WHAT ARE THE TERMS THAT WE AS BUYERS OR INVESTORS SHOULD CONSIDER?

Every single auction has their auction date fixed. Before the auction, all potential buyers or investors are advised to collect a copy of the Proclamation and Condition of Sale from the respective appointed auctioneer. These are all the terms that buyers or investors should understand carefully all the terms and condition and to check the property themselves.



List of items to check before proceeding with the auction:-

i) Outstanding maintenance charges, quit rent and assessment.
ii) Outstanding electric, water and indah water bill.
iii) Outstanding sinking fund
iv) Occupancy status of the property
v) Accuracy of the addresses printed in the proclamation of sale
whether is tally with the property to be auctioned
vi) Check the status of the developer if type of property such as
flats, apartment, condo, shoplots or even now landed properties under strata title
vii) Bumiputera or non –bumiputera property
viii) Low cost or non low cost property