What is the procedure to bid? Step 1 - Pick up your property from website. Step 2 - Inspect the property first, for a rough idea of what it looks like. Step 3 - Check with the Land Office or developer on its condition, transferability of ownership, and whether any restriction have been imposed. Step 3 – Prior to the commencement of the auction, a Bank Draft, Banker’s Cheque, Cashier’s Order drawn in favour of the Assignee for payment of a sum (“Bidding Deposit”) equivalent to 10% of the Reserve Price. Step 4 – Bring along your original identity card. Be at the auction at least 30 minutes earlier for the registration process.