Pre Auction
Properties Seekers
Browse Lelongtips.com for properties base on your preferred
location. Print / print screen the page with full address and info for your
visit. Inspect the property for its location and external condition if it is
not vacant.
Pre-Registered
Bidders
Contact 1700816988 to submit your bidder registration to get
a copy of Proclamation of Sales & Condition of Sales. Read and fully
understand the terms and condition of sales. Bidders must prepare 5% / 10%
Cashier's Order or Bank Draft of the reserve price for each property that you
wish to purchase.
Auction Day
Registration
Bidders should bring along all the require document (Refer Document required for auction)
to the auction. You should plan to arrive 30
minute prior to the Auction to complete the registration process.
* Auctioneer may withdraw last minute due to owner
settlement or documentation incomplete.
During the Auction
Auctioneer will start the auction after they had announced the
importance clause written on the condition of sales provided. Listen to the
auction proceeding carefully to avoid awareness. Raise your hand or bidding
card to increase the price base on budget. (For property which has no bidder
may get at reserved price if there is only bidder). Auctioneer confirms the final
bid by the highest bid.
Post Auction
Successful Auction
Proceed to the counter you registered to sign memorandum of
contract. Fees of stamping need to be settle on the day itself for auctioneer
to proceed the stamping.
Arrange panel lawyer experienced in auction sales for
transfer of property & Arrange banker for property financing/loan.
Unsuccessful
Auction
Proceed to the counter you registered to take back your
relevant document and bank draft.