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

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TSAskarPerang
post Apr 20 2019, 08:41 PM

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QUOTE(CtrlAltDelicious @ Apr 20 2019, 05:58 PM)
This will go down further?

1st auction - 1.3M - no bidder
2nd auction - 1.17M - no bidder
3rd auction - 1.053M - no bidder
4th auction - 948k - no bidder
5th auction - 853k - no bidder
6th auction - 767.7k - current reserve price

36, Jalan Mozart 1A, Symphony Hills, Persiaran Simfoni, Cyber 9
Reserve price 🔥🔥RM 767,700🔥🔥
Freehold
Land area: 1420sqft
Type A unit
Auction date: 25-Jan-2019 (Fri)
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This unit called off before the auction back in January. Guess owner managed to settle the outstanding amount with the bank.

TSAskarPerang
post Apr 22 2019, 02:30 PM

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QUOTE(naqib0307 @ Apr 22 2019, 02:23 PM)
Got any details for putra heights dsl 26x80? saw one ads when i was driving there going about 650k?
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Yes: https://www.lelongtips.com.my/property/5790...or-for-RM648000

High court auction meaning individual title out.
First auction price was at 820k.

user posted image
TSAskarPerang
post Apr 24 2019, 05:54 PM

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QUOTE(sj0217 @ Apr 20 2019, 02:36 PM)
Thanks for the thread !!
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QUOTE(gashout @ Apr 22 2019, 09:08 PM)
Askar Perang,

I have been seeing you around. Newbie here. Just want to say a great job to the work you do. Keep it up!
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Thanks for the support. notworthy.gif


QUOTE(Katrinah @ Apr 23 2019, 09:44 AM)
Hi askar, is there any auction condo unit in ara damansara? Thanks
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Currently only from Potpurri. But still very very high price. Not worth looking at yet.
There will be lelong unit from Maisson, Ara Damansara from time to time if you are interested.
Will update you if got.

QUOTE(w3sley @ Apr 24 2019, 01:33 AM)
Any listing in Melaka? Thank you!

A great masterpiece you have here. Cheers!
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Any budget?
High rise or landed?

Many new airbnb high rise enter lelong in Melaka around Kota Laksamana Jaya area. If you are interested.
TSAskarPerang
post Apr 27 2019, 03:41 PM

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QUOTE(nsinniah @ Apr 26 2019, 02:51 PM)
Dear Askar Perang,

Thank you for the information shared. I am looking properties for investment in Klang Valley.

kindly pm me your contact so that we can discuss further.

Thank you.
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Okay received whatapps from you. thumbsup.gif
TSAskarPerang
post Apr 28 2019, 07:46 PM

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QUOTE(Xaphier @ Apr 28 2019, 12:40 PM)
I have a question, I apologize in advance if the answer is obvious, but I am rather new to the scene.

Is it possible for bidders to intentionally not bidding if there is no other people bidding the property, thus lower the reserve price further? They then start bidding and fight once there is a bidder interested at the property. Can something like this happen? If not, why?

Thanks!
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Yes, can. Even if you are only (sole) registered bidder, you can choose not place any bid and wait for next round.

But plenty of example, when next round price is 10% cheaper, will attract many bidders.
End up price higher than the previous round (the price you choose not to bid even when you are the only bidder).
So end up defeat the purpose of not bidding, hoping to get cheaper price.


TSAskarPerang
post Apr 29 2019, 09:39 AM

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QUOTE(55665566 @ Apr 29 2019, 09:18 AM)
AskarPerang did you come across any property that have ex-owner with debts with loan sharks? How you usually settle them?

I heard cases like the loan sharks will come ask money from you.
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Plenty. Here example:

user posted image

user posted image

See whether you are willing to bear the risk.
Usually such units, confirm vacant. The owner already run far far away and price will drop very very cheap price coz not many willing to buy over such unit.

No experience yet buying over such unit.
Whether the along still come and kacau the new owner.
TSAskarPerang
post May 1 2019, 01:19 PM

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QUOTE(life27 @ May 1 2019, 07:25 AM)
which property area i should be focus in this year 2019 ??

looking as for my first home buyer  for investment purpose . possible to get a house come with fully furnish + balcony with affordable price mb around 350k and below ??

currently staying in cheras/kajang area which i feel comfortable , should i focus within my area only??
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Very very rare able to get full furnish unit. Can go for project that come full furnish from the developer such as Landmark Residence SOHO unit. But even if full furnish, there is no guarantee the owner will not come and take away all items.
As long as is vacant unit already a big bonus.

Yes, is better to go for the area that you are familiar with.
Around that area got few choices from 9ine Residence and Sutera Pines. Can get unit size around 1100 sqft at 350k in the lelong market.
Landmark Residence big size unit also available but dont think will drop to 350k.
All units here most probably still in brand new unit condition.

Other choices will be Silk Residence: https://forum.lowyat.net/index.php?showtopi...post&p=92372048
TSAskarPerang
post May 3 2019, 04:23 PM

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QUOTE(barca96 @ May 3 2019, 01:54 PM)
but for some reason there is also only a 5% drop from the previous auction price ;(
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Yes depending on which bank.
HSBC did that before. Maintain or price drop 5% only.
Maybank also recently depending on which units. Some 20% drop, some 15%, some 10% and some 5%.

Generally the usual will be 10% price drop next round.
TSAskarPerang
post May 4 2019, 12:29 PM

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QUOTE(barca96 @ May 4 2019, 08:33 AM)
I thought once you enter thus have given your10% deposit, it is non refundable... unless you lose the bid.

On the POS it says that we have to complete the purchase price within 90 days but what if the loan takes longer than that? It doesn’t say how much the penalty is.

