Night-time property auction draws over 100 bidders


Some 150 properties were auctioned at the 90-minute event.

A RECENT property auction fair for a bank attracted more than 100 bidders for 150 properties.

The unique part of the auction is, it was held at night.

It was the first property fair held on such a scale and total sales was RM10mil worth of properties nationwide over 90 minutes of bidding.

The auction conducted by Ng Chan Mau & Co Sdn Bhd for RHB Bank was held at their auction hall at Megan Avenue 2 Kuala Lumpur.

Its business director Low Chee Hian was glad to see the overwhelming response from the buyers comprising new and old faces.

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

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

Low added that he was also happy for the bank because their efforts and hybrid auction platform delivered a fair selling price for the bank and their borrowers.


Central Region

   

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