Even if you won the auction bid, you would still have to pay for legal, stamp duty etc. I see some properties are with the reserved price even higher than the open resale market. And when buy from resale, agent would at least help follow up. Whats actually make the people so enthu in auction properties....

There is 1 landed unit in desa park city. I cant recall who shared here before.. but detail should be no.13 nadia parkhome with reserved price of rm1.8m.

Subsale if u are good bargainer then maybe can get slightly lower than 1.8m for similar type of house

Edit: managed to copy and paste some info for reference from one of the reknowned website.

Nadia Parkhomes lelong unit check in.
2 storey terrance house. Intermediate unit.
1st lelong price = bank valuation = 1.8M.

13, Nadia Parkhomes, No. 10, Persiaran Residen, Desa Parkcity
Reserve price 🔥🔥RM 1,800,000🔥🔥
Freehold
Land area: 1378 sqft
Auction: 18-Jan-2019 (Fri)

This post has been edited by z21j: Jan 27 2019, 05:11 PM

Lets say if previous owner owed property tax, gated and guarded maintenance fees etc... who is responsible for the outstanding balance?

The previous owner, the mortgagor or the winner of auction prop?

I heard various versions just to check out from sifus here.

Thanks askarperang. Lesson learnt.

To look for proclamation of sales first. Otherwise may end up with surprise.

Recently see a lot interestimg properties rp quite decent so start to do a bit homework.

U wouldnt know whether it is way below, below or just match mv unless u factored all these.

You all have been saying "emotional bidding". Sometime it is just purely buyer missed out the previous auction. So, the coming auction is set to have "must win" kind of mentality.

For my case, it is always when the reserved price hit to an acceptable level then only i realised there was already previous auction which no taker.

This post has been edited by z21j: Feb 16 2019, 07:13 PM

Windfall tax on the applicants?

Why say so?

Is 28 Boulevard a good catch? It is in my watchlist.