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.
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