Visitors looking at the property listings at the carnival.
THE July Auction Carnival 2025 delivered an electrifying experience for both bidders and visitors, marking another milestone in Malaysia’s growing auction scene.
Held in conjunction with Ng Chan Mau & Co Sdn Bhd’s (NCM Co) 38th anniversary at the NCM Co Auction Hall and Megan Avenue 2 Foyer at Megan Avenue 2 in Kuala Lumpur, the cultural themed carnival saw over 700 listings from 13 participating banks and a strong line-up of owner auction and Lapan Art entries.
The event saw impressive digital engagement, recording over 220,000 visits to its auction property listings.
This momentum led to tangible outcomes, with over 200 successful bids securing lots across property, automotive and art categories.
This surge of interest translated into real results.
A total of 120 properties were sold with a combined value of over RM40mil, while 79 vehicles were successfully auctioned off, contributing over RM1.6mil in sales.
Buyers were able to secure deals while owners benefitted from competitive bidding that drove prices upwards.
A standout example was a three-bedroom service apartment in Seri Kembangan Selangor, which attracted over 20 bidders, pushing the property from its reserve price of RM277,000 to a final sale price of RM352,000 – a 27% up bid.
NCM Co director and auctioneer Low Chee Hian said the carnival achieved its goal to attract market attention and real-time competition and achieve fair market value.
“This is our third successful auction carnival and we will continue to make buying properties and car via public auction easy and bring good value for both owners and buyers.”
Beyond the numbers, the carnival delivered memorable experiences.
One of the highlights was a live performance of the Magunatip, or Sabah’s traditional bamboo dance, which had the crowd on their feet, clapping and cheering in rhythm with the beat – a celebration of Malaysia’s rich cultural heritage.
There were also booths setup by banks for mortgage, credit cards, and personal and company loan applications.
Registered bidders received exclusive welcome gifts, while some successful bidders walked away with household electrical prizes such as refrigerators, dishwashers, steam ovens, pressure cookers and steam irons.
As part of ongoing efforts to make auctions more accessible, the art auction featured works from both local and international artists.
The segment drew attention from seasoned collectors and curious first-time buyers, resulting in the sale of 11 art pieces with a total sales value exceeding RM30,000.
For details, visit www.ngchanmau.com or call 03-2162 3333.
