General guess,
From the description, high possible is low cost property.

1. 20k below market price is significant for low price property.
Example: 120k market pricing unit going for 100k only.

2. Low cost property rental high chance able to not only cover your 90% loan installment, but also got positive cash flow. Rental minumum 600 for the above example.

3. Low cost property is hard to buy direct from the subsale market. Need to meet the criteria such as must be 1st home buyer, income not more than 5k, etc. So via lelong is the easiest method an investor able to collect many low cost unit. Some even willing to pay above market price for the unit.

Few example where from time to time will have lelong unit from that area at those pricing:
1. Flora Damansara low cost Block A B C
2. Damansara Damai flat
3. Bandar Sri Damansara flat
4. Impian Baiduri flat
5. USJ flat
etc

Hello TS, is there any auction unit in Taman Desa? Desa Green Serviced Apartment.
Please let me know if got any in this area, thanks!

Sure but is very rare from Desa Green.
So for history only got 3 lelong units from there before.
I will try recommend see if got other choices from the nearby area.

Hi,

Looks like its quite complex to participate in auction. Is there a one stop that we can join an auction and get the pre-auction check (land title search, caveat etc) done?

Refer this website: http://www.jkptg.gov.my/index.php/my/
Check at the nearest land office of that particular property. If got no time, sure can provide runner to conduct the search. No problem. Is RM30 payable to that land office + runner fees.
Only property already got individual / strata title need to conduct such search.

For newly completed property or property still with master title, no need to check as nobody can place caveat as the unit is still owned by the developer inside the geran.

But how to know if the property has individual/strata title? is it we just assume for old property or more than 10 years will be having the title?

Will be stated in the Proclamation of Sale document. Example below:






But you can also double confirm by checking subsale unit. Whether people selling their unit still under master title or title ready.
Next also can check with the developer / management office.

I see thank you very much ... do u mind to PM me your contact in case i need assistance or advice ...

It would be good if I can get hand holded for my first auction if I choose to join

Good day all. Happy Chinese New Year and short holidays for some.
First post updated with latest lelong unit. (Updated on 08 Feb 19)
All recommended at good pricing now. Be sure to check out.

Thank you.

Trinity aquata join the auction?

Hello, any auction prop (commercial/landed) around the S2/Sendayan area?

So far not yet got any units from there.

Not quite familiar with the area there. Maybe you can check out the listing below:

Sendayan: https://www.lelongtips.com.my/search/sendayan

Seremban 2 (none meeting your requirement): https://www.lelongtips.com.my/search/seremban%202

Thats ok, thanks. Will continue to keep a lookout for deals

I see that there are not many people bidding on properties above 700k (30% below MV). Any reason? Most do not have strong cash power

bump for tupai

Need to have upfront cash in hand. Especially investors that already locked with 2 property, their 3rd property onwards can only loan 70% from the winning price. Will need to have more upfront cash.

That is why can see people still prefer to aim for mass market property at this range:
- Low cost flat below 100k at non prime area and around 150k at prime mature location.
- Studio unit at around 200k.
- Medium cost apartment below 300k.
- Normal condo below 400k.

Those listed above still the most sought after property in the market.

Fingers crossed. Hope that will continue to be the trend. Even one of the auction units that you have published: Tropicana Cheras was sold at 795k (4 bidders ). And one of the units (No 12 Nadayu 1), bungalow was able to be sold at 2.6m this month - Not sure how many bidders for this unit lol

reverse parking for the good shit

Hi please post more freehold landed house if possible

thank you !

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