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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Monthly Plan

RM 13.90/month

RM 8.34/month

Billed as RM 8.34 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 7.40/month

Billed as RM 88.80 for the 1st year, RM 148 thereafter.

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property , auction , Ng Chan May , agents , weak , market ,

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