do not have a particular procedure to follow unlike sellers, but there are
several things that buyers should keep in mind when entering into a property
auction, such as:
Being careful before making a bid. It's easy for buyers to get caught up in the bidding frenzy and overbid. Buyers must set a reasonable price, one that's affordable and stick to it. And if there are many buyers vying for the same property, hold out until the bidding slows down. This way, the buyers won't be constantly outbidding each other.
Mary Sai, Executive Director of Auction Department, Knight Frank:
"As one of Singapore's leading auction providers, Knight Frank is pleased to be collaborating with PropertyGuru on this new initiative to reach out to a wider network of property buyers and sellers."
Shaun Poh, Senior Director, Investment Advisory Services & Auction, DTZ:
"As one of Singapore's leading auction providers, DTZ is pleased to be collaborating with PropertyGuru on this new initiative."