Online bidder register here?

https://elelong.kehakiman.gov.my/BidderWeb/Account/Register

Now learning...Hope not too late

On9 bidding same as being there itself ? By if U go there have to put up a 10% bank draft to go into the auction room, right ? So how about on9 bidding ?

The infrastructure for online bidding is not that ready. I still think it is best to come down to the auction hall yourself. You can see how a few auction house has failed in implementing the system, lag, crash etc.

If you are in the hall, you know what's going around but imagine if you are in your bed and suddenly the number isnt moving, your bid isnt taken, your system suddenly isnt working, who to blame? You are going to lose the auction just like that.

Plus your presence plays an important role in intimidating other bidders.

Same. You have to bank in the 10% amount to the auctioneer when registered online at least 1 day before. But refund process will take few days tho if you are the unsuccessful bidder.

i clicked into the website Auction list. It shows all Pahang properties, not other states.

Means better to go bid in the auction room cos can take back the bank draft immeidately after the auction, right ?

Yes but not all property will auction at the same state the property is at.
Coz in KL you can still find property being auction all over malaysia. Like Sabah, Sarawak. So online bidding will serve the purpose for those ppl there buying the property over there and the auction is held in KL.

Part 2 of that low cost lelong unit. No wander hit above 200k. This is not the first time. Last year unit there sold via lelong at 267k for a 650sqft low cost flat! Wow!

Do we need to pay snp fee when buy auction property?

Just like you buy subsale.

Thanks.

8 Petaling size 2024sqft unit sold at 720k today in lelong market.
5 on site bidder + 2 online bidder = 7 bidders
Reserve price started at 626k.



Video online + on site bidding of the unit:

Thanks for the info, bro

Sorry i noob, why so many ppl in the hall? Are they all registered bidders?

This is public auction. Open to all. Anyone can enter. Free viewing. And free food too. Haha.

As compare with high court auction. Is close door. Only registered bidder or authorized nominated representative of bidder can enter.

Free food - what food n drinks they provide ? Where is the auction held ? Normally how many properties being auctioned ?

This post has been edited by topearn: Apr 4 2018, 09:17 AM

what happened if u won an auction, but later found out the house is a bumi lot and u r not?

will deposit get burn?

If the bumi lot restriction is not stated in the POS, then you will get back the 10% and the unit will reauction back at the last reserve price with bumi lot restriction imposed.

Problem is got some over confident buyer, after winning straight cleared all the outstanding amount with own money. Those of course not able to claim back and will be considered burnt. New bumi purchaser after that will be happy and surprise to find the lelong unit that come with zero outstanding.

Got real case happen for Vista Alam unit. And the chinese bidder actually paid side deal another 2 bidders not to bid for rm5k each. All his effort wasted.

This post has been edited by AskarPerang: Apr 6 2018, 08:04 AM

Can cari makan by telling serious bidders to pay me RM5K so I won't bid also ?

Ya can I join cari makan too?