Individual / Strata title issued = possible got caveat on the property (title). To be safe, need to check.

Property still under master title = not possible to put caveat.
As the title still under developer name.

Nope. and very rarely got from here.
From Kuchai Lama usually is: Arte, Kuchai Avenue, Spring Avenue.

This caveat by the bank is normal. No problem. All bank will place caveat on the property.

Not coz of additional procedure.
Is because no extension allowed for high court auction. 120 days is ample time to complete the process since title already issued and got no caveat by other party.

Unlikely got any buyer will grab at first round. Especially in Melaka.
Wait few months time will re-auction again at 10% cheaper.

Yes example:


36-01, Residensi Gembira 737 @ Kuchai Lama (this is rumahwip launch at 300k)
Reserve price 🔥🔥RM300,000🔥🔥
Freehold
850 sqft, 1 car park
Auction: 24-May-2021 (Mon)






D-16-16, Selangorku Pr1ma, Lakefront Homes @ Cyberjaya (launch at 280k, now lelong at cheaper price)
Reserve price 🔥🔥RM 220,000🔥🔥
Freehold
850 sqft (Type A6), 1 car park
Auction: 25-May-2021 (Tue)



This post has been edited by AskarPerang: May 20 2021, 06:32 PM

VR2-03A-13, V Residence 2
Reserve price 🔥🔥RM 990,000🔥🔥
Leasehold
1211 sqft (with private terrace)
Auction Date : 09-Jun-2021 (Wed)
*Non bumi lot
*Unit located at facility level

So far got only 1 sold auction unit from Sejati Cyberjaya as per pics. Drop from 2.6M. Sold at 1.96M.
No other units available.

High court re-auction is normally slow. Average 6 months for the unit to be auctioned back next round.
For this particular unit:
First round was in Sep 2020
2nd round was in Apr 2021
3rd round will be somewhere Oct to Dec 2021

There's a unit from Pearl Point Condo.
But maybe still can wait next round.
1076 sqft size at 385K.

Yes.

Camellia Serviced Suites. Unit number 16-18.
Link: https://www.lelongtips.com.my/property/6611...ur-for-RM490000

Rest is offices and business suite. Many from Bangsar Trade Center.

Bank value. Yes will drop in price.
Is an old development.

Got many units from Epic Residence, JB.
Various sizes at cheap prices.
If you are interested.

Yes plenty from Meridin Bayvue (Pangsapuri Sierra Meridin) and also Meridian Medini.
Size and price?

Lelong record. 980sqft unit can get at below 300K.

Not only double cost but double the required time too.

Apart from that, is:
- Developer already bankrupt / no longer active.
- Caveat on the property.

Hi,

As posted here: https://forum.lowyat.net/index.php?showtopi...ost&p=102688894
For your info, that unit sold during that day at reserve price 405K. Single bidder won unchallenged.
Actually plenty of lelong units from Lakefront Residence and Lakefront Selangorku.

Currently got 2 more units in the market:
1. T4-16-01, 1292sqft (dual key)
2. T4-20-11, 1292sqft (dual key)

Price still high. Will let you know when price drop to below 450K.

1. 10% deposit to enter bidding. (few bank required only 5% nowadays).

2. If win, then need to standby to appoint lawyer and take bank loan to cover the remaining purchase price.


Same like subsale, legal fees and stamp duty (if you take 90% loan) is approx 5% of the purchase price.
Some portion of loan legal fees and stamp duty can be financed into the bank loan. So no need to have full 5% cash in hand.

Then there will to pay outstanding maintenance fees and cukai taksiran. Mostly bank will cover but is you pay first then only claim back from the auction bank.
So far base on experience, only auction under Citibank will issue you cheque to pay the outstanding, so you dont have to pay first.

Currently no lelong unit from Mutiara Heights area.
But can wait. I believe will definitely have lelong unit from Oasis 1/2 or Ameera coming in few months time.

Is free of charge for majority of the auction bank. Such as CIMB, OCBC, UOB, RHB, Maybank, Hong Leong, HSBC, etc.
Commission is paid by the auction bank.