NEW can be 1 or 2 years from completion date.
but now the current trend is getting totally BRAND NEW as per developer condition unit. owner did nothing at all yet to the unit.
and the best thing is price fall below 3-4 years ago launching price.

This statement applicable to all lelong units. Yes, need to change the locks and do new access card.
Even if you buy via subsale, to be safe also people will change the door and grill lock as well.

If already got a digital lock install at the door, the unit is most likely doing airbnb/homestay kinda stuff.
But dont put high hope on this. The possibility is there.


Nope. No such thing. All banks take in auction cases. Is just the same like buying subsale property.
You must have dealt with unreliable/lazy bankers who provide wrong info.

So far Citibank the only bank will give cheque straight to successful winner to pay off those outstanding fees to management office and local authority.
All other banks practice winner need to pay first then only claim back from the auction bank. Lawyer will do it for you as long as you keep all the payment receipt.

Info can be found inside the POS. Whether is still master title or strata / individual title already issued. Remaining years of the leasehold also will be stated inside the POS.
Can do a title search at the land office to be more confirm.

Suajana Damansara apartment? At Damansara Damai? I think this is by MK Land.
A google search on "Maxisegar" show up link with the famous Talam developer.

Example auctioneers official website:
https://www.ngchanmau.com/
http://auctions.com.my/
https://leongauctioneer.com/
http://www.ehsanauctioneers.com/
http://www.jtraj.com/
http://www.rajanauctioneers.com/
https://arenaauctioneers.com/

But best is just search at: https://www.lelongtips.com.my/

Yes compress loan / multiple submission.

Here few example:
1. Cristal Serin, few owners doing buying in bulk: https://forum.lowyat.net/index.php?showtopi...post&p=92475531

2. Seasons Garden + 1 unit at Puncak 7 Shah Alam: https://forum.lowyat.net/index.php?showtopi...post&p=93693864

Latest reserve price actually drop to 504k now. Possible to drop further 10% each round if nobody interested.



This post has been edited by AskarPerang: Aug 29 2019, 12:48 AM

Source: https://www.thestar.com.my/metro/metro-news...l-ibs-treatment

Launch at 42k rumah selangorku sold in the lelong market today.
Ground floor unit.
Non bumi lot.
Brand new condition.

Attracted 32 bidders just now.
Here the final price:

Even if the unit is fully furnish also, there is always a possibility the owner will clear out everything once he found out that already got buyer successfully bought over the unit.
The owner is still the legal owner until you have settled all the name transfer process. Yes once DOA is completed. Check with your appointed lawyer.

You got the wrong understanding. Is not win the bid today = automatic today onwards you are the rightful owner. Even if you pay 100% to buy (no take any loan), will still need time for some legal process to claer.

The owner is still the legal owner until you have settled all the name transfer process. Items or furniture in the unit legally still considered his and he got the right to move everything out until you settle the name transfer process in 90/120 days time.

Normally those movable stuff such as fridge, washing machine, etc can be easily removed and transport out.
And valuable item such as aircon units, yes he able to sell to get some money too.
But those built in stuff such as kitchen cabinet, built in wardrobe or grill, very seldom owner will take out. Unless he purposely want to destroy the unit, then yeah this case considered as unlucky.
Lights and fans also very rare the owner will remove.

Anyone interested to watch conduct of property auction can view this live now. Via online bidding only. Start at 11AM.
Got around 50 units under lelong by Ambank.

Possible. All depending on how knowledgeable the management is.

Some places didnt even check. As long as you pay up the outstanding maintenance fees, they allow the new owner to do new access card, therefore the new owner can actually break into the unit if is vacant.
Some places required DOA to complete.

So it depends case by case basis.

Legally if they insist, they are correct. So nothing you can do actually.