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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? 🤔
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? 🤔
*
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.
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post Dec 25 2018, 01:37 AM

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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.
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post Dec 26 2018, 05:31 PM

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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!
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post Dec 30 2018, 10:38 AM

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post Dec 30 2018, 03:37 PM

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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!
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post Dec 31 2018, 05:32 PM

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post Jan 1 2019, 07:18 PM

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TSAskarPerang
post Jan 2 2019, 12:07 PM

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Now this is called LELONG!!!
Unit thrown at 50% below market pricing.
Market rate for 850sqft is at 500k. Can check subsale and also on brickz for record.
But exclusive for BUMI only.

D-02-03, Seasons Garden Residensi Lot 7, No. 7, Jalan 1/27E, Seksyen 10, Wangsa Maju
Reserve price 🔥🔥RM 240,000🔥🔥
Leasehold until 2111
850 sqft (3+1 rooms)
Auction: 10-Jan-2019 (Thu)
*bumi lot

user posted image
torres09
post Jan 2 2019, 02:20 PM

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Nice bro, always excited to see you comment in Property Talk section.
Any landed units at south KV? Bkt Jalil, Seri Kembangan, Cyberjaya for non-Bumi.

Thanks rclxms.gif
jrlor
post Jan 2 2019, 02:49 PM

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Good la! thanks for info.
Zavia/GenX
post Jan 2 2019, 04:38 PM

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Wa so cool, I totally support AskarPerang make this thread!

If got time this quarter, I hope to kepo the auction houses and see what AskarPerang always post about.


QUOTE(AskarPerang @ Dec 23 2018, 02:30 PM)
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.
*
So you are saying its not stated in the auction details, but us people wanting to bid should all go to the land office for a title search for each property we are interested in?
Any other checks besides utilities n maintenance fees we should look into?
TSAskarPerang
post Jan 2 2019, 05:45 PM

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QUOTE(Zavia/GenX @ Jan 2 2019, 04:38 PM)
So you are saying its not stated in the auction details, but us people wanting to bid should all go to the land office for a title search for each property we are interested in?
Any other checks besides utilities n maintenance fees we should look into?
*
Yes not all will be stated. Need to own do checking. Important stuff will be:
1. Caveat for individual / strata title property
2. Bumi / non bumi lot
3. Able to finance bank loan or not. Some property master title more than 10 years, developer bankrupt, those units will be hard to obtain any bank loan anymore. Or only limited bank offering loan.
TSAskarPerang
post Jan 2 2019, 05:59 PM

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QUOTE(torres09 @ Jan 2 2019, 02:20 PM)
Nice bro, always excited to see you comment in Property Talk section.
Any landed units at south KV? Bkt Jalil, Seri Kembangan, Cyberjaya for non-Bumi.

Thanks rclxms.gif
*
How about this unit?
Last week a unit sold at reserve price 531k. Win unchallenged.
Let's see how a slightly lower reserve price will attract how many bidders?
This unit is nearer to the park.

Already got confirmed date now:
user posted image

» Click to show Spoiler - click again to hide... «
torres09
post Jan 2 2019, 11:41 PM

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QUOTE(AskarPerang @ Jan 2 2019, 05:59 PM)
How about this unit?
Last week a unit sold at reserve price 531k. Win unchallenged.
Let's see how a slightly lower reserve price will attract how many bidders?
This unit is nearer to the park.

Already got confirmed date now:
user posted image

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

*
Thanks boss, a bit sceptical on Semenyih for own stay. But will keep an eye for that area.
If buy lelong props can withdraw EPF?
TSAskarPerang
post Jan 2 2019, 11:44 PM

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QUOTE(torres09 @ Jan 2 2019, 11:41 PM)
Thanks boss, a bit sceptical on Semenyih for own stay. But will keep an eye for that area.
If buy lelong props can withdraw EPF?
*
Yes, but still you need to use up own cash first to bid.
After that only withdraw from EPF.

Depending on your account balance, 90% loan, you can withdraw 20% of the property price.

Here the form to fill up (yes got a special section for lelong/auction property in the form itself), can apply once you get bank loan approval of the lelong house:
Attached File  SSD_PMB_BP_D5_V022018_01032018.pdf ( 331.32k ) Number of downloads: 92
torres09
post Jan 3 2019, 10:10 AM

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QUOTE(AskarPerang @ Jan 2 2019, 11:44 PM)
Yes, but still you need to use up own cash first to bid.
After that only withdraw from EPF.

Depending on your account balance, 90% loan, you can withdraw 20% of the property price.

Here the form to fill up (yes got a special section for lelong/auction property in the form itself), can apply once you get bank loan approval of the lelong house:
Attached File  SSD_PMB_BP_D5_V022018_01032018.pdf ( 331.32k ) Number of downloads: 92

*
So you mean if 500k property and I manage to get 90% loan = 450k, I can only withdraw 100k from my EPF account 2?
TSAskarPerang
post Jan 3 2019, 11:03 AM

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QUOTE(torres09 @ Jan 3 2019, 10:10 AM)
So you mean if 500k property and I manage to get 90% loan = 450k, I can only withdraw 100k from my EPF account 2?
*
Yes. Provided you got such amount of money inside.
mroys@lyn
post Jan 3 2019, 11:26 AM

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thanks askar, nice compilations.
TSAskarPerang
post Jan 3 2019, 11:52 AM

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Cheap recommended lelong unit for this month (will be updated in the 2nd post, 1st page):

1. Central Residence, Sg Besi (non bumi lot, anyone can buy)

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2. Damai Apartment, Seksyen 25 Shah Alam (non bumi lot, anyone can buy)

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


3. Mutiara Ville, Cyberjaya (non bumi lot, anyone can buy)

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4. OUG Parklane (bumi lot)

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5. KL Traders Square (bumi lot)

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6. Lakeville Residence (non bumi lot, anyone can buy)

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7. Bandar Sierra 16, 2 storey landed house (non bumi lot, anyone can buy)

» Click to show Spoiler - click again to hide... «
lotter92
post Jan 4 2019, 03:51 PM

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Nice thread. Can I request listing around Sri Permaisuri / Bandar Tun Razak / Pandan?
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post Jan 4 2019, 07:16 PM

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Bro.. nice thread always follow ur jalan ampang comment...

Is there any good in Penang? Sorry bro if too far
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post Jan 4 2019, 08:54 PM

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post Jan 4 2019, 09:01 PM

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need to pay for snp agreement?
TSAskarPerang
post Jan 5 2019, 02:50 PM

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QUOTE(WhiteFlag @ Jan 4 2019, 09:01 PM)
need to pay for snp agreement?
*
Yes need to hire lawyer to assist and do the Deed of Assignment.
The lelong Proclamation of Sales (POS) is the S&P.
The legal fees involved buying from lelong is slightly cheaper compare to buying via normal subsale method actually.


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post Jan 7 2019, 11:17 AM

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post Jan 8 2019, 09:30 PM

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Follow, where you have got those info lelong from?
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post Jan 9 2019, 10:10 PM

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good thread . thumbsup.gif
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post Jan 10 2019, 12:19 PM

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park, bookmark this thread.
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post Jan 10 2019, 03:15 PM

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Parking... highly valuable thread in this forum!
meors
post Jan 10 2019, 05:08 PM

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1. How long does is take after you win the bid?
2. If occupied - do we know rented or owner? and what's the difference to evict these 2?

Very good info. thanks!
TSAskarPerang
post Jan 10 2019, 06:35 PM

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QUOTE(meors @ Jan 10 2019, 05:08 PM)
1. How long does is take after you win the bid?
2. If occupied - do we know rented or owner? and what's the difference to evict these 2?

Very good info. thanks!
*
1. Settle within 90 days or 120 days depending on which bank. If cannot, then lawyer will request for time extension with reasonable excuse.

2. By checking, yes can identify is tenant occupy or owner still own staying. Logically evicting tenant will be much easier process. Just like a landlord terminating the rental of your tenant.
Zavia/GenX
post Jan 11 2019, 03:48 PM

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Do banks in Malaysia offer pre-qualified mortgage services, as an potential newbie auction person, I'm most concerned about mortgage not qualifying for some reason, or only qualifying for 80%.


QUOTE(AskarPerang @ Jan 10 2019, 06:35 PM)
Logically evicting tenant will be much easier process. Just like a landlord terminating the rental of your tenant.
*
If the Tenant say paid in advance, does the new landlord (bid winner) have to fufill the previous obligation?
Does the Tenant still have renters rights if they do not have a existing rental agreement with the new owner?

At what point does the liability (utilities costs n rental) of the auction unit transfer to the bid winner? The date of S&P? Date of winning auction?
For example, a Tenant would want to pro rata the new rental, or which utility bill on which date will be whos responsibility.




Your posts always make me login to lowyat happy.gif

This post has been edited by Zavia/GenX: Jan 11 2019, 03:48 PM
TSAskarPerang
post Jan 11 2019, 04:16 PM

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QUOTE(Zavia/GenX @ Jan 11 2019, 03:48 PM)
Do banks in Malaysia offer pre-qualified mortgage services, as an potential newbie auction person, I'm most concerned about mortgage not qualifying for some reason, or only qualifying for 80%.
*
Yes all bankers able to assess how much you are able to loan base on your supporting document i.e. credit profile, income, DSR, CCRIS record. And will advice you how much you are able to loan up to XXX amount. Each bank got different criteria.
The assessment done sole on your profile, not related to any projects yet.
But also depend if you are going for project more than 10 years still under master title, then still got chance loan will not be approved. This time not because of you, but because of the project.

QUOTE(Zavia/GenX @ Jan 11 2019, 03:48 PM)
If the Tenant say paid in advance, does the new landlord (bid winner) have to fufill the previous obligation?
Does the Tenant still have renters rights if they do not have a existing rental agreement with the new owner?

At what point does the liability (utilities costs n rental) of the auction unit transfer to the bid winner? The date of S&P? Date of winning auction?
For example, a Tenant would want to pro rata the new rental, or which utility bill on which date will be whos responsibility.
Your posts always make me login to lowyat happy.gif
*
If confirm the unit occupied by tenants, after winning, the most important thing is to inform the tenants so that they stop paying rent to the ex-owner.
Next is the tenant demand back the deposit from the ex-owner. Logically, they wont be getting back those deposit as the ex-owner surely got no money anymore.
So just offer the tenants free stay for 2 months, should be able to cover back those deposits and do a new agreement with them. Either to move out after 2 months end or can continue renting (if you wish to rent out the unit). Make sure they settle those utility bill as well.

If you are taking bank loan, disbursement also will take 2 to 3 months time plus all the request to the authority. So during the 2 months "free" period for them, you are not paying anything yet also.

Example after getting a 450k unit at 300k only. 150k below market, I dont think you will mind so much about those pro rata issue on the rental or utility. As long as can get the bank to disburse and complete the process in time, should be the more important thing.
TSAskarPerang
post Jan 11 2019, 11:14 PM

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Few results update from RHB night of auction!!!



QUOTE
A-19-08, Central Residence @ Suria Sungai Besi
Reserve price🔥🔥RM 321,000🔥🔥
Freehold
731sqft
Auction: 11-Jan-2019 (Fri)


2 bidders.
Sold at 334k just now.
Vacant unit. Already more than 1 years plus access card barred. Water usage zero and TNB usage nil. Unit facing inside swimming pool. Not facing cemetery.
Good catch!!!


QUOTE
B-19-12, Alam Sanjung, No. 1, Jalan Budiman 22/3
New reserve price🔥🔥RM 291,600🔥🔥
Freehold
912 sqft, 2 car park slot (but tandem arrangement)
Shah alam view / west
Auction: early Jan 2019


3 bidders.
Sold at 302k just now.
Occupied unit.
Still a good catch.


QUOTE
J-19-02, Mutiara Ville Persiaran Sepang
Reserve price 🔥🔥RM171,300🔥🔥
560 sqft, 2 car park slot
Freehold
Auction: 11-Jan-2019 (Fri)


As expected. When price too low will attract many bidder.
Total 7 bidders.
Occupied unit.

Sold at 208k. Much higher than last month reserve price of just 190k. Can win unchallenge and save up 18k.


QUOTE
G-30-03A, Zeta Residence, One South
Reserve price 🔥🔥RM 405,000🔥🔥
Leasehold until year 2094
1184 sqft + 173 sqft private lobby foyer space
Auction: Early Jan 19


4 bidders.
Sold at 445k just now.

This is non bumi lot. Anyone can buy. Vacant unit. Very nice view from the unit. This unit S&P price at 900+k. Now sold at half price.

Well, this is lelong. Good catch!!!
teehk_tee
post Jan 14 2019, 06:02 PM

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parking. good thread.
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post Jan 15 2019, 01:33 AM

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following closely
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post Jan 15 2019, 08:54 AM

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Best time. Parking here
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post Jan 15 2019, 10:15 AM

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good thread to follow up.
kudos bro
ee7han
post Jan 15 2019, 01:12 PM

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no money to buy also parking. tq for the effort
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post Jan 15 2019, 07:09 PM

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Nice thread
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post Jan 15 2019, 10:47 PM

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Where is zeta residence one south? is it one of the block within one south seri kembangan?
TSAskarPerang
post Jan 15 2019, 11:03 PM

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QUOTE(zenwell @ Jan 15 2019, 10:47 PM)
Where is zeta residence one south? is it one of the block within one south seri kembangan?
*
Yes. Malaysia Arab City. Haha.
Got a unit at Flora, One South in the auction market now. High rental due to high demand from the arab.
Got link bridge to future MRT2 station as well.
alesi616
post Jan 18 2019, 03:08 PM

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nice thread from TS! explaining all the LELONG MYTHS that we all dont' know.

Question:
1. What is the difference between bank auction and high court auction properties?
2. If win the bid, but later not manage to secure a bank loan, it is either buy in full cash or 10% deposit money forfeited ?
3. When a property goes into lelong process, that means the owner already issued bankruptcy ?
TSAskarPerang
post Jan 18 2019, 03:18 PM

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QUOTE(alesi616 @ Jan 18 2019, 03:08 PM)
nice thread from TS! explaining all the LELONG MYTHS that we all dont' know.

Question:
1. What is the difference between bank auction and high court auction properties?
2. If win the bid, but later not manage to secure a bank loan, it is either buy in full cash or 10% deposit money forfeited ?
3. When a property goes into lelong process, that means the owner already issued bankruptcy ?
*
1.
Public auction = still under master title or individual strata issue but owner didnt do perfection yet. name transfer will rely heavily depend on developer. possible required double transfer if strata issued but owner did nothing yet.
High court / Land office auction = already got individual strata title. beware of caveat. straight forward transfer, no longer need to depend on developer. will be a faster process.

2. Yes, need pay full cash or let go forfeit the 10% deposit.

3. Not necessarily. Most property bought before year 2010, even at lelong price today, owner will still get something (profit) out of it. So wont be declared bankrupt.
But for new property lelong today, majority sold below outstanding loan amount. So bank will continue to chase those owners for the differences. Then only they will be filed for bankruptcy charges.
TSAskarPerang
post Jan 20 2019, 03:27 PM

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Dear all reader / follower, first post is updated (last updated on 20 Jan 2019).
Few unsold units so price drop by 10%.
Be sure to check them out.
Cheers. notworthy.gif
bernardyap
post Jan 24 2019, 12:18 PM

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parking to follow, tq bro.
evangelion
post Jan 24 2019, 06:19 PM

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QUOTE(AskarPerang @ Jan 18 2019, 03:18 PM)
1.
Public auction = still under master title or individual strata issue but owner didnt do perfection yet. name transfer will rely heavily depend on developer. possible required double transfer if strata issued but owner did nothing yet. 

*
Can u elaborate on the double transfer? What are the procedures and extra cost/hassles involved.

Tqvm, keep up the effort.
TSAskarPerang
post Jan 24 2019, 07:12 PM

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QUOTE(evangelion @ Jan 24 2019, 06:19 PM)
Can u elaborate on the double transfer? What are the procedures and extra cost/hassles involved.

Tqvm, keep up the effort.
*
For understanding,
First owner = Owner that default paying the bank and property kena lelong
Second owner = Buyer who win the lelong unit

Double transfer happen when:
- Individual strata title issued but the first owner did not settle the strata transfer process.
- Second owner won the lelong unit.
- Depending on developer. Some developer allow direct transfer. Then is good. If not allow, then:
- Need to settle the transfer from developer to first owner first. Lawyer and stamp duty need to pay by the buyer (second owner).
- After that another name transfer from first owner to second owner. Another time payment of lawyer and stamp duty fees.
- Plus consent from authority if for leasehold property will take 3 to 6 months time per transfer. So double transfer may take up to 1 year long duration. So need to ask for extension. If kena penalty by the auction bank, will end up paying (up to 10% pa) late payment interest until the process settle.

So conclusion, it is still better to just buy a property that is still under master title as long as it is still faily new. Less than 5 years completed.
To avoid the headache as above.
lotter92
post Jan 25 2019, 10:10 AM

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QUOTE(AskarPerang @ Jan 24 2019, 07:12 PM)
For understanding,
First owner = Owner that default paying the bank and property kena lelong
Second owner = Buyer who win the lelong unit

Double transfer happen when:
- Individual strata title issued but the first owner did not settle the strata transfer process.
- Second owner won the lelong unit.
- Depending on developer. Some developer allow direct transfer. Then is good. If not allow, then:
- Need to settle the transfer from developer to first owner first. Lawyer and stamp duty need to pay by the buyer (second owner).
- After that another name transfer from first owner to second owner. Another time payment of lawyer and stamp duty fees.
- Plus consent from authority if for leasehold property will take 3 to 6 months time per transfer. So double transfer may take up to 1 year long duration. So need to ask for extension. If kena penalty by the auction bank, will end up paying (up to 10% pa) late payment interest until the process settle.

