but for some reason there is also only a 5% drop from the previous auction price ;(
Others Recommended listing of property auction / lelong!, all info you need to know inside......
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 May 3 2019, 01:54 PM
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#1
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Senior Member
980 posts Joined: Apr 2010  
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May 4 2019, 08:33 AM
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#2
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980 posts Joined: Apr 2010
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QUOTE(AskarPerang @ Apr 28 2019, 07:46 PM) Yes, can. Even if you are only (sole) registered bidder, you can choose not place any bid and wait for next round. I thought once you enter thus have given your10% deposit, it is non refundable... unless you lose the bid. But plenty of example, when next round price is 10% cheaper, will attract many bidders. End up price higher than the previous round (the price you choose not to bid even when you are the only bidder). So end up defeat the purpose of not bidding, hoping to get cheaper price.  On the POS it says that we have to complete the purchase price within 90 days but what if the loan takes longer than that? It doesn’t say how much the penalty is. Many thanks in advance |
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May 6 2019, 02:46 AM
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#3
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980 posts Joined: Apr 2010
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Thank you very much for your advice AskarPerang.
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