Dear Sir/Madam,

Welcome all to my Auction Properties portal

If you need assistance and are currently looking for a suitable PROPERTIES such as land, apartment, condo, landed property, shop . ect..... within a reasonable and lower price then market value in all around malaysia, you have come to the right site!

Why Buy At Auction ?

• Smart investments are made as properties are usually purchased at fair market value through competitive bidding.
• The buyers knows the seller is committed to sell.
• In multi-property auctions, the buyers sees many offerings in the same place at the same time.
• Buyers determine the purchase price.
• Auctions eliminate long negotiation periods.
• Auctions reduce time to purchase property.
• Purchasing and closing dates are known.
• Buyers know they are competing fairly and on the same terms as all other buyers.
• Buyers receive comprehensive information on property via due diligence packet.

Who may bid?

Intending purchaser who posses a Bank draft/Banker’s cheque be equal to 10% or 5% (depends on bank’s requirement) of the reserve price is qualified to become a bidder. Qualified bidder may delegate another to act as an agent or representative in his behalf. The delegate is required to submit a Letter of Authority and NRIC card photocopy of the intending purchaser.

What should I bring for the auction?

•    NRIC card to qualify to bid and present it for identification and registration purposes.
•    Bank draft / Banker’s cheque amounting 10% or 5 % (depends on bank’s requirement) of the reserve price to be submitted during registration.
•    Extra fund as additional deposit to subsidize if there is man increment of the reserve price.

What to note at the auction:-

• Always check the specific amount requested and the Bank Drafts/Banker’s Cheque are correctly payable.

• Unprepared and inattentiveness during call bids will make you lose a probable opportunity.

• Certainly do not bring personal or company cheques as Auction deposits.

• To be present earlier to avoid disappointment.

• It is important to listen to the auction proceeding very carefully to avoid unawareness.

• Observe the details provided are correct in the Contract of Sale before endorsement

MY LINK-  www.cbd.com.my/usman