Common use of PARTICULARS OF PROPERTY Clause in Contracts

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The subject property is A Condominium identified as Developer’s (as per Original SPA) Parcel Xx. 0X-00-00, Xxxxxx Xx. 00, Xxxxxxxx Xx. 0X together with Accessory Parcel XXX-00 & XXX-00 XXXXXX XXXXXXX OF UNIT : Xxxx Xx. 0X-00-00, Xxxxxxxxxx Xxxx Aiyu, Xx. 00, Xxxxx Xxxxx Xxxxx 22/1, Section 22, 40400 Shah Alam, Selangor Darul Ehsan. STRATA TITLE NO. : Geran 158780/M1-A/16/233 LOT NO : 132 Section 3 TOWN / DISTRICT / STATE : Pekan Batu Tiga / Petaling / Selangor Darul Ehsan PROVISIONAL FLOOR AREA : 194 square metres (2,088 square feet) ACCESSORY PARCEL NO. : A594 & A595 TENURE : Freehold VENDOR / DEVELOPER : Shanghai Reality (M) Sdn. Bhd. (Company No. 350799-U) ENCUMBRANCE : Assigned to Malayan Banking Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE : Strata title to the property has been issued The property will be sold on an “as is where is” basis, subject to a reserve price of RM426,000.00 (Ringgit Malaysia Four Hundred Twenty Six Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : • 50% of the reserve price for Commercial property • 50% of the reserve price for Residential (RP RM500,000 and above) • 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad. For further particulars please contact Messrs. Azam, Baba & Aqmar Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors No. 3-1, Xxxxx 00/00X, Xxxxx Xxxxxx, Xxx Xxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxx Xxxxxx [Telephone No. : 00-0000 0000 / Facsimile No. : 00-0000 0000 / Reference : ABA/L/PROP/2534/MBB/RRC/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH No. 9-2, Sinar Sentul Commercial Centre, (LICENSED AUCTIONEER) Jalan Sinar Sentul 0, [XXXXXXX (XX)], XXX. 00000 Xxxxx Xxxxxx Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx H/P No.: 012-4089616

Appears in 1 contract

Samples: Proclamation of Sale

AutoNDA by SimpleDocs

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The subject property is A Condominium Corner Single-Storey Semi-Detached House (as per original SPA) identified as Developer’s (as per Original SPA) Parcel XxXxxx 0, Xxxx X, Xxxxx Xxxxxxxx Xxxxx Xxxxx IV. 0X-00-00, Xxxxxx Xx. 00, Xxxxxxxx Xx. 0X together with Accessory Parcel