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Others Recommended listing of property auction / lelong!, all info you need to know inside......

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TSAskarPerang
post Dec 22 2018, 12:09 PM, updated 4y ago

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Guess is high time to start a thread specifically in promoting auction / bank lelong units.
Specific area: KL / Selangor (Klang Valley) property. But will also cover other states as well if got request.

We can be contacted via PM or at: 011-58287725.
Or you can just drop us a whatapps: http://www.wasap.my/+601158287725
(strictly no agent please. only direct genuine interested buyer only please. thank you! notworthy.gif )

First post will always be updated with recommended listings so do check back here often.
Good entry price will be at 3rd re-auction and above. First auction price = bank valuation. Every round no bidder, the price will drop 10% cheaper.

FOR BUMI LOT (RAYA SPECIAL) AUCTION LIST AND LANDED PROPERTY, PLEASE REFER 2ND POST!!! THANK YOU.

Refer 3rd post onwards for lelong guides, tips, more info, etc.
Cheers.

New + Near to existing LRT/MRT station:

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Newly completed property (brand new condition):

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30% below market / launching price (buy & flip......at your own risk?!) :

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Property with potential (incoming booster to the area):

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Airbnb / Homestay / Studio / 1 bedroom / pigeon hole unit:

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Low cost / medium cost property (for rental game, cash flow):

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RUMAHWIP / Rumah Selangorku / PR1MA / PPA1M lelong:

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Actually too many to list down all, or you can just state your criteria such as which area? budget? etc.
I will try to recommend.

Thanks! notworthy.gif


This post has been edited by AskarPerang: Jun 4 2019, 03:35 AM
TSAskarPerang
post Dec 22 2018, 12:10 PM

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Landed property (all high court auction):

» Click to show Spoiler - click again to hide... «



Bumi lot special (hari raya 2019 edition!!!):

» Click to show Spoiler - click again to hide... «


This post has been edited by AskarPerang: Jun 4 2019, 01:05 PM
TSAskarPerang
post Dec 22 2018, 12:10 PM

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First and foremost, just to clarify some misconception from many people:
1. AUCTION PROPERTY NEED BUY WITH 100% CASH.
Nope. You only need 10% as deposit, remaining can use bank loan same like subsale property.

2. ALL OUTSTANDING NOT COVER BY BANK.
Refer the POS. Majority banks covered the outstanding (maintenance fees, cukai taksiran, etc). But NO BANK will cover the utility (TNB, water & indah water). For TNB can actually change name without settling the outstanding amount.

3. MUST SETTLE WITHIN 90/120 DAYS. IF NOT FORFEIT THE 10% DEPOSIT.
Extension is allowable with valid reason. (certainly not because of pending loan / late loan approval / due to own personal reason, those all excuses that will not help).


Important thing to note when buying from lelong / bank auction:

1. 10% banker cheque to qualify to enter bidding. If unsuccessful, can take back the cheque.

2. Balance 90% can be cash or take bank loan or cash+loan.

3. Credit profile must be strong if plan to take bank loan. Cannot use gov loan (only can use for LPPSA auction property). Cannot mark up loan. CCRIS record must be clean with all zero.

4. Standby another 5% as legal fees, stamp duty and valuation fees. All this money is just the same like if you are buying from subsale unit. You need to pay the same amount of money.

--------------------
There's no one source to search for lelong property. Different banks. Different auctioneers. But a good place with free limited info to search is at:
https://www.lelongtips.com.my/
http://www.auctionlist.com.my/auction/index.php

--------------------
List of 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/
---------------------

No commission charge to client. Will claim from the auction bank if you are the winner.
(but for smaller bank, mostly no commission given out, so will have to discuss nego a reasonable rate)

Our services include: Pre, During and Post auction.

Pre auction:
1. Understanding the risk in buying from lelong.
2. Site survey the property. Lelong unit can only be view from outside.
3. Verify is a vacant or occupy unit. Checking the outstanding maintenance fees and other bills (if available).
4. Documents of your financial profile / credit score to apply bank loan.

During auction:
1. Able to represent you to bid if you are not able to attend.
(but with online bidding, you are actually able to bid online nowadays)

Post auction:
Ensuring smooth name transfer of the unit within the time frame. Engaging with banker / lawyer. Until successfully break into the unit including negotiating / evicting the occupant (for occupy unit).

This post has been edited by AskarPerang: Feb 25 2019, 12:35 PM
potenza10
post Dec 22 2018, 01:08 PM

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Nice thread bro. Always read your update at specific thread at property section.
MelodyL
post Dec 22 2018, 07:13 PM

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Nice one! Pulling sofa to follow for more updates. Thanks for the great thread!
TSAskarPerang
post Dec 22 2018, 11:29 PM

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Added!!!

30% below market / launching price (buy & flip......at your own risk?!) :

» Click to show Spoiler - click again to hide... «
syarehey
post Dec 23 2018, 02:23 PM

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Question:
Had a discussion with a lelong agent and he said sometimes Ah Long also put caveat to the property. So it’s vital to check the title.

Have u came across with similar situation? Can Ah Long put caveat to somebody’s property? πŸ€”
TSAskarPerang
post Dec 23 2018, 02:30 PM

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QUOTE(syarehey @ Dec 23 2018, 02:23 PM)
Question:
Had a discussion with a lelong agent and he said sometimes Ah Long also put caveat to the property. So it’s vital to check the title.

Have u came across with similar situation? Can Ah Long put caveat to somebody’s property? πŸ€”
*
Yes applicable for already got strata/individual title unit. Not neccessarily ah long but any person with interest can place a caveat on such unit.

Therefore, for already issued strata/individual title unit, you must conduct title search at the land office to make sure the unit is clean from any of such stuff. These already got strata/individual title unit auction will be conducted at high court / land office. Not those auction by the private auctioneer.
t3n
post Dec 25 2018, 01:37 AM

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BryanChang
post Dec 26 2018, 11:28 AM

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zenwell
post Dec 26 2018, 11:49 AM

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follow. thanks for creating this.
mytaffeta
post Dec 26 2018, 05:31 PM

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wild_card_my
post Dec 28 2018, 09:44 AM

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Nice.
dkcheong1127
post Dec 28 2018, 09:47 AM

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support support, thanks for sorting out worth buying auction unit
terradrgn
post Dec 28 2018, 09:04 PM

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parking. keep up the great work!
ahsoh
post Dec 30 2018, 10:38 AM

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reychow
post Dec 30 2018, 03:37 PM

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CP88
post Dec 31 2018, 12:08 AM

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kidmad
post Dec 31 2018, 11:23 AM

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Thanks bro! section is super useful!
eikhwan4
post Dec 31 2018, 05:32 PM

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