So conclusion, it is still better to just buy a property that is still under master title as long as it is still faily new. Less than 5 years completed.
To avoid the headache as above.
*
But master title is harder to get loan approved by bank though?
TSAskarPerang
post Jan 25 2019, 02:15 PM

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QUOTE(lotter92 @ Jan 25 2019, 10:10 AM)
But master title is harder to get loan approved by bank though?
*
For property age less than 10 years, still can get bank loan.
If more than 10 years, then only selected bank will give bank loan such as Public Bank and Ambank. So your choice bank selection will reduce.
kai88
post Jan 28 2019, 05:52 AM

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Good thread. Parking to follow
Gravity
post Jan 28 2019, 12:45 PM

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nice thread!. TS im looking for landed property in oug/kuchai area. Any auction units here? preferable semi d
kaifahalas
post Jan 29 2019, 01:04 AM

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Penang coming auction buy 1 free 1. 1900sf RM 335.8k

The name of the property is krystal suites .

wow! wow!


braderizwan
post Jan 29 2019, 01:42 AM

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Park park.Thanks TS.
Question: Normally how do u turn to profit on these auction props? By flip or rental?
How long does it normally take to resell once you win providing that can get quick buyer?

I'm only have 1 house atm, bought undercon. Thinking to join auction prop as investment.
TSAskarPerang
post Jan 29 2019, 08:38 AM

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QUOTE(braderizwan @ Jan 29 2019, 01:42 AM)
Park park.Thanks TS.
Question: Normally how do u turn to profit on these auction props? By flip or rental?
How long does it normally take to resell once you win providing that can get quick buyer?

I'm only have 1 house atm, bought undercon. Thinking to join auction prop as investment.
*
If a property got good demand, easy to rent or sell, prime mature area, then even in the auction market also will not end up cheaply.
Most likely at 10% below subsale pricing only. So your profit will be less as well.

Is best to aim at non-prime local area you are familiar such as for example Rawang, Puncak Alam, etc.
Then you will face less competition and can get lelong units at maybe more than 30% below subsale pricing.
And since you know the market there, you will know how much able to rent out or flip the unit.

Another choice is to aim at places that gonna have new development coming in. Such as MRT2 stations, or new shopping mall, etc.
Then you grab a unit there first at cheap lelong pricing and wait for the development to complete. Current rental and sale price maybe at a low, so need to hold until the area boost up. However, this will require a lot of analysis and research.

Good luck.

MGM
post Jan 29 2019, 11:56 AM

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QUOTE(kaifahalas @ Jan 29 2019, 01:04 AM)
Penang coming auction buy 1 free 1.  1900sf  RM 335.8k

The name of the property is krystal suites .

wow! wow!
*
https://forum.lowyat.net/topic/2494173/all
upmgunner
post Jan 31 2019, 01:24 AM

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follow..waiting ridgefield th kajang townhouse..hehe
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post Jan 31 2019, 07:18 PM

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parking
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post Feb 2 2019, 10:43 PM

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post Feb 3 2019, 11:33 PM

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post Feb 4 2019, 11:16 AM

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interesting thread. park first.
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post Feb 4 2019, 11:32 AM

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thanks so much bro, very helpful
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post Feb 4 2019, 11:53 AM

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Seems like the place has been turned into a carpark. I thought only can simply park at kopitiam. But still I salute to AskarPerang for this good work. notworthy.gif thumbup.gif
kingdomdemon
post Feb 6 2019, 12:40 PM

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Good day sifu and bosses

I have an aim at one of the auction unit but it is still first auction. Should I wait for 2nd auction? The current price is already 20k lower than what people are selling

Rental is higher than monthly loan payment.
mini orchard
post Feb 6 2019, 06:36 PM

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QUOTE(kingdomdemon @ Feb 6 2019, 12:40 PM)
Good day sifu and bosses

I have an aim at one of the auction unit but it is still first auction. Should I wait for 2nd auction? The current price is already 20k lower than what people are selling

Rental is higher than monthly loan payment.
*
What is the market asking price now?

How much is outstanding for maintainance and others?

Occupied or vacant now?

RM20k difference cannot view property and or if occupied is too low.
kingdomdemon
post Feb 6 2019, 06:44 PM

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QUOTE(mini orchard @ Feb 6 2019, 06:36 PM)
What is the market asking price now?

How much is outstanding for maintainance and others?

Occupied or vacant now?

RM20k difference cannot view property and or if occupied is too low.
*
Looking at the unit at nilai. But bro @askarperang told me already aborted. So need to hunt others
TSAskarPerang
post Feb 6 2019, 07:48 PM

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QUOTE(kingdomdemon @ Feb 6 2019, 12:40 PM)
Good day sifu and bosses

I have an aim at one of the auction unit but it is still first auction. Should I wait for 2nd auction? The current price is already 20k lower than what people are selling

Rental is higher than monthly loan payment.
*
QUOTE(mini orchard @ Feb 6 2019, 06:36 PM)
What is the market asking price now?

How much is outstanding for maintainance and others?

Occupied or vacant now?

RM20k difference cannot view property and or if occupied is too low.
*
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
yuehyih
post Feb 6 2019, 08:54 PM

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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!
TSAskarPerang
post Feb 6 2019, 11:45 PM

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QUOTE(yuehyih @ Feb 6 2019, 08:54 PM)
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.
apo_lak_nie
post Feb 7 2019, 03:02 PM

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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?
TSAskarPerang
post Feb 7 2019, 03:08 PM

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QUOTE(apo_lak_nie @ Feb 7 2019, 03:02 PM)
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.
apo_lak_nie
post Feb 7 2019, 03:34 PM

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QUOTE(AskarPerang @ Feb 7 2019, 03:08 PM)
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?
TSAskarPerang
post Feb 7 2019, 03:48 PM

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QUOTE(apo_lak_nie @ Feb 7 2019, 03:34 PM)
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:

user posted image

user posted image


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.
apo_lak_nie
post Feb 7 2019, 04:01 PM

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QUOTE(AskarPerang @ Feb 7 2019, 03:48 PM)
Will be stated in the Proclamation of Sale document. Example below:

user posted image

user posted image
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
TSAskarPerang
post Feb 8 2019, 11:17 PM

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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. notworthy.gif
xiaoxiaoshen
post Feb 16 2019, 12:17 PM

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Trinity aquata join the auction?
teehk_tee
post Feb 16 2019, 12:20 PM

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Hello, any auction prop (commercial/landed) around the S2/Sendayan area?
TSAskarPerang
post Feb 16 2019, 02:25 PM

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QUOTE(xiaoxiaoshen @ Feb 16 2019, 12:17 PM)
Trinity aquata join the auction?
*
So far not yet got any units from there.

QUOTE(teehk_tee @ Feb 16 2019, 12:20 PM)
Hello, any auction prop (commercial/landed) around the S2/Sendayan area?
*
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
teehk_tee
post Feb 16 2019, 02:51 PM

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QUOTE(AskarPerang @ Feb 16 2019, 02:25 PM)
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
Harry_Bobinski
post Feb 18 2019, 12:20 PM

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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
jayko
post Feb 19 2019, 02:44 AM

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bump for tupai ohmy.gif
TSAskarPerang
post Feb 19 2019, 11:33 PM

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QUOTE(Harry_Bobinski @ Feb 18 2019, 12:20 PM)
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
*
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.
Harry_Bobinski
post Feb 20 2019, 02:16 PM

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QUOTE(AskarPerang @ Feb 19 2019, 11:33 PM)
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 sad.gif ). 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
SUSAllnGap
post Feb 23 2019, 09:41 AM

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reverse parking for the good shit
Mr.Weezy
post Feb 23 2019, 10:37 AM

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Hi please post more freehold landed house if possible

thank you !
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post Feb 24 2019, 06:01 PM

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post Feb 24 2019, 10:18 PM

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Ht 26 03A already sold right?

why still listed on first post?
riku
post Feb 25 2019, 01:29 AM

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Looking condo unit in Puchong .prefer new condo ,eg sky condo, rim a condo and Denai sutera
TSAskarPerang
post Feb 25 2019, 11:12 AM

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QUOTE(Mr.Weezy @ Feb 24 2019, 10:18 PM)
Ht 26 03A already sold right?

why still listed on first post?
*
Yup, will be updated once Mac listing of available lelong units are out.
Most units taken in the first page except for few units which will be re-auction at an even cheaper pricing in Mac. Cheers.
Thank you.
SUSAllnGap
post Feb 25 2019, 11:31 AM

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QUOTE(AskarPerang @ Feb 25 2019, 11:12 AM)
Yup, will be updated once Mac listing of available lelong units are out.
Most units taken in the first page except for few units which will be re-auction at an even cheaper pricing in Mac. Cheers.
Thank you.
*
Hi bro,thanks for your efforts here.

Where can get a master list of all the lelong around ??

Thanks
TSAskarPerang
post Feb 25 2019, 12:36 PM

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QUOTE(AllnGap @ Feb 25 2019, 11:31 AM)
Hi bro,thanks for your efforts here.

Where can get a master list of all the lelong around ??

Thanks
*
--------------------
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/
---------------------
SUSAllnGap
post Feb 25 2019, 12:40 PM

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QUOTE(AskarPerang @ Feb 25 2019, 12:36 PM)
--------------------
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/
---------------------
*
thank you so much !!!

once i'm ready to hunt will look for your consultation services.
MGM
post Feb 25 2019, 02:11 PM

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QUOTE(AskarPerang @ Feb 25 2019, 12:36 PM)
--------------------
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/
---------------------
*
Thank you very much, just what I need.
TSAskarPerang
post Feb 28 2019, 11:26 PM

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First post updated with Mac 2019 listing.
Will be updated from time to time if got interesting lelong units check in.

Do check out the first post.
Thank you. notworthy.gif
Harry_Bobinski
post Mar 4 2019, 08:21 AM

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3 Sty House with spacious land 20x70. It's not easy to find a 3 storey house at this price around this area (close to Pavilion 2)
-Built up with 2495sf
-Gated & Guarded

Reserve Price : 🔥🔥RM 931,500🔥🔥
Market Price. : RM 1.2m
Auction Date : 12/03/2019
Address : Jln Tiara 4, Mutiara Bukit Jalil, Bukit Jalil, KL



user posted image
TSAskarPerang
post Mar 4 2019, 08:31 AM

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QUOTE(Harry_Bobinski @ Mar 4 2019, 08:21 AM)
3 Sty House with spacious land 20x70. It's not easy to find a 3 storey house at this price around this area (close to Pavilion 2)
-Built up with 2495sf
-Gated & Guarded

Reserve Price : 🔥🔥RM 931,500🔥🔥
Market Price.    : RM 1.2m 
Auction Date : 12/03/2019 
Address : Jln Tiara 4, Mutiara Bukit Jalil, Bukit Jalil, KL
user posted image
*
Thanks.
Actual house pics (occupied unit it seems):

user posted image
Harry_Bobinski
post Mar 4 2019, 08:42 AM

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QUOTE(AskarPerang @ Mar 4 2019, 08:31 AM)
Thanks.
Actual house pics (occupied unit it seems):

user posted image
*
Yeah apparently so. I do believe this will have no bidder this round
evangelion
post Mar 4 2019, 08:23 PM

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QUOTE(Harry_Bobinski @ Mar 4 2019, 08:42 AM)
Yeah apparently so. I do believe this will have no bidder this round
*
What kind of Complications? confused.gif
I thought just ask lawyer to r move? Price of removal?
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post Mar 6 2019, 08:21 PM

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post Mar 7 2019, 12:55 AM

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x3Kai
post Mar 7 2019, 02:41 PM

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interesting. more interested in units that's a good investment for rental income.
BoonieTan
post Mar 9 2019, 10:34 PM

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Parking
vin99
post Mar 21 2019, 10:13 AM

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The Zest at Kinrara, do you have any auction ?
TSAskarPerang
post Mar 21 2019, 11:43 AM

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QUOTE(vin99 @ Mar 21 2019, 10:13 AM)
The Zest at Kinrara, do you have any auction ?
*
At the moment no lelong unit from The Zest.
Only got from The Rainz, Parkhill Residence, etc if from around Bukit Jalil area.
maxtrix
post Mar 23 2019, 10:53 PM

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Hi, u have provide some good info on action property. However, i do have a question:

Let say, i go to land office to do lan search before auction and found the auction unit is not caveat. After winning the bid, can someone still conduct caveat? Is it possible for bidder to face this problem?
TSAskarPerang
post Mar 24 2019, 12:51 PM

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QUOTE(maxtrix @ Mar 23 2019, 10:53 PM)
Hi, u have provide some good info on action property. However, i do have a question:

Let say, i go to land office to do lan search before auction and found the auction unit is not caveat. After winning the bid, can someone still conduct caveat? Is it possible for bidder to face this problem?
*
Yes, there is always a possibility the property being placed under caveat after the auction. You have to bear the risk.
As name transfer/change will take time. In between the transaction period after the auction, the owner name will still be the defaulter (ex-owner) name.
kingdomdemon
post Mar 26 2019, 01:56 PM

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first try : Wanna bid mesahill, failed
second try : Wanna bid hyde unit icity, failed.

no luck then
KGear
post Mar 26 2019, 02:01 PM

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myroy
post Mar 26 2019, 06:22 PM

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QUOTE(kingdomdemon @ Mar 26 2019, 01:56 PM)
first try : Wanna bid mesahill, failed
second try : Wanna bid hyde unit icity, failed.

no luck then
*
Why?
someone counter your price? and more than what you can afford?
kingdomdemon
post Mar 27 2019, 01:32 PM

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QUOTE(myroy @ Mar 26 2019, 06:22 PM)
Why?
someone counter your price? and more than what you can afford?
*
i was eagerly waiting for next round.... but this roudn already sold bye.gif
Blinklime
post Mar 27 2019, 02:08 PM

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QUOTE(kingdomdemon @ Mar 27 2019, 02:32 PM)
i was eagerly waiting for next round.... but this roudn already sold  bye.gif
*
should attend, maybe someone kasi side bbonus
kingdomdemon
post Mar 27 2019, 02:10 PM

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QUOTE(Blinklime @ Mar 27 2019, 02:08 PM)
should attend, maybe someone kasi side bbonus
*
yeah. bangwall.gif
joseph1688
post Apr 1 2019, 07:00 AM

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post Apr 3 2019, 09:43 PM

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parking
sweet_pez
post Apr 4 2019, 10:54 AM

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QUOTE(KGear @ Mar 26 2019, 02:01 PM)
parking
*
QUOTE(joseph1688 @ Apr 1 2019, 07:00 AM)
park
*
QUOTE(menggin @ Apr 3 2019, 09:43 PM)
parking
*
2019, still parking? Top right corner of the post you can see [Track this Topic]. Just click on it to subscribe and receive updates whenever there's update.
kuwhere
post Apr 4 2019, 11:11 AM

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QUOTE(sweet_pez @ Apr 4 2019, 10:54 AM)
2019, still parking? Top right corner of the post you can see [Track this Topic]. Just click on it to subscribe and receive updates whenever there's update.
*
L0L.. i also dont understand these peoples
ProxMatoR
post Apr 4 2019, 11:25 AM

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QUOTE(sweet_pez @ Apr 4 2019, 10:54 AM)
2019, still parking? Top right corner of the post you can see [Track this Topic]. Just click on it to subscribe and receive updates whenever there's update.
*
QUOTE(kuwhere @ Apr 4 2019, 11:11 AM)
L0L.. i also dont understand these peoples
*
simple, 1 word.... LAZY lol.gif lol.gif lol.gif lol.gif
sweet_pez
post Apr 4 2019, 11:36 AM

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QUOTE(kuwhere @ Apr 4 2019, 11:11 AM)
L0L.. i also dont understand these peoples
*
QUOTE(ProxMatoR @ Apr 4 2019, 11:25 AM)
simple, 1 word.... LAZY lol.gif lol.gif lol.gif lol.gif
*
Hahahaha it's definitely faster and easier than typing "Parking" and posting it laugh.gif

Prolly coz they didn't notice the function. We got a little side tracked, back to topic!

This post has been edited by sweet_pez: Apr 4 2019, 11:36 AM
norie-expat P
post Apr 4 2019, 08:25 PM

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Following this post. Is there any office suites along KL for auction?
830318
post Apr 7 2019, 06:25 PM

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parked.
very good info
mmzoo
post Apr 7 2019, 09:02 PM

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Parking,Nice thread biggrin.gif
TSAskarPerang
post Apr 7 2019, 09:18 PM

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QUOTE(norie-expat @ Apr 4 2019, 08:25 PM)
Following this post. Is there any office suites along KL for auction?
*
Office suite in KL:
1. Arte+, Jalan Ampang: https://forum.lowyat.net/index.php?showtopi...post&p=92214414
2. Expressionz, Jalan Tun Razak: https://forum.lowyat.net/index.php?showtopi...post&p=92240028
3. 3 Tower, Jalan Ampang: https://www.lelongtips.com.my/search/3%20to...=kuala%20lumpur
4. Menara RA, Bandar Sri Damansara (will have future MRT2 station walking distance): https://www.lelongtips.com.my/search/menara%20RA
5. Platinum Walk, Setapak: https://www.lelongtips.com.my/property/5792...ur-for-RM450000
6. Menara Arina Uniti, Kg Baru: https://www.lelongtips.com.my/property/5778...ur-for-RM288000
naqib0307
post Apr 9 2019, 02:39 PM

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QUOTE(khairulNorzi @ Apr 9 2019, 02:34 PM)
Hi bro,

My buyer is looking for freehold landed property (single or double storey)

Any area will do as long as walking distance to LRT/MRT station.
Max budget RM500k

Do you have any to propose?

