Most of the lelong units nowadays the owner still staying in it, less and less lelong units are empty units. You just don’t take risks with units where the previous owner still staying. Too madam to get them out.

Make sure unit is empty also if not confirm headache

Go to any auctioneers website, contact them for proclamation of sale, then go do all your land office checking and other checks then prepare 10% backdraft to auctioneer

20% is really really cutting it close. 25-30% better

A lot of auction at great locations nowadays also no takers

Johor a lot buying now are the Singaporeans so no surprise there

This one you pay in advance then submit to the auctioning bank to claim back la. 99% of auction properties are like this, read the clauses in the POS. Rarely got those that you have to bear the previous maintenance fees. You just pay upfront then claim back from the bank fully.

The inside people are not from the banks but from the property sector itself. They don’t want too low price spoil the market.

Pro tip: apply for loan from the same bank auctioning off the property, much higher chances for them to give you the loan.

You can claim this back la, just nee cash to pay upfront first.

Claim from the auctioning bank la. It’s literally there ins the terms of the POS when they release the auction.

Quite easy, I claimed twice before from both auction houses I bought. Just get the payment receipt from management and then pass to your lawyer. Within 1 month the auctioning bank will send a cheque to your lawyer for the refund.