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

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TSAskarPerang
post Oct 4 2021, 05:48 PM

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QUOTE(ry8128 @ Oct 4 2021, 01:20 PM)
Is this considered as market price? Or there is chance for it to go lower?

Any idea what is the market price per sqft in that area?
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Bank value. Yes will drop in price.
Is an old development.
knwong
post Oct 13 2021, 09:14 AM

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Any good lelong units in Iskandar Puteri or Johor Bahru?
TSAskarPerang
post Oct 13 2021, 01:21 PM

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QUOTE(knwong @ Oct 13 2021, 09:14 AM)
Any good lelong units in Iskandar Puteri or Johor Bahru?
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Got many units from Epic Residence, JB.
Various sizes at cheap prices.
If you are interested.
Duckies
post Oct 13 2021, 04:45 PM

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What do you guys think about Bandar Sri Damansara SD10? Worth to get about 900k-1m?
spacelion
post Oct 14 2021, 12:45 AM

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QUOTE(Duckies @ Oct 13 2021, 04:45 PM)
What do you guys think about Bandar Sri Damansara SD10? Worth to get about 900k-1m?
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I actually know someone selling their SD10 house due to migration. I reckon it's a nice place, not too congested, and you have more than one access road from your house to the central loop. The roads are a bit narrow so you can't parallel park too many cars . Nice safe neighborhood with access to the Central Spine for jogging.
Aghi
post Nov 2 2021, 05:23 PM

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QUOTE(AskarPerang @ Oct 13 2021, 01:21 PM)
Got many units from Epic Residence, JB.
Various sizes at cheap prices.
If you are interested.
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im looking at meridin bayview and senibong
TSAskarPerang
post Nov 2 2021, 08:23 PM

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QUOTE(Aghi @ Nov 2 2021, 05:23 PM)
im looking at meridin bayview and senibong
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Yes plenty from Meridin Bayvue (Pangsapuri Sierra Meridin) and also Meridian Medini.
Size and price?

Lelong record. 980sqft unit can get at below 300K.
ineedanewname
post Nov 2 2021, 09:43 PM

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hi guys ,
for strata title issued but not perfected property

other than double stamp duty , what else to look out for ?
TSAskarPerang
post Nov 2 2021, 10:19 PM

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QUOTE(ineedanewname @ Nov 2 2021, 09:43 PM)
hi guys ,
for strata title issued but not perfected property

other than double stamp duty , what else to look out for ?
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Not only double cost but double the required time too.

Apart from that, is:
- Developer already bankrupt / no longer active.
- Caveat on the property.
ineedanewname
post Nov 3 2021, 12:48 AM

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QUOTE(AskarPerang @ Nov 2 2021, 10:19 PM)
Not only double cost but double the required time too.

Apart from that, is:
- Developer already bankrupt / no longer active.
- Caveat on the property.
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thanks for the info bro , let say if dev is still active but dont allow direct transfer is it still worth to go for this auction?

LordPennDragon
post Nov 3 2021, 01:17 AM

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QUOTE(AskarPerang @ Nov 2 2021, 10:19 PM)
Not only double cost but double the required time too.

Apart from that, is:
- Developer already bankrupt / no longer active.
- Caveat on the property.
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these are scary. Are these hidden or clearly stated for prospective bidder?
mini orchard
post Nov 3 2021, 06:21 AM

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QUOTE(ineedanewname @ Nov 3 2021, 12:48 AM)
thanks for the info bro , let say if dev is still active but dont allow direct transfer is it still worth to go for this auction?
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Yes, pay cash and take your time to sort out whatever problems in the title.

QUOTE(LordPennDragon @ Nov 3 2021, 01:17 AM)
these are scary. Are these hidden or clearly stated for prospective bidder?
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Whatever tnc stated or otherwise in the POS, always recheck the info so that bidder know what risks he taking b4 bidding.

This post has been edited by mini orchard: Nov 3 2021, 06:26 AM
RS232C
post Nov 10 2021, 10:50 AM

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hi AP,

Thanks for the insight on Lelong Prop and listing. i read this thread from your first post after being recommended by a friend to lookup for your thread in LYN.

Im currently eyeing for Lakefront Residence T4 to be exact, there is this one unit T4-18-01 which was on auction for 405K. lelong date late last month, not sure the status if its sold or taken up. Would you be able to check if its not and advice possible re-auction date if yet to be taken? as you mentioned it may take 4-6 months before re-auctioned.

and do you have any listing at lakefront residence cyberjaya either 950sqf or the 1293sqf (dual key unit). prefer T3 or T4 only.
TSAskarPerang
post Nov 10 2021, 11:04 AM

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QUOTE(RS232C @ Nov 10 2021, 10:50 AM)
hi AP,

Thanks for the insight on Lelong Prop and listing. i read this thread from your first post after being recommended by a friend to lookup for your thread in LYN.

Im currently eyeing for Lakefront Residence T4 to be exact, there is this one unit T4-18-01 which was on auction for 405K. lelong date late last month, not sure the status if its sold or taken up. Would you be able to check if its not and advice possible re-auction date if yet to be taken? as you mentioned it may take 4-6 months before re-auctioned.

and do you have any listing at lakefront residence cyberjaya either 950sqf or the 1293sqf (dual key unit). prefer T3 or T4 only.
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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.
RS232C
post Nov 10 2021, 01:42 PM

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QUOTE(AskarPerang @ Nov 10 2021, 11:04 AM)
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.
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ahh ..yeah 405K for the dual key unit is fantastic. i missed the advert and only realized about the auction a couple of days after the date.

let me know.. my target around the price of the T4-18-01 lelong price
funnyhoney P
post Nov 12 2021, 09:30 AM

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Hi, do you have any listing at midfield/midfield 2 or any area at kuchai lama/salak south/sungai beis?
Thank you.
Icehart
post Dec 31 2021, 03:42 PM

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QUOTE(AskarPerang @ Nov 10 2021, 11:04 AM)
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.
*
How much cash is needed to standby for a 405k auction property?
TSAskarPerang
post Dec 31 2021, 07:07 PM

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QUOTE(Icehart @ Dec 31 2021, 03:42 PM)
How much cash is needed to standby for a 405k auction property?
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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.


mt24
post Jan 3 2022, 01:08 PM

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ada new listing? looking area mutiara heights, oasis / ameera residence,
budget.. below 330k
lowyatfag
post Jan 3 2022, 01:12 PM

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hi. got new listing for low cost apartment near gombak? budget below 200k

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