Malaysia Real Estate! Bank public auction industry! Low price! Welcome foreign investors to bid for bids!
On May 10, 2018, our Malaysia finally bid farewell to corruption, the country's future is beautiful! Ringgit (RM) will grow stronger!
The new government is now in transition. In the next 18 months, the ringgit (RM) is expected to remain low for the time being. Now is your best time to invest!
Property Name: Mirage Residence
Distance from the property: KLCC Petronas Twin Towers about 1km
Property Type: Serviced Superior Apartment
Property Age: 4 years (Completed in 2014)
Property ownership: free property
Property Insider: 2 bedrooms, 2 bathrooms, 2 parking spaces (Please refer to floor plan photos)
Interior decoration: Cabinets built/provided by developers at one time, electric stove, hood, built-in wardrobe
Building Area: 130m2 (1,410 sf)
Property Maintenance: Approximate Ringgit 680 per month
Unit number: 22-02 (22nd floor, total 25 floors) Corner unit
Property Address: 39, Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia
Lowest price: Ringgit 1,143,000
Market Value: Ringgit 1,560,000
Save up to: Ringgit 507,000 (30%)
Auction date: February / April / 2018 (Thursday)
Auction location: Kuala Lumpur
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10 steps to buy auction property
(1) Picking and observing the property. The auction property cannot be arranged for in-house inspection. If you need more photos to make a decision, you can ask the agent for it. The photo shown may not be the actual property unit. Please confirm with the agent.
(2) Registration as agent to the agent
(3) Read the POS transaction file, the agent can explain
(4) Check the ownership of the land of the property, the agent can do the service, the service fee is about RM 100-200, the buyer pays
(5) Budget maintenance fees, maintenance fees owed by the owner, utility bills, etc. Agents can do the service, service fee is around 100-200, buyers pay
(6) If necessary, please arrange your own bank loan
(7) To appoint a local lawyer, the agent can introduce
(8) Bring bank drafts with 10% deposit, passports and cash in cash to the bid. The agent will coordinate at the site. If the bid fails, the ticket will be taken back immediately after the auction; if the bid is successful, the contract will be signed immediately on site. Stamp Duty: Ringgit 100 -200, Buyer pays
(9) The next transaction is done by your lawyer. Remember to pay the balance to the bank within three months to complete the transaction.
(10) Check-in property. If there are any obstacles (for example, if the old owner refuses to remove) the agent can help, the service fee is about 2,000-3,000, and the buyer pays.
Frequently Asked Questions and Answers
1. Can overseas investors really buy auction property? Can be bought in the Kuala Lumpur area but must be a condominium with more than 1,000,000 ringgit
2. Why buy an auction property? The seller of the auction property is a bank, you can buy it with confidence, and the price is much cheaper.
3. If I am the only bidder on the auction day, will the auction go ahead? Yes, and you will win the property without competition and at the lowest price
4. What will happen if I cannot pay the balance within the limited three months? The bank will confiscate your deposit and the transaction will be voided.
5. Do I need to pay agency commission separately?
There are other questions? Decided to buy real estate?
Call / SMS / Wechat / whatsapp Agent: Li Aifang Phone 6012-2961477 Ask or register as a bidder.
Press harder, avoid regrets, act as quickly as possible!
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Bidders should note: All real estate auctions in Malaysia may be withdrawn at any time, without notice, for whatever reason. As an agent, we assume no responsibility for the bank’s decision to withdraw the auction and for the information of the advertising error.
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