News: High-End Properties Sold At Auction

May 8, 2019

A recently-held property auction by Ng Chan Mau & Co Sdn Bhd (NCM&Co) saw several condominium units with reserve prices of RM1 million and above getting sold, reported The Star.

According to Low Chee Hian, Director of NCM&Co, the sales prove that demand for high-end properties in key cities is still strong.

Aside from having an established property buyer base, Low described the “hybrid auction” – launched two years ago as the company’s tactic to auction properties to a high-end market – as fruitful.

READ MORE: Pros and cons of buying auction properties 

“Hybrid auction provides real-time on-site and online bidding. Bidders can bid from any location. It’s transparent and safe to sell properties fast at a fair price,” he said.

“Whether winning or losing the bid, bidders are happy with the experience gained and support provided. There are no charges to bid at a hybrid auction.”

 

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Zainal Zikri Zainal Abidin
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