Many thanks in advance
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Yeah. As the T&C in the POS of course is always written to the favour of the auction bank and also up to the decision of the auction bank.
Atas budi bicara pihak bank.

At best is to judge base on past cases / past experience with the auction bank. Then again, bank policy also changes from time to time.
Here an example of the T&C:

user posted image
TSAskarPerang
post May 7 2019, 03:10 PM

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Example of few developers not allowing direct transfer.
Take note that if you buy lelong unit from projects already issued title but the defaulter owner did not do perfection yet. Prepare to pay the extra cost involved to do double transfer.
Stamp duty and legal fees to settle the title to the ex owner first. Then pay another round of stamp duty and legal fees to transfer to your name.
If taking bank loan, is not possible to settle within 90/120 days also. Extension required and penalty will apply.

In bracket is few example of project already issued title by those developer.
1. MKH (Hillpark landed houses)
2. Glomac (Saujana landed houses)
3. OSK (Mirage KLCC -do recheck whether need double transfer coz is freehold & Mirage By The Lake- yes, cyberjaya is limited freehold)
4. Tropicana (Tropicana Avenue)
5. F3 Capital (Selayang 18 & Univ 360)
Etc.
TSAskarPerang
post May 18 2019, 03:39 PM

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QUOTE(tyaraleia @ May 17 2019, 12:04 PM)
Any new unit available for lelong? Klang Valley
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Actually plenty in the market today.
Which area you prefer? And budget?

Here a few example:
Cyberjaya (all brand new unit):
Lakefront Residence: https://forum.lowyat.net/index.php?showtopi...post&p=92647776
Tamarind Suites: https://forum.lowyat.net/index.php?showtopi...post&p=92647876
Third Avenue: https://forum.lowyat.net/index.php?showtopi...post&p=92717563
Setia Eco Glades: https://forum.lowyat.net/index.php?showtopi...post&p=92716704
TSAskarPerang
post May 30 2019, 06:31 PM

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QUOTE(GrIM @ May 30 2019, 03:24 PM)
Hi all,

I am just curious. Say I wont an auction for a landed property via court auction (title issued) and I put my name as the successful bidder. Can I subsequently request to include my wife's name in the property within the 90/120 days?
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Nope. Only 1 name allowed for high court/land office (title issued) property.
But subsequent loan can join name depending on which bank and the policy.
TSAskarPerang
post Jun 3 2019, 02:01 PM

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QUOTE(tyaraleia @ May 17 2019, 12:04 PM)
Any new unit available for lelong? Klang Valley
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QUOTE(Xaphier @ May 26 2019, 11:48 AM)
Thanks for the informative thread, definitely worth pinning to the top. Do keep the 1st page updated with new listing and auction results.
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QUOTE(dinox @ Jun 3 2019, 11:16 AM)
what's the latest auction listing?
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Do check the first post! It is updated with the latest recommended lelong units around Klang Valley.
Thank you. notworthy.gif

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... «
TSAskarPerang
post Jun 3 2019, 02:17 PM

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QUOTE(LimauKering @ Jun 3 2019, 02:13 PM)
wow this 2 unit very tempting. any reason why the Jalan PJU 10/17 dropping so much? location?

The cheras damai one is quite tempting, i think price point just right for investment for that area.
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Yeah Sutera Damansara bearing PJ address but actually located deep inside Damansara Damai (low cost area).

TSAskarPerang
post Jun 19 2019, 12:58 PM

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QUOTE(theeastdevil @ Jun 19 2019, 12:24 PM)
wondering why this unit hard to sell?

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

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Well, will be interesting if not sold yet yesterday.
Vacant house. But got red "X" mark at the gate probably owe money with along.
But the local set up security personnel around will help out. Dont see that along problem is a big issue.

And got potential too. Walkable to future MRT2 station. Currently only got KTM.
Maybe due to leasehold? No idea.

This post has been edited by AskarPerang: Jun 19 2019, 12:59 PM
TSAskarPerang
post Jun 24 2019, 01:49 PM

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QUOTE(alandhw @ Jun 24 2019, 01:47 PM)
The bumi lot auction unit is open for public or limited to bumi only?
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Only for bumi buyer.
No matter how many rounds re-auction without any taker, the unit will still remain exclusive for bumi buyer only.
TSAskarPerang
post Jun 24 2019, 11:10 PM

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QUOTE(WahBiang @ Jun 24 2019, 11:00 PM)
sold???
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Unfortunately no info. Coz conducted in high court. Close door. Non public, only registered bidder can enter. Unless got ppl attended the auction then will know the results.

Need wait 3 months (in Sep) to see whether the unit reappear or not. If not mean = sold.
TSAskarPerang
post Jun 25 2019, 12:45 PM

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QUOTE(WahBiang @ Jun 25 2019, 12:15 AM)
Those auction to high court against those not going thru court, any difference???
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High court or at land office mean the unit already got individual/strata title. Perfection done by the owner. Many season investors actually prefer such unit. Very straight forward process.

If still master title or title issue but perfection not done. Then will fall under public auction. Developer will play a major part on how quick the transfer process can be done.
TSAskarPerang
post Jun 26 2019, 05:26 PM

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QUOTE(lowya @ Jun 26 2019, 09:45 AM)
can bumi buy non-bumi lots?
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Yes.
TSAskarPerang
post Jun 30 2019, 10:40 PM

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QUOTE(jason_chee @ Jun 30 2019, 12:12 AM)
I wanted to bid for Saffron (3rd time auction - schedule on Jul-2019) for reserved price of RM 486K. Unfortunately, the bank revised the auction price to 600K again. In my opinion, it's a bit phishy and not transparent.
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Yes agree and is a waste of time to wait for price drop round after round.
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