What should I do before participating in a Public Auction?
a) Inspect the subject property externally;
b) Request for a copy of the Proclamation of Sale (POS) together with the Conditions of Sale (COS) from auctioneers. The POS consists of details of the subject property and the COS are the terms and conditions of the public sale.
c) Conduct relevant searches and inquiries with the developer, landowner and/or appropriate authorities prior to the auction date;
d) In the event of any concerns, please seek professional advice from our panel of real estate agents, auctioneers and/or solicitors;
e) Check your financing eligibility. Speak to our representative at any CIMB branches and we will do our best to assist your financing needs.