Auctions : Property Auction How To Buy

How To Buy Properties On Auction
  How To Buy Properties On Auction  
Choose/select your desired property.
Check the auction time, date and venue. If the venue is not yet fixed, fill in your details in our online form and we will inform you once the auction date is fixed.
All intending bidders are required to prepare a deposit, 10% of the reserve price by Bank Draft or Cashier’s Order in favour of AmBank (M) Berhad or AmIslamic Bank Berhad for the a/c of (Assignor/Borrower).
Go to auction venue at least 30 minutes before the auction time.
Deposit the 10% bank draft to the Auctioneer/High Court Bailiff/Land Office whichever is applicable.
If your bid is successful, you will be guided by the auctioneer to sign the Sale Contract. Balance of the auction price is to be paid to AmBank (M) Berhad within 90 or 120 days from the auction date whichever applicable.

Note: AmBank Group offers competitive financing scheme for auctioned properties.

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Interested bidders are advised to conduct and obtain all necessary searches, valuation, inspection, investigation and/or independant advice prior to the auction date in relation to the respective properties. AmBank (M) Berhad shall not be liable and/or responsible for any losses and/or damages which may arise from reliance on information contained in this document or information given by any employee and/or appointed agent.

The details contained herein is for information purposes only and subject always to deletion, change, modification and/or amendment at our absolute discretion and AmBank (M) Berhad reserved the right to withdraw any property listed herein at any time and/or decline any intended purchase at its absolute discretion without assigning any reason thereto.