Thank you.
*
Any lrt/mrt?

check taman sri reko. Right infront of mrt kajang
tomato people
post Apr 9 2019, 02:43 PM

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QUOTE(sweet_pez @ Apr 4 2019, 10:54 AM)
2019, still parking? Top right corner of the post you can see [Track this Topic]. Just click on it to subscribe and receive updates whenever there's update.
*
Thanks for info

😅
heliozguard
post Apr 9 2019, 10:34 PM

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boss verdi cyber @ 360k last month sold ?
TSAskarPerang
post Apr 9 2019, 10:35 PM

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QUOTE(heliozguard @ Apr 9 2019, 10:34 PM)
boss verdi cyber @ 360k last month sold ?
*
Yes sold. 2 bidders. Sold at 364k.
Refer: https://forum.lowyat.net/index.php?showtopi...post&p=92240047
propriete
post Apr 12 2019, 02:26 PM

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any listing for landed in kinrara/bukit jalil area?
TSAskarPerang
post Apr 12 2019, 02:30 PM

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QUOTE(propriete @ Apr 12 2019, 02:26 PM)
any listing for landed in kinrara/bukit jalil area?
*
Sorry edited wrong recommendation.
Landed property.

This post has been edited by AskarPerang: Apr 12 2019, 02:31 PM
propriete
post Apr 12 2019, 02:42 PM

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QUOTE(AskarPerang @ Apr 12 2019, 02:30 PM)
Sorry edited wrong recommendation.
Landed property.
*
I didn't managed to read, so no listing for landed in mentioned area?
TSAskarPerang
post Apr 12 2019, 02:46 PM

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QUOTE(propriete @ Apr 12 2019, 02:42 PM)
I didn't managed to read, so no listing for landed in mentioned area?
*
I posted Parkhill Residence and Rainz both at Bukit Jalil. But then only realize is for landed property.
I need to check and see first. smile.gif
alvis5913
post Apr 16 2019, 12:46 AM

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Any good deal in setapak or wangsa maju area?
TSAskarPerang
post Apr 16 2019, 04:43 PM

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QUOTE(alvis5913 @ Apr 16 2019, 12:46 AM)
Any good deal in setapak or wangsa maju area?
*
Mostly bumi lot here.
Choices:
1. KL Traders Square
2. Seasons Garden

Both newly completed property.
Or you can info your budget, maybe got property that matches your requirement.
airtawarian
post Apr 19 2019, 03:08 AM

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QUOTE(alvis5913 @ Apr 16 2019, 12:46 AM)
Any good deal in setapak or wangsa maju area?
*
You Can try Pv danau kota. Walking distance 5 mins AEON Big MCd pizza hut 99 speedmart 7E, family mart, Walking 3 mins pv128. Interested Can let me know
atozee
post Apr 19 2019, 02:35 PM

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Need opinion on this older property, Emerald Hills in Bukit Indah, Ampang. Appreciate comments and thoughts. Thanks!
TSAskarPerang
post Apr 19 2019, 02:49 PM

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QUOTE(atozee @ Apr 19 2019, 02:35 PM)
Need opinion on this older property, Emerald Hills in Bukit Indah, Ampang. Appreciate comments and thoughts. Thanks!
*
Strata issued and perfection done.
High court auction.

Best is to go and pay a visit first at the location. See and judge whether is worth how much.

Leasehold until 2095. I will PM you for few additional advices. Cheers.
sj0217
post Apr 20 2019, 02:36 PM

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Thanks for the thread !!
CtrlAltDelicious
post Apr 20 2019, 05:58 PM

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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)
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)
*
This unit called off before the auction back in January. Guess owner managed to settle the outstanding amount with the bank.

naqib0307
post Apr 22 2019, 02:23 PM

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Got any details for putra heights dsl 26x80? saw one ads when i was driving there going about 650k?
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?
*
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
gashout
post Apr 22 2019, 09:08 PM

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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!
Katrinah
post Apr 23 2019, 09:44 AM

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Hi askar, is there any auction condo unit in ara damansara? Thanks
w3sley
post Apr 24 2019, 01:33 AM

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Any listing in Melaka? Thank you!

A great masterpiece you have here. Cheers!
TSAskarPerang
post Apr 24 2019, 05:54 PM

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QUOTE(sj0217 @ Apr 20 2019, 02:36 PM)
Thanks for the thread !!
*
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!
*
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
*
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!
*
Any budget?
High rise or landed?

Many new airbnb high rise enter lelong in Melaka around Kota Laksamana Jaya area. If you are interested.
Katrinah
post Apr 24 2019, 08:51 PM

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QUOTE(AskarPerang @ Apr 24 2019, 05:54 PM)
Thanks for the support.  notworthy.gif
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.
Any budget?
High rise or landed?

Many new airbnb high rise enter lelong in Melaka around Kota Laksamana Jaya area. If you are interested.
*
Interested, thanks ya !
w3sley
post Apr 25 2019, 11:48 PM

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QUOTE(AskarPerang @ Apr 24 2019, 05:54 PM)
Thanks for the support.  notworthy.gif
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.
Any budget?
High rise or landed?

Many new airbnb high rise enter lelong in Melaka around Kota Laksamana Jaya area. If you are interested.
*
PM below 300k, prefer landed (high rise can consider).
Thanks! thumbsup.gif
nsinniah
post Apr 26 2019, 02:51 PM

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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.
keanoppy
post Apr 26 2019, 08:04 PM

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Park.
Good job bro.
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.
*
Okay received whatapps from you. thumbsup.gif
Xaphier
post Apr 28 2019, 12:40 PM

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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!
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!
*
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.


55665566
post Apr 29 2019, 09:18 AM

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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.
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.
*
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.
Jacky yong
post Apr 29 2019, 11:02 AM

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QUOTE(AskarPerang @ Apr 29 2019, 10:39 AM)
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.
*
But new owner is new owner ma...along still come de meh?
Need to gaodim for the previous owner too?
55665566
post Apr 29 2019, 11:12 AM

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QUOTE(Jacky yong @ Apr 29 2019, 11:02 AM)
But new owner is new owner ma...along still come de meh?
Need to gaodim for the previous owner too?
*
i always heard along will come haunt new owner ask for protection fee as soon as you come out of auction hall
Jacky yong
post Apr 29 2019, 02:36 PM

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QUOTE(55665566 @ Apr 29 2019, 12:12 PM)
i always heard along will come haunt new owner ask for protection fee as soon as you come out of auction hall
*
Wa macam tu pun boleh a
life27
post May 1 2019, 07:25 AM

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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??
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??
*
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
luffytaro
post May 3 2019, 04:46 AM

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Good day Askar Perang,

I am a first home buyer and in search of properties (acution/new) in Wangsa Maju area. I hope with your expertise and information , I can secure a properties soon. Your cooperation is highly appreciated. Thank you.

Regards. notworthy.gif
barca96
post May 3 2019, 01:54 PM

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but for some reason there is also only a 5% drop from the previous auction price ;(
SUSlowya
post May 3 2019, 01:59 PM

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30.6pc increase in unsold residential properties in M’sia

http://www.dailyexpress.com.my/news/134713...rties-in-m-sia/
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 ;(
*
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.
Harry_Bobinski
post May 3 2019, 05:58 PM

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This one seems like not too bad

No 25 Jalan BS 1, Taman Bukit Segar KL
2.5 stry Terrace house, corner lot
Auction Price: RM 891,000.00
Bank Value: RM1.1m
Auction Date: 19 June 2019
Tenure: Leasehold
Built up/Land Area: 3,685/4,036 sq.ft

No 2A Jalan 33/157B, Kemuning Avenue, Kota Kemuning
2 stry Semi D
Auction Price: RM 950,000.00
Bank Value: RM1.17m
Auction Date: 8 May 2019
Tenure: Leasehold
Built up/Land Area: 3,035 sq.ft
lollipopkan
post May 4 2019, 04:23 AM

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QUOTE(AskarPerang @ Apr 24 2019, 06:54 PM)
Thanks for the support.  notworthy.gif
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.
Any budget?
High rise or landed?

Many new airbnb high rise enter lelong in Melaka around Kota Laksamana Jaya area. If you are interested.
*
Please do update me on the maisson one, thanks!
barca96
post May 4 2019, 08:33 AM

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QUOTE(AskarPerang @ Apr 28 2019, 07:46 PM)
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.
*
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
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
*
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
barca96
post May 6 2019, 02:46 AM

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Thank you very much for your advice AskarPerang.
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.
NZelectric00
post May 12 2019, 10:31 AM

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Awesome stuff rclxms.gif

tyaraleia P
post May 17 2019, 12:04 PM

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Any new unit available for lelong? Klang Valley
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
*
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
pcGeeK
post May 19 2019, 12:46 AM

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Thanks for the informative post... good for newbies like me..

Interested in Kota Warisan area.. smile.gif
Xaphier
post May 26 2019, 11:48 AM

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Thanks for the informative thread, definitely worth pinning to the top. Do keep the 1st page updated with new listing and auction results.

This post has been edited by Xaphier: May 26 2019, 11:49 AM
jayko
post May 29 2019, 01:03 PM

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good info from askertupai
GrIM
post May 30 2019, 03:24 PM

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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?
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?
*
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.
dinox
post Jun 3 2019, 11:16 AM

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what's the latest auction listing?
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
*
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.
*
QUOTE(dinox @ Jun 3 2019, 11:16 AM)
what's the latest auction listing?
*
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... «
LimauKering
post Jun 3 2019, 02:13 PM

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QUOTE(AskarPerang @ Jun 3 2019, 02:01 PM)
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... «

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.
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.
*
Yeah Sutera Damansara bearing PJ address but actually located deep inside Damansara Damai (low cost area).

playboy88
post Jun 4 2019, 02:32 AM

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great post bro, aim an auction unit now, might need your services very soon.
caringlove P
post Jun 5 2019, 03:49 PM

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QUOTE(torres09 @ Jan 3 2019, 12:41 AM)
Thanks boss, a bit sceptical on Semenyih for own stay. But will keep an eye for that area.
If buy lelong props can withdraw EPF?
*
Why dun buy new property already completed almost same price
Harry_Bobinski
post Jun 13 2019, 09:52 AM

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QUOTE(AskarPerang @ Jun 3 2019, 02:01 PM)
No bidder yet again.

3 storey terrace house. Gated and guarded.
Subsale transaction above 1M: https://www.brickz.my/transactions/resident...t-jalil/landed/

8, Jalan Tiara 4, Mutiara Bukit Jalil, Bukit Jalil, 58200 Kuala Lumpur
Reserve price 🔥🔥RM 838,350🔥🔥
Freehold
Land area: 1400 sqft
Built up: 2495 sqft
Opposite not facing any house, empty field (padang)
Auction:  Pending lelong date (in June or Jul)
*Occupied/Vacant: Occupied by Owner

First auction price was at 1.15M.

House actual image:
» Click to show Spoiler - click again to hide... «


------------------------------------------------

Cheap lelong house check in.
Owner want to sell 1M++ in the subsale market.
Lelong price as below:

6, Jalan DU 4/1, Kinrara Residence, Taman Damai Utama, 47180 Puchong, Selangor
Reserve price 🔥🔥RM 810,000🔥🔥
Leasehold until 2108
Land area: 1650 sqft
Built up: 2932 sqft
Auction:  15 Jul 19 (Wed)
*Vacant unit

Actual unit pics refer this subsale ads (yes is the same house): https://www.propertyguru.com.my/property-li...ulkoad-29129684


[/spoiler]
*
The MBJ house is actually Phase 1 house. I am unsure as to what is the latest transaction for Phase 1 houses but the latest transactions refer to houses that are built in Phase 3 (larger sizes)

As for Kinrara Residence, it is noteworthy that this unit is a Mahajaya unit, therefore you will need to apply for clubhouse access (additional RM150/month) on top of the RM150/month you pay to the security guard. Good thing about this unit is that you can shout from your front yard and the guards can hear you and you can have visitors parking in front of your house as the house is facing a divider. Overall, it is a good snatch for own stay. I would have bought this if I didn't purchase a subsale house in BK9 before auction date.

This post has been edited by Harry_Bobinski: Jun 13 2019, 09:53 AM
SUSDaylight2018
post Jun 17 2019, 12:57 AM

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Good thread
Noticed there is downward trend in prop price
kimio77
post Jun 17 2019, 02:29 AM

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park
theeastdevil
post Jun 19 2019, 12:24 PM

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wondering why this unit hard to sell?

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

*
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
meors
post Jun 19 2019, 08:15 PM

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Any advice for Bungalows? Preferably near to KL but outskirts (Saujana Impian, Kajang, Sg Buloh, etc.)
sweethelwa
post Jun 23 2019, 02:56 PM

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QUOTE(AskarPerang @ Dec 22 2018, 12:10 PM)
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).
*
Cool post , thanks for sharing. Keep updating, i might be ur client one day
alandhw
post Jun 24 2019, 01:47 PM

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The bumi lot auction unit is open for public or limited to bumi only?
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?
*
Only for bumi buyer.
No matter how many rounds re-auction without any taker, the unit will still remain exclusive for bumi buyer only.
WahBiang
post Jun 24 2019, 11:00 PM

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QUOTE(AskarPerang @ Jun 19 2019, 12:58 PM)
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.
*
sold???
TSAskarPerang
post Jun 24 2019, 11:10 PM

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QUOTE(WahBiang @ Jun 24 2019, 11:00 PM)
sold???
*
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.
WahBiang
post Jun 25 2019, 12:15 AM

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QUOTE(AskarPerang @ Jun 24 2019, 11:10 PM)
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.
*
Those auction to high court against those not going thru court, any difference???
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???
*
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.
SUSlowya
post Jun 26 2019, 09:45 AM

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QUOTE(AskarPerang @ Jun 24 2019, 01:49 PM)
Only for bumi buyer.
No matter how many rounds re-auction without any taker, the unit will still remain exclusive for bumi buyer only.
*
can bumi buy non-bumi lots?
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?
*
Yes.
SUSlowya
post Jun 26 2019, 05:29 PM

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QUOTE(AskarPerang @ Jun 26 2019, 05:26 PM)
Yes.
*
if bumi can buy non-bumi lot, why did we call it non-bumi lots?
55665566
post Jun 26 2019, 05:39 PM

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QUOTE(lowya @ Jun 26 2019, 05:29 PM)
if bumi can buy non-bumi lot, why did we call it non-bumi lots?
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welcome to malaysia!
how r u doing rclxms.gif
swissalto
post Jun 26 2019, 07:24 PM

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QUOTE(lowya @ Jun 26 2019, 05:29 PM)
if bumi can buy non-bumi lot, why did we call it non-bumi lots?
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Don't ask too much or you will be asked to go back to China India or where ever.

Welcome to Malaysia whistling.gif
jason_chee
post Jun 30 2019, 12:12 AM

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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.
P911GT1 P
post Jun 30 2019, 10:36 PM

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thanks for the info (^^)
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.
*
Yes agree and is a waste of time to wait for price drop round after round.
chavala88
post Jun 30 2019, 11:57 PM

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mantap!!!
swissalto
post Jul 1 2019, 02:36 AM

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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.
*
Is this common in auction? Or rather its a hint that the market is picking up?
mattsynyster
post Jul 1 2019, 11:09 AM

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adhoc
post Jul 7 2019, 04:47 AM

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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.
*
Was interested on this as well lucky didn’t wait for it
Xaphier
post Jul 11 2019, 11:30 AM

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I have been on the lookout for lelong properties in the past few months. Thanks for the update so far.

I have a question, can I assume most lelong property has its maintenance fees (if applicable) many months in arrears? Since most lelong units are defaulter, I assume the same apply for the maintenance fees, right?

A 1-2 years arrears in maintenance can easily goes up to 5 figures.

This post has been edited by Xaphier: Jul 11 2019, 11:37 AM
TSAskarPerang
post Jul 11 2019, 11:54 AM

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QUOTE(Xaphier @ Jul 11 2019, 11:30 AM)
I have been on the lookout for lelong properties in the past few months. Thanks for the update so far.

I have a question, can I assume most lelong property has its maintenance fees (if applicable) many months in arrears? Since most lelong units are defaulter, I assume the same apply for the maintenance fees, right?

A 1-2 years arrears in maintenance can easily goes up to 5 figures.
*
Yes refer to the POS.
Majority bank cover the outstanding maintenance fees up to thd date of auction. Some bank partial. And some bank no cover at all.
Xaphier
post Jul 11 2019, 12:40 PM

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QUOTE(AskarPerang @ Jul 11 2019, 11:54 AM)
Yes refer to the POS.
Majority bank cover the outstanding maintenance fees up to thd date of auction. Some bank partial. And some bank no cover at all.
*
Ah this information is also on the first page, I must have missed it, my bad. Thanks for the information. I will contact you if I see potential unit. Thanks.
goon221
post Jul 11 2019, 08:24 PM

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Post #1405
I have just bought an auctiom house. I understand from the neighbour, nobody is staying there for at least 2 years.
Not able to contact the owner.

