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 Auction properties

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gks
post Jun 22 2018, 09:27 PM

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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

https://www.iproperty.com.my/property/the-f...-sentul-6458566

https://www.iproperty.com.my/property/the-f...-sentul-6442305
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The reality is this the budget for tenants who are looking to rent in Sentul.

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.
gks
post Jun 22 2018, 09:53 PM

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QUOTE(BEANCOUNTER @ Jun 22 2018, 09:29 PM)
Locarion location location

Not

Iconic iconic iconic
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end of the day is your property game. For developer, they just want to maximize the profit of the landbank

It will be interesting to see the next residential offering in Sentul East and West. smile.gif
gks
post Aug 14 2020, 09:46 PM

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QUOTE(AskarPerang @ Aug 14 2020, 09:32 PM)
The level 1 unit attracted more than 10 bidders just now.
Sold at 479,900 in the end. For level 1 unit.
Last month can win at 448k but nobody interested.

And the sifu grab level 17 same size unit at 460k. This is smart buyer.


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Why this guy needs to specifically mentioned that he was against 10 Chinese auction agents? I would imagine if a Chinese who wrote that he was against 10 malay auction agents, he will be immediately labelled as racist.
gks
post Aug 14 2020, 11:24 PM

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QUOTE(washay @ Aug 14 2020, 10:57 PM)
Most Malays have high respect on their fellow chinese..beating those 10 chinese fella  means soo much to him..looking on the way he wrote..he wanted to brag among his fellow Malay friends how good he..my personal view. But I also believed no need to specify race  better
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Winning fair and square against 10 other bidders is respectable regardless the races... Does he means win against chinese is more satisfying than own race?
gks
post Apr 24 2024, 10:01 AM

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QUOTE(AhBoy~~ @ Apr 24 2024, 12:14 AM)
hi all, is there any concerns/things I should take note before enter bid for a recently completed condo but strata title not yet issue by developer?

Will there be like issue like double transfer take time kena penalty or cannot get loan from bank need cash buy etc.?
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If you are inexperienced, engage auction agent. They may not able to discover all potential pitfalls but they are able to help out at least 80% of it.
gks
post May 14 2024, 09:26 AM

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QUOTE(AtMostFear @ May 13 2024, 11:41 PM)
Hi all, planning to join LACA auction next week. It's for a serviced apartment where I'm currently renting, but different unit. Please let me know if I've missed any steps.

1. Surveyed the house. Nobody staying there. Checked with the janitors, so far nothing unusual about previous owner.
2. Land search done. No caveat on the house. (Tanggungan dan endosan-endosan lain - Tiada)
3. Bumi lot. Leasehold. Strata title already issued. Called the developer, they agreed to do direct transfer with admin fee.
4. POS from auction house checked. Only maintenance fee can claim from bank (it's Ambank by the way), others I need to pay myself. Already checked all outstanding amounts (cukai tanah, pintu, etc.), so far I can cover it.
5. Pre-loan approval with 2 banks (PBB & RHB) got positive feedback. interest ~3.9%

Next step:
1. Get bank draft 10% value of reserve price. any additional amount (if bid price increase) to just transfer online later.
2. Just noticed the auction house organizing this also doing the bid online. Shall I go in person or just join online? scared if go in person become nervous or someone kacau, but if go online what if something goes wrong with internet/computer/etc. during auction  doh.gif

any other tips appreciated, thanks
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Seems you already have done all the homework. As long as you are bumi, do not see any issue any issue for you bid or get an agent to bid on behalf. The only thing please check the transacted market price and be discipline with your ceiling price especially this is bumi lot (usually discounted steeply to market price).

All the best.
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