Depends mate - I saw one land office auction - reauction after bidder default at 10% down

Yes subsale selling for 150k market price today. Of course investors not qualified to buy those low cost unit via normal subsale method.

Hi sifu, based on the claused in POS " Any arrears of quit rent, assessment, taxes, rates and maintenance charges which are lawfully and rightfully due and payable to the Developer and/or other relevant authorities up to the date of the auction sale shall be paid out of the purchase money"

Example all those arrears at RM 20k, i won the bidding at RM 500k, so "all the arrears shall be paid out of the purchase money" mean the RM 20k will pay from the RM 500k? so literally means me as the winner bidder no need to fork out extra $$ other than the RM 500k?

Some said if auction by high court, then bumi lot is ok to buy for non bumi. But hearsay only, i am not sure how true is it, as the money is your own money, better check with lawyar and lelong agent before bidding

That is some cases the auction unit reauction in next few months, as non bumi bidder successful bid from bank auction but they do not realize it is bumi lot. In the end, the bidder forfeit the deposit.

Unless the bumi lot is extremely low price, if not i rather buy from subsales than auction unit.

If the second highest bidder was a bumi, then the non bumi has denied the bank from selling to the bumi.

If the deposit is to be refunded, who will pay for the cost of conduction the auction  ? Charged it to the loan borrower defaulter ?

Is bidder responsibility to know what he is bidding from the POS.