PROCLAMATION OF SALE
IN THE MATTER OF FACILITY AGREEMENT, ASSIGNMENT (FIRST PARTY) AND POWER OF ATTORNEY ALL DATED 20TH OCTOBER, 2003
BETWEEN
CITIBANK BERHAD [Registration No. 199401011410 (297089-M)] Assignee / Bank AND
WAI CHIN CHUNG (NRIC NO.: 731201-09-5077/A2606771)
LEONG AH MOOI @ LEONG CHEOW MOOI (NRIC NO.: 540210-06-5142/4566917) Assignors / Borrowers
In the exercise of the rights and powers conferred up on the Assignee / Bank under the Facility Agreement, Assignment (First Party) and Power of Attorney all dated 20th October, 2003 entered between the Assignor / Borrower and the said Assignee / (“the Facility Agreement, Assignment (First Party) and Power of Attorney”) it is hereby proclaimed that the said Assignee / Bank with the assistance of the under mentioned Auctioneer will sell the property described below by:-
PUBLIC AUCTION
ON FRIDAY, THE 26
THDAY OF MARCH, 2021, AT 11.00 A.M. IN THE MORNING, AT THE AUCTION HALL OF “EHSAN AUCTIONEERS SDN. BHD.”
SUITE C-0-3A, LEVEL UG, BLOCK C, MEGAN AVENUE I I, 12, JALAN YAP KWAN SENG, 50450 KUALA LUMPUR .
NOTE:- Prospective bidders are advised to:- (1) inspect the subject property, (2) seek legal advice on the Condition of Sale herein, (3) conduct an official search on the Parent Title at the relevant Land Office and/or other relevant authorities and, (4) make the necessary enquiries with the Developer and/or other relevant authorities on the terms of consent to the sale herein prior to the auction sale.
PARTICULARS OF TITLE:- Strata title has been issued.
Strata Title No./ Lot No. : Pajakan Negeri 34768/M1/12/189, Lot 43744 together with Accessory Parcel No. A42 Mukim / District / State : Petaling / Kuala Lumpur / Wilayah Persekutuan Kuala Lumpur
Developer’s Parcel No. : Parcel No. C-11-08, Storey No. 11th Floor, Building No. Block C, Desa Seri Puteri – Parcel C
Tenure : 88-year leasehold interest, expiring on 16th November 2093 Floor Area : 77 square metres (about 829 s quare feet)
Vendor / Developer : Dwitasik Sdn Bhd (176849-A)
Proprietor : The Datuk Bandar Kuala Lumpur
Beneficial Owner : Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi
Encumbrance : Assigned to Citibank Berhad [Registration No. 199401011410 (297089-M)]
Category of Land Use : Petak Kediaman Selain Kos Rendah (Petak) Express Condition : Pangsapuri Kos Sederhana
Restriction In Interest : Tanah ini tidak boleh dipindahmilik, dipajak, dicagar atau digadai tanpa kebenaran Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur.
LOCATION AND DESCRIPTION:-
The subject property is a 3-bedroom apartment and bearing postal address es Unit No. 11-8, 11th Floor, Pangsapuri Jati Selatan, No. 8, Jalan 1/125G, 57100 Kuala Lumpur. Accommodation:- Living area, dining area, master bedroom attached bathroom and dressing room, 2 bedrooms, bathroom, kitchen, yard and balcony.
RESERVE PRICE:-
The property will be s old on an “as is where is basis” subject to a reserve price of RM210,600.00 (RINGGIT MALAYSIA TWO HUNDRED TEN THOUSAND AND SIX HUNDRED ONLY) (subject to any others taxes implemented, whenever applicable) and to the Conditions of Sale by way of an As signment from the above Assignee and subject to the consent being obtained from the Developer and other relevant authorities, if any and all expenses incurred in obtaining the sai d consent shall be borne by the Purchaser.
All intending bidders are required to deposit with the Bank’s Solicitor a sum equivalent to 10% of the reserve price by BANK DRAFT in favour of Citibank Berhad (Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi) prior to the commencement of the auction sale. The balance of the purchase money to be settled within ninety (90) days from the date of the sale to Messrs. YH Teh & Quek, Solicitors for the Assignee / Bank.
