Re: Auction Units
The JMB wishes to make a few announcements pertaining to units which are to be auctioned off at Bay View Villas. These units are to be auctioned on a “as is where is” basis and some of them are very good buys. For those who are interested in buying these units, the JMB has prepared this short notice to help them make an informed decision. After meeting up with Encik Omar from Ambank, prospective purchasers are advised to follow the following steps :
a) Do your own investigation on the unit(s). Here the JMB can help prospective buyers.
b) A letter of undertaking will be prepared by Ambank, which the prospective buyer would have to pursue.
c) The prospective buyer would have to pay 10% of the auction price and the bidding date would be announced by the registered auctioneer.
d) Lawyers from the bank will proceed to do the necessary paperwork and advertise it in the papers. And if all goes well the process will take about 2 to 3 weeks.
The list of units to be auctioned can be found as download in this website, with the respective outstanding maintenance fees / arrears. This fee can be negotiated with the JMB.
For further details, please contact the following persons;
Dr. Chong Yee Wah, at firstname.lastname@example.org
Mr. Prabah, at email@example.com
Mr. Maniam, at firstname.lastname@example.org
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