Auction properties
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 Aug 13 2018, 12:00 AM
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#1
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Senior Member
1,946 posts Joined: Aug 2009  
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i think msia have too many speculators due to sudden increase in house price in recent years. guess the market will become normal again once the market has "digested" this "extra" units. i think now is the best time to buy distressed properties
https://kopiandproperty.com/2018/08/11/auct...g-bad-property/ |
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Sep 9 2018, 11:05 AM
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#2
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Senior Member
1,946 posts Joined: Aug 2009
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question: will rumahwip end up to auction within the 10 years holding if no pay bank instalment? if yes, anyone can buy? if no, mean owners no need to pay promptly and bank wont lelong?
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Sep 9 2018, 12:31 PM
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#3
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(tikusniaga @ Sep 9 2018, 11:30 AM) Bumi Lot can lelong, so is rumahwip. bumi easier to identify/qualify and sales is straight forwardOnly bidders must qualify. Sure cheap, lack of bidders.  rumahwip - need application, approval from urussetaia, angkah sumpah from mahkamah , sure longer process , loan may not disburse during the 90days period and incur high bank interest what if not approval, what is the penalty ? 10% gone? if easy to approve , sure many go for auction since take shorter time than the normal process (ballot, applications etc). many qualified bidders will go auction and price sure go higher |
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Sep 10 2018, 05:16 PM
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#4
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Senior Member
1,946 posts Joined: Aug 2009
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then sure many will go bid if any rumahwip go for auction. but i think rumahwip only good in rental yield but not capital appreciation vs normal condo. normal condo (not the one next to rumahwip) is more liquid , better quailty, better managed, better residents profile, more up side .
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Sep 10 2018, 10:46 PM
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#5
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(AskarPerang @ Sep 10 2018, 10:24 PM) Will be same like low cost properties. Investors willing to bid above market price coz that is the only method they can own those props. base on my long experience , a condo with 10k monthly rental is better maintain than 5k, 5k is better than 2k, 2k is better than 1k, 1k is better than 0.5k. (due to resident/ tenant profile/attitude, building/fixtures quality eg lifts, tiles, pipes etc Anyway I beg to differ regarding rumahwip will be lesser quality compare to normal condo. Rumahwip majority own stay. When a place majority owner own stay VS normal condo majority investors rent out not staying around, the place with majority owner own stay will be better managed. And as a whole, the place will improve. Compare to a place where majority tenants staying. Sure they couldn't be bother about the place. i can give u example if want note; many high end condo is more than 80% rented out, while PPR is more than 80% own stay so majority rented out doesn't mean no good maintain, own stay doesn't mean good maintain |
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Sep 11 2018, 10:47 AM
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#6
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(junbow @ Sep 11 2018, 09:37 AM) for own stay purpose, there are some good deals in the auction.. why no good for investment? buy low and sell high. good yield if for rental income toobut for investment..maybe not so.. there r many good property /location there , many auction due to owners over leverage. |
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Oct 25 2018, 12:25 PM
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#7
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(AskarPerang @ Oct 24 2018, 08:58 PM) 2 bidders register for this lelong unit. both also refuse to bid. after 10 mins, auction called off and declared as no bidder. But you have to take the risk. Jurisdiction totally down on the auctioneer and lawyer on site. So are you willing to risk the 10% cheque and try your luck register to bid but not bidding? go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. |
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Apr 26 2019, 10:56 AM
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#8
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Senior Member
1,946 posts Joined: Aug 2009
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seems market still have lot of buyers but they prefer auction and not subsales ? how is the sub sales activities? still 70-80% from total transactions? or dropped??
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Apr 26 2019, 12:33 PM
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#9
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Senior Member
1,946 posts Joined: Aug 2009
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yeah sell via agent may take long time since they always asking for impossible lower price to pleased the buyers. (or want to close sales faster)
auction may be higher than agent asking price .. |
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May 3 2019, 10:02 AM
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#10
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(icemanfx @ May 3 2019, 08:55 AM) Many failed to realize loan interest incurred is cost, and leverage amplify profits as well as losses. rental can cover the loan interests if you buy in the right location. as for my case all my rental (full furnished) can covered bank instalments , just need to invest time n money to furnish it, as the return are attractive. |
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May 3 2019, 10:44 AM
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#11
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(icemanfx @ May 3 2019, 10:28 AM) How much down payment (non loan) you put down? 20%, as most developers giv 10% rebate. and i spent less than 20k to furnish a 3 rooms unit. |
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