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Buying LELONG property, Advice needed
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AbbyCom
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 Jul 18 2025, 12:39 AM
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QUOTE(Porkycorgi5588 @ Jul 17 2025, 09:50 PM) next round is next year...the next year...then next year  by that time, you might as well commit to renting forever or buy other house already  Banks also want to dispose of these properties quickly, don't think will wait 1 year for next round of auctions. The last condo I tried to bid got auctioned 3-4 times in a year, the price dropping around 10% for successive auctions. |
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BL98
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Jul 18 2025, 01:26 AM
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QUOTE(WebDpot @ Jun 4 2018, 06:07 PM) Pros - you buy at below market price, that's all Cons - you don't know the house condition, damages - owner might won't move out - owner might holding a grudge against you (happened to me)please share the story |
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BL98
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Jul 18 2025, 01:28 AM
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QUOTE(St0rmFury @ Jun 4 2018, 02:44 PM) wow. kena say "hati busuk". kindness does not pay. 1 year don't pay rent. apa salah don't pay rent. ini hak saya. got money buy alphard, don't have money pay rent. the self entitlement is amazing. |
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BL98
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Jul 18 2025, 01:31 AM
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best case is buy lelong house which is still brand new, no owed maintenance fees, got brand new partially furnished, below market value 50%, and no other bidders bid and make the price high, in good location, got MRT nearby, near KLCC, unblocked view, high floor, freehold.
that is the best.
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mini orchard
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Jul 18 2025, 07:56 AM
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QUOTE(AbbyCom @ Jul 18 2025, 12:39 AM) Banks also want to dispose of these properties quickly, don't think will wait 1 year for next round of auctions. The last condo I tried to bid got auctioned 3-4 times in a year, the price dropping around 10% for successive auctions. He is talking in his sleep. 🤣 This post has been edited by mini orchard: Jul 18 2025, 07:58 AM |
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Porkycorgi5588
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Jul 18 2025, 09:06 AM
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Getting Started
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QUOTE(BL98 @ Jul 18 2025, 01:31 AM) best case is buy lelong house which is still brand new, no owed maintenance fees, got brand new partially furnished, below market value 50%, and no other bidders bid and make the price high, in good location, got MRT nearby, near KLCC, unblocked view, high floor, freehold. that is the best. no such thing la..... best case scenario is Cyberjaya Condos, but those mostly got maintenance fees stacked high up. but if drop until 50% below market value also, it means that is the market value. no body wanna touch at "actual market value" |
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