Mostly the apartment, condo, flat will auction at auctioneer office.. for those landed property with master tittle will be auction at high court or land office.

for cheap auction unit, sure got alot bidders.. but, can be settle or negotiate before the auction. example, Rm100k bidding price. market is Rm150k. if got 3 bidders, can offer to them Rm1000-2000 per person. so, u still can get a cheap property.

dont forget property gain tax has waive from goverment since April 2007
goverment stamp duty also will be waive soon....