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Gong Xi Auction Fair: Start the Lunar New Year with Smart Property Investments

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As the Lunar New Year ushers in new beginnings and prosperity, NCM Co invites property buyers and investors to kick-start the year at the Gong Xi Auction Fair, a one-day property hybrid auction event featuring over 500 auction properties from eight leading financial institutions.

Happening on 28 January 2026 (Wednesday), from 11:00 AM to 3:00 PM, at the NCM Co Auction Hall, Megan Avenue 2, Kuala Lumpur. The Gong Xi Auction Fair offers buyers a wide selection of properties across various locations and price ranges. Among the attractive offerings at the Gong Xi Auction Fair include:

  • 2.5-storey linked house corner lot in Puchong with up to 40% reduction from market value
  • Freehold 2-storey Terrace end lot at Tropicana Heights, Kajang with a reserve price of RM769,500
  • Prime freehold Anjali Condominium in Kuala Lumpur, offered from reserve prices below RM500 per sqft
  • Kelana Mahkota condominium in Petaling Jaya from RM387,000 for approximately 1,260 sqft

Explore more auction listings at : https://www.ngchanmau.com/mega-202601

To mark the festive season, all successful registered onsite bidders will receive an entry gift, and attendees can also bring home an auspicious Lunar New Year calligraphy, hand-drawn live at the auction hall, symbolising good fortune, abundance, and a prosperous year ahead.

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More Than an Auction — An Educational Experience

While property auctions present attractive opportunities, informed preparation remains key. At the Gong Xi Auction Fair, NCM Co places strong emphasis on buyer education, ensuring participants approach the auction process with clarity and confidence.

To support buyers, NCM Co shares a Top 8 Auction Buying Checklist, a practical guide for navigating auction purchases successfully:

Top 8 Auction Buying Checklist

1. Read the Proclamation of Sale (POS)
Review the reserve price, auction terms, deposit requirements, completion timeline, and conditions of sale before bidding.

2. Inspect the Surroundings (External Viewing)
As internal inspections are typically not allowed, visit the area to assess accessibility, neighbourhood conditions, and nearby amenities.

3. Know the Market Value and Act Decisively

Compare recent transactions to confirm the property value. If the price already makes sense, delaying may attract more bidders and drive prices higher rather than lower.

 

4. Check Outstanding OutgoingsVerify any arrears such as maintenance fees, sinking funds, quit rent, and assessment tax to avoid unexpected liabilities.

5. Prepare Your Deposit & Understand Payment Timelines
Ensure the deposit is ready on auction day and understand the balance payment deadline to prevent forfeiture.

6. Review Financing Eligibility Early
For buyers requiring financing, check credit standing and loan eligibility ahead of time for a smoother post-auction process.

7. Factor in Total Acquisition Costs
Budget beyond the purchase price, including legal fees, stamp duty, loan costs, renovation, utilities reconnection, and possible eviction expenses.

8. Speak to NCM Co’s Sales Advisors
Engage with NCM Co’s experienced sales advisors for free guidance on property selection, auction procedures, and post-auction steps.

Bid with Confidence, Invest Wisely This Lunar New Year

By bringing together multiple financial institutions, hundreds of properties, and professional guidance under one roof, the Gong Xi Auction Fair offers buyers a rare opportunity to make informed property decisions in a supportive and transparent environment.

Whether purchasing for own stay or investment, this Lunar New Year is the perfect time to turn preparation into prosperity.

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Event Details
📅 Date: 28 January 2026 (Wednesday)
⏰ Time: 11:00 AM – 3:00 PM
📍 Venue: NCM Co Auction Hall, Megan Avenue 2, Kuala Lumpur

For more information on upcoming auctions and buyer resources, visit our website at www.ngchanmau.com or speak to us at 03-2162 3333.

Gong Xi Fa Cai — may your bids be smart and your investments prosperous.


Source: NCM Co

FAQ's

Find answers to frequently asked questions

Owner Auction™ is essentially a solution offered to property owners to dispose their property via public auction, whereas Bank Auction is conducted when the property has been foreclosed on and repossessed by the bank or the High Court, usually due to the owner’s / borrower’s inability to settle the outstanding payments on the property.
We have a proven track record of efficiently facilitating the property sale via the modern way of auction by offering a one-stop solution, including marketing, legal and administrative services.
Upon our appointment through a prescribed letter of appointment and receipt of all necessary documents in relation to your property, we will proceed to market and advertise your property. We will also arrange to fix as many auction rounds as we are able to within the validity period stated in the prescribed letter of appointment with an objective to sell your property via auction sale. At present, our licensed auctioneer will conduct the auction once every 3 weeks.
Yes, you can.
Yes, you can, provided you are empowered to do so through a Power of Attorney granted by the owner(s) to you.

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