FOR FURTHER PARTICULARS, please apply to Messrs. YH Teh & Quek, Solicitors for the Assignee/Lender, at Unit 15-02, Menara Centara, 360, Jalan Tunku Abdul Rahman, 50100 Kuala Lumpur. (Ref No: CT/WCC/17296/18/LN/s, Tel No: 03-2698 8181 Fax No: 03-2694 4357) or the undermentioned Auctioneer:
EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ ABDUL HAMID BIN P.V. ABDU (D.I.M.P) Suite C-20-3A, Level 20, Block C, Megan Avenue II, / ABDUL RAHIM BIN HUSSIN
12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur (Licensed Auctioneers) Tel.: 03-21616649 Fax: 03-21616648
Ref.: HANA/CB1846/YHTQ
Bank Code: E/T&Q/105-888-160509/3 E-mail: munira@ehsanauctioneers.com Website: www.ehsanauctioneers .com
HP NO.: 016 2161 047 (CALL, WHATSAPP & SMS)
PERISYTIHARAN JUALAN
DALAM PERKARA PERJANJIAN KEMUDAHAN, PENYERAHAN HAK (PIHAK PERTAMA) DAN SURAT KUASA WAKIL KESEMUANYA BERTARIKH 20HB OKTOBER, 2003
DI ANTARA
CITIBANK BERHAD [No. Pendaftaran 199401011410 (297089-M)] Pihak Pemegang Serahhak / Bank DAN
WAI CHIN CHUNG (NO. KP: 731201-09-5077/A2606771)
LEONG AH MOOI @ LEONG CHEOW MOOI (NO. KP: 540210-06-5142/4566917) Pihak Penyerahhak / Peminjam
Dalam perkara Perjanjian Kemudahan, Penyerahan Hak (Pihak Pertama) dan Surat Kuasa Wakil kesemuanya bertarikh 20hb Oktober, 2003 di antara Pihak Pemegang Serahhak dan Pihak Penyerahhak (“Perjanjian Kemudahan (Pihak Pertama) Penyerahan Hak (Pihak Pertama) dan Surat Kuasa Wakil kesemuanya tersebut”) adalah dengan ini diperisytiharkan bahawa Pihak Pemegang Serahhak dengan dibantu oleh Pelelong yang tersebut dibawah ini akan menjual harta yang ters ebut dibawah s ecara:-
LELONGAN AWAM
PADA 26HB MAC, 2021 BERSAMAAN HARI JUMAAT, JAM 11.00 PAGI, DI BILIK LELONGAN “EHSAN AUCTIONEERS SDN. BHD.”
SUITE C-0-3A, TINGKAT UG, BLOK C, MEGAN AVENUE I I, 12, JALAN YAP KWAN SENG, 50450 KUALA LUMPUR
NOTA:- Bakal -bakal pembeli adalah dinasihatkan agar: (1) memeriksa hartanah tersebut, (2) meminta nas ihat daripada Pihak Guaman mengenai Syarat-syarat Jualan, (3) membuat carian Hakmilik Induk secara rasmi di Pejabat Tanah dan Pihak -pihak Berkuasa yang berkenaan, dan (4) membuat pertanyaan dengan Pihak Pemaju dan/atau pihak-pihak lain yang berkenaan mengenai persetujuan untuk jualan ini sebelum jualan lelong.
BUTIR-BUTIR HAKMILIK:-
Hakmilik strata telah dikeluarkan.
No. Hakmilik Strata / No. Lot : Pajakan Negeri 34768/M1/12/189, Lot 43744 berserta dengan Petak Aksesori No. A42 Mukim / Daerah / Negeri : Petaling / Kuala Lumpur / Wilayah Persekutuan Kuala Lumpur
No. Petak Pemaju : No. Petak C-11-08, No. Tingkat 11, No. Bangunan Blok C, Desa Seri Puteri – Petak C Pegangan : Pajakan selama 88 tahun, tamat pada 16hb November 2093
Keluasan Lantai : 77 meter persegi (kira-kira 829 kaki persegi) Penjual / Pemaju : Dwitasik Sdn Bhd (176849-A)
Pemilik Berdaftar : The Datuk Bandar Kuala Lumpur
Pemilik Benefisial : Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi
Bebanan : Diserahhak kepada Citibank Berhad [No. Pendaftaran 199401011410 (297089-M)]
Kategori Kegunaan Tanah : Petak Kediaman Selain Kos Rendah (Petak) Syarat-Syarat Nyata : Pangsapuri Kos Sederhana
Sekatan Kepentingan : Tanah ini tidak boleh dipindahmilik, dipajak, dicagar atau digadai tanpa kebenaran Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur.
