Property
Auctioneers continue war against e-bidding
Laura Lee | 14 Apr 2017 00:30
THE Council of Auctioneers Malaysia (CAM) will press ahead with legal action seeking a ruling from the High Court not to proceed with the launch of online auctions, even though the proposal has been put on hold.

The e-lelong or e-bidding system, the handling of foreclosure proceedings and public auctions of immovable properties via electronic means may start later this year.

FocusM learns that some auctioneers were involved in collecting signatures to petition against the e-bidding launch, claiming that public education on the new system is not yet in place and many auctioneers are still unclear how the system works.

They also fear the implementation of the e-bidding system for court auctions will mean a loss of livelihood for auctioneers as their role will be largely eliminated in the process.

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