7 bidders just now.
Bumi lot.
Brand new virgin condition unit. Facing swimming pool. Nice view.

Anyone wanna guess end up sold how much?

Got 2 interesting story to share from today Maybank mega auction:

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1. Buyer market is certainly back. Hot property will still have many buyers willing to buy.
Only at 10% cheaper than subsale market also good enough for some people.
Total attracted 5 bidders.
Unit sold at 915k today. Wow. 
Only 10% cheaper than subsale pricing?
Plus this is an occupied unit some more.

Developer units still selling, free legal fees, rebate, disccounts some more nett pricing around 1M+ only.
Not sure is a good catch or not.

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2. Another unit from Zeta, One South sold at the lelong market today.
Damn it notice there is a syndicate cheating on noob buyer in the market currently.
Sad case happening.

Scroll above. This syndicate won the last unit here at 445k, refer: https://forum.lowyat.net/index.php?showtopi...post&p=91498503
Now today managed to cheat another buyer.

G-27-03A, Zeta Residence, One South
Reserve price 🔥🔥RM 470,000🔥🔥
Leasehold until year 2094
1184 sqft + 173 sqft private lobby foyer space
Auction: 04-May-2019 (Sat)



2 bidders. Syndicate own register as another bidder to bid up the price. Reason is to collect higher commission earning.
Nobody else will enter at 470k. It is still high price.

Anyway, they bid up the price and sold at 502k.
I pity the buyer who got cheated here. 

Easy. Coz the buyer authorized this syndicate to bid on behalf and most probably was coax into believing that need 500k budget to win. Is under their total control. Well plan by creating a 2nd bidder to jack up the price.

something like iphone selling 1000usd, but got people offer at 600usd starting bid and will sold to highest bid. you attract at 600usd, you go bid, but will got someone keep over bid you. over bid you is not buyer, is internal group of seller cause seller dont want to lose money by selling you at the price. at the end, minimum bid will reach 900usd only seller willing stop and let buyer win

Is certainly not like what leodinouknow explain. Wrong explanation.

There is no "ulat" like what you mention. Example the Zeta One South unit. "Ulat" if really got like what you mention, once "ulat" know that you will be bidding for this unit, the "ulat" will need to go rush and prepare bank draft amounting to 47k. And today is Saturday. Possible only bank in KLCC open. In time?

The incident happen as per my explanation above. Run by syndicate.
They already got a buyer entering to bid this unit, bidding on behalf.
They registered a second bidder (yes by placing a well prepare 47k bank draft)
They created the bid fighting scene.
Unit sold at 502k.
End of story. This is not ulat. This is syndicate cheating the noob buyer. Unneccessarily wasted to buy at 30k+ extra.

Yes side deal outside the auction do happen. But is harder to deal now coz got online bidder.

Was wandering too.. so much commission to make?

Yeah, this part I don't understand...what happens if accidentally sold to syndicate if the noob buyer end up don't bid higher than them? Sorry if I'm missing out on something.

Another interesting story:

Its been abandoned for more than a year now.

This one is a malay reserved plot therefore even Sabah and Sarawak natives aren't allowed to buy.

All I can say is good luck to Jamban Yunos.

nanti trace back tis property is bought using donation from 1mdb lagi susah