LOKASI DAN KETERANGAN HARTANAH:-
Hartanah tersebut merupakan satu unit apartmen 3-bilik tidur dan beralamat pos di No. Unit 11-8, 11th Floor, Pangsapuri Jati Selatan, No. 8, Jalan 1/125G, 57100 Kuala Lumpur. Akomodasi:- Ruang tamu, ruang makan, bilik tidur utama berserta bilik mandi dan bilik salinan, 2 bilik tidur, bilik mandi, dapur, laman dan balkoni.
HARGA RIZAB:-
Hartanah tersebut akan dijual “sepertimana sedia ada” tertakluk kepada satu harga rizab sebanyak RM210,600.00 (RINGGIT MALAYSIA DUA RATUS SEPULUH RIBU DAN ENAM RATUS SAHAJA) (tertakluk kepada cukai lain yang dilaksanakan, yang berkenaan) syarat-syarat yang terkandung dalam Perisytiharan Jualan dalam Bahasa Inggeris. Harta ini juga akan dijual melalui Suratcara Pinjaman dan Penyerahhakkan tertaklu k kepada memperolehi kebenaran daripada Pihak Pemaju/Pihak Berkuasa Negeri di mana semua perbelanjaan untuk memperolehi kebenaran tersebut akan ditanggung oleh pembeli/penawar yang berjaya.
Kesemua penawar yang ingin membuat tawaran dikehendaki mendeposi tkan kepada Peguamcara bagi Pihak Bank suatu jumlah yang bersamaan 10% daripada harga rizab secara BANK DERAF di atas nama Citibank Berhad (Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi), sebelum lelongan bermula. Baki wang belian hendaklah dijelaskan dalam tempoh sembilan puluh (90) hari dari tarikh jualan kepada Tetuan YH Teh & Quek, Peguamcara bagi Pihak Pemegang Serahhak / Bank.
UNTUK MENDAPATKAN BUTIR-BUTIR SELANJUTNYA, sila berhubung dengan Tetuan YH Teh & Quek, Peguamcara bagi Pihak Pemegang Serahhak/Pemberi Pinjam yang beralamat di Unit 15-02, Menara Centara, 360, Jalan Tunku Abdul Rahman, 50100 Kuala Lumpur. (No. Ruj: CT/WCC/17296/18/LN/s, No. Tel: 03-2698 8181 No. Faks: 03-2694 4357) atau Pelelong yang tersebut dibawah.
EHSAN AUCTIONEERS SDN. BHD. (No. Syarikat 617309-U) DATO’ ABDUL HAMID BIN P.V. ABDU (D.I.M.P) Suite C-20-3A, Level 20, Block C, Megan Avenue II, / ABDUL RAHIM BIN HUSSIN
12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur. (Pelelong Berlesen) Tel.: 03-21616649 Fax: 03-21616648
Ruj.: HANA/CB1846/YHTQ
Kod Bank: E/T&Q/105-888-160509/3 E-mail: munira@ehsanauctioneers.com Laman Web: www.ehsanauctioneers.com
HP NO. : 016 2161 047 (CALL, WHATSAPP & SMS)
CONDITIONS OF SALE
1) RESERV E PRICE AND BIDDING AT AUCTION
1.1. The sale is subject to the reserve price (“Reserve Price”) RM210,600.00 (RINGGIT MALAYSIA TWO HUNDRED TEN THOUSAND AND SIX HUNDRED ONLY) No bid shall be less than the previous bid and an amount to be fixed by the Auctioneer at the auction sale and no bidding shall be w ithdraw n or rectracted.
1.2. Subject to the provisions of paragraph 5 below the highest bidder for the property (“Property”) described in the Proclamation of Sale shall be the purchaser thereof and the Assignee / Bank or Auctioneer shall have the right to refuse any bid. If any dispute shall arise as to any bidding, the Property shall at the option of the Assignee / Bank or Auctioneer be put up again for sale at the last undisputed bidding and the Assignee / Bank or Auctioneer may decide on the dispute and such decision by the Assignee/
Bank shall be final.