There is a car inside the house.

Any opinion on what i should do with the car?
Zavia/GenX
post Jul 21 2019, 01:27 AM

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QUOTE(goon221 @ Jul 11 2019, 08:24 PM)
Post #1405
I have just bought an auctiom house. I understand from the neighbour, nobody is staying there for at least 2 years.
Not able to contact the owner.

There is a car inside the house.

Any opinion on what i should do with the car?
*
Probably ask the lawyer whos handling for free legal advice. Who knows, house may come with the car depending on the documents, haha.

Eitherway I know for sure you should not damage or sell it.

Worse case have it towed as its "trespassing". Maybe call the number at:
http://www.dbkl.gov.my/index.php?option=co...mid=277&lang=en
LimauKering
post Jul 22 2019, 09:25 AM

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QUOTE(goon221 @ Jul 11 2019, 08:24 PM)
Post #1405
I have just bought an auctiom house. I understand from the neighbour, nobody is staying there for at least 2 years.
Not able to contact the owner.

There is a car inside the house.

Any opinion on what i should do with the car?
*
get the majlis to remove it. but maybe at the meantime, call some workshop to unlock it (if it is locked) and move it out of your compound to a safe roadside parking, and then contact the majlis.
FirstNoob
post Jul 23 2019, 11:49 AM

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Looking for Kepong, PJ, Jalan Ipoh area. Previously attended Ecosky auction but failed..
pohhuai91
post Jul 24 2019, 04:23 PM

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post Jul 24 2019, 04:23 PM

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post Jul 26 2019, 01:29 AM

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QUOTE(Zavia/GenX @ Jul 21 2019, 01:27 AM)
Probably ask the lawyer whos handling for free legal advice. Who knows, house may come with the car depending on the documents, haha.

Eitherway I know for sure you should not damage or sell it.

Worse case have it towed as its "trespassing". Maybe call the number at:
http://www.dbkl.gov.my/index.php?option=co...mid=277&lang=en
*
Expected, my lawyer advises me to tow it away. I am thinking if there is any other informal "ways" for my benefit. 🤣🤣The car still worth around RM15K.
LimauKering
post Jul 26 2019, 09:36 AM

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QUOTE(goon221 @ Jul 26 2019, 01:29 AM)
Expected, my lawyer advises me to tow it away. I am thinking if there is any other informal "ways" for my benefit. 🤣🤣The car still worth around RM15K.
*
may i know what car is it? i may know someone who can help get rid of it.
malaysiathegreat
post Jul 27 2019, 05:39 PM

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im looking auction units in jalan ipoh, maluri, cochrane. Kampung Batu. Thanks.
SUSKaD1GO
post Aug 1 2019, 03:35 PM

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I'm looking for units in Sg Buloh / Kepong. Thanks.
SUSAllnGap
post Aug 1 2019, 03:43 PM

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can help me check if there's unit at Scott Garden ?
Thanks
TSAskarPerang
post Aug 1 2019, 07:21 PM

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QUOTE(KaD1GO @ Aug 1 2019, 03:35 PM)
I'm looking for units in Sg Buloh / Kepong. Thanks.
*
The Henge? Newly completed.
2 units in the market at the moment.
1100sqft and 1300sqft.

QUOTE(AllnGap @ Aug 1 2019, 03:43 PM)
can help me check if there's unit at Scott Garden ?
Thanks
*
No unit from Scott Garden at the moment.
But got like 3-4 units from Verve Suite located just beside Scott Garden. All above 600k still.
SUSAllnGap
post Aug 1 2019, 07:23 PM

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QUOTE(AskarPerang @ Aug 1 2019, 07:21 PM)
The Henge? Newly completed.
2 units in the market at the moment.
1100sqft and 1300sqft.
No unit from Scott Garden at the moment.
But got like 3-4 units from Verve Suite located just beside Scott Garden. All above 600k still.
*
Okay, thanks
WahBiang
post Aug 4 2019, 08:30 PM

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how about any landed property within Klang Valley area? say 30km max from KLCC...
TSAskarPerang
post Aug 4 2019, 09:24 PM

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QUOTE(WahBiang @ Aug 4 2019, 08:30 PM)
how about any landed property within Klang Valley area? say 30km max from KLCC...
*
This unit maybe: https://www.lelongtips.com.my/property/5888...ur-for-RM948000

Almost half price.
Formerly a kindergarten but no longer operating.
Owner want sell at 1.89M 2 years ago, until now still fail to find any buyer.
WahBiang
post Aug 4 2019, 11:07 PM

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QUOTE(AskarPerang @ Aug 4 2019, 09:24 PM)
This unit maybe: https://www.lelongtips.com.my/property/5888...ur-for-RM948000

Almost half price.
Formerly a kindergarten but no longer operating.
Owner want sell at 1.89M 2 years ago, until now still fail to find any buyer.


*
A bit overbudget.. 700k n below??
TSAskarPerang
post Aug 5 2019, 08:57 PM

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QUOTE(WahBiang @ Aug 4 2019, 11:07 PM)
A bit overbudget.. 700k n below??
*
This? https://www.lelongtips.com.my/property/5929...ur-for-RM437400

20x65 single storey freehold house.
Drop from 1st auction price of 600k. Now is at 4th round.
Bandar Sri Damansara, still under KL address. Within 20km to KL City Center.
1.3km to Kepong Sentral KTM and future will intergrate with MRT2 as well over there.

Rental fetching RM1200: https://www.propertyguru.com.my/property-li...en-tan-27635795
WahBiang
post Aug 5 2019, 09:00 PM

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QUOTE(AskarPerang @ Aug 5 2019, 08:57 PM)
This? https://www.lelongtips.com.my/property/5929...ur-for-RM437400

20x65 single storey freehold house.
Drop from 1st auction price of 600k. Now is at 4th round.
Bandar Sri Damansara, still under KL address. Within 20km to KL City Center.
1.3km to Kepong Sentral KTM and future will intergrate with MRT2 as well over there.

Rental fetching RM1200: https://www.propertyguru.com.my/property-li...en-tan-27635795
*
A bit too old... Need safer area...
jason_chee
post Aug 6 2019, 07:29 AM

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QUOTE(swissalto @ Jul 1 2019, 02:36 AM)
Is this common in auction? Or rather its a hint that the market is picking up?
*
I doubt it's the market price reflection. It's more like the owner or someone managed to talk to the bank and get it settle out backend.
eh2001
post Aug 18 2019, 05:10 AM

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Thanks AskarPerang for the great list and update!
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post Aug 18 2019, 06:35 PM

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QUOTE(WahBiang @ Aug 5 2019, 09:00 PM)
A bit too old... Need safer area...
*
Guess you should be familiar with this area.
Cheap renovated lelong house check in.
Only con is owner occupied unit.

At Fairview international school, Seksyen 6, Wangsa Maju. Local community set up guard post at the entrance/exit from this area.
Corner lot house.
Bank value at 1.05M.
Title process settled.

146, Jalan 1/27D, Seksyen 6, Bandar Baru Wangsa Maju
Reserve price 🔥RM 765,450🔥
Leasehold until 2090
Corner lot land size: 30"X80" = 2400sqft
Auction: 28-Aug-2019 (Wed)
*Owner occupied house

user posted image
WahBiang
post Aug 18 2019, 07:58 PM

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QUOTE(AskarPerang @ Aug 18 2019, 06:35 PM)
Guess you should be familiar with this area.
Cheap renovated lelong house check in.
Only con is owner occupied unit.

At Fairview international school, Seksyen 6, Wangsa Maju. Local community set up guard post at the entrance/exit from this area.
Corner lot house.
Bank value at 1.05M.
Title process settled.

146, Jalan 1/27D, Seksyen 6, Bandar Baru Wangsa Maju
Reserve price 🔥RM 765,450🔥
Leasehold until 2090
Corner lot land size: 30"X80" = 2400sqft
Auction:  28-Aug-2019 (Wed)
*Owner occupied house

user posted image
*
hmmm, got owner then diff story... nvr visited the place b4...
cK9699 P
post Aug 19 2019, 12:01 PM

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tangenttheta
post Aug 24 2019, 09:00 PM

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Hi. Any residences for sale in seri kembangan/ alor setar worth for investment or own stay?
birdler P
post Aug 25 2019, 02:49 AM

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parking....looking for my affordable house
RaineL
post Aug 29 2019, 03:51 PM

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Parking. Looking for good address for investment.
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post Aug 30 2019, 10:48 PM

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QUOTE(AskarPerang @ Aug 18 2019, 06:35 PM)
Guess you should be familiar with this area.
Cheap renovated lelong house check in.
Only con is owner occupied unit.

At Fairview international school, Seksyen 6, Wangsa Maju. Local community set up guard post at the entrance/exit from this area.
Corner lot house.
Bank value at 1.05M.
Title process settled.

146, Jalan 1/27D, Seksyen 6, Bandar Baru Wangsa Maju
Reserve price 🔥RM 765,450🔥
Leasehold until 2090
Corner lot land size: 30"X80" = 2400sqft
Auction:  28-Aug-2019 (Wed)
*Owner occupied house

user posted image
*
QUOTE(WahBiang @ Aug 18 2019, 07:58 PM)
hmmm, got owner then diff story... nvr visited the place b4...
*
House sold at reserve price 765k. Single bidder win.
Good catch and good luck dealing with the owner. thumbsup.gif
myroy
post Aug 31 2019, 01:43 AM

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is there any apartment/flat under 100k or at least 150k nearby LRT/MRT or future MRT2?
upmgunner
post Sep 4 2019, 06:58 PM

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Looking for dstorey with min size 3000 sf...new unit or unit below 5yrs.budget around 700k .place cincai see first
SUSSteven Hoi
post Sep 7 2019, 02:50 PM

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Looking for lelong near setiawangsa
3536837
post Sep 8 2019, 11:39 PM

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hey bro , interested to join the auction.

can please keep me update the list and the sop of joining the auction ?

thanks
christ14
post Sep 11 2019, 02:43 PM

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Cheras damai perdana 2 storey house (intermediate unit)

27, Jalan Damai Perdana 9/2J, Bandar Damai Perdana, 56000 Cheras
Reserve price 🔥🔥RM 473,850🔥🔥
Freehold
Land area: 1300 sqft (20"X65")
Auction: Pending lelong date (in June or Jul)
*Vacant unit

this one intrigues me
kinwawa
post Sep 11 2019, 03:05 PM

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QUOTE(christ14 @ Sep 11 2019, 02:43 PM)
Cheras damai perdana 2 storey house (intermediate unit)

27, Jalan Damai Perdana 9/2J, Bandar Damai Perdana, 56000 Cheras
Reserve price 🔥🔥RM 473,850🔥🔥
Freehold
Land area: 1300 sqft (20"X65")
Auction: Pending lelong date (in June or Jul)
*Vacant unit

this one intrigues me
*
this one not bad wo
christ14
post Sep 11 2019, 04:54 PM

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QUOTE(kinwawa @ Sep 11 2019, 03:05 PM)
this one not bad wo
*
Ya wonder how much dp

Not so many cash lol
TSAskarPerang
post Sep 11 2019, 11:33 PM

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QUOTE(christ14 @ Sep 11 2019, 02:43 PM)
Cheras damai perdana 2 storey house (intermediate unit)

27, Jalan Damai Perdana 9/2J, Bandar Damai Perdana, 56000 Cheras
Reserve price 🔥🔥RM 473,850🔥🔥
Freehold
Land area: 1300 sqft (20"X65")
Auction: Pending lelong date (in June or Jul)
*Vacant unit

this one intrigues me
*
QUOTE(kinwawa @ Sep 11 2019, 03:05 PM)
this one not bad wo
*
Attracted 25 bidders total the other day.
Sold at 560k. rclxub.gif
christ14
post Sep 11 2019, 11:40 PM

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QUOTE(AskarPerang @ Sep 11 2019, 11:33 PM)
Attracted 25 bidders total the other day.
Sold at 560k.  rclxub.gif
*
ugh... too bad bangwall.gif
55665566
post Sep 12 2019, 07:35 AM

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QUOTE(christ14 @ Sep 11 2019, 04:54 PM)
Ya wonder how much dp

Not so many cash lol
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QUOTE(christ14 @ Sep 11 2019, 11:40 PM)
ugh... too bad bangwall.gif
*
Lol takde dp but still targeting auction unit.
Susah la org skrg
christ14
post Sep 12 2019, 01:05 PM

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QUOTE(55665566 @ Sep 12 2019, 07:35 AM)
Lol takde dp but still targeting auction unit.
Susah la org skrg
*
Not so many doesnt mean dont have

But ok u win. Constructive and helpful post
WahBiang
post Sep 15 2019, 08:32 PM

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QUOTE(AskarPerang @ Dec 22 2018, 12:10 PM)
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... «

*
Waiting for more landed property that might suits me...
eecmlib
post Sep 19 2019, 08:37 PM

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QUOTE(WahBiang @ Sep 15 2019, 08:32 PM)
Waiting for more landed property that might suits me...
*
hope thi semi-D 4455sft fix you
wos
post Sep 19 2019, 08:47 PM

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WahBiang
post Sep 19 2019, 08:58 PM

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QUOTE(eecmlib @ Sep 19 2019, 08:37 PM)
hope thi semi-D 4455sft fix you
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of cos suit me just not my pocket...
upmgunner
post Sep 21 2019, 03:00 PM

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Usually take how long for the second bid ya
TSAskarPerang
post Sep 21 2019, 11:24 PM

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QUOTE(upmgunner @ Sep 21 2019, 03:00 PM)
Usually take how long for the second bid ya
*
Those already got title property (perfection completed), auction at high court or land office, the duration for re-auction will be between 3 to 6 months interval.

Those master title property of title issued but perfection not done, normal auction at public auction hall or hotel, the duration for re-auction will be between 2 weeks to 1 month (some even 2-3 months) time depending how active the banks. Here few schedule:

CIMB - 3 weeks once
Ambank / Alliance - 2 weeks once
MBSB / UOB / OCBC / HLBB / RHB / HSBC - monthly
spirit3510
post Sep 30 2019, 10:55 AM

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normally subsale property need to pay Legal fee and Stamp duty for S&P and Loan, how about lelong unit? still need S&P?
TSAskarPerang
post Sep 30 2019, 06:21 PM

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QUOTE(spirit3510 @ Sep 30 2019, 10:55 AM)
normally subsale property need to pay Legal fee and Stamp duty for S&P and Loan, how about lelong unit? still need S&P?
*
Yes legal fees and stamp duty is the same as buying a subsale property.
And probably legal fees will be slight lower coz no need to do S&P. Just Deed of Assignment.
pinnacle999
post Sep 30 2019, 10:20 PM

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QUOTE(AskarPerang @ Sep 30 2019, 06:21 PM)
Yes legal fees and stamp duty is the same as buying a subsale property.
And probably legal fees will be slight lower coz no need to do S&P. Just Deed of Assignment.
*
What are the key risks in buying lelong units? Need to prepare how much cash as % of property price?
Any difference if the title is perfection or not?
TSAskarPerang
post Oct 10 2019, 11:37 PM

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QUOTE(pinnacle999 @ Sep 30 2019, 10:20 PM)
What are the key risks in buying lelong units? Need to prepare how much cash as % of property price?
Any difference if the title is perfection or not?
*
Risk:
1. Cannot check or know inside condition of the unit.
2. Possible double transfer if individual or strata title already issued by the developer but perfection not done. Developer disagree to direct transfer to you.
3. Hard to get loan if you buy a property that is more than 10 years still under master title. Example: Lagoon Perdana, Flora Damansara, etc.
and many more actually. Case by case basis.

Title is perfected and the title is clean, will be the most ideal situation coz name transfer will no longer depend on the developer (or liquidator if developer bankrupt)


Cash in hand:
10% as downpayment, balance 90% from bank loan (for your 1st & 2nd property)
5% as legal fees, stamp duty, valuation fees (some bank allow this to be partially included into the loan)

potenza10
post Oct 11 2019, 01:14 PM

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for flat/apt which is still under master title, is it enough if we just do carian with pejabat tanah?

It is unlikely to have any encumbrances if still under master title?

This post has been edited by potenza10: Oct 11 2019, 01:16 PM
pinnacle999
post Oct 11 2019, 07:53 PM

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QUOTE(AskarPerang @ Oct 10 2019, 11:37 PM)
Risk:
1. Cannot check or know inside condition of the unit.
2. Possible double transfer if individual or strata title already issued by the developer but perfection not done. Developer disagree to direct transfer to you. 
3. Hard to get loan if you buy a property that is more than 10 years still under master title. Example: Lagoon Perdana, Flora Damansara, etc.
and many more actually. Case by case basis.

Title is perfected and the title is clean, will be the most ideal situation coz name transfer will no longer depend on the developer (or liquidator if developer bankrupt)
Cash in hand:
10% as downpayment, balance 90% from bank loan (for your 1st & 2nd property)
5% as legal fees, stamp duty, valuation fees (some bank allow this to be partially included into the loan)
*
Thanks a lot! What do you mean by title perfection is completed? Once strate title is issued considered title perfection?
keith_hjinhoh
post Oct 14 2019, 02:34 PM

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QUOTE(AskarPerang @ Oct 10 2019, 11:37 PM)
Risk:
1. Cannot check or know inside condition of the unit.
2. Possible double transfer if individual or strata title already issued by the developer but perfection not done. Developer disagree to direct transfer to you. 
3. Hard to get loan if you buy a property that is more than 10 years still under master title. Example: Lagoon Perdana, Flora Damansara, etc.
and many more actually. Case by case basis.

