Document Required for Auction

What do you need to prepare/bring on Auction Day?

For Individual Buyers:

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*
2. Identification card (I/C) together with a photocopy of I/C (both sides)
3. An authorisation/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. Form 49 (Certified true copy by Company Secretary)
4. Letter of authorization (with Letterhead and Company Stamp, signed by at least 1 Director)
5. Photocopy I/C of Directors
6. Identification card (I/C) together with photocopies of I/C (both sides) of person being authorised to bid for identification and registration purposes
7. A bank draft/cashier's order equivalent to 5% or 10% of the fixed reserve price in favour of respective bank
8. Additional funds to pay the difference between the deposit 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