2) BIDDING DEPOSIT
Subject to paragraph 5.1 below , all intending bidders shall deposit w ith the Auctioneer, prior to the auction sale, a bank draft or cashier’s order draw n in favour of CITIBANK BERHAD (Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi) for a sum (Bidding Deposit) equivalent to ten per cent (10%) of the Reserve Price.
3) AUTHORITY TO ACT / BID
3.1. Any agent acting on behalf of another person, body corporate or firm is required to deposit w ith the Auctioneer, prior to the auction sale, a letter of authority from such person, body corporate or firm stating that he is acting on behalf of the person, body corporate or firm, as the case may be.
3.2. If the sale is restricted to individuals and not to incorporated bodies or companies as specified by the Developer / Landow ner and / or other relevant authorities, it shall be sold to individual persons only.
3.3. If the sale is restricted to Bumiputra only, the intending bidder(s) shall be Bumiputra or Bumiputra(s) only.
3.4. All intending bidders shall be required to verify their identities by show ing the Auctioneer their identity cards prior to the commenceme nt of the auction, failing w hich they shall not be entitled to bid.
4) PROHIBIT ED TO ACT / BID
4.1. No bankrupts is allow ed to bid or act as agents.
4.2. Foreign Citizen / Foreign Company is only allow ed to bid for the Property w ith the prior consent from the Foreign Investment Committee.
4.3. In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank.
4.4. In the event a Foreign Citizen / Foreign Company makes a bid for the Property w ithout the consent from the Foreign Investment Committee, the Bidding Deposit or Purchase Deposit, as the case may be, s hall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank.
5) ASSIGNEE / BANK’S RIGHTS
The Assignee / Bank reserves the follow ing rights:
5.1. Rights to Bid
Notw ithstanding any provisions to the contrary stated in other clauses of this Conditions of Sale, the Assignee / Bank shall be entitled to make a bid for the Property w ith or w ithout having to deposit w ith the Auctioneer the requisite ten per centum (10%) of the Reserve Price, by itself or its agent. In the event that the Assignee / Bank is the successf ul bidder and so declared by the Auctioneer, the Assignee / Bank shall have the liberty to set off the purchase price (subject to any others taxes im plem ented, w henever applicable ) against the amount due and ow ing by the Assignor / Borrow er under the said Facility Agreement and Assignment and Pow er of Attorney and all costs and expenses of, in connection w ith and resulting from the sale. If approvals from any relevant authorities are required in respect of the purchase, then the Assignee / Bank shall apply for the approvals af ter the successful bid and shall only be required to set off the purchase price (subject to any others taxes im plem ented, w henever applicable) against the amount due and ow ing by the Assignor under the said Facility Agreement, Assignment and Pow er of Attorney and all costs and expenses of, in connection w ith and resulting from the sale w ithin NINETY (90) days from the date of the receipt by the Assignee / Bank of all the approvals. If any of the approvals are not obtained or are obtained but subject to conditions, w hich are not acceptable to the Assignee / Bank, then the Assignee / Bank shall be entitled to terminate the purchase of the Property and the purchase price (subject to any others taxes im plem ented, w henever applicable) or any part thereof (including if a deposit has been paid by w ay of a reduction of the amount due and ow ing by the Assignor) paid by the Assignee / Bank by w ay of set off (if any) shall be reversed and parties shall be placed back in position as if this sale has not taken place. For avoidance of doubt, nothing in the foregoing shall restrict the Assignee / Bank’s rights or discretion to pay the full purchase price (subject to any others taxes im plemented, w henever applicable) by w ay of set off before the approvals have been obtained. The Assignee / Bank shall also be entitled at its absolute discretion to assign, novate or transfer all or any of its rights, obligations and interests hereunder to a third party.
5.2. Right to w ithdraw Sale
To w ithdraw , postpone and call of f the sale of the Property at any time prior to the auction date and before the fall of the hammer;
and
5.3. Right to Resell after w ithdraw al
To sell the Property w ithdraw n at any time or times subject to such conditions and provisions w hether identical w ith or differing w holly or in part from the conditions and provisions applicable to the Property to be auctioned at the present auction and in such manner as the Assignee / Bank may think fit.
