Current Review on Issues and Challenges for the Immovable Property Auction Process In Malaysia

Norshafiqah Shaari; Muhammad Azwan Sulaiman; Muhammad Nazim Alias; Nadia Ayu Rahma Lestari

doi:10.21834/e-bpj.v9i28.5862

Authors

Norshafiqah Shaari College of Built Envirentment, UiTM Shah Alam
Muhammad Azwan Sulaiman College of Built Environment, Universiti Teknologi MARA Shah Alam, Malaysia
Muhammad Nazim Alias College of Built Environment, Universiti Teknologi MARA Shah Alam, Malaysia
Nadia Ayu Rahma Lestari Department of Architecture and Urban Planning, Tarumanagara University, Jakarta 11440, Indonesia

DOI:

https://doi.org/10.21834/e-bpj.v9i28.5862

Keywords:

Public Auction, Immovable Property, Property Law, Auction Regulation

Abstract

The immovable property public auction process is a legal mechanism used to revoke the rights of original owners who have violated a contract. Banks will sell distressed property when a borrower fails to repay their housing loan. There is a significant knowledge gap in understanding Malaysia's immovable property auction processes. This research aims to address this gap by reviewing existing literature, gathering secondary data, and addressing the need for more standardization in the public auction procedure. The findings have significant benefits for stakeholders in property auctions and aim to enhance the auction process by developing standardized standards.

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