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 Auction properties

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corleone74
post Jun 27 2018, 09:49 AM

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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
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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.
corleone74
post Jun 27 2018, 09:53 AM

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QUOTE(Scarfe @ Jun 26 2018, 11:15 PM)
thanks again @AskarPerang.

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.
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You should done your sums very carefully and not be sucked into the action and over bid .

Yes, prepare your own lawyer. And you should also have checked with your bank/ banker on your loan.

corleone74
post Jun 27 2018, 08:55 PM

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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.

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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Iirc transfer from foreign owner may take longer. Someone correct me if I'm wrong .
corleone74
post Jun 27 2018, 08:56 PM

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QUOTE(Scarfe @ Jun 27 2018, 08:44 PM)
Attended the auction.
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, cupboard etc while auction unit empty).
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Which condo is this

 

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