6) PAYMENT
6.1. Immediate after the fall of the hammer, the successful bidder (“Purchaser”) shall sign the Memorandum at the foot of these conditions.
6.2. In the event that the total purchase price (“TPP”) is higher than the Reserve Price, the Purchaser declared by the Auctioneer shall immediately pay to the Auctioneer a sum (“Differential Sum”) equivalent to the difference betw een ten per centum (10%) of the TPP (“Purchase Deposit”) and the Bidding Deposit either in cash or bank draft or cashier’s order draw n in favour of CITIBANK BERHAD (Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi) as payment of deposit and tow ards part payment of TPP
6.3. In the event that the Purchaser fails to pay the Differential Sum or fails to sign the said Memorandum, the Bidding Deposit shall be forfeited by the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank. The costs and expenses of, in connection w ith and resulting from such resale together w ith any def iciency in the price obtained all the resale comparing to the price obtained in the aforesaid sale shall be recoverable from the defaulting Purchaser. A certificate by an officer by the Assignee / Bank as to the costs and expenses of, in connection w ith and resulting from such resale shall be accepted by the Purchaser as correct and conclusive.
6.4. In the event that the Purchaser stops payment or countermands on the bank draft for the Bidding Deposit and / or the Purchase Deposit the Property may be put up for sale at a date and time to be fixed by the Assignee / Bank. The costs and expenses of, in connection w ith and resulting from such resale together w ith any deficiency in the price obtained at the resale comparing to the price obtained in the aforesaid sale shall be recoverable from the defaulting Purchaser. A certificate by an officer of the Assignee / Bank as to the costs and expenses of, in connection w ith and resulting from such resale shall be accepted by the Purchaser as correct and conclusive.
6.5. The balance of the TPP (Balance Purchase Price) (subject to any others taxes im plem ented, w henever applicable) shall be paid by the Purchaser w ithin ninety (90) days from the date of the sale to the Assignee / Bank by bank draft or cashier’s order draw n in favour of CITIBANK BERHAD (Wai Chin Chung & Leong Ah Mooi @ Leong Cheow Mooi). How ever, the period of 90 days may be extended by the Assignee / Bank at its absolute discretion upon w ritten request by the Purchaser before the expiry date provided that if any extension is granted, the Purchaser shall pay the Assignee / Bank interest at the rate to be determined by the Assignee / Bank at its absolute discretion on the Balance Purchase Price calculated on a daily basis until full payment of such amount.
6.6. In the event that the Purchaser fails to pay the Balance Purchase Price w ithin the time or extended time, as the case may be and in the manner as stipulated in paragraph 6.5 above, the Purchase Deposit together w ith the interest (if any) paid under Clause 6.2 above shall be forfeited by the Assignee / Bank and the property may again be put up for sale at a date and time to be fixed by the Assignee / Bank. The costs and expenses of, in connection w ith and resulting from such resale together w ith any deficiency in the price obtained in the resale comparing to the price obtained in the aforesaid sale shall be recoverable from the defaulting Purchaser. A certificate by an officer of the Assignee / Bank as to the costs and expenses of, in connection w ith and resulting from such resale shall be accepted by the Purchaser as correct and conclusive.
6.7. Subject to Clause 6.1, 6.2, 6.3, 6.4, 6.5 and 6.6 hereof, the Property in w hich there is / are outstanding progressive payment(s) due to the Developer, the Purchaser shall:-
(a) In the event that he / she require a loan to enable him / her to complete the purchase herein, the Purchaser shall w ithin time stipulated in Clause 6.5 hereof, cause his / her financier to issue a letter of undertaking to pay the balance progressive payment according to the schedule of the Principal Sale and Purchase Agreement made in favour of the Developer from his / her financier and to release the Assignee / Bank from its original undertaking;
(b) In the event that he / she shall not require a loan to enable him / her to purchase herein, the Purchaser shall w ithin time stipulated in Clause 6.5 hereof, procure a bank guarantee to pay the balance progressive payment according to the schedule of the Principal Sale and Purchase Agreement made in favour of the Developer and to release the Assignee / Bank from its original undertaking;
(c) Any payment due and payable to the Developer after the date of sale, including the balance progressive payment according to the schedule of the Principal Sale and Purchase Agreement, charges, interest and penalty as a result of the delay by the Purchaser in giving of any undertaking / bank guarantee stated in Clause 6.7(a) & (b) h ereof, shall be borne by the Purchaser absolutely; and
(d) In the event that the Purchaser shall fail, neglect and / or refuse to procure a letter of undertaking / bank guaratee mentioned in the manner and at the times reserved in Clause 6.7(a) & (b) hereof, the Assignee shall be entitled to terminate the Sale by a notice in w riting to the Purchaser w hereon 10% Deposit referred in Clause 6.2 shall be forfeited by the Assignee / Bank and property may again be put up for sale at a date and time to be fixed by the Assignee / Bank. The costs and expenses of, in connection w ith and resulting from such resale together w ith any def iciency in the price obtained in the resale comparing to the price obtained in the aforesaid sale shall be recoverable from the defaulting Purchaser. A certificate by an officer of the Assignee / Bank as to the costs and expenses of, in connection w ith and resulting from such resale shall be accepted by the Purchaser as correct and conclusive.