Title is perfected and the title is clean, will be the most ideal situation coz name transfer will no longer depend on the developer (or liquidator if developer bankrupt)
Cash in hand:
10% as downpayment, balance 90% from bank loan (for your 1st & 2nd property)
5% as legal fees, stamp duty, valuation fees (some bank allow this to be partially included into the loan)
*
hey bro

if landed usually is individual title isn't it?

if owner is malay, land search no mention bumi lot, means non-bumi can buy?

any agent to recommend for land search?

This post has been edited by keith_hjinhoh: Oct 14 2019, 02:35 PM
TSAskarPerang
post Oct 22 2019, 10:55 PM

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QUOTE(pinnacle999 @ Oct 11 2019, 07:53 PM)
Thanks a lot! What do you mean by title perfection is completed? Once strate title is issued considered title perfection?
*
Once individual title or strata title is issued by the developer to the owner, you must appoint lawyer to help to transfer the title to your name and also pay the stamp duty MOT cost.
Majority lelong unit owner got no money to pay because the cost is not cheap.
So the process is incomplete, hence the term perfection not done or not completed yet.

In order to buy such "hanging" incomplete title property, must depend on the developer whether they allow direct transfer to your name straight. Some developer allow free of charge. Some developer allow but you must pay them certain "admin fees" but it is still worth it compare to double transfer process.

If developer disallow direct transfer, then you need to "help" the default owner complete the perfection process first. Pay the legal fees and MOT for the default owner. Once completed, then only you do another name transfer to your name, paying another time the legal fees and MOT. This is known as double transfer.
pinnacle999
post Oct 24 2019, 11:36 PM

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QUOTE(AskarPerang @ Oct 22 2019, 10:55 PM)
Once individual title or strata title is issued by the developer to the owner, you must appoint lawyer to help to transfer the title to your name and also pay the stamp duty MOT cost.
Majority lelong unit owner got no money to pay because the cost is not cheap.
So the process is incomplete, hence the term perfection not done or not completed yet.

In order to buy such "hanging" incomplete title property, must depend on the developer whether they allow direct transfer to your name straight. Some developer allow free of charge. Some developer allow but you must pay them certain "admin fees" but it is still worth it compare to double transfer process.

If developer disallow direct transfer, then you need to "help" the default owner complete the perfection process first. Pay the legal fees and MOT for the default owner. Once completed, then only you do another name transfer to your name, paying another time the legal fees and MOT. This is known as double transfer.
*
Wow thank you so much for explanation!
swissalto
post Oct 25 2019, 05:32 PM

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QUOTE(AskarPerang @ Oct 22 2019, 10:55 PM)
If developer disallow direct transfer, then you need to "help" the default owner complete the perfection process first. Pay the legal fees and MOT for the default owner. Once completed, then only you do another name transfer to your name, paying another time the legal fees and MOT. This is known as double transfer.
*
Why the developer can be allowed to decide whether to allow or to disallow for a direct transfer to be performed?
TSAskarPerang
post Oct 25 2019, 06:48 PM

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QUOTE(swissalto @ Oct 25 2019, 05:32 PM)
Why the developer can be allowed to decide whether to allow or to disallow for a direct transfer to be performed?
*
Should not allow direct transfer actually. So that stamp duty (tax payable to the government) must be paid up in every purchase of the property.

But this is bolehland. Still got loophole to bypass the system which is by “kaotim” with the developer for direct transfer. So can escape paying the first transfer stamp duty MOT.
agusid
post Oct 26 2019, 06:37 AM

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just want to find out where you got all lelong unit? any website?
swissalto
post Oct 27 2019, 05:52 AM

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QUOTE(AskarPerang @ Oct 25 2019, 06:48 PM)
Should not allow direct transfer actually. So that stamp duty (tax payable to the government) must be paid up in every purchase of the property.

But this is bolehland. Still got loophole to bypass the system which is by “kaotim” with the developer for direct transfer. So can escape paying the first transfer stamp duty MOT.
*
Thanks for the explanation!
silrave
post Nov 18 2019, 01:38 AM

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hi
i am new in property
should invest on a good project property
or just hunt for lelong unit?
TSAskarPerang
post Nov 18 2019, 01:55 AM

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QUOTE(silrave @ Nov 18 2019, 01:38 AM)
hi
i am new in property
should invest on a good project property
or just hunt for lelong unit?
*
Got pro and con. Very much depending on your money and risk appetite.

New project
- Lower entry cost. Example, can just pay 1k to secure a unit. Rest finance in loan.
- Legal fees borne by developer.
- Need few years to complete while paying progressive interest according to construction stage.
- Unknown end product. All base on artist impression / scale model / marketing brochure etc.

Subsale or Lelong
- Require higher cash in hand. Need 10% downpayment.
- Need own pay legal fees (and stamp duty).
- Completed unit. You can go see, look and feel the property and its surrounding or the view. (But for lelong unit, just able to view from outside, inside condition will be unknown).


taurean
post Nov 18 2019, 02:09 AM

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more and more properties are listed in auction.
apart from the location consideration, any other factors that need to be considered?
also, will the auction's transacted price be bank reference for further consideration if the same apartment block is to be on sale later? as part of the property evaluation?
TSAskarPerang
post Nov 18 2019, 03:04 AM

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QUOTE(taurean @ Nov 18 2019, 02:09 AM)
more and more properties are listed in auction.
apart from the location consideration, any other factors that need to be considered?
also, will the auction's transacted price be bank reference for further consideration if the same apartment block is to be on sale later? as part of the property evaluation?
*
- Location. Far away in the middle of nowhere place such as Savanna Executive Suites by Mah Sing or landed property then is Bandar Hillpark by MKH. Even Eco Majestic also not able to escape from lelong.
- Price. Maybe got high cash back last time. Bought at wrong price (overprice) such as Verve Suite OKR, M City or majority Cyberjaya condo. Can read back the thread in the forum here, some people even said is cheap launching price during that time. So got people end up buying straight many units in a go.
- High density project. Such as KL Traders Square and Savanna. Rent or sell also got competition. That's why never ending lelong.

Lelong transacted history will not show up or appear in JPPH record. I got no idea why.
silrave
post Nov 18 2019, 06:09 PM

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QUOTE(AskarPerang @ Nov 18 2019, 01:55 AM)
Got pro and con. Very much depending on your money and risk appetite. 

New project
- Lower entry cost. Example, can just pay 1k to secure a unit. Rest finance in loan.
- Legal fees borne by developer.
- Need few years to complete while paying progressive interest according to construction stage.
- Unknown end product. All base on artist impression / scale model / marketing brochure etc.

Subsale or Lelong
- Require higher cash in hand. Need 10% downpayment.
- Need own pay legal fees (and stamp duty).
- Completed unit. You can go see, look and feel the property and its surrounding or the view. (But for lelong unit, just able to view from outside, inside condition will be unknown).
*
ok
explanation in detail
just wonder if like that,
example i see the unit i lelong bid get the unit
after pay 10% then other also pay by house loan right
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post Nov 18 2019, 06:16 PM

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QUOTE(silrave @ Nov 18 2019, 06:09 PM)
ok
explanation in detail
just wonder if like that,
example i see the unit i lelong bid get the unit
after pay 10% then other also pay by house loan right
*
Not all bank allow you to finance legal fees (including stamp duty) and valuation fees into the loan.
To be on the safe side, is 10% downpayment and another 5% for legal fees and stamp duty. For subsale/lelong property.

Plus for lelong, case by case basis. Yes will have additional cost that required more cash in hand.

This post has been edited by AskarPerang: Nov 18 2019, 06:17 PM
silrave
post Nov 18 2019, 06:30 PM

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QUOTE(AskarPerang @ Nov 18 2019, 06:16 PM)
Not all bank allow you to finance legal fees (including stamp duty) and valuation fees into the loan.
To be on the safe side, is 10% downpayment and another 5% for legal fees and stamp duty. For subsale/lelong property.

Plus for lelong, case by case basis. Yes will have additional cost that required more cash in hand.
*
wow
thanks si fu
let me know more drool.gif drool.gif
cause beginner
dunno go for which
silrave
post Nov 19 2019, 02:14 AM

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AskarPerang if budget 4xxk to aim new property to investment
prefer lelong unit or new unit?
malaysiathegreat
post Nov 19 2019, 11:57 PM

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How much cash u can afford to fork out if ur budget is 400k?
No cash, then chances are u can buy new launch which is not cash heavy.

Cash rich, then can consider lelong coz typically can get deal 20-30% below sub sale.

Most importantly, the location have to be good.
bouncy
post Dec 1 2019, 09:15 AM

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parking
jason83
post Dec 15 2019, 11:08 AM

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QUOTE(AskarPerang @ Jan 3 2019, 11:03 AM)
Yes. Provided you got such amount of money inside.
*
Boss, I thought the withdrawal limit is house price - loan amount + 10%?

So if I take 450k loan, I am only eligible for 55k withdrawal from EPF.

Is there a different rule for EPF withdrawal for lelong case?

Sorry one more question. You mentioned that beware of caveat for individual or strata title, what kind of caveats ya? Any examples?

Thanks!!

This post has been edited by jason83: Dec 15 2019, 11:09 AM
malaysiathegreat
post Dec 15 2019, 01:24 PM

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QUOTE(jason83 @ Dec 15 2019, 11:08 AM)
Boss, I thought the withdrawal limit is house price - loan amount + 10%?

So if I take 450k loan, I am only eligible for 55k withdrawal from EPF.

Is there a different rule for EPF withdrawal for lelong case?

Sorry one more question. You mentioned that beware of caveat for individual or strata title, what kind of caveats ya? Any examples?

Thanks!!
*
No different for EPF withdrawal for lelong units. After sign the POS bring it to EPF and can start the withdrawal process.

Caveats means 1 or more other party claims their interest on the said property and file a caveat via land office to prevent any selling/buying on the said property. you need to find out whats the reason for the caveat and deal with them. Mostly will be like the previous owner owe other bank, developer or LHDN money.
jason83
post Dec 15 2019, 01:49 PM

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QUOTE(malaysiathegreat @ Dec 15 2019, 01:24 PM)
No different for EPF withdrawal for lelong units. After sign the POS bring it to EPF and can start the withdrawal process.

Caveats means 1 or more other party claims their interest on the said property and file a caveat via land office to prevent any selling/buying on the said property. you need to find out whats the reason for the caveat and deal with them. Mostly will be like the previous owner owe other bank, developer or LHDN money.
*
Thanks for taking the time to explain!!
SUSAllnGap
post Jan 11 2020, 11:15 PM

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QUOTE(malaysiathegreat @ Nov 19 2019, 11:57 PM)
How much cash u can afford to fork out if ur budget is 400k?
No cash, then chances are u can buy new launch which is not cash heavy.

Cash rich, then can consider lelong coz typically can get deal 20-30% below sub sale.

Most importantly, the location have to be good.
*
Actually now got a lot of properties below bank market value.

Good locations with mature residents (older projects) are hard to find in lelong, while the one which is really cheap location is not nice and mostly high density new projects.

Most of the properties can buy back to 2012 prices.
Even if lelong maybe get back slightly lower than launching prices only.
soundworks
post Jan 21 2020, 02:09 AM

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is there a whatsapp group for all the updated lelong units?
TSAskarPerang
post Jan 21 2020, 01:13 PM

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QUOTE(soundworks @ Jan 21 2020, 02:09 AM)
is there a whatsapp group for all the updated lelong units?
*
Sorry currently no whatapps group. You can PM me area of interest and budget. I will recommend you the units.
Thanks. notworthy.gif
Lance XIII
post Jan 29 2020, 09:58 AM

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Hi Askar, does first time home buyer offer apply when buying lelong house? Am interested in that Kepongmas one
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post Jan 30 2020, 06:32 AM

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QUOTE(Lance XIII @ Jan 29 2020, 09:58 AM)
Hi Askar, does first time home buyer offer apply when buying lelong house? Am interested in that Kepongmas one
*
Yes first home buyer stamp duty exemption apply for residential title property price at below 500k. Can buy undercon, subsale or lelong unit. All will get the exemption.

user posted image
Lance XIII
post Feb 10 2020, 04:13 PM

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QUOTE(AskarPerang @ Jan 30 2020, 06:32 AM)
Yes first home buyer stamp duty exemption apply for residential title property price at below 500k. Can buy undercon, subsale or lelong unit. All will get the exemption.
Ah, sorry for the late reply but thanks so much for the info. In your earlier post, u mentioned that "MUST SETTLE WITHIN 90/120 DAYS. IF NOT FORFEIT THE 10% DEPOSIT". What exactly must be settled in that time period? Is it the 90% loan approval?

Also, may I request for some recommendation with these criteria?

1. Walkable/Near to Public Transport (MRT/LRT)
2. Areas that are convenient for me to travel to
- Kepong
- Sg. Buloh
- Damansara (Kota Damansara up to SS2) *Yes I'm aware its almost impossible to find one here haha
3. Budget: up to 400k
4. Non Bumi

Mainly for investment purpose hence prefer nearby areas.
jason83
post Feb 10 2020, 04:31 PM

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Hi Askar, is it normal for the bank not to pay the commission? And the agent to ask the buyer to pay them 2%?

How do I validate this?
TSAskarPerang
post Feb 12 2020, 11:06 PM

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QUOTE(Lance XIII @ Feb 10 2020, 04:13 PM)
Ah, sorry for the late reply but thanks so much for the info. In your earlier post, u mentioned that "MUST SETTLE WITHIN 90/120 DAYS. IF NOT FORFEIT THE 10% DEPOSIT". What exactly must be settled in that time period? Is it the 90% loan approval?

Also, may I request for some recommendation with these criteria?

1. Walkable/Near to Public Transport (MRT/LRT)
2. Areas that are convenient for me to travel to
- Kepong
- Sg. Buloh
- Damansara (Kota Damansara up to SS2) *Yes I'm aware its almost impossible to find one here haha
3. Budget: up to 400k
4. Non Bumi

Mainly for investment purpose hence prefer nearby areas.
*
Yes, paying the remaining 90% amount either by full cash or finance using loan. The auction bank just want that amount of money.
Any delay or extension is up to the auction bank whether to imposed penalty or not.
Some bank is okay lenient no penalty for extension.
Some bank is okay no penalty for extension provided you take loan under the same bank. Meaning for example Maybank auction, you take loan with Maybank.
Some bank really strict. No extension allowed. Mean you burnt the deposit straight if required more time.

Will PM you recommended unit base on your criteria.
Thanks.
dkcheong1127
post Feb 13 2020, 09:10 AM

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after i research a bit on auction, there have some case like before bidding, land search on the property got no caveat, but after won the auction and proceed to apply loan then saw there are new caveat on that property, you have any way can help buyer to avoid such situation ?
SUSAllnGap
post Feb 13 2020, 09:25 AM

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QUOTE(dkcheong1127 @ Feb 13 2020, 09:10 AM)
after i research a bit on auction, there have some case like before bidding, land search on the property got no caveat, but after won the auction and proceed to apply loan then saw there are new caveat on that property, you have any way can help buyer to avoid such situation ?
*
Thought banks will do all the due diligence ??
How can that happen ??

I see the biggest risk of lelong is that some title problems that cause 90% loan release to delay.
Then cause 10% deposit to be forfeited
nie96 P
post Feb 17 2020, 10:25 PM

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@AskarPerang, i am a newbie here looking for advise to get a property (auction/subsale/new launch) that walkable to lrt station to work in kl sentral.

Had read a lot of your valua post and wish to ask for help too.

1. Budget - Around 650k (if auction unit)

2. Non bumi

3. Size : best if 1+1 room

4. Must be within SAFE walking distance to public transport (mrt/lrt) as this is for my daughter.

Fyi, this is my first post. Lol
Thanks.
whitesmith
post Feb 20 2020, 01:37 AM

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Hi, I'm looking for a house to stay at sri petaling (landed /condo)

Currently looking on 8petaling / jalan radin Tengah 2 there.

1. Near sri petaling commercial area
2. Budget 600k +-
3. Non bumi

If got any unit update me 😁😁

This post has been edited by whitesmith: Feb 20 2020, 01:41 AM
ibnasad
post Feb 27 2020, 12:37 PM

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QUOTE(dkcheong1127 @ Feb 13 2020, 10:10 AM)
after i research a bit on auction, there have some case like before bidding, land search on the property got no caveat, but after won the auction and proceed to apply loan then saw there are new caveat on that property, you have any way can help buyer to avoid such situation ?
*
Yeah, could you advise on this?
smartcat24 P
post Apr 4 2020, 10:07 PM

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Hi

Any advise to get a property (auction/subsale/new launch) that walkable to MRT/LRT . For investment / Airbnb purpose
Looking for strategic location


1. Budget - 500k

2. Non bumi

3. Size : 3 room 2 bathroom
budak minyak
post Apr 7 2020, 12:20 PM

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Hi

Any advise to get a property (auction/subsale/new launch) in shah alam? For investment / Airbnb purpose with possibility of positive cashflow.


