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 Buying LELONG property, Advice needed

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Porkycorgi5588
post Jul 17 2025, 09:33 AM

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QUOTE(gedebe @ Jul 2 2025, 11:21 AM)
wau, this like buying a subsale but yet it is a lelong!
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subsale at least can go nego and walk in, look around, ask for freebies and drag payment and SPA etc.

lelong, got fix 90 days to get loan apporval etc and sign SPA iirc.
IMO, if lelong 10% or 20% less down market and you like, can consider.
But most of the time, the sohai bank's "10% below market" is the market value.....considering how property market has slumped over the years.
just wait and if bid price hit market value, might as well not take the bait unless you die die want that house
Porkycorgi5588
post Jul 17 2025, 09:50 PM

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QUOTE(mini orchard @ Jul 17 2025, 05:50 PM)
If starting bid price tak ngam, then wait for next round, if still available.

But many a time, the second or third round auction price will reach first round price. Many sohai bidders start late hopping to catch the worm but end up eaten by python (bank) 😂
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next round is next year...the next year...then next year biggrin.gif

by that time, you might as well commit to renting forever or buy other house already laugh.gif
Porkycorgi5588
post Jul 17 2025, 09:51 PM

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QUOTE(corallinkz @ Jul 17 2025, 01:20 PM)
anyone can recommend a very good lawyer for lelong and also banker?

my lawyer mmg cap ayam.
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kacau your local property agent.
they sure got lots of kangtao
Porkycorgi5588
post Jul 18 2025, 09:06 AM

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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.
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no such thing la..... laugh.gif

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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