Nope. Anyone can buy from auction.
But if the unit is a bumi lot, will still follow bumi quota.

This is the only available loophole investors can collect low cost property in their portfolio. And they are willing to bid above market price in lelong.
Now RUMAHWIP, RUMAH SELANGORKU, PR1MA, PPA1M will join this loophole.
Coz under normal subsale, they are not qualify to buy.

Future reselling of the property back again got no info. Need to check with local authority.
Bank just want to recover back their loss.

Interesting sharing. And notice few lelong units under the same owner going under the hammer the same time.



Paloma (CIMB bank): http://auctions.com.my/pictures/pdf/KL20193/PAH29201.pdf
Verve Suite (AmBank): https://www.ngchanmau.com/pos/8894/pos_en?v=1552192046
Owner signed S&P almost the same time (2018). Compress loan?
Studio 14 (Hong Leong bank): https://leongauctioneer.com/property-for-au...on/Details/3242
V-Residensi 2 (RHB): http://www.jtraj.com/pos/80985.pdf
Owner signed S&P almost the same time (2015).

In Malaysia, it's very difficult to chase people away. There is nothing much u can do if u follow the legal way. They can choose to ignore.

For auction property, it's best to bid only vacant unit or abandoned unit (owner run away due to debt).

i hope you have house 6,7,8 and so on. it's like reading fiction! 

typical small time mosquito investor has at least 8 units property, 6 months loan moratorium mean >=48 months free and surplus cash flow. Do you know with this amount of free and surplus cash could hood how many samsui unit or not?