Auction Steps

1. Identify the property
Take note of the description, address and the relevant information of the property you are interested in.

2. Inspect the property
Inspect the property for its external condition and surrounding area if it is not vacant.

3. Pre-registration
Contact 012-6116 118 (ALAN) submit your bidder name, NRIC, postal address registration to get a copy of POS & COS.

4. Relevant checking on the property
Do a caveat search and to seek legal advice on the property, Relevant checking on the property (utility / maintenance fee outstanding checking / loan consultation)

5. 1 Day before auction
Call agent 012-6116 118 (ALAN) to confirmed with the auction are active.

6. Prepare bank draft
Prepare a bank draft equivalent to 10% of the reserve price. Be prepared to top up the difference between the 10% of the final sold price immediately after the auction.

7. Register on the auction day
On the day of auction, register yourself. A bidding card with number will be issued to identify the registered bidder during the auction.

8. Bidding
Bidder is to raise his/her hand to signify his/her interest to bid for the property. The successful bidder is identified as the highest offer or during the bidding process.

9. Successful bid
Sign the Sales Contract. Bidder will be advised to collect the stamped Contract at a later time. Contact lawyer to process further and bank to arrange for bank loans.

10. Loss Bid
Proceed to the registration counter to take back relevant document and bank draft without any charges.

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