Properties are investments and when you have a property in Singapore which is not being utilized, you might want to sell it in an auction sale. This is one of the easiest and a win-win solution for you as a buyer because the one holding the auction sale for you is a private company which will not be biased and just fair in looking for a good and deserving buyer. They make sure that your properties would land in the hands of well deserving successors because they have a pool of serious buyers who are willing to bid for your property.
Through the help of this intermediary, you are able to advertise your property in Singapore to those buyers who are willing to abide with the terms and conditions of the sale. Though this process, confidentiality of both buyers and sellers or either can be kept. These intermediaries would make sure that all producers are legal and all documents are authentic. This is very interesting process of selling your property for it is well organized and a onetime advertisements. You just have to wait for responses and relay them to you. If there are interested buyers, you would know how much the bid it and if there are other bidder to buy them at a higher price.
Anyone who has a property in Singapore, whether with improvements or not, are welcome to have them assessed by these intermediaries and see how the procedure works. You just need to let them know the description of your properties and other information needed and they will match that with current or present prospective buyers in the pool. As a seller, you need nothing to do except to disclose genuine information while they keep your confidentiality and not disclose non important information to such prospective buyers.
On the side of the prospective buyer, you can directly go to their website now and log in in order to see what properties are available that you can bid on. The company of course would need to know some pieces of information from the buyer in order to refrain from any fraudulent transactions. The company is trying to prevent all scabs which are not genuine buyers. That is why they also assess you as a buyer and get information from you in order to make sure that your intentions are pure and not fraudulent. These are legal transactions approved by authority and regulated by government offices. That is why on their part, they make sure that all property on auction in Singapore are entered in to their data base without falsity.
If you are either a prospective seller or buyer, you need to make sure that you are indeed a genuine one. Since they are there to supervise the bid, all their rules, terms and conditions must be followed. There is a need to make sure that all clients for either side are properly informed of their rights as well as obligations in case the purchase prospers. These transactions are we have said are legal and are for the benefit of all the parties in the transaction. The beauty of it is for the purchaser to choose the property that he likes and bid as high as he can to get the property. Sellers on the other hand patiently wait as to the result. No hassle for both sides.