7) DEED OF ASSIGNMENT / TRANSFER
Upon full payment of the TPP (subject to any others taxes im plem ented, w henever applicable) and subject to the consent being obtained by the Purchaser from the Landow ner and relevant authorities, if any and subject to the Assignee/Bank receiving a letter of undertaking from the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stam ped assignm ent w ithin fourteen days (14) after the sam e has been stam ped Assignee / Bank and the Purchaser shall observe the follow ing:-
7.1. the Assignee / Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee / Bank, of all the rights, title, interest and benefits under the Principal Sale and Purchase Agreem ent entered into betw een the Developer / Landow ner and the original purchaser upon the terms and conditions stipulated by the Assignee / Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses (subject to any others taxes im ple m ented, w henever applicable) (including the vetting fee of RM212.00 inclusive of 6% SST) of the Assignment, the Assignee / Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee / Bank, the original of the Principal Sale and Pur chase Agreem ent or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy of certified true copy as in the Assignee / Bank’s possession;
7.2. The Purchaser shall be liable to all costs and expenses including legal, stamp and registration fees of and incidental to the transfer of the Property in the event of the individual land / strata title has been issued.
8) CONDITION OF PROPERTY
All bidders shall be deemed to have carried out all investigations and examinations of the Property and the title particulars at their ow n costs and expenses and upon being successful, accept the Proper ty in the state and condition in w hich the Property is at the date of the auction sale.
9) TENANCIES AND RESTRICTIV E COVENANTS
The Property is believed to be and shall be taken to be correctly described and is sold subject to all express conditions, restrict ions-in- interests, caveats, leases, tenancies, easements, liabilities, encumbrances and rights, if any, subsisting thereon or thereover w ithout the obligation to define the same respectively and the Purchaser is deemed to have full know ledge thereof.
10) IDENTITY OF THE PROPERT Y
10.1. The Purchaser shall admit the identity of the Property w ith that described in the Proclamation of Sale and such other documents offered by the Assignee / Bank as the title to the Property by a comparison of the description in the Proclamation of Sale and the aforesaid documents.
10.2. Any error, misstatement, omission or misdescription of the Property in the Proclamation of Sale and the documents referred to in Paragraph 10.1 above shall not annul the sale, nor shall any compensation be allow ed thereof.
11) RISK OF THE PROPERTY
As from the time of the sale, the Property shall be at the sole risk of the Purchaser as regards to loss or damage of w hatsoever nature or how soever occurring including by fire or other accident, state of cultiv ation, non-occupation or otherw ise.
12) QUIT RENT & OTHER OUTGOINGS
12.1. Quit rent and assessment charges payable of the property shall be apportioned as at the date of sale and portion attributable for the period up to the date of sale shall be paid out of the purchase money (provided that the Purchaser extracts a copy of such bills and request for payment from the Assignee / Bank w ithin sixty (60) days from the date of the sale or the date of the Assignee / Bank’s receipt of the full proceeds, w hichever is earlier) and any such sums due and payable after the date of sale shall be borne by the Purchaser).
12.2. All arrears of taxes, rates, service / maintenance charges, fees, utilities bills (namely w ater, electricity, gas or sew erage charges) (subject to any others taxe s im plem e nted, w henever applicable) and any other monies due and payable in respect of the Property shall be borne by the Purchaser.
