Sure or not ? 4500 sqft build up ? If land area is 22x80 and double storey and each floor build up is 22x60 x 2 floors = 2640 sqft.

you mean to say all of the companies fraud the financial statement and have been doing that for ages consistently and auditors and bursa passed their financial statement?

This post has been edited by gld998: Oct 23 2018, 09:02 PM

Bungalow lot meaning empty land?

4500sq of empty land rite?

300% means if they sell u a 1mil home, their cost (land cost+construction cost) is only 300k.

Am not from deelopment co and not sure if that even possible

Mind you that is just for house, excluding sui sui landscaping streetscaping and land allocation foc for schools surau and other amenities..

Its just land size. The buildup area is ard 2100 sqft

The answer is no as long as u didnt bid.

Akward situation to be in la, u sit there and the auctioneer stand there, and u two eyeball each other for 5 mins then tutup lelang.


Well dont sneeze or scratch head or dig nose safe lo. Sneeze can be like nodding head, scratch head like angkat tangan, dig nose with finger upwards like wanna raise hand with finger upwards.

Yup this situation happen just now. Special case.
Later I share.

you the one inside?

IMO the right question to ask is why you register to join the auction in the first place when you have no intention to buy? Just look see look see or a drastic change of mind last minute? Either way if you don't bid the auction is considered unsold. They can't force you to buy.

Good sir will be waiting for your enlightenment. cheers.

be careful if you are buying lelong, you have to be really sure about the subsale price so you won't be buying the unit on subsale price.

2 bidders register for this lelong unit. both also refuse to bid.
after 10 mins, auction called off and declared as no bidder.

But you have to take the risk. Jurisdiction totally down on the auctioneer and lawyer on site. So are you willing to risk the 10% cheque and try your luck register to bid but not bidding?

this case is diff, auctioneer increased the reserve price on the spot (thot that 2 bidders will accept higher price and start bid), but both refused. i think both hope to win at original reserve price.. if the auctioneer start from the original reserved price , maybe can get slightly higher price.

go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered.

As mention previous, case by case basis. But are you willing to take such risk?
Here an example, still can pull out even after being declared as the only registered bidder:

I am asking this is because there got 2 units will be have the auction at the same day and the price is really low. I plan to buy 2 bank draft to try for this 2 units, in case first unit have other bidders and I lose, I can go for second ones. If the first unit I am only single bidder and I win, then for second unit I don’t wan anymore, but second unit also only me is the person to register, I afraid I will force to buy it also. Btw, I am bid for own stay, so scary later have to sapu for 2 units together...

Until bidder raise his hand to make a offer e.g at reserve price else registered to bid is non binding as it is only express of interest not a offer.

Guys sorry different question, anyone tried ng Chan mau online bidding, is it better than manual one?

Yes. Better for me. I bid from SG for auction property. Dont have to squeeze with all the siao lang and all the underhand ghost bidders, shark lawyers etc. If above my budget, i just dont bid. Less emotions and more profit focus with less distractions.

This post has been edited by gld998: Oct 26 2018, 08:30 AM