If you have good “lobang” for property auction, it can be a very good place to make some quick capital gains. Most of the time these distressed properties fetch only a portion of their marketable price.
I will drop some hints on recent auctions. Land in IDR which is going for around RM50k per acre would otherwise fetch more than RM100k in real market. Be prepared to fight out for it.
Factory in a good location going for only RM200k which would normally fetch RM350k.
Previously one of the auctions I have went to attracted more than 150 bidders. At the end of the day, the auction was called off for fear of minor riot as there were too many bidders meaning that there might be something wrong with the reserve price. The ADO call off the auction rightfully.
So if you have an eagle eyes, look through newspaper on auction notices.
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