14 days vs 9-12 months........hmmmmmm

Actually I did have a similar situation some years back.

Nasty problematic tenants whose rent was in arrears and the TNB bills were red notices. Basically each time they came to cut the supply some money changed hands and the power remained on.

I told the tenant to get the supply in their own name and gave them 1 week to do so and to sign on the document I had prepared.

1 week later, they did not do anything about it and the power was disconnected. They complained that their insulin could no longer be used. Told them to go to court which they did. Judge threw out their claim.

You mean by cutting the power? Nope, they did not budge and reconnected the electricity illegally bypassing a meter.

I had my usual ah long deal with them.

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

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

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

They aren't that difficult to find.

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

This one looks like a prime one to convert to be child care or old age care home.

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

Not sure of his political affiliations but this is one of the casualties of crude oil falling.

He was the owner of this company called Black Gold Ventures, had several projects that did not take off, also had the contract for a waste to energy incinerator project.

Doubt he was into loan compression but not surprised he bought properties like there was no tomorrow.

Not personally no but knew of his company or should I say companies.

Not an unusual story in the OnG sector.

Same reason why in Australia 3 years ago there were many homes and Harley Davidson motorcycles and the very fancy utes being repoed. Mining boom came to an end in a sudden and many operations shutdown.

You are bidding to buy not to attempt to secure a loan.

Say bye bye to that 10%.

Legal way can be long and time consuming. Up to a year isn't unusual. But there are a few specialised companies that specialise in this type of services, not cheap though. Prepare to pay upwards of RM12000.

Illegal way, 1-3 days to consult and discuss with the "service provider" and usually you will be given 1-2 days to "think about it" if you need that time. Upon confirmation and payment, yes you will need to pay an upfront payment of at least 50% before they would entertain you. You will get your property vacant between 3 to 14 days. Cost? Depends on area, race involved, whether the person is a civil servant/police/military/underworld and finally also the type of house. RM3000-5000 is normal but could be up to RM15000 as well.


Any idea if this saga had ended and what was the outcome?

It depends on your conscience and convictions.

That is not true if you follow proper procedures.

You do realize that the case in Penang was an anomaly and the only reason it received media attention was someone was trying to capitalize on it politically?

This happens when you have an occupier that feels there isn't anything in life to lose.

Salute to the new owner, extremely patient one. I'd have called in some thugs long before it came to this.

It seems the process will be faster only after April 1, my buyer was telling me that a new system will be implemented then and currently no applications can go through.

Any idea if this is the reason it will be faster?