If no then even harder to sell.

Is Plenitude selling auction property?

No.

Plenitude has some 2 storey New houses going at above Rm700K now.

If strong buy why Datuk Gan disposed at 46 sen?

17-Aug-2017 Insider DATO' GAN NYAP LIOU @ GAN NYAP LIOW (a company director) disposed 4,904,992 shares at 0.458 on 16-Aug-2017.
https://klse.i3investor.com/servlets/forum/800001957.jsp

Posted by Larrytrader > Aug 18, 2017 09:36 PM | Report Abuse
yes strong buy but beware if goes too high

Is Plenitude selling auction property?

Going once, going twice ...

MANY youngsters and new job seekers are now looking to buy property from the auction market because it is cheaper.

Auction specialist Leslie Low says thanks to property websites like Propertyguru, Propwall, Mudah.my and iProperty there is ample information available, and this has helped to elevate the auction “game” to another level.

“New property launches are too expensive for those just starting work.

“They cannot afford to buy from the secondary market either, so we are seeing a trend of the young generation starting to hunt for auction properties as their first house.’’

In the auction market, Low estimates that about half of the bidders are investors and speculators while the other half are end users, people who are buying the property to live in.

“Of the end users, half are in their 20s.

“If the youngsters have saved enough to be able to put down the 10% deposit (of the reserved property price) to make a bid, they will go for it.’’

He says “upgraders” make up the other half of end-users. Upgraders are those who already own a property but want to upgrade to something better or bigger – for instance, someone who owns a flat wants to upgrade to a condo or landed property, and so on.

Low says some 20 years ago, it was only investors who were buying property at auctions. They would repair and renovate the property, then sell it off for a tidy profit in the secondary market.

“Auctions have created a lot of millionaires and billionaires in the past.’’

But this has become more difficult to do these days because he says more and more end users are entering the auction market.



image: http://www.thestar.com.my/news/nation/2017/08/20/going-once-going-twice-nowadays-its-not-just-real-estate-speculators-who-attend-property-auctions-p/~/media/9bb5f2f56109423b9e096305ab3f26fa.ashx?h=401&w=600

Growing market: People are now becoming more drawn to property auctions because they can get property for cheaper than the market price.
Growing market: People are now becoming more drawn to property auctions because they can get property for cheaper than the market price.


Crowded field

Two decades ago, he says, there would be only two or three people bidding for a property, but these days as more people come to know about property auctions, it is common to have 40, 50, 60, even 80 bidders vying for a particular property.

“Investors cannot really compete with end users because end users are willing to bid close to the market price for a property they plan to live in, whereas investors will stop bidding at a certain price because they need to keep a profit margin.’’

The reason people are keen on property auctions is, of course, because the auction reserve price – which is the bidding starting price – is always attractive.

“You can find properties for which the reserve price is 30% to 50% below the bank’s valuation.

“A bank can value a property at RM800,000 but its auction reserve price can be RM400,000,’’ explains Low.

The final price, however, can be closer to the bank’s valuation. As Low explains, “hot” properties in the Klang Valley can have a low reserve price that attracts many bidders – “and when there are so many bidders going for that property, it gets bid up to the market price or near it’’.

Low says in Klang Valley suburbs like Taman Tun Dr Ismail, where the supply of property is limited and no other houses are for sale, there have been cases when the price of the property being auctioned goes higher than even the market price.

But, he adds, “This is very rare. And it is because the bidder is an end user and really wants to live there.’’

With the economic slowdown, the number of people defaulting on their housing loans has been on the increase. Which means more properties are being auctioned off these days.

Low says for this year, 2,500 houses have been auctioned off on average every month.

“This is a 10% increase from last year. And if you compare it to 2013, it is a 50% increase because back then the monthly average was 1,000 to 1,500 auctioned off houses.’’


Read more at http://www.thestar.com.my/news/nation/2017/08/20/going-once-going-twice-nowadays-its-not-just-real-estate-speculators-who-attend-property-auctions-p/#gpvOBgArzqoMSjLp.99

Oil drop why can up?

Oil drop why can up?

Is coming QR profit above RM 100 million?

Will last year good QR repeat? If not how?

YTD still big up? Why avg TP only 13 sen?

Why loss QR not a problem here?

http://www.theedgemarkets.com/article/gatewayklia2-not-spared-retail-woes

Are they in i3? How to detect?

稻田·* 片片绿青~粒粒芳香 TheCon bro...

nvm.. we wait syndicate tell us more
16/08/2017 15:46

MTouche drop no effecting OSK VI? Why?

Can 3iii analyse why Penta is still worth paying at RM 4.63? I like your analysis in Hengyuan but can you do similar analysis here?

