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Category: Auctions and More

ABCs of Property Investment

How an Auction Drove Home Price Above Estimates

In Malaysia, selling via the auction route is seen as selling of the desperate home owners. It is viewed as the selling of properties where the owners are already in a financial crisis. Only the banks do it as they took back those properties from the owners who could no longer pay their monthly repayments. That’s why they are put up for auction mah…

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brown and gold gavel on brown wooden table
ABCs of Property Investment

150 units of same development in the same auction. Oh dear or wow, got opportunities?

I follow the postings from KL Selangor Lelong Properties in Facebook and I just saw this yesterday. Many weeks back, when I was in Melaka, I stayed at a homestay unit from which I could see this building (in the image). In my mind, I was thinking that this is a very big building and it may take some time for the whole building to be occupied. Even if I am a business, I need to have staying power so that the whole mall have time to build up its visitors number. Now I saw this auction listing.

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