News about auction

Amongst the 27,541 foreclosure properties, a majority of 83% or 22,867 residential properties worth RM8.

A total of 27,541 properties with an estimated reserve value of RM14.

The Clover Homes @ Laman Semanggi, Semenyih, Selangor Reserve price: RM313,500 Property type: Double-storey terraced house Tenure: Leasehold Land area (sq ft): 1,765 Built-up (sq ft): 1,170 Bedroom/bathroom: 4/3 Click here to see more details Read also Foreclosure properties: It’s a buyer’s market Evolve from physical to virtual A step-by-step guide to buying auction properties Lexis Suite, Bayan Lepas, Penang Reserve price: RM552,000 Property type: Condominium with sea view Tenure: Freehold Built-up (sq ft): 968 Bedroom/bathroom: NA Click here to see more details Molek Pine 4, Johor Bahru, Johor Reserve price: RM627,000 Property type: Condominium Tenure: Freehold Built-up (sq ft): 1,700 Bedroom/bathroom:  3/3 Click here to see more details Mutiara Homes, Mutiara Damansara, Selangor Reserve price: RM2,952,000 Property type: Double-storey bungalow Tenure: Freehold Land area (sq ft): 5,995 Built-up (sq ft): NA Bedroom/bathroom: NA Click here to see more details Cahaya SPK (Cahaya Heights), Shah Alam, Selangor Reserve price: RM454,000 Property type: Three-storey terraced house Tenure: Leasehold Land area (sq ft): 1,421 Built-up (sq ft): NA Bedroom/bathroom: 5/5 Click here to see more details SouthKey Mosaic, Johor Bahru, Johor Reserve price: RM426,465 Property type: Condominium Tenure: Leasehold Built-up (sq ft): 1,074 Bedroom/bathroom: 2/2 Click here to see more details Vilaris, Batu Uban, Penang Reserve price: RM1,088,000 Property type: Three-storey terraced house Tenure: Freehold Land area (sq ft): 2,088 Built-up (sq ft): 3,736 Bedroom/bathroom: 4/5 Click here to see more details Taman Pelangi Indah, Ulu Tiram, Johor Reserve price: RM431,000 Property type: Double-storey terraced house Tenure: Freehold Land area (sq ft): 1,765 Built-up (sq ft): NA Bedroom/bathroom: NA Click here to see more details Interested in auction properties? Click here for more good deals.

Auctioneers say property auctions have been online years before the Covid-19 outbreak but the pandemic has accelerated the process.

With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.

  自2020年3月18日开始，行动管制控制令导致全国产业拍卖活动停摆，大马首季房产拍卖领域也因而低迷。 此外，马来西亚国家银行允许借款人暂停偿还贷款的解困行动，使得许多财产免于丧失抵押品赎回权。 根据AuctionGuru.

The auction property market in Malaysia has been muted in the first quarter of 2020 when the six-week Movement Control Order (MCO) from March 18, 2020 caused a pause in all physical auction activity.

KUALA LUMPUR (July 7): Fugitive businessman Jho Low’s Viceroy L’Ermitage Beverly Hills is being auctioned off north of US$100 million, with proceeds to be split between the governments of Malaysia and the United States.

  为暂时减轻国人在抗疫期间的经济负担，国家银行宣布实施自动延缓贷款偿还，为期六个月的延缓房贷期限眼见即将在九月份到期，届时，受疫情影响的贷款者是否能顺利应付每月的贷款供期？ AuctionGuru.

Bank Negara Malaysia’s (BNM) automatic six-month moratorium on all bank loans will benefit property owners with mortgages, but what happens after the moratorium ends? Read also Uncovering the bargains on EdgeProp.