Here's what I do before I bid;

1. Google around for auction properties.
2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc.
3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking.
4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1.
5. Go for bidding with a set budget (always below bank valuation).
6. Win - sign contract; lose - return to step 1.

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Wrong la bro,
I read the comment, this is Tiara park home in kajang, u see the toilet exactly what it is like from the picture.
subsale home only price at RM360k
http://www.propwall.my/classifieds/2557505...or-sale-by-yuki
cheapest also got RM325K
http://www.propwall.my/classifieds/1409171...le-by-hudsontan

if bigger sqf only rm400k only
http://www.propwall.my/classifieds/2557512...or-sale-by-yuki

Of cos she wanna make it look rosy and all say market price RM600k la blabla bla to make it sounds like she so pro. lol sweat  

Low cost flat won at 200k. 
Property market crashing?

Selected auction units from HSBC to grab when everyone probably still busy celebrating CNY. Once a year, this is the best period to BBB a unit at super cheap auction price.

Date: 22 Feb (Thursday)
Time: 3PM
1. 10-25, Menara U @Seksyen 13, Shah Alam
Chinese owner. Non bumi lot.
527sf, 10th floor, 2R1B

2. A-32-7, The Elements@Ampang
1432sqft Auction: 22/2/18 Freehold

3. Launching price 460k in 2013. Auction price today:
01-05-07, Verdi Residence@ Symphony Hills, Cyberjaya
700sf 1rooms 1baths, Freehold, BUMILOT

4. 2-26-09, M-City@ Jalan Ampang, KL
1653sf 3+1rooms 4baths High floor, Freehold.



5. B4-7-3 Mirage By the Lake, Cyberjaya
1009sqft Non bumi 2 carparks Freehold

Thanks.
Will do.
I hope I done my DD enough.

Title search - done. Unit is under master title as just VP last year.

Property check - done. It is empty condo unit (sine no grill installed).

Stalking - done. Curi curi see the mailbox. There is outstanding of cukai pintu around 1.6k. Tnb water bill not able to see. Went there few nights, no light at night to indicate it is occupied.

Engage agent - outstanding due to cukai, maintenance fee and above etc, total to 9.6k. Based on POS, some I will have bear. Some can claim.

Background check - done. No dispute with developer.

Cash - aside from 10% (reserve price 375k) bank draft, prepared another extra 40k for legal, outstanding. Still have 30k cash in FD as standby + 300k in share (share needs sometime to dispose if need to utilise)

Loan - dint check with bank but check my CTOS. No blacklist. Score almost full. Have 1 housing loan + car. Loan to gross income is around 20%. I think I should be eligle for loan without issue. Hmm. Intend to finance via loan.

Since first time, don't know what to expect. Btw, only plan to buy if I can get at reserve price or 1 or 2 bids above.

Anything I left out. Sifu please advise.

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.

why no good for investment? buy low and sell high. good yield if for rental income too
there r many good property /location there , many auction due to owners over leverage.

why no good for investment? buy low and sell high. good yield if for rental income too
there r many good property /location there , many auction due to owners over leverage.

Anyway to check what was the winning bid on a particular auction property?

In lelong,
Hot property wont be cheap.
Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there.

Example, lakepark residence. Rental market just RM1500.
Developer launching price last time 650k.
Lelong price can get at 400k. Will still bleed negative cash flow.
So is only good for own stay.

Another example, alam sanjung. Rental market just RM1200.
Developer launching price last time 400k.
Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay.

Maybe desperate n green ownstay buyers?

U guys should stop encouraging home buyers to get involved in auction.

Apa good for ownstay not good for investment statement.

Settle before the bid. Make it a win win.