Educating public on auction fairs

  • Business Premium
  • Monday, 20 Oct 2003

Fourteen people bid for a condominium in Kuala Lumpur and pushed the price up by RM48,000 more than the reserved price before the hammer came down at the Kim Realty property auction fair held in Petaling Jaya on Sept 27 this year. 

The 907-sq ft freehold two-bedroom Vista Damai condominium at Jalan Tun Razak was sold for RM309,000 to a “man in black” as auctioneer Leong Wye Hoong called the successful bidder who wore a black shirt. The estimated appraisal value is RM290,000. 

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