Auction Checklist

What should you bring in order to bid?

1. A bank draft/cashier’s order equivalent to 5% or 10% of the fixed reserve price payable to respective bank, as stated in POS* & COS**
2. Identification card (I/C) together with a photocopy of I/C (both sides)
3. An Authorization/nomination letter (if you are bidding for someone’s behalf)
4. Additional funds to pay difference between reserve price and successful bid price (5% or 10% of the successful/additional bid price)

For Corporate buyers:

1. Company M&A (Certified true copy by Company Secretary)
2. Form 24 (Certified true copy by Company Secretary)
3. Letter of authorization (with letterhead and Company Stamp, signed by at least 1 Director)
4. Photocopy I/C of Directors
5. Additional funds to pay the difference between the deposits paid upon registration. (5% or 10% of the successful/additional bid price)

Note: A person who has not reached the age of 18 (minor) or bankrupt shall not be permitted to participate for the auction bidding.

* POS = Proclamation of sale

** COS = Conditions of sale