Sunday, April 1, 2012

Auction Procedure

Auction Procedure
Auction Procedure
Never been to an auction?


Step by step guide to bid during an auction


  • Identify the property
Take note of the desciption,address and the relevant information of the property you are interested in.
  • Inspect the property
Inspect the property concerned to understand better the state and condition of the property.
  • Do a search on the property
Do a general search or seek independant legal advice on the property.
  • Call the Auctioneer / Sales Agent
Call the auctioneer or sales agent to obtain any other information needed of the property.
  • Prepare bank draft
Prepare a bank draft equivalent to 5% or 10% of the reserve price.Be prepared to topup the difference between the 5% or 10% of the reserve price and the 5% or 10% of the fina; sold price immediately after the auction.
  • Register on the the auction day
On the day of auction,register with sales agent and obtain a copy of the Term and conditions of sale from the auctioneer.A bidder's card with number will be issued to identify the registered bidder during the auction.
  • Read the condition of sale.
Take your time to read and fully understand the "Term and Condition Of Sale"and seek clarifications from the auctioneer before the auction commences.
  • Bidding
The Auctioneer will announces the commencement of the auction,bidder is to raise his hand to signify his interest to bid for the property.
  • Sign the contract.
Congatulations!
    Sign the sales contract.Bidder will be advised to collect the stamped contract at a later time.Agent will arrange for financing loan.
    • Successful Bidder
    The successful bidder is identified as the highest offeror during the bidding process.When the auctioneer's hammer falls,property is sold.

    Wednesday, March 28, 2012

    Rumah Lelong Penang April 2012

    Listing for auction house penang april 2012



    Auction Date: 03/04/2012
    Auction Place: At the Auction Room, High Court Penang (Registration before 9.30 am)
    Auction Time: 9.30 am
    Property Description: Single storey terrace house
    Land/Floor Area: (approximately in sq. feet)1,238 Sq. Feet.
    Tenure: Freehold
    Property Address: No. 630, Jalan Damai 4/1, Taman Damai, 09400 Padang Serai, Kedah Darul Aman.
    Reserve Price (RM): RM 63,000.00

    Auction Date: 04/04/2012
    Auction Place: At the Auction Room, High Court Penang (Registration before 9.30 am)
    Auction Time: 10.30 am
    Property Description: 2 bedroom low cost flat
    Land/Floor Area: (approximately in sq. feet)512 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 4C-8-13, Lorong Semarak Api 1, Bandar Baru Ayer Itam, 11500 Ayer Itam, Pulau Pinang.
    Reserve Price (RM): RM 54,000.00

    Auction Date: 17/04/2012
    Auction Place: At the Auction Room, High Court Penang (Registration before 9.30 am)
    Auction Time: 10.30 am
    Property Description: 2 bedroom walk up flat
    Land/Floor Area: (approximately in sq. feet)624 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. A-4-6, Taman Sri Indah, Lintang Batu Maung 4, 11960 Bayan Lepas, Pulau Pinang.
    Reserve Price (RM): RM 44,000.00

    Auction Date: 17/04/2012
    Auction Place: At the Auction Room, High Court Penang (Registration before 9.30 am)
    Auction Time: 10.30 am
    Property Description: 2 bedroom low cost flat
    Land/Floor Area: (approximately in sq. feet)528 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 3-04, Blok A1, Medan Kikik 3, Taman Inderawasih, 13600 Perai, Seberang Perai Tengah, Pulau Pinang.
    Reserve Price (RM): RM 25,000.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Single storey terrace house
    Land/Floor Area: (approximately in sq. feet)1,302 Sq. Feet.
    Tenure: Freehold
    Property Address: No. 11, Jalan Tasek Mutiara 1, Bandar Tasek Mutiara, Simpang Ampat, Penang.
    Reserve Price (RM): RM 112,500.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)1,036 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 9-31-4, Jalan Bukit Kukus, Bukit Awana, 11060 Penang.
    Reserve Price (RM): RM 76,950.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 2 bedroom flat
    Land/Floor Area: (approximately in sq. feet)495 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 73-8-12, 8th Floor, Block 73, Desa Mutiara Indah, Lebuhraya Batu Maung, Batu Maung, Penang.
    Reserve Price (RM): RM 63,000.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom low cost flat
    Land/Floor Area: (approximately in sq. feet)603 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. A-1-18, Rumah Pangsa Kos Rendah Taman Sungai Bakap Permai, 14200 Sungai Jawi, Seberang Perai Selatan, Penang.
    Reserve Price (RM): RM 36,000.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: A parcel of bungalow plot
    Land/Floor Area: (approximately in sq. feet)4,995 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Lot No. 11387, Mukim of Gunong Semanggol, District of Kerian, State of Perak Darul Ridzuan.
    Reserve Price (RM): RM 54,675.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)310 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. H-2-230, Block H, Laketown Serviced Apartments, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 49,500.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom flat
    Land/Floor Area: (approximately in sq. feet)1,050 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 14-C, Lorong Meranti Indah 1, Taman Meranti Indah, 13000 Butterworth, Seberang Perai Utara, Penang.
    Reserve Price (RM): RM 72,900.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Single storey terrace house
    Land/Floor Area: (approximately in sq. feet)1,098 Sq. Feet.
    Tenure: Freehold
    Property Address: No. 10, Lorong Bidara 19, Taman Bidara, 14020 Bukit Mertajam, Penang.
    Reserve Price (RM): RM 65,610.00

    Auction Date: 26/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.30 pm
    Property Description: 3 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)784 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. MB-8-14, Pangsapuri Delima Intan, Jalan Delima Satu, Taman Seri Delima, 14100 Simpang Ampat, Penang.
    Reserve Price (RM): RM 91,854.00

