How Auction Works?

Identify the Property – Take note of the property’s description, address, and any relevant details for the property you’re interested in.
Inspect the Property – Visit the property to assess its external condition and the surrounding area, provided it is not vacant.
Pre-Registration – Contact 012-618 4353 to inquire about the property’s background and potential hidden costs. Submit your bidder registration to receive a copy of the POS and COS.
Conduct Due Diligence – Perform a caveat search and seek legal advice regarding the property to ensure there are no outstanding issues.
Prepare a Bank Draft – Prepare a bank draft for 10% of the reserve price. Be ready to cover the remaining balance between the 10% deposit and the final sale price immediately following the auction.
Register on Auction Day – On the day of the auction, register as a bidder. You will be issued a bidding card with a unique number to identify you during the bidding process.
Bidding – To place a bid, raise your hand to signal your interest. The successful bidder will be identified as the highest bidder at the end of the auction.
Successful Bid – Once you win, sign the Sales Contract. You will be advised to collect the stamped contract at a later time. If needed, contact a bank to arrange financing.
Unsuccessful Bid – If you do not win, proceed to the registration counter to retrieve your documents and bank draft without incurring any charges.