1. Budget - <400k

2. Bumi
abyone
post Apr 9 2020, 06:09 PM

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any h20 residence units for lelong?
Jitty
post Apr 12 2020, 10:07 PM

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QUOTE(AskarPerang @ Jan 21 2020, 01:13 PM)
Sorry currently no whatapps group. You can PM me area of interest and budget. I will recommend you the units.
Thanks.  notworthy.gif
*
hi askar perang, want to check with you is there any lelong units for double storey nearby Setia city area?

budget 600k
Tavia88
post Apr 23 2020, 10:18 PM

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QUOTE(AllnGap @ Feb 13 2020, 09:25 AM)
Thought banks will do all the due diligence ??
How can that happen ??

I see the biggest risk of lelong is that some title problems that cause 90% loan release to delay.
Then cause 10% deposit to be forfeited
*
For lelong properties, Bank would not do the due diligence. Its the buyer need to do their own due diligence. Its all stated in the Proclamation of Sales clearly that buyer bear their own risk. Thats the reason why alot investor say standby the cash if go for auction, in case unable to disburse your loan on time, can pay cash first, then once the caveat removed, can do refinancing.

Yes, even before auction checked no caveat, but once you bidded during transfer process can have a caveat if there is any private caveator with caveatable interest etc. it might happens.
SUSAllnGap
post Apr 23 2020, 10:32 PM

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QUOTE(Tavia88 @ Apr 23 2020, 10:18 PM)
For lelong properties, Bank would not do the due diligence. Its the buyer need to do their own due diligence. Its all stated in the Proclamation of Sales clearly that buyer bear their own risk. Thats the reason why alot investor say standby the cash if go for auction, in case unable to disburse your loan on time, can pay cash first, then once the caveat removed, can do refinancing.

Yes, even before auction checked no caveat, but once you bidded during transfer process can have a caveat if there is any private caveator with caveatable interest etc. it might happens.
*
sweat, damn risky if suddenly loan delay / title delay or caveat happens
Tavia88
post Apr 24 2020, 03:37 AM

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QUOTE(AllnGap @ Apr 23 2020, 10:32 PM)
sweat, damn risky if suddenly loan delay / title delay or caveat happens
*
Yups. Thats why normally due diligence is very important in Auction Property Purchases.
WahBiang
post May 1 2020, 12:28 AM

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Any brand new property in auction, 30% below market value in KL area?
- above 1.2k sf
- 3R2B
- 2c.p.
- non-bumi lot
- freehold / 90yrs+ leasehold
- residential condo
TSAskarPerang
post May 1 2020, 10:09 AM

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QUOTE(WahBiang @ May 1 2020, 12:28 AM)
Any brand new property in auction, 30% below market value in KL area?
- above 1.2k sf
- 3R2B
- 2c.p.
- non-bumi lot
- freehold / 90yrs+ leasehold
- residential condo
*
This unit: https://forum.lowyat.net/index.php?showtopi...post&p=95740978

Wait for reauction after MCO ends.
Latest reserve price of the unit is RM467,200
Bank value 730k. 30% off is 511k.

All criteria meet except just that it is not residential title. Is a service apartment.
propertyowner
post May 1 2020, 08:56 PM

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QUOTE(WahBiang @ May 1 2020, 12:28 AM)
Any brand new property in auction, 30% below market value in KL area?
- above 1.2k sf
- 3R2B
- 2c.p.
- non-bumi lot
- freehold / 90yrs+ leasehold
- residential condo
*
Try Klebang and Kundang area
WahBiang
post May 3 2020, 04:20 PM

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QUOTE(AskarPerang @ May 1 2020, 10:09 AM)
This unit: https://forum.lowyat.net/index.php?showtopi...post&p=95740978

Wait for reauction after MCO ends.
Latest reserve price of the unit is RM467,200
Bank value 730k. 30% off is 511k.

All criteria meet except just that it is not residential title. Is a service apartment.
*
Any others?? virgin or relatively new unit, 1-2 yr old...
TSAskarPerang
post May 3 2020, 05:00 PM

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QUOTE(WahBiang @ May 3 2020, 04:20 PM)
Any others?? virgin or relatively new unit, 1-2 yr old...
*
Ascenda Residences. Guess you should be familiar with this place.
Completed end of 2017. Is 2 years plus now.
But this unit is still virgin condition. Owner did nothing at all.
Is residential title.
Drop from 550k. (1st round auction)

B-23-2, Residensi Ascenda
Reserve price🔥🔥RM 396,000‬🔥🔥
Leasehold
1100 sqft (Type B1), 2 car park slots
Facing towards the new sports arena (confirm unblock view)
Auction: TBN
*Non bumi lot
*Brand new condition
*Outstanding with JMB is RM15k++ currently. Public Bank only cover maximum RM10k only.


user posted image

This post has been edited by AskarPerang: May 3 2020, 05:01 PM
WahBiang
post May 3 2020, 09:49 PM

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QUOTE(AskarPerang @ May 3 2020, 05:00 PM)
Ascenda Residences. Guess you should be familiar with this place.
Completed end of 2017. Is 2 years plus now.
But this unit is still virgin condition. Owner did nothing at all.
Is residential title.
Drop from 550k. (1st round auction)

B-23-2, Residensi Ascenda
Reserve price🔥🔥RM 396,000‬🔥🔥
Leasehold
1100 sqft (Type B1), 2 car park slots
Facing towards the new sports arena (confirm unblock view)
Auction: TBN
*Non bumi lot
*Brand new condition
*Outstanding with JMB is RM15k++ currently. Public Bank only cover maximum RM10k only.
user posted image
*
Got one new condition, have space for wet kitchen, you know la, asian cooking, curry etc, whole house gone..
Red Horse
post May 10 2020, 01:48 PM

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Any condo auction units around Shah Alam area ?
About 1200 sq ft upwards c/w 2 cp.
freehold / leasehold.
Bangala
post May 13 2020, 11:13 AM

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Any condo auction units around TBS area or along MRT/LRT/KLIA transit lines?
Preferably freehold c/w carpark

This post has been edited by Bangala: May 13 2020, 11:13 AM
TSAskarPerang
post May 13 2020, 11:44 AM

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QUOTE(Bangala @ May 13 2020, 11:13 AM)
Any condo auction units around TBS area or along MRT/LRT/KLIA transit lines?
Preferably freehold c/w carpark
*
Currently only got from a project: DSara Sentral. Few lelong units there.
Direct link to MRT station. Kampung Sg Buloh area. Leasehold. Big unit come with 3 car park slots.
Smaller unit 1 or 2 car park slots.

Another choice around TBS area is Trinity Aquata.
1239sqft.
Freehold with 2 car park slots.
Bank value 720k.
Maybe can wait below 600k or 550k.
alandhw
post May 13 2020, 12:40 PM

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QUOTE(AskarPerang @ May 13 2020, 11:44 AM)
Currently only got from a project: DSara Sentral. Few lelong units there.
Direct link to MRT station. Kampung Sg Buloh area. Leasehold. Big unit come with 3 car park slots.
Smaller unit 1 or 2 car park slots.

Another choice around TBS area is Trinity Aquata.
1239sqft.
Freehold with 2 car park slots.
Bank value 720k.
Maybe can wait below 600k or 550k.
*
Waaa..Aquata condo so new! so fast got lelong unit already...
cloudstrife07
post May 22 2020, 02:34 AM

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Hi Askar, just asking are there any interesting landed units at Putra Heights?
TSAskarPerang
post May 22 2020, 02:52 AM

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QUOTE(cloudstrife07 @ May 22 2020, 02:34 AM)
Hi Askar, just asking are there any interesting landed units at Putra Heights?
*
Yes this unit. Drop from 610k.
2 storey intermediate teres unit.

And probably people not keen due to the house is located at T junction. Directly facing road.
Well especially for Chinese, pantang.

11A, Jln Putra Permai 10/4D, Putra Heights
Reserve price🔥🔥RM 494,100‬🔥🔥
Freehold
Land area: 20" X 70" = 1400sqft
Built up: 1571sqft
Auction: 02-Jun-2020 (Tue)
*Vacant unit
*Title perfected, anyone can buy

House pics taken from google (actual house condition now is messy - untidy):

user posted image
MasBoleh!
post May 26 2020, 10:22 AM

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Any good lelong deals?

This post has been edited by MasBoleh!: May 26 2020, 10:23 AM
cloudstrife07
post May 26 2020, 11:41 AM

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QUOTE(AskarPerang @ May 22 2020, 02:52 AM)
Yes this unit. Drop from 610k.
2 storey intermediate teres unit.

And probably people not keen due to the house is located at T junction. Directly facing road.
Well especially for Chinese, pantang.

11A, Jln Putra Permai 10/4D, Putra Heights
Reserve price🔥🔥RM 494,100‬🔥🔥
Freehold
Land area: 20" X 70" = 1400sqft
Built up: 1571sqft
Auction:  02-Jun-2020 (Tue)
*Vacant unit
*Title perfected, anyone can buy

House pics taken from google (actual house condition now is messy - untidy):


user posted image
*
Ah the infamous 10/4d house. I think it will go unsold for few more years. Really in front of a junction (although inside taman perumahan). Good thing is the playground just in front of the house, good for couples with young kids.

Any others? Perhaps around Putra Harmoni?

This post has been edited by cloudstrife07: May 26 2020, 11:43 AM
TSAskarPerang
post May 26 2020, 12:03 PM

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QUOTE(MasBoleh! @ May 26 2020, 10:22 AM)
Any good lelong deals?
*
Budget and area of interest?

QUOTE(cloudstrife07 @ May 26 2020, 11:41 AM)
Ah the infamous 10/4d house. I think it will go unsold for few more years. Really in front of a junction (although inside taman perumahan). Good thing is the playground just in front of the house, good for couples with young kids.

Any others? Perhaps around Putra Harmoni?
*
This is another choice from Putra Heights: https://www.lelongtips.com.my/property/5886...or-for-RM648000
cloudstrife07
post May 26 2020, 12:35 PM

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QUOTE(AskarPerang @ May 26 2020, 12:03 PM)
Budget and area of interest?
This is another choice from Putra Heights: https://www.lelongtips.com.my/property/5886...or-for-RM648000
*
Thanks will look into it
rebecca_choo
post May 26 2020, 11:18 PM

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Do you think the following pricing is good?

https://www.lelongtips.com.my/property/6171...or-for-RM150903
TSAskarPerang
post May 27 2020, 12:06 AM

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QUOTE(rebecca_choo @ May 26 2020, 11:18 PM)
Do you think the following pricing is good?

https://www.lelongtips.com.my/property/6171...or-for-RM150903
*
Medium cost apartment. Got security. Got 1 small swimming pool surrounded with coconut trees. Very nice environment at the swimming pool actually.
No lift. This unit is located at 2nd highest floor. Ground, 1st, 2nd, 3rd (this level), 4th highest.
Every unit got own dedicated parking slot.
Got bus to MRT/KTM Sg Buloh.

Strata title already issued here. So for this unit, the owner did not do perfection yet.
And this developer (MK Land) at other place (Cyberjaya) does not allow direct transfer.
So possible required double transfer for this unit.

Worth it only if the unit is vacant my opinion.
naqib0307
post May 27 2020, 07:49 PM

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QUOTE(AskarPerang @ May 26 2020, 12:03 PM)
Budget and area of interest?
This is another choice from Putra Heights: https://www.lelongtips.com.my/property/5886...or-for-RM648000
*
Few months ago, I saw another Putra Heights on lelong.. street 1/3 .. 2sty 22x75.. is it sold?
rebecca_choo
post May 27 2020, 10:08 PM

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QUOTE(AskarPerang @ May 27 2020, 12:06 AM)
Medium cost apartment. Got security. Got 1 small swimming pool surrounded with coconut trees. Very nice environment at the swimming pool actually. 
No lift. This unit is located at 2nd highest floor. Ground, 1st, 2nd, 3rd (this level), 4th highest.
Every unit got own dedicated parking slot.
Got bus to MRT/KTM Sg Buloh.

Strata title already issued here. So for this unit, the owner did not do perfection yet.
And this developer (MK Land) at other place (Cyberjaya) does not allow direct transfer.
So possible required double transfer for this unit.

Worth it only if the unit is vacant my opinion.
*
Thanks for your input. Isn't this the unit A-412? If it is, I suppose it's at the highest floor.

Sorry, not so sure on what you meant by 'did not do perfection yet'...
TSAskarPerang
post May 27 2020, 11:06 PM

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QUOTE(rebecca_choo @ May 27 2020, 10:08 PM)
Thanks for your input. Isn't this the unit A-412? If it is, I suppose it's at the highest floor.

Sorry, not so sure on what you meant by 'did not do perfection yet'...
*
Not the highest floor. Ground floor is number 1. Level 1 is number 2 and so on.

Meaning developer issued out strata title to all owners. But this owner did not do perfection which mean appoint lawyer to do MOT and pay stamp duty. This process not yet being done. And the buyer from lelong will have to complete this process after winning.
farid_cool
post May 28 2020, 06:31 AM

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QUOTE(AskarPerang @ May 26 2020, 12:03 PM)
Budget and area of interest?
This is another choice from Putra Heights: https://www.lelongtips.com.my/property/5886...or-for-RM648000
*
Really amazed how house in Putra Height (double storey) can go down below RM 700k.
chill
post May 31 2020, 11:23 PM

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bang ada tak rumah landed nak lelong kat area Cyberjaya or Putrajaya
TSAskarPerang
post May 31 2020, 11:46 PM

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QUOTE(chill @ May 31 2020, 11:23 PM)
bang ada tak rumah landed nak lelong kat area Cyberjaya or Putrajaya
*
Kalo yg dh jatuh harga bbrp kali, yg ini:
Bank value 1.2M.
Terrace 3 tingkat (intermediate)

15, Jln Schumann 1, Symphony Hills, Cyberjaya
Reserve price 🔥🔥RM 874,800🔥🔥
Freehold
Land area: 1743 sqft
Built up: 3132 sqft
Auction: Mid June 2020

user posted image

Sekiranya berminat.
joe8489
post Jun 1 2020, 11:12 PM

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QUOTE(AskarPerang @ Jun 1 2020, 12:46 AM)
Kalo yg dh jatuh harga bbrp kali, yg ini:
Bank value 1.2M.
Terrace 3 tingkat (intermediate)

15, Jln Schumann 1, Symphony Hills, Cyberjaya
Reserve price 🔥🔥RM 874,800🔥🔥
Freehold
Land area: 1743 sqft
Built up: 3132 sqft
Auction: Mid June 2020

user posted image

Sekiranya berminat.
*
what's the condition for this unit bosku?

vacated? occupied?
Mr.Docter
post Jun 4 2020, 09:50 PM

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QUOTE(AskarPerang @ May 31 2020, 11:46 PM)
Kalo yg dh jatuh harga bbrp kali, yg ini:
Bank value 1.2M.
Terrace 3 tingkat (intermediate)

15, Jln Schumann 1, Symphony Hills, Cyberjaya
Reserve price 🔥🔥RM 874,800🔥🔥
Freehold
Land area: 1743 sqft
Built up: 3132 sqft
Auction: Mid June 2020

user posted image

Sekiranya berminat.
*
A bit lower price ada tak bang? Cyber or Putrajaya.

Landed with land.

500k-ish.
TSAskarPerang
post Jun 4 2020, 10:59 PM

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QUOTE(Mr.Docter @ Jun 4 2020, 09:50 PM)
A bit lower price ada tak bang? Cyber or Putrajaya.

Landed with land.

500k-ish.
*
Dont think able to get any landed at that price in Cyberjaya or Putrajaya.
But in Cybersouth can get. Brand new houses there. Completed not long ago.

Can refer to this thread. Got few houses already sold via lelong: https://forum.lowyat.net/topic/3457978/+1600
Mr.Docter
post Jun 5 2020, 11:20 AM

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QUOTE(AskarPerang @ Jun 4 2020, 10:59 PM)
Dont think able to get any landed at that price in Cyberjaya or Putrajaya.
But in Cybersouth can get. Brand new houses there. Completed not long ago.

Can refer to this thread. Got few houses already sold via lelong: https://forum.lowyat.net/topic/3457978/+1600
*
Is it lelong price or standard price at the Cybersouth?

Btw you have any insight regarding Gamuda Cove? Thinking to purchasing the landed one.
Leroi2x
post Jun 7 2020, 11:40 PM

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hi bro , your 1st post no update anymore ?

can recommend some good deal unit
kepong area or some where nearby with near to lrt or mrt
budget below rm400k

thanks
TSAskarPerang
post Jun 7 2020, 11:54 PM

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QUOTE(Leroi2x @ Jun 7 2020, 11:40 PM)
hi  bro , your 1st post no update anymore ?

can recommend some good deal unit
kepong area or some where nearby with near to lrt or mrt
budget below rm400k

thanks
*
I PM you.
chavala88
post Jun 8 2020, 10:51 AM

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QUOTE(AskarPerang @ Jan 30 2020, 06:32 AM)
Yes first home buyer stamp duty exemption apply for residential title property price at below 500k. Can buy undercon, subsale or lelong unit. All will get the exemption.

user posted image
*
is it apply stamp duty for spa n loan as well?
TSAskarPerang
post Jun 8 2020, 11:07 AM

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QUOTE(chavala88 @ Jun 8 2020, 10:51 AM)
is it apply stamp duty for spa n loan as well?
*
Yes, pindah milik = SPA and perjanjian pinjaman = loan.
Still applicable till end of this year for all residential title property be it new undercon bought from developer or lelong unit bought in the secondary market.
chavala88
post Jun 8 2020, 11:10 AM

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QUOTE(AskarPerang @ Jun 8 2020, 11:07 AM)
Yes, pindah milik = SPA and perjanjian pinjaman = loan.
Still applicable till end of this year for all residential title property be it new undercon bought from developer or lelong unit bought in the secondary market.
*
hmm so left DP and fees lah need to fork out

user posted image

This post has been edited by chavala88: Jun 8 2020, 11:11 AM
darkmusses
post Jun 9 2020, 10:57 AM

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Any lelong unit like Residensi Pandanmas 2 ?
TSAskarPerang
post Jun 9 2020, 11:42 AM

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QUOTE(darkmusses @ Jun 9 2020, 10:57 AM)
Any lelong unit like Residensi Pandanmas 2 ?
*
From Pandanmas 1.

