Erm, sorry. Don't really get you. Are you saying that all the roadside advertisements has ulterior motives, that is to mark down market value of that area?

Not true la. These people are out to make money. If you contact them, they will give you info on the auction which they can either claim commission from you or from the bank or some even worse, claiming from both. I don't think it will reduce the property price as most people nowadays are not that dumb. They would do their homework and ask around before selling their house.

In-laws pressure huh?

The best way to find out your house value is to ask for a bank valuation. Bear in mind also, different banks differ in their valuations. But it'll give you a good estimate. The lelong advertisements you see are normally 20-40% below bank valuation, depending on your area. Agents like to pin up the most attractive offers in your neighbourhood (the lowest). Why? Simply, they will get more leads, and subsequently more customers due to the attractive pricing. The better/lower the reserve price is, the more agents will stick their advertisement. All want a piece of the action. Hence, you see a lot of lelong ads. It has nothing to do with them conspiring, they simply want to cari makan. All the many ads you see might actually just come from one auction case but different agents. And they never bother to remove their ads after the auction too. So you have accumulation of ads sometimes.

Last time, I also receive a call from somebody trying to buy my house at the price quoted by the auction price on the ad in my area.

I told him off, "if you can buy at that price, go and buy and don't bother me !". 

If you are free, go and remove all the banners because the majlis are mostly lazy people. They will thank you for removing for them. 

Actually, it is illegal for them to post all these banners/ads everywhere. It was reported in the Star newspaper, they can be fined.

the agent is trying to cari makan from the title search and commission if their client successful winning the auction. they r putting advertising the lelong at reserve price. means, the price may or may not increase. even if the auction got called off, they may get the commission from the tittle search service they offer to client[s]