Truth be told, nowadays, properties with caveat, orang mati dalam peti sejuk, left only 4 walls, in front of a sewerage treatment, no. 4, end of T junction, below road level, or whatever disability or bad feng shui, you can be sure there are other bidders. So unless you are keen on that particular property and has the spare cash in case you cannot draw down in 120 days (which can happen even in smooth sailing cases), don't even go if you have other worries like caveat. Which is why I feel a caveat nowadays is meaningless. No one is scared of it.

Bank will not pay a cent to remove any caveat whether before or after the auction. You are on your own. But high court overrules everything. If anyone else dares to enter a caveat after the auction, then they need to prove caveatable interest. The only unfortunate thing is that in Malaysia's Land office, apa apa pun boleh jadi.

Is this a low or medium cost house? I don't think your agent is trying to scam you as it is a freehold and not bumi/malay reserve. And the fact that it is a high court auction, transferring to your name should be okay.

Your friend's lawyer's story a bit weird. I can only construe that it might have been a LACA case where the bidder failed to check the status of the land. And it is a bumi lot hence non transferrable to non-bumis. So I don't think a non-bumi lot can suddenly be changed to a bumi lot unless in between a bumi bought it.

I think 120 days not enough.

No problem. Always happy to share whatever little i know. Good luck in your auction quest.

6 years.

Yes, still alive but in Kopitiam@lowyat reading through silly postings to pass time. Do go to propertywtf.com.my sometimes too as the admins there are more professional when it comes to property matters. But decided to refrain from giving public advices here since moderators are not appreciative of quality info and would allow IMHO very bad infos to be passed on (read jalsrix case). I come online on a voluntary basis to pass on my best of experiences but since it was not appreciated, why should i make this forum viable? I am still contactable by private message and still offer advices there.

Just a short update, did not buy any auction properties in the last 24 months. Mainly into commercial land at the moment. Not interested in industrial, residential or agri land. Been selling more than buying as I personally believe that the property market should see some correction in the next 36 months. Next phase of growth should be KV properties but let Iskandar have its day first before proceeding to KV. Don't over commit in Iskandar or it may be your Waterloo. Cheers all!

My deepest apologies for not coming into this thread for 2 years. Never realise I have given up properties that long. Allow me to digress a little. Properties had served me well from 1998 to 2014 when I bought my last commercial land. I have experimented and played with different class of assets in that period. From agricultural plantations to auctions to low costs to apartments to commercial lands. From 2014 onwards decided to pursue pure business and managed to grow it.

Auctions will never return to its previous glory as the entire market is quite liquid. Many are holding or hording cash which made auction less viable as every now and then you will get a spoiler, ie someone who would actually fight until die. So decidedly in the laSt few years I have not touched auctions. My personal take is to refrain from auctions unless u have plenty of time to kill.

Now I am into buying properties in when handing over jittery owners will sell at below their purchase price. But rather than hoping for investment grade or capital appreciation, I am trending on lifestyle investments. That is to buy properties which I can derive fun and then using Airbnb money to pay mortgage. In return hopefully doesn't lose much in cspital. Money cannot buy happiness but I think it can buy you lifestyle. Haha..