A-21-16, Residensi Pandanmas
Reserve price: 🔥🔥RM 252,000🔥🔥
Leasehold until 2098
850 sqft (no balcony unit), 1 car park
Auction : 18-Jun-2020 (Thu)

» Click to show Spoiler - click again to hide... «
TingTong123
post Jun 9 2020, 11:57 AM

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KGear
post Jun 10 2020, 01:14 PM

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Hi Boss, Any units near upcoming MRT or with LRT/MRT already below 500k ?
personaforever6789
post Jun 11 2020, 11:21 PM

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Good One .. follow
Agger5
post Jun 12 2020, 06:30 AM

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Hi boss, any lelong unit with walking distance to lrt/mrt?not necessarily need a condo, medium cost apartment is okay too
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post Jun 19 2020, 12:48 PM

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hi bro, any landed lelong unit within 15km around damansara area (let say from 1U) that is not too old like 20years? that hopefully below 650k?

This post has been edited by neo_6053: Jun 19 2020, 12:48 PM
TSAskarPerang
post Jun 19 2020, 11:13 PM

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QUOTE(neo_6053 @ Jun 19 2020, 12:48 PM)
hi bro, any landed lelong unit within 15km around damansara area (let say from 1U) that is not too old like 20years? that hopefully below 650k?
*
Bandar Sri Damansara
and Sutera Damansara (deep inside damansara damai)

I think can get. Will PM you if come across such unit. smile.gif
linuss
post Jun 20 2020, 12:24 AM

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Bro any good deals in Subang Jaya / Sunway area?
neo_6053
post Jun 20 2020, 01:04 PM

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QUOTE(AskarPerang @ Jun 19 2020, 11:13 PM)
Bandar Sri Damansara
and Sutera Damansara (deep inside damansara damai)

I think can get. Will PM you if come across such unit.  smile.gif
*
THanks!
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post Jun 20 2020, 02:02 PM

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post Jun 22 2020, 02:53 PM

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post Jul 1 2020, 08:56 AM

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QUOTE(joe8489 @ Jun 1 2020, 11:12 PM)
what's the condition for this unit bosku?

vacated? occupied?
*
i think owner occupied..
WahBiang
post Jul 1 2020, 04:11 PM

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the list not updated??
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post Jul 2 2020, 11:27 AM

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post Jul 2 2020, 04:23 PM

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Askar, still remember me? Gonna PM you for a chat
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post Jul 2 2020, 04:25 PM

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low cost ada ke ?
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post Jul 2 2020, 10:18 PM

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Let me know if got low cost good deal
xyekit
post Jul 9 2020, 11:16 AM

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Hi AskarPerang,

Want to ask if got any recent lelong for landed 2-sty terrace house units in Alam Nusantara, Setia Alam?

Bajet 700-850k, non-bumi.
TSAskarPerang
post Jul 9 2020, 11:59 AM

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QUOTE(xyekit @ Jul 9 2020, 11:16 AM)
Hi AskarPerang,

Want to ask if got any recent lelong for landed 2-sty terrace house units in Alam Nusantara, Setia Alam?

Bajet 700-850k, non-bumi.
*
Jalan Setia Perdana right?
If you are interested. Malay owner but anyone can buy coz already issued title.

5, Jalan Setia Perdana U13/25A, Precint 12, Seksyen U13, Setia Alam
Reserve price 🔥🔥RM 481,140🔥🔥
Freehold
Land area: 1400sqft (20"X70")
Auction: 17-Aug-2020 (Mon)
*Title issued and perfection done (anyone can buy)


» Click to show Spoiler - click again to hide... «
LimauKering
post Jul 9 2020, 12:18 PM

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askarperang, any corner unit for lelong? preferable cheras bandar tun hussein onn/ alam damai saide, but sg long/mahkota area can see also
TSAskarPerang
post Jul 9 2020, 12:50 PM

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QUOTE(LimauKering @ Jul 9 2020, 12:18 PM)
askarperang, any corner unit for lelong? preferable cheras bandar tun hussein onn/ alam damai saide, but sg long/mahkota area can see also
*
currently no.
unless this semi D (3 storey unit): https://www.lelongtips.com.my/property/6221...r-for-RM1620000
Full address: 25, Jalan Suasana 4/2, Bandar Tun Hussein Onn
xyekit
post Jul 9 2020, 01:47 PM

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QUOTE(AskarPerang @ Jul 9 2020, 11:59 AM)
Jalan Setia Perdana right?
If you are interested. Malay owner but anyone can buy coz already issued title.

5, Jalan Setia Perdana U13/25A, Precint 12, Seksyen U13, Setia Alam
Reserve price 🔥🔥RM 481,140🔥🔥
Freehold
Land area: 1400sqft (20"X70")
Auction: 17-Aug-2020 (Mon)
*Title issued and perfection done (anyone can buy)
» Click to show Spoiler - click again to hide... «

*
Thanks for quick response. This unit bit small.

Any at Casa Sutra side? Jalan Setia Perdana U13/29 area where the land and build-up is bigger.
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post Jul 9 2020, 01:58 PM

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QUOTE(xyekit @ Jul 9 2020, 01:47 PM)
Thanks for quick response. This unit bit small.

Any at Casa Sutra side? Jalan Setia Perdana U13/29 area where the land and build-up is bigger.
*
so far only this unit available.
LimauKering
post Jul 13 2020, 09:00 AM

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QUOTE(AskarPerang @ Jul 9 2020, 12:50 PM)
currently no.
unless this semi D (3 storey unit): https://www.lelongtips.com.my/property/6221...r-for-RM1620000
Full address: 25, Jalan Suasana 4/2, Bandar Tun Hussein Onn
*
haha, this one too expensive already, 1 mil beyond budget. how about puncak jalil bro? any good deal there? only requirement is got space to park 2 cars inside with ample walking space and a small terrace, 2 more car park outside gate vertical, and can park 2 more cars on the roadside. if can fit 3-4 cars inside gate is the best. got 6 cars at home, preferably corner unit actually.

This post has been edited by LimauKering: Jul 13 2020, 09:02 AM
TSAskarPerang
post Jul 13 2020, 10:12 AM

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QUOTE(LimauKering @ Jul 13 2020, 09:00 AM)
haha, this one too expensive already, 1 mil beyond budget. how about puncak jalil bro? any good deal there? only requirement is got space to park 2 cars inside with ample walking space and a small terrace, 2 more car park outside gate vertical, and can park 2 more cars on the roadside. if can fit 3-4 cars inside gate is the best. got 6 cars at home, preferably corner unit actually.
*
How about this unit: https://www.lelongtips.com.my/property/6241...ur-for-RM984150
65, Jalan Impian Indah 2, Taman Impian Indah (Paragon Heights)
3 storey terrace house
End lot unit
Land area: 1873sqft
Built up: 3388sqft (5+1 bedrooms)


janicefoo P
post Jul 15 2020, 12:33 PM

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hi, any landed lelong unit within bangsar area? Freehold, less than 10 Years? below 1m?
TSAskarPerang
post Jul 15 2020, 01:51 PM

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QUOTE(LimauKering @ Jul 9 2020, 12:18 PM)
askarperang, any corner unit for lelong? preferable cheras bandar tun hussein onn/ alam damai saide, but sg long/mahkota area can see also
*
Another choice: https://www.lelongtips.com.my/property/6255...r-for-RM1093500

user posted image


QUOTE(janicefoo @ Jul 15 2020, 12:33 PM)
hi,  any landed lelong unit within bangsar area? Freehold, less than 10 Years? below 1m?
*
currently not available. very rare.
LimauKering
post Jul 15 2020, 02:27 PM

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QUOTE(AskarPerang @ Jul 15 2020, 01:51 PM)
Another choice: https://www.lelongtips.com.my/property/6255...r-for-RM1093500

user posted image
currently not available. very rare.
*
thanks man, i know that taman, not very valuable at that price.
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post Jul 15 2020, 02:45 PM

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QUOTE(LimauKering @ Jul 15 2020, 02:27 PM)
thanks man, i know that taman, not very valuable at that price.
*
Bank value of the unit at 1.3M
janicefoo P
post Jul 16 2020, 11:25 AM

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Hi Askar Perang, do u aware about the Sefina Residence in Mont Kiara? Auction on 6th June. Is the unit still available?
TSAskarPerang
post Jul 16 2020, 11:34 AM

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QUOTE(janicefoo @ Jul 16 2020, 11:25 AM)
Hi Askar Perang, do u aware about the Sefina Residence in Mont Kiara? Auction on 6th June. Is the unit still available?
*
Attracted more than 10 bidders that day.
From 736k, sold at 965k. flex.gif
minibeany
post Jul 17 2020, 12:38 AM

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QUOTE(LimauKering @ Jul 15 2020, 02:27 PM)
thanks man, i know that taman, not very valuable at that price.
*
mind to share where is this?
LimauKering
post Jul 17 2020, 08:48 AM

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QUOTE(minibeany @ Jul 17 2020, 12:38 AM)
mind to share where is this?
*
written in that link. Jalan Pahlawan 4B/3, Bandar Mahkota Cheras, 43200 Cheras, Selangor

kind of a new-ish "premium" development in that area, very deep into mahkota cheras, way pass the shoplots which is still acceptable. to go into the semi D you have to turn in from the main mahkota road into older 2 stories development then left right left right then only you reach your guard house.

what not acceptable is that every morning, that 2KM stretch along the shoplots are gonna jam for a minimum of 20 to 40 minutes before you join CKE for another 30 minutes jam into Eko Chears (if you're working in KL/PJ/center of selangor)

now even if you're going into Kajang/Puchong the traffic is crazy as well. if you can work on odd hours and sitting in cars for hours is fine for you then mahkota cheras is a very good place actually, a lot of shops and amenities, i love that place during non peak hours travel. been looking at mahkota but realize i still have to go to work in the morning and im not willing to sit there for a couple of hours just to get into another jam.

This post has been edited by LimauKering: Jul 17 2020, 08:50 AM
kb9
post Jul 22 2020, 03:12 AM

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QUOTE(AskarPerang @ Jul 9 2020, 12:50 PM)
currently no.
unless this semi D (3 storey unit): https://www.lelongtips.com.my/property/6221...r-for-RM1620000
Full address: 25, Jalan Suasana 4/2, Bandar Tun Hussein Onn
*
I'm wondering if all auction units are available on lelongtips or are there more units on other auction sites as well?
TSAskarPerang
post Jul 22 2020, 08:11 AM

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QUOTE(kb9 @ Jul 22 2020, 03:12 AM)
I'm wondering if all auction units are available on lelongtips or are there more units on other auction sites as well?
*
All available on lelongtips website.
Is matter of time (how soon) they list out on the website only.
personaforever6789
post Aug 11 2020, 05:12 PM

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Hi @askarperang, your whatsapp no has changed is it? Tried contacting you but no reply
notadupe999
post Aug 17 2020, 05:29 PM

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For old leasehold landed (let's say about 50-60 years left on the lease), would banks grant a loan to buy it?
Rudd San
post Sep 2 2020, 11:28 PM

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Hi Askar Perang

Any good deal/advise on Auction/Subsale in KL area ?
For Positive investment purposes with possibility a positive cash flow.
A recommendation with following criteria is appreciated :-

1. Walkable distance/near to MRT/LRT/Mall etc
2. Type : Condo/Apartment unit
3. Size Best : 1+1 Room
4. Budget : up to 450K
5. Bumi Lot

Thanks in advance
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post Sep 6 2020, 04:42 PM

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QUOTE(AskarPerang @ Jul 22 2020, 08:11 AM)
All available on lelongtips website.
Is matter of time (how soon) they list out on the website only.
*
Hi AskarPerang, may i have your contact number? tq
TSAskarPerang
post Sep 6 2020, 10:32 PM

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QUOTE(Bugsbunny2332 @ Sep 6 2020, 04:42 PM)
Hi AskarPerang, may i have your contact number? tq
*
011-58287725.
Or you can just drop whatapps: http://www.wasap.my/+601158287725
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post Sep 7 2020, 08:34 PM

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Hi Gurus,

I have a question regarding joined name house if gone in to auction, the remaining proceeds from the auction after all loan and fees paid, the amount will go in to owner acc based on S&P owner or loan acc owner?

The S&P is joined name but loan acc may be 1 name only.

If to S&P owner, they dont have a joined name bank acc and not intended to have 1, will the remaining proceeds be split evenly in to 2 cheques?
mini orchard
post Sep 8 2020, 05:29 AM

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QUOTE(JCWL @ Sep 7 2020, 08:34 PM)
Hi Gurus,

I have a question regarding joined name house if gone in to auction, the remaining proceeds from the auction after all loan and fees paid, the amount will go in to owner acc based on S&P owner or loan acc owner?

The S&P is joined name but loan acc may be 1 name only.

If to S&P owner, they dont have a joined name bank acc and not intended to have 1, will the remaining proceeds be split evenly in to 2 cheques?
*
Proceeds from any sale (auction or subsale) goes to settlement of outstanding loan and all cost first and any balance theteafter will be split evenly among the stakeholders.

In the event the sale proceeds cannot fully redeem the loan, the stakeholder who is the borrower will be responsible to settle the balance.
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post Sep 9 2020, 03:55 AM

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any auction in rimbayu area?
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post Sep 9 2020, 10:07 PM

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post Sep 12 2020, 04:51 PM

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500sqft studio KL rm150k got?
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post Oct 7 2020, 09:15 PM

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This post has been edited by heavensea: Oct 9 2020, 02:53 PM
Powet
post Oct 13 2020, 10:40 PM

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Hi, looking for investment purpose as fresh worker, any recommended deal?
mini orchard
post Oct 13 2020, 11:02 PM

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QUOTE(Powet @ Oct 13 2020, 10:40 PM)
Hi, looking for investment purpose as fresh worker, any recommended deal?
*
Nothing .... if you are not giving any further info.
ShinG3e
post Oct 18 2020, 11:58 PM

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Sifu pls reco PJ/Damansara area tengkiuuu

Condo/apartment. No preference on sqft. 2R minimum.

This post has been edited by ShinG3e: Oct 18 2020, 11:59 PM
Roger80
post Dec 16 2020, 07:59 AM

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Halooo. Need bumi lots recommendation lah
Micky78
post Feb 12 2021, 06:59 PM

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QUOTE(AskarPerang @ Dec 23 2018, 02:30 PM)
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.
*
Dear Sir,

meaning all bids via auctions wont have not caveat?
TSAskarPerang
post Feb 12 2021, 08:46 PM

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QUOTE(Micky78 @ Feb 12 2021, 06:59 PM)
Dear Sir,

meaning all bids via auctions wont have not caveat?
*
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.
AureusX
post Feb 24 2021, 10:50 PM

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Any auction units for 288 Residences, Kuchai Lama?
TSAskarPerang
post Feb 24 2021, 11:48 PM

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QUOTE(AureusX @ Feb 24 2021, 10:50 PM)
Any auction units for 288 Residences, Kuchai Lama?
*
Nope. and very rarely got from here.
From Kuchai Lama usually is: Arte, Kuchai Avenue, Spring Avenue.
personaforever6789
post Mar 4 2021, 05:32 PM

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Hi askarperang, can i ask you some advice. Im planning to bid on an auction house by high court, however did an land search and noted there is caveat by bank islam..

The auction is actually by bank islam thru high court.. so will this affect the chance of getting loan ?

user posted image
TSAskarPerang
post Mar 4 2021, 05:36 PM

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QUOTE(iamtheone2020 @ Mar 4 2021, 05:32 PM)
Hi askarperang, can i ask you some advice. Im planning to bid on an auction house by high court, however did an land search and noted there is caveat by bank islam..

The auction is actually by bank islam thru high court.. so will this affect the chance of getting loan ?

user posted image
*
This caveat by the bank is normal. No problem. All bank will place caveat on the property.
personaforever6789
post Mar 4 2021, 07:40 PM

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QUOTE(AskarPerang @ Mar 4 2021, 05:36 PM)
This caveat by the bank is normal. No problem. All bank will place caveat on the property.
*
Thankbyou so much . Btw, 120 days for high court auction is enough for completion? I heard normally bank gives 90 days but high court 120 days.. is the one month extra because of additional procedure?
TSAskarPerang
post Mar 4 2021, 10:18 PM

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QUOTE(iamtheone2020 @ Mar 4 2021, 07:40 PM)
Thankbyou so much . Btw, 120 days for high court auction is enough for completion? I heard normally bank gives 90 days but high court 120 days.. is the one month extra because of additional procedure?
*
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.
personaforever6789
post Mar 4 2021, 10:41 PM

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QUOTE(AskarPerang @ Mar 4 2021, 10:18 PM)
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.
*
I see.. understood bro.. thank you again for the explanation.. appreciate it.. may u prosper in life
SUSAngelic Layer
post Mar 16 2021, 03:42 PM

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Any bungalow under 2.5 million?
Or freehold residential land under 1.5 million, located in KL.
BFGWong
post May 16 2021, 06:58 PM

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Bro, I saw one unit in Melaka, first round May 7th.

