Weekly Industry News

Auctioned properties an attractive option for buyers

Weekly Industry News

WHILE the property market seems to have bottomed out with sales figures for new projects appearing to be flattish, buyers with cash in hand should take advantage of the auction sector.

SuperiorWealth Group (SWG) founder and CEO Dr Alan Poon said auction properties are always attractive in terms of lower reserve market price, especially those located in hotspots where demand will always remain high.

“But pricing alone cannot be the sole reason for anyone who wants to jump in the auctioned property bandwagon,” he told The Malaysian Reserve (TMR) in an interview.

He said non-performing loans (NPLs) are still fairly low, hence the ratio of auctioned real estate relative to primary and secondary remains insignificant.

Media Title: The Malaysian Reserve

Date: 13 June 2019

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