yes, that is very general one.
so from my common understanding is, better if we purchase those NEW development's lelongs rather than OLD ones, cause at least we know their condition is better than older ones.
my sis's current place is from lelong, but from what I know is last time, the procedure is very tedious and troublesome, not sure is it her LUCK or it applies to every lelong properties where it took her almost 2 years to get the house key.

Beware.. in lelong banyak hantu.. sengaja raise the price by internal lelong-er..

Tried once.. i bid for the property and one cibai uncle raise 10k.. then i no continue.. but after the lelong.. the unit is still available for next lelong event.. (few unit i saw also same from the day i attend lelong)..

just dont understand those lelong-errr.. want to fast fast sell but want to play this kind of game for higher price.. why not just put the price in first place..

there is willing buyer.. sure will buy if price match.. instead of play highball bidding with those ghost..

Only applicable for private auctions. Reputable auction houses would not do such a thing.
You can't get your deposit back if you win. Unless is a private auction.

Bank lelong or private auction? Bank lelong is impossible. Unless the bankers, lawyers, auctioneers and judge all involved. I almost never seen it before. Only time it happens is if there is a legitimate reason like owner dispute.
If is bank lelong most likely borrower settle lor. Bank call off cost them money. Won't simply call off.

worst is those premium property always call of in last minute ..... wondering who is that hantu

There are syndicates that tried to bid rig. That is rampant. But getting back the deposit is simply not possible. If that happens the bank can get sued in court. Next time if you see that happen, complain to the lawyer, banker or the judge. At least two of them have to be on site during the auction.

PM me which auctioneer that does it. I am in the industry.
Again, very hard to happen. I am not saying 100% it is not going to happen but I have been to more than 100 auctions and have never seen it happen.

The whole lelong industry is shrouded with misconceptions and mystic. The only thing that is true is bid rigging. Even so, that is being stamped out with e lelong.