Address: 23, jalan merak mas 15, taman merak mas, bukit baru, 75450, Melaka

Any idea if anyone successfully bid for it in the first round?
TSAskarPerang
post May 16 2021, 08:46 PM

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QUOTE(BFGWong @ May 16 2021, 06:58 PM)
Bro, I saw one unit in Melaka, first round May 7th.

Address: 23, jalan merak mas 15, taman merak mas, bukit baru, 75450, Melaka

Any idea if anyone successfully bid for it in the first round?
*
Unlikely got any buyer will grab at first round. Especially in Melaka.
Wait few months time will re-auction again at 10% cheaper.
BFGWong
post May 16 2021, 11:03 PM

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QUOTE(AskarPerang @ May 16 2021, 08:46 PM)
Unlikely got any buyer will grab at first round. Especially in Melaka.
Wait few months time will re-auction again at 10% cheaper.
*
Thanks. Was planning to look at it again if it comes up. Its a pretty strange unit. At the back of the house, is a Hyundai. Probably hidden there to prevent it getting repossessed by bank. But that will be a headache later, as in how to return it to whichever bank has a claim on it.
malcolm86
post May 20 2021, 10:44 AM

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any lelong for rumahwip/PR1MA / PPA1M in KL?
TSAskarPerang
post May 20 2021, 06:32 PM

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QUOTE(malcolm86 @ May 20 2021, 10:44 AM)
any lelong for rumahwip/PR1MA / PPA1M in KL?
*
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)

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





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)

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


This post has been edited by AskarPerang: May 20 2021, 06:32 PM
Jagalat
post May 21 2021, 10:40 AM

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QUOTE(AskarPerang @ May 20 2021, 07:32 PM)
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)

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

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)

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

*
This gembira unit is likely to be snapped next week..
Bro, didn't get to read your posts of auction recently.
Your lelong posts are mostly very good indicators.


malcolm86
post May 21 2021, 01:11 PM

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QUOTE(AskarPerang @ May 20 2021, 06:32 PM)
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)

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

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)

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

*
thanks.. can i knw where to participate this auction?
curmbox
post May 26 2021, 08:19 PM

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Have any Sunway velocity ?
TSAskarPerang
post May 26 2021, 10:45 PM

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QUOTE(curmbox @ May 26 2021, 08:19 PM)
Have any Sunway velocity ?
*
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
curmbox
post May 27 2021, 01:13 AM

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wow didnt know velocity fetching so high price ... out of budget bro... tq for replying
joe8489
post Jun 17 2021, 04:54 PM

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any auctions for sejati cyber?
curmbox
post Jun 17 2021, 08:09 PM

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QUOTE(AskarPerang @ May 26 2021, 10:45 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
*
Bro do you do broadcast of new auction or something like this ?
TSAskarPerang
post Jun 18 2021, 10:13 AM

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QUOTE(joe8489 @ Jun 17 2021, 04:54 PM)
any auctions for sejati cyber?
*
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.


user posted image
kaimanpro
post Jun 23 2021, 01:24 AM

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Any recommendations for price range around 300~400K?

KL areas like D'Nuri, The Hamstead or others. More for investment purpose.
Mr.Weezy
post Jun 27 2021, 05:56 PM

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hi askarperang, where do you usually update your auction listings?

I always see your listings in the property talk for the specific projects, but that's gonna be hard to see it since there are so many projects.

Hope you can update here too.
jerrymouse
post Jul 11 2021, 11:51 AM

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QUOTE(Mr.Weezy @ Jun 27 2021, 05:56 PM)
hi askarperang, where do you usually update your auction listings?

I always see your listings in the property talk for the specific projects, but that's gonna be hard to see it since there are so many projects.

Hope you can update here too.
*
I am interested to know where askarperang update on new auction listings too, any FB page or link that I can follow?
kop2299
post Aug 17 2021, 04:41 PM

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Hi @askarperang any lelong unit surrounding Aeon Taman Maluri Cheras? Prefer new and mid to high property
linuss
post Aug 28 2021, 10:23 AM

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Any good deal for investment? High ROI
mini orchard
post Aug 28 2021, 10:25 AM

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QUOTE(linuss @ Aug 28 2021, 10:23 AM)
Any good deal for investment? High ROI
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You are in the wrong thread.
linuss
post Aug 28 2021, 10:40 AM

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QUOTE(mini orchard @ Aug 28 2021, 10:25 AM)
You are in the wrong thread.
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Please enlighten me
mini orchard
post Aug 28 2021, 10:51 AM

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QUOTE(linuss @ Aug 28 2021, 10:40 AM)
Please enlighten me
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Good things no share .... have to do own research.
chewiongxian P
post Sep 12 2021, 11:07 AM

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Hi @askarperang, do u have putra height DSR lelong property? I’m keen on putra avenue (6/1C), but they said high court still not open so cannot auction yet.
Ur side have any updates?
TSAskarPerang
post Sep 12 2021, 05:26 PM

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QUOTE(chewiongxian @ Sep 12 2021, 11:07 AM)
Hi @askarperang, do u have putra height DSR lelong property? I’m keen on putra avenue (6/1C), but they said high court still not open so cannot auction yet.
Ur side have any updates?
*
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
chewiongxian P
post Sep 15 2021, 11:22 PM

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QUOTE(AskarPerang @ Sep 12 2021, 05:26 PM)
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
*
Thank you for the insights!
Will continue to look for other units at this area
Jitty
post Sep 24 2021, 06:14 PM

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Anyone got any good property recomend around taman sri sentosa PJ ?
TSAskarPerang
post Sep 25 2021, 11:15 PM

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QUOTE(Jitty @ Sep 24 2021, 06:14 PM)
Anyone got any good property recomend around taman sri sentosa PJ ?
*
There's a unit from Pearl Point Condo.
But maybe still can wait next round.
1076 sqft size at 385K.



Jitty
post Sep 26 2021, 12:29 PM

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QUOTE(AskarPerang @ Sep 25 2021, 11:15 PM)
There's a unit from Pearl Point Condo.
But maybe still can wait next round.
1076 sqft size at 385K.
*
thanks AP.

you are auction agent ?
TSAskarPerang
post Sep 26 2021, 03:00 PM

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QUOTE(Jitty @ Sep 26 2021, 12:29 PM)
thanks AP.

you are auction agent ?
*
Yes. smile.gif
ry8128
post Oct 2 2021, 12:16 PM

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QUOTE(AskarPerang @ Sep 26 2021, 03:00 PM)
Yes.  smile.gif
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Any lelong units in bangsar south area so far? Regardless of leasehold or freehold.
TSAskarPerang
post Oct 2 2021, 05:03 PM

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QUOTE(ry8128 @ Oct 2 2021, 12:16 PM)
Any lelong units in bangsar south area so far? Regardless of leasehold or freehold.
*
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.
ry8128
post Oct 2 2021, 07:04 PM

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QUOTE(AskarPerang @ Oct 2 2021, 05:03 PM)
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.
*
Ok, thanks. Gonna have a look.
ry8128
post Oct 4 2021, 01:20 PM

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QUOTE(AskarPerang @ Oct 2 2021, 05:03 PM)
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.
*
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?
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?
*
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?
*
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?
*
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.
*
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
*
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 ?
*
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.
*
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.
*
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?
*
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?
*
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.
*
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.
*
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
TSAskarPerang
post Jan 3 2022, 11:26 PM

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QUOTE(mt24 @ Jan 3 2022, 01:08 PM)
ada new listing? looking area mutiara heights, oasis / ameera residence,
budget.. below 330k
*
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.


Icehart
post Jan 5 2022, 12:36 PM

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I read in your previous post you're an auction agent. What's your service fee?
Jitty
post Jan 6 2022, 10:35 AM

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finding new flat aparment RM 150k- RM 160k near Taman Sri Sentosa
Jalan Taman Seri Sentosa, 58000, Kuala Lumpur

https://www.propertyguru.com.my/condo/taman-sri-sentosa-1219

anyone got intro?
TSAskarPerang
post Jan 6 2022, 01:03 PM

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QUOTE(Icehart @ Jan 5 2022, 12:36 PM)
I read in your previous post you're an auction agent. What's your service fee?
*
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.
mt24
post Jan 6 2022, 07:02 PM

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QUOTE(AskarPerang @ Jan 3 2022, 11:26 PM)
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.
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Let me know if thrre is any. Budget 250 - 320k.
responsibleroy
post Jan 8 2022, 09:18 PM

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Hi i have just recently won an auction. Everything has been going smooth. Just I am a bit sceptical regarding valuation fees. Is it true if I am applying loan from a different bank than the auction bank, I’ll need to pay for another valuation fee? Can’t we use the same valuation report by the auction bank?
TSAskarPerang
post Jan 8 2022, 11:59 PM

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QUOTE(responsibleroy @ Jan 8 2022, 09:18 PM)
Hi i have just recently won an auction. Everything has been going smooth. Just I am a bit sceptical regarding valuation fees. Is it true if I am applying loan from a different bank than the auction bank, I’ll need to pay for another valuation fee? Can’t we use the same valuation report by the auction bank?
*
Completed project all required to pay Valuation Fees.
Subsale also the same like lelong. Paying the same thing.

All banks applied the same ruling. Once you signed the Loan Agreement with the bank, bank will appoint their panel valuer to conduct valuation to the unit.
Even if you use back the auction bank, you will need to pay the valuation fees.

Same like legal fees. Valuation fees is negotiable.
1234_4321
post Jan 10 2022, 10:01 PM

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Hi,

I would like to ask what happen if bank auction a property and able to collect much more than the debt balance? Is it all belongs to bank, or bank will only take the outstanding balance, and return the rest to the previous owner?

For example outstanding 200k, market rate 400k.
Bank sold at 380k, who will get the additional of 180k here?
mini orchard
post Jan 11 2022, 05:31 AM

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QUOTE(1234_4321 @ Jan 10 2022, 10:01 PM)
Hi,

I would like to ask what happen if bank auction a property and able to collect much more than the debt balance? Is it all belongs to bank, or bank will only take the outstanding balance, and return the rest to the previous owner?

For example outstanding 200k, market rate 400k.
Bank sold at 380k, who will get the additional of 180k here?
*
Any balance money, if any have to return to the borrower.
Alteristkang
post Jan 12 2022, 02:52 PM

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Hi, any good deals for Subang Jaya area?
thxxht
post Jan 16 2022, 10:16 PM

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hi askar sifu,

any lelong unit for kl eco city vogue suites one?
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post Jan 19 2022, 08:54 AM

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Any Auction listing in Tropicana Heights Kajang Area?

Looking for 22x75 Landed House, preferably <5 years old units, under RM700K.
Melon
post Jan 20 2022, 02:20 PM

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any lelong unit for The Park 2 Bukit Jalil?
maggi
post Mar 4 2022, 11:29 AM

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looking for any deals within subang area
tohff7
post Mar 9 2022, 10:04 PM

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hi, new here. interested to look at place closer to KL and within walking distance to MRT
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post Apr 8 2022, 11:08 AM

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post May 22 2022, 04:00 PM

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post May 28 2022, 01:31 PM

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post Jun 8 2022, 12:39 PM

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Is there any auction unit in Residensi Desa, Kuchai Lama? Or any good units in Kuchai Lama below 500k?
alandhw
post Jun 26 2022, 01:00 PM

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A general question. is it not all the bumi lot unit can bid by non bumi? how to differentiate what kind of bumi lot is open for non-bumi?
Thanks

This post has been edited by alandhw: Jun 26 2022, 01:00 PM
mini orchard
post Jun 26 2022, 04:04 PM

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QUOTE(alandhw @ Jun 26 2022, 01:00 PM)
A general question. is it not all the bumi lot unit can bid by non bumi? how to differentiate what kind of bumi lot is open for non-bumi?
Thanks
*
If is stated bumi lot, then ONLY bumi can bid.

BUMI LOT and bumi registered owner are two different thing. A bumi registered owner is not necessary bumi lot but a registered bumi lot is BUMI LOT.

But if the tenure is leasehold and a bumi registered owner, state consent is required for transfer.

And if is freehold and a bumi registered owner, transfer to non bumi is no issue.
alandhw
post Jun 26 2022, 04:48 PM

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QUOTE(mini orchard @ Jun 26 2022, 04:04 PM)
If is stated bumi lot, then ONLY bumi can bid.

BUMI LOT and bumi registered owner are two different thing. A bumi registered owner is not necessary bumi lot but a registered bumi lot is BUMI LOT.

But if the tenure is leasehold and a bumi registered owner, state consent is required for transfer.

And if is freehold and a bumi registered owner, transfer to non bumi is no issue.
*
so the procedure to purchase the BUMI LOT from lelong market and the subsales market is same? which need to get the consent from Menteri Besar?
If won the BUMI LOT bidding, and the MB reject the transfer, bidder making the lose of 10% deposit?
mini orchard
post Jun 26 2022, 05:02 PM

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QUOTE(alandhw @ Jun 26 2022, 04:48 PM)
so the procedure to purchase the BUMI LOT from lelong market and the subsales market is same? which need to get the consent from Menteri Besar?
If won the BUMI LOT bidding, and the MB reject the transfer, bidder making the lose of 10% deposit?
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Yes.

If bid bumi lelong unit, 90 or 120 days is not enough to complete the transaction. The auction bank will more likely to forfeit the deposit.
alandhw
post Jun 26 2022, 05:57 PM

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QUOTE(mini orchard @ Jun 26 2022, 05:02 PM)
Yes.

If bid bumi lelong unit, 90 or 120 days is not enough to complete the transaction. The auction bank will more likely to forfeit the deposit.
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In the POS stated

"Sekatan Kepentingan :
Tanah ini boleh dipindahmilik atau dipajak dengan
kebenaran bertulis oleh Pihak Berkuasa Negeri."

Is the above statement = BUMI LOT?
mini orchard
post Jun 26 2022, 07:29 PM

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QUOTE(alandhw @ Jun 26 2022, 05:57 PM)
In the POS stated

"Sekatan Kepentingan :
Tanah ini boleh dipindahmilik atau dipajak dengan
kebenaran bertulis oleh Pihak Berkuasa Negeri."

Is the above statement = BUMI LOT?
*
It can be leasehold restriction or govt housing transfer restriction.

Dont depend 100% in POS. Do a land search to be safe.

I bought a freehold govt housing through lelong recently and I still have to apply for consent from the state housing agency.
alandhw
post Jun 30 2022, 12:05 AM

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QUOTE(mini orchard @ Jun 26 2022, 07:29 PM)
It can be leasehold restriction or govt housing transfer restriction.

Dont depend 100% in POS. Do a land search to be safe.

I bought a freehold govt housing through lelong recently and I still have to apply for consent from the state housing agency.
*
The process of getting consent for lelong+leasehold+bumi lot are same as subsale+leasehold+bumi lot?
mini orchard
post Jun 30 2022, 07:56 AM

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QUOTE(alandhw @ Jun 30 2022, 12:05 AM)
The process of getting consent for lelong+leasehold+bumi lot are same as subsale+leasehold+bumi lot?
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Same procedure.
alandhw
post Aug 16 2022, 02:39 PM

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Hi. Want to ask about the e-lelong 10% deposit bankdraft procedure. Bidder can send the bankdraft via Pos to the high court. but how to verify whether high court has receive the bankdraft?
Thanks.
ckuanglim
post Aug 16 2022, 04:14 PM

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QUOTE(alandhw @ Aug 16 2022, 02:39 PM)
Hi. Want to ask about the e-lelong 10% deposit bankdraft procedure. Bidder can send the bankdraft via Pos to the high court. but how to verify whether high court has receive the bankdraft?
Thanks.
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Usually do online transfer now.
alandhw
post Aug 16 2022, 11:20 PM

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QUOTE(ckuanglim @ Aug 16 2022, 04:14 PM)
Usually do online transfer now.
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I don't see online transfer option.
It has bankdraft option or by hand only

"The payment of the deposit can be made by:
a.Pos Laju services (Pos Malaysia) or by hand to Pusat Operasi e-Lelong Kuantan,
Pahang. The Bank Draft if delivered via Pos Laju services shall be attached with
Pos Laju Prepaid envelope for the purpose of returning the Bank Draft to
unsuccessful bidder or forwarding the Bank Draft to the Plaintiff; or

b. By hand to any High Court of Malaya in Peninsular"
Netto Hikari
post Aug 20 2022, 06:37 PM

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any chances for lelong units of landed unit in cyberjaya/puchong? price around 500k?
Human Nature
post Sep 11 2022, 12:19 PM

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Any exciting listing in Melaka?

This post has been edited by Human Nature: Sep 11 2022, 12:19 PM
mini orchard
post Sep 11 2022, 12:56 PM

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QUOTE(Human Nature @ Sep 11 2022, 12:19 PM)
Any exciting listing in Melaka?
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There are many active auction agents in facebook. Follow their page.

Eg ...

https://www.facebook.com/auctionmelaka/

This post has been edited by mini orchard: Sep 11 2022, 12:59 PM
nghoongen
post Apr 28 2023, 09:10 AM

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Hi please PM me the latest listing smile.gif
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post Jul 19 2023, 02:07 PM

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TS not updating the listing anymore ? 😔
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post Apr 23 2025, 06:26 PM

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Looking for property (own stay) Bank lelong projects please contact me
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