13) CONSENT
It shall be the responsibility of the Purchaser to apply for consent from the relevant authorities if any in respe ct of the sale and all fees, charges and expenses including administrative fees in connection w ith or incidental to the application shall be borne by the Purchaser.
14) VACANT POSSESSION
The Purchaser after the payment of the TPP shall at his ow n costs and ex penses take possession of the Property w ithout any obligation on the part of the Assignee / Bank to give vacant poss ession.
15) SALE BEING SET ASIDE OR CONSENT NOT BEING OBTAINED
15.1. In the event of the sale being set aside for any reason w hatsoever or consent not being obtained from the relevant authorities, this sale shall be of no further effect from the date thereof and the Assignee / Bank shall refund the Purchase Deposit or TPP, as the case may be, to the Purchaser free of interest and the Purchaser shall not be entitled to any claim and / or demand w hatsoever against the Assignee / Bank or any other party on account thereof.
15.2. In the event of consent not being obtained from the relevant authorities due to the act of default or omission by the Purchaser, The Assignee / Bank shall be entitled to forfeit the Purchase Deposit and all interest (if any) paid pursuant to Clause 6.5 above.
16) TIME OF THE ESSENC E
Time w herever mentioned herein shall be the essence of these conditions.
17) TRANSLATION
In the event of any discrepancy, misstatement, omission or error appearing in the various translations on the particulars and conditions herein, the English version shall prevail.
18) ASSIGNMENT OF RIGHTS, TITLE, INTEREST AND BENEFIT S
The Purchaser shall not w ithout the w ritten cons ent of the Assignee / Bank, and / or the relevant authorities to be entitled to assign his rights, title, interest and benefits under the contract of sale made pursuant hereto or the Principal Sale and Purchase Agreem ent entered betw een the Developer / Landow ner and the original purchaser before the Property has been duly assigned or transferred to him by the Assignee / Bank. The Assignee / Bank’s decision to grant the consent or otherw ise shall be in its absolute discretion and shall not be questioned.
19) ENCROAC HM ENT / ACQUISITION
The Assignee / Bank has no notice or know ledge of any encroachment or that the Government or any other authority has any immediate intention or acquiring the w hole or any part of the Property for roads or any improvement schemes an d if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allow ed in respect thereof.
20) EXCLUSION OF LIABILITY
All statements made in the Proclamation of Sale and Conditions of Sale or otherw ise relating to the property are made w ithout responsibility on the part of the Assignee, the Solicitors and the Auctioneer and their agent. No such statement may be relied upon as a statement or representation of fact. All bidders must satisfy themselves by inspection or otherw ise as to the correctness of any such statements and neither the Assignee, the Solicitors, the Auctioneer nor any person in their employment has any authority to make or give any representation or w arranty w hatsoever in relation to the property.
CONTRACT
MEMORANDUM – At the sale by Public Auction this 26th day of March, 2021 of the property comprised in the foregoing particulars that is to say the rights title interest and benefits under the said Facility Agreement, Assignment (First Party) and Power of Attorney all dated 20th October, 2003 in relation to the property, the highest bidder stated below has been declared as the Purchaser(s) of the said property for the sum of RM______________(subject to any others taxes implemented, whenever applicable) who has paid to the Solicitors above-named the sum of RM_____________ by way of deposit and agrees to pay the balance of the purchase money and complete the purchase acco rding to the conditions aforesaid. The said Auctioneer hereby confirms the said purchase and the Solicitors acknowledge receipt of the said deposit.
Purchase Money RM _______________
Deposit Money RM _______________
Balance Due RM _______________
1) First Purchaser Name: __________________________
NRIC No.: ____________________________________
2) Second Purchaser Name: ________________________
NRIC No.: ____________________________________
Address: _______________________________________
Tel.: _____________________________________ ______
______________________________
SIGNATURE OF PURCHASER(S)
/ PURCHASER(S)’S AUTHORIZED AGENT
_________________________ ______________________________
SIGNATURE SIGNATURE
For Messrs. Ehsan Auctioneers Sdn. Bhd. For Messrs. YH Teh & Quek Dato’ Abdul Hamid Bin P.V. Abdu (D.I.M.P) SOLICITORS FOR THE ASSIGNEE / Abdul Rahim Bin Hussin
LICENSED AUCTIONEERS
