KL auction property market #2 - Downtown Condominium, Bukit Ceylon

Deja Vu time. More than 10 years ago, yours truly bought at auction a freehold 1500 SF 3 bedroom apartment in the heart of KL - the Golden Triangle, at Downtown Condominium for RM200 psf.

I've just spotted another Downtown 3 bedroom unit of around 1300 PSF going for auction this month at RM226 PSF.

What do you think? Is this Freehold Downtown Condominium unit a bargain at RM303,000 or RM226 PSF ?

Post Script

1.Buyers of auction properties at prices that seem "too good to be true" might want to investigate why. Please check out my post on "Five things that can go wrong buying auction properties.."

2. I am not a registered real estate agent. If you are interested in buying an auction property please consult a BOVEA registered valuer or real estate agent.