    Auction Date: 18/04/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 2 bedroom flat
    Land/Floor Area:(approximately in sq. feet)545 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 2-10-B, 2nd Floor, Block B, Taman Kebun Sireh, Jalan Sireh 1, Bukit Mertajam, Penang.
    Reserve Price (RM): RM 26,573.00
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    Thursday, February 23, 2012

    Rumah Lelong Penang Mac 2012 | Auction House Penang

    Listing For Auction House Penang Mac 2012







    Auction Date: 20 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom low cost flat
    Land/Floor Area: (approximately in sq. feet)646 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. B-2-16, 2nd Floor, Lorong Seri Impian 3, Taman Seri Impian, 14000 Bukit Mertajam, Penang.
    Reserve Price (RM): RM 45,000.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)312 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. A-9-927, Block A, Suria Laketown, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 47,385.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 2 bedroom cluster flat
    Land/Floor Area: (approximately in sq. feet)570 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. 1-1, Block No. 26, Jalan Pengkalan Machang, Taman Desa Murni, 13800 Butterworth, Seberang Perai Utara, Penang.
    Reserve Price (RM): RM 23,916.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)936 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 1-3A, 1st Floor, Taman Mesra Indah, Jalan Mesra Indah, Butterworth, Penang.
    Reserve Price (RM): RM 87,480.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)1,036 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 9-31-4, Jalan Bukit Kukus, Bukit Awana, 11060 Penang.
    Reserve Price (RM): RM 85,500.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Shop lot
    Land/Floor Area: (approximately in sq. feet)552 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. 33-4-51, Jalan Lim Chwee Leong, Prangin Mall, 10100 Penang.
    Reserve Price (RM): RM 182,250.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)315 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. B-3-310, Block B, Suria Laketown, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 37,201.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: A parcel of bungalow plot
    Land/Floor Area: (approximately in sq. feet)4,995 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Lot No. 11387, Mukim of Gunong Semanggol, District of Kerian, State of Perak Darul Ridzuan.
    Reserve Price (RM): RM 60,750.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom flat
    Land/Floor Area: (approximately in sq. feet)1,050 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 14-C, Lorong Meranti Indah 1, Taman Meranti Indah, 13000 Butterworth, Seberang Perai Utara, Penang.
    Reserve Price (RM): RM 81,000.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 2 bedroom flat
    Land/Floor Area: (approximately in sq. feet)545 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 2-10-B, 2nd Floor, Block B, Taman Kebun Sireh, Jalan Sireh 1, Bukit Mertajam, Penang.
    Reserve Price (RM): RM 29,525.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom low cost flat
    Land/Floor Area: (approximately in sq. feet)650 Sq. Feet.
    Tenure: Freehold
    Property Address: Unit No. 1-11, Block A, Jalan Pinggiran Alma, Taman Pinggiran Alma, 14000 Bukit Mertajam, Seberang Perai Tengah, Penang.
    Reserve Price (RM): RM 45,000.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)314 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. D-2-246, Block D, Palm View Service Apartments, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 36,450.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)310 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. J-0-005, Block J, Laketown Serviced Apartments, Bukit Merah Leaketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 40,095.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Studio apartment
    Land/Floor Area: (approximately in sq. feet)315 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. A-3-326, Block A, Suria Laketown, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 47,385.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: Single storey terrace house
    Land/Floor Area: (approximately in sq. feet)1,098 Sq. Feet.
    Tenure: Freehold
    Property Address: No. 10, Lorong Bidara 19, Taman Bidara, 11020 Bukit Mertajam, Penang.
    Reserve Price (RM): RM 72,900.00


    Auction Date: 21 Mac 2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.00 pm
    Property Description: 1 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)452 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. A-6-647, Block A, Suria Laketown, Bukit Merah Laketown, 34400 Simpang Empat, Semanggol, Perak Darul Ridzuan.
    Reserve Price (RM): RM 61,965.00



    Auction Date: 22/03/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.30 pm
    Property Description: 3 bedroom apartment
    Land/Floor Area: (approximately in sq. feet)784 Sq. Feet.
    Tenure: Freehold
    Property Address: 
    Unit No. MB-8-14, Pangsapuri Delima Intan, Jalan Delima Satu, Taman Seri Delima, 14100 Simpang Ampat, Penang.
    Reserve Price (RM): RM 102,060.00


    Auction Date: 22/03/2012
    Auction Place: Auction Room: No. 15 & 16, 1st Floor, Lebuh Sungai Pinang 5, 11600 Penang.
    Auction Time: 3.30 pm
    Property Description: 3 storey terrace strata shop office
    Land/Floor Area: (approximately in sq. feet)
    Unit No. 50 -1,064, 50A - 1,071, 50B - 1,050 Sq. Feet.
    Tenure: Lease Hold
    Property Address: 
    Unit No. 50, 50A and 50B, Jalan Perai Jaya 4, Bandar Perai Jaya, 13600 Prai, Penang.
    Reserve Price (RM): RM 405,000.00


    Auction Date: 29/03/2012
    Auction Place: Auction Room: Level 16, Suite 2 & 3, Wing A, Northam Tower, No. 57, Jalan Sultan Ahmad Shah, 10050 Penang.
    Auction Time: 3.00 pm
    Property Description: 3 bedroom flat
    Land/Floor Area: (approximately in sq. feet)624 Sq. Feet.
    Tenure: Lease Hold
    Property Address: Unit No. 1A-14-2, Desa Baiduri, Jalan Ru 1, Bandar Baru Ayer Itam, 11500 Ayer Itam, Penang.
    Reserve Price (RM): RM 80,000.00

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