Property owners rely on auctions instead of agents

By THEAN LEE CHENG

Ng Chan Mau & Co Sdn Bhd

PETALING JAYA: Property owners are auctioning their real estate amid a weak secondary market instead of relying on agents, according to auction houses.

The property market is divided into the primary market where people buy from developers, and the secondary or sub-sale market where they buy from owners via agents.

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