Property market in Malaysia

A year ago, a neighbour bought an auctioned property for their son who got married today, incidentally. I understand they got it at a good price. The property came with built-ins including closets and cabinetry as well as bathroom vanities. This should mean some savings.

In this economic downturn, many homes are being put up for sale due to foreclosures. This is also happening in Malaysia. The number of properties for auction has been increasing the past few months. Perhaps it may be a good time to invest in real estate or buy a property if you have been looking into owning one. I am referring to auction property, that is.