Muted auction market inching back to action
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.
Brand new properties going under the hammer
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.
Rise in commercial property foreclosures
The auction market has seen more commercial properties go under the hammer in the first half of this year compared with the same period last year, according to Auctionguru.