3iii <<<Posted by Edwardong53 > Aug 16, 2017 03:23 PM | Report Abuse

Congrats to all penta buddies!!!>>>

TQ
16/08/2017 15:55

3.28 cheap? Why EPF never buy more?

How can Ng Wai Pin stop buying? No more money?

Puncak also cash company after disposing water business. How is it now?

So now is purely goreng? Why Patrick Grove must dispose at lower price? Why those buying now think different from him?

leslieroycarter Rev got 12 months to secure a new business or else it will be classified as a cash co or PN 16 . Hope the 2 appointees will not fail us....
16/08/2017 16:33

If same house cannot sell for 6 months to 1 year can staffs volunteer no pay? If cannot loss QR coming? RM 50 million loss?

Kenanga TP 75 sen.
https://klse.i3investor.com/servlets/ptres/41648.jsp

Why HLG TP RM 1?
http://klse.i3investor.com/servlets/ptres/41657.jsp

QR out on 18th(Fri)? If loss QR again how?

If BN fall in GE 14 will G Kent, Johan still good?

If Korea goes to war good for Lotte?

http://www.msn.com/en-my/news/world/south-korea%E2%80%99s-leader-bluntly-warns-us-against-striking-north/ar-AAq9LMM?li=AAaD62f&ocid=spartanntp

Heard China capital control mean Greenland money won't come soon. Might be delay 5-10 more years.

If coming QR loss how?

ROI 300% less than 1 year selling now where else can find?

Lee Yih Yeong just get info that top shareholders BK Chang is unload bullet.
15/08/2017 17:51

Beg to differ. If 1Segamat good why Ecofirst need to sell? See how CMMT perform after buying Tropicana mall.
Read more at http://www.thestar.com.my/business/business-news/2017/08/15/1segamat-shopping-centre-to-drive-hektar-reit-earnings/#aXYfZ9R2YBZ0UYKC.99

Why say rubbish when AAX keep dropping? Run asap before reach 28 sen.

Posted by Ibi_chan > Aug 15, 2017 10:48 PM | Report Abuse
So TP of 28 cents is rubbish?

Thursday petrol drop?

Macquarie buy at 98 sen and dispose at 1.1? So easy profit for them.

EPL season just started. VT must spend big?

RI not yet over where got money to carry out contracts?

Crude oil drop good for Dnex?

ECRL goes to China company so left bones for steel stocks like Hiap Tek? 20 sen coming.

1 million shares avg cost 32 sen if sell at 34 sen is RM 20 K profit in 1 week.

Why Ng Wai Pin no more buying? He take 1 sen profit?

Crude oil drop. Can save money on petrol. Hurray.

Poor QR coming?

Lee Yih Yeong just get info that top shareholders BK Chang is unload bullet.
15/08/2017 17:51

Mr Fake why again send me catalogue same house cannot sell? You mentioned give rebate RM 60 K because Merdeka 60 years coming. So desperate?

Mackuali mau kuali orang M'sia?

BabyTA all the people playing warrant think mackuali stupid let them goreng lol, now die
15/08/2017 09:27

Lotte push up to help CW? If not all CW holders die. Very unfair only 1 ctr take care.

Lotte push up to help CW? If not all CW holders die. Very unfair only 1 ctr take care.

Raider no integrity? Very bad lo.

Why PM no more talk abt BM but only ECRL?

Pay dividend to lure more people to take right issue is a cheating company. Why need RI at all? See same thing happened to L&G. What happen now? Run while you can. RM 1 coming.

Posted by Yippy68 > Aug 13, 2017 01:39 PM | Report Abuse
AK2899, i hope i am not who you refer to from pasar malam. i ever made 500k from hektar after 8 years invested... i bought the right at 8 sen and sold at 12 sen for a profit of 50% nett gain 20000 in 5 days. why i sold and not taking up, it is due to the financial condition of Hektar may not be so good , using the right issue money to pay fantastic never happened high dividend, That itself sound weird, let see after the EX- date.

Koreans ruthless and unpredictable. Kim Jong Un can kill can Kim Jong Nam doesn't mean they cannot kill(cheat) us.

Posted by apolloang > Aug 7, 2017 12:01 PM | Report Abuse
no lah 5.00 privatize but in 6 years just like the old titan. so even at 4.00 u buy only can make 25% in 6 years,not worth it.....hahaha

RM 3 Korean privatise Lotte again?

Busy cutting loss but shy to admit?

Posted by georgecostanza > Aug 3, 2017 06:03 PM | Report Abuse
almost every week down 5 cent leh...mana calvintaneng?