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We are one of the pioneer auction house in Malaysia. We have been established since 1989, with a history of providing professional auction services. Our new online bidding platform is to provide a better and more efficient services to our clients and also to attract a larger audience to our auctions.
- Propertyauction
PropertyAuction
- Kuala Lumpur
Double storey terrace house: Size: 1873sf: Address: No. 5,...
- Johor
description: four (4) adjacent plots agricultural land...
- Sabah
Description: A corner apartment unit situated on the 6th...
- Bank Loan Calculator
No.16, 1St Floor, Lebuh Sungai Pinang 5, (Karpal Singh...
- Penang
Information on Malaysia auction foreclosure properties, real...
- Propertyauction
Mar 16, 2021 · Welcome to one of the pioneer auction house in Malaysia, Property Auction House Sdn. Bhd. We have been established since 1989, with a history of...
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SIM POLENN is the Director of Henry Butcher Art Auctioneers (HBAA), the pioneer, professional, leading art auction house in Malaysia that continuously practices transparency. Up to date, in a decade, more than 2300 pieces of artworks (90% Malaysian Art) had been auctioned off, recording sales of more than RM 50 million.
- What Is An Auction Property?
- What Happens If A Property Is Unsold at Auction?
- 8 Hidden Costs and Issues When Buying An Auction Property
- 4 Most Common Mistakes When Purchasing Auction Properties
- Is It Good to Buy Auction Property in Malaysia?
A property is usually put up for auction when the property owner defaults on loan payments, which then leads to foreclosure by the bank. There are two types of property auctions in Malaysia, namely: 1) Loan Agreement Cum Assignment (LACA) auction –For properties without individual or strata title, also known as “master title properties” that are au...
During an auction, the public can place bids on the property and the highest bidder wins. You’re eligible to purchase an auction property as long as you are 18 and above and of sound mind. But what happens if the property is not sold during the auction? In that case, the reserve price will usually be 10% lesserthan the reserve price in the previous...
The auction property market is usually dominated by seasoned investors. If you’re new to the auction property market, take care to perform the necessary due diligence to spot all possible red flags. That could include difficult tenants, too-good-to-be-true deals, encumbrances and dilapidated properties. Always factor in the outstanding fees and cha...
Here are the 4 common mistakes when buying an auction property in Malaysia, as pointed out by Yee. 1) Overbid the reserved pricewhen becoming too emotionally involved or wanting to win due to ego. 2) Can’t get a loanwithin the stipulated duration of 90 days or 120 days when the auction property comes with caveats. As such, the 5% or 10% deposit wil...
While prices of auction properties are much lower than those in the primary and secondary markets, they come with their share of risk. As always, it’s always important to weigh the pros and cons, understand the entire process and the cost, and know where to find auction properties(physical auctions and online auctions). “Purchase of auction propert...
Mar 1, 2023 · Are you thinking of bidding for a house in Malaysia? Read these pros and cons of buying an auction property to fully understand the risks and potential benefits.
Nov 9, 2021 · 1. Cheaper house prices. The first and most obvious reason to buy a house at auction is the cheaper price tag, usually way below the market rate. Not constricted to the size or the area, you could find a suitable house that is typically out of your price range.
Nov 8, 2023 · Discover properties for sale. 5 Steps To Take Before Joining A Property Auction. Without a good grasp of how property auctions work and what you should do, you could end up bidding your way towards disaster! Here are 5 useful things you can do before participating in a property auction. 1) Explore the property.
