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 Auction properties

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leodinouknow
post Feb 10 2018, 03:11 PM

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Is it worth buy those over value property which been auction? Selling 300k but auction 150k like that. Feel got a lot trap since new unit less than 10years
leodinouknow
post Feb 10 2018, 03:36 PM

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QUOTE(AskarPerang @ Feb 10 2018, 04:23 PM)
Got example a 300k property price drop until 150k in the auction market? I dont think got any.

Normally 30% off market price will have taker already. Unless really no hope property then that's another story.
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I saw it in kampar perak area. The area over supply more than demand.... mean is no hope area? Nearby ktar & utar and new few college area.
leodinouknow
post Feb 10 2018, 10:22 PM

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Im always check pricing on mudah & property guru, cause i got two property at there. Hmmm i try find back if the link still have.

What i know is the pricing lelong is attractive, but as i see the area, a lot empty unit for rent/sale.... only few unit occupy it even front row, middle & behind row i think no need to say anymore rite? Something like ghost town, maybe need 5-10years more for the area if you ask me.

My question is worth to buy it now to hold? Just for potential grow, cause i believe hard to rent out over supply

This post has been edited by leodinouknow: Feb 10 2018, 10:25 PM
leodinouknow
post Feb 10 2018, 10:36 PM

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QUOTE(AskarPerang @ Feb 10 2018, 11:34 PM)
Which area?
Your statement is too general. Need to specify at which location?
Is it Rawang? Semenyih? Puncak Alam?
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Kampar, perak area
leodinouknow
post Feb 11 2018, 12:41 AM

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QUOTE(kamilnu @ Feb 11 2018, 01:24 AM)
Yes3......flippers being slaughered as we speak. Yeahh baby!

I aasume the johor auctions that are hot is the Palazzio studios in Austin Perdana there and condos in Bukit Indah.
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Yeah a lot of my friend which work at singapore and purchase condo as investment all burn hand. Empty for 1years plus no tenant since all unit for all block is for rent
leodinouknow
post Feb 11 2018, 12:57 AM

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QUOTE(kamilnu @ Feb 11 2018, 01:47 AM)
I singled out Palazzio bcos i visited the site and made a study of the development in 2013. I saw there were 4 blocks with high density studios. Next to the site there was another developer doing the same thing. After visiting the show room and the site i immediately run away.
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I will say dont touch jb property. A lot people burn hand. Except you got extra cash to buy and hold. Hard to rent out even advertise at lower than monthly installment loan
leodinouknow
post Feb 11 2018, 01:13 AM

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QUOTE(kamilnu @ Feb 11 2018, 02:04 AM)
Well....in the end i still bought one in 2013. A new double storey link house in Tmn Bukit Dahlia, Pasir Gudang. Developer was Johor Land. Rented for 15 months now with rental above bank installment + maintenance. Company account tenant some more. Huhuhu.
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Well is good on your side getting inside the ship bro.

But i heard the rental wont be high forever? Currently cause got lot contract worker foreigner, and they come in 2years to 5years time only. Once contract finish, company wont rent it with such pricing anymore. Anyway is good enough you able get in that wave of profit congrats
leodinouknow
post Sep 25 2018, 11:03 PM

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QUOTE(gld998 @ Sep 25 2018, 05:36 PM)
Good price.. as usual, I am late to the party.. sad.gif
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dont worry, party havent end yet. you can still join it
leodinouknow
post Oct 2 2018, 01:48 AM

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QUOTE(AskarPerang @ Oct 2 2018, 12:42 AM)
Few crazy bidding video.
Morale of the story: Be smart next time. Enter when the price is not too low.
Possible buyer market is back also?








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kudo to the guy... bid over 200k extra. rich sia

leodinouknow
post Oct 3 2018, 10:18 AM

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QUOTE(tikusniaga @ Oct 3 2018, 06:53 AM)
Negotiated among all bidders.

Paid by sole bidder, who pay the other bidders not to bid.
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can i just register as bidder without bid, then receive tour comision? xD
leodinouknow
post Oct 3 2018, 11:04 AM

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QUOTE(New Klang @ Oct 3 2018, 11:45 AM)
Yes, many are this type who keep low profile
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one time collect 1k-2k also worth the time... where got such job pay out 1day 1k
leodinouknow
post Oct 4 2018, 09:30 PM

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anyone know what is blanket consent letter?
leodinouknow
post Oct 5 2018, 10:00 AM

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QUOTE(AskarPerang @ Oct 5 2018, 01:19 AM)
Any props bought before 2010 become gold today.
But majority props bought 5 years ago in 2013 got zero appreciation or even depreciatuon. You will need another property peak price era in order to get above ASB return of 7% p.a. But the golden question is when will be the next property bull run? 10 years from now? 20 years? 30 or more years?
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the first chance to invest property is 20years ago. second chance is today
leodinouknow
post Oct 6 2018, 12:05 PM

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QUOTE(gld998 @ Oct 5 2018, 02:25 PM)
Yup, dead chicken comes in many forms. By hooting higher end property, above 1million, removes the % speculators.
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i wonder why dead chicken also so expensive cost 1m above? why not eat fresh chicken
leodinouknow
post Oct 6 2018, 03:45 PM

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QUOTE(gld998 @ Oct 6 2018, 04:41 PM)
U want 500k profits or 10k profit? Fresh is new launch and very rare for profits as they are future priced. My frenz, is developer himself, and admits profit is 300% for each house sold minimum. Some ppl delusional to think developer profit is 10% or 20% only. Our profits are lesser then small ikan bilis compared to them.
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just joke around. im eating dead chicken type also, no taste and not looking good, but it help me gain a bit of additional income
leodinouknow
post Oct 6 2018, 05:52 PM

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QUOTE(lowyatwong @ Oct 6 2018, 06:30 PM)
may i know how credible yr friends claim?300%?
mind to elaborate further,that would be eye opening
thanks
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you can see 600k property at launch, now auction til 300k nobody take... 200-250k only got buyer grab it
leodinouknow
post Oct 24 2018, 05:02 PM

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QUOTE(AskarPerang @ Oct 24 2018, 05:50 PM)
Yup this situation happen just now. Special case.
Later I share.
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you the one inside?
leodinouknow
post Nov 1 2018, 11:35 AM

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QUOTE(submergedx @ Oct 31 2018, 06:04 PM)
If the rental so good, no reason people will lelong the unit de wor
This is like TOTO, good thing happen once in a while
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thats why TOTO is a must buy even in small amount. who know you is the next millionaire? devil.gif
leodinouknow
post Nov 2 2018, 10:59 AM

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QUOTE(icemanfx @ Nov 2 2018, 04:13 AM)
If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc.
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how about those unsucessful business? a lot shop closing and some run with customer deposit too.
leodinouknow
post Nov 2 2018, 12:20 PM

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[quote=icemanfx,Nov 2 2018, 01:15 PM]
90% of new business close in first 3 years. Why invest in new business not established business?

invest? why not own startup a company?

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