RM10m Worth of Properties Sold at Night-time Property Auction

22 Jan 2019

 

A recent night-time property auction fair by Ng Chan Mau & Co Sdn Bhd for 150 properties attracted more than 100 bidders, reported The Star.

Conducted for RHB Bank, the auction was held at Ng Chan Mau & Co’s auction hall at Megan Avenue 2 Kuala Lumpur.

The first property fair that was held on such a scale, the auction saw RM10 million worth of properties sold over 90 minutes of bidding.

Low Chee Hian, business director at Ng Chan Mau & Co, said he was happy that the auction saw overwhelming response from buyers.

“This is the result of our 40 years of goodwill reputation in the auction market, as well as our strong marketing and customer service,” he said.

“Although the property market has generally soften, I think home buyers and investors will still buy if the property and price is right.”

Low was also glad that their efforts and hybrid auction platform was able to deliver a fair selling price for RHB bank and their borrowers.

 

Image source: The Star

 

Win up to RM3,000 CASH just by sharing your thoughts on the Malaysian property market! Take the PropertyGuru Sentiment Survey here

POST COMMENT

You may also like these articles

Building Housing on Existing Bukit Kiara Longhouse Footprint Possible

 It is possible to build housing on the existing footprint of Bukit Kiara longhouse in Taman Tun Dr Ismail, if profit will not be the main agenda of the developer.“I have received outside opini

Continue Reading16 Jan 2019

Residents Sleepless over Large Sinkhole

 After many sleepless nights, residents of luxury semi-detached bungalows in Bandar Sri Damansara, Petaling Jaya wanted to know the action taken by the Petaling Jaya City Council (MBPJ) over the

Continue Reading17 Jan 2019

Owner of ‘mystery Buildings’ Urged to Come Forward

 The owner of two “mystery buildings” built on land owned by the Federal Territories Land and Mines Office on Medan Imbi is given until the end of this month to discuss possible options with

Continue Reading17 Jan 2019

Ministry to Build One Million Homes in 10 Years

 In a bid to help more people get up the property ladder, the Housing and Local Government Ministry eyes to build one million affordable homes in 10 years, reported Bernama.Housing and Local Gove

Continue Reading18 Jan 2019