Auctions and losing face

Ng Chan Mau & Co Sdn Bhd

PETALING JAYA: Selling properties by private auction can sometimes offer better exposure, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS).

President Michael Kong said: “In the heat of the moment, prices may be bid up. It does not mean that the property is being foreclosed.”