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
Others Recommended listing of property auction / lelong!, all info you need to know inside......
Others Recommended listing of property auction / lelong!, all info you need to know inside......
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Feb 18 2019, 12:20 PM
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#1
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Junior Member
960 posts Joined: Mar 2018 |
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
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Feb 20 2019, 02:16 PM
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#2
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960 posts Joined: Mar 2018 |
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. 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 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. |
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Mar 4 2019, 08:21 AM
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#3
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960 posts Joined: Mar 2018 |
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 ![]() |
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Mar 4 2019, 08:42 AM
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#4
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960 posts Joined: Mar 2018 |
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May 3 2019, 05:58 PM
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#5
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960 posts Joined: Mar 2018 |
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 |
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Jun 13 2019, 09:52 AM
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#6
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960 posts Joined: Mar 2018 |
QUOTE(AskarPerang @ Jun 3 2019, 02:01 PM) No bidder yet again. 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)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] 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 |
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