PETALING JAYA, Jan 26 — NCM Co is set to organise the Gong Xi Auction Fair, a one-day hybrid property auction combining onsite and online participation, on Jan 28 from 11am to 3pm. The event will take place at the NCM Co Auction Hall, Megan Avenue 2, Kuala Lumpur.
The auction is expected to feature over 500 properties offered by eight financial institutions, covering a broad mix of residential and investment assets across Kuala Lumpur and Selangor — markets that continue to attract interest for commercial property in KL, industrial land in Selangor, and owner-occupier opportunities.
A variety of properties across different price ranges and locations will be available. Among the highlighted listings are a 2.5-storey linked corner house in Puchong, offered at discounts of up to 40% below market value, reflecting continued buyer interest in areas that also support factory and industrial developments in Puchong.
Other notable offerings include a freehold two-storey terrace end lot at Tropicana Heights, Kajang, with a reserve price starting at RM769,500, as well as residential units at Anjali Condominium in Kuala Lumpur, with reserve prices below RM500 per square foot, appealing to investors seeking value near key commercial hubs.
In Petaling Jaya, units at Kelana Mahkota Condominium will be auctioned from RM387,000 for approximately 1,260 square feet, presenting opportunities for buyers looking to enter mature townships with strong connectivity to office space in Bukit Jalil and surrounding employment centres.
NCM Co emphasised that proper preparation is essential for auction participants. The firm encourages prospective buyers to carefully review the Proclamation of Sale, paying close attention to the reserve price, auction terms, deposit requirements, and conditions of sale.
Buyers are also advised to inspect the property’s surroundings, evaluate current market value, check for outstanding charges, prepare the necessary deposit, understand payment timelines, confirm financing eligibility, and account for total acquisition costs. Consultation with NCM Co’s sales advisors is recommended to ensure a smooth auction and post-auction process.
Sales advisors will be present throughout the event to guide participants on bidding procedures, property selection, and next steps after a successful bid — a useful resource for both first-time buyers and seasoned investors familiar with industrial property in the Subang area and other Selangor growth corridors.
All registered onsite bidders who successfully purchase a property will receive an entry gift, while attendees can also collect a hand-drawn Lunar New Year calligraphy at the auction venue.
Full auction listings are available via NCM Co’s official website. For further details, interested parties may visit the company’s website or contact NCM Co directly at 03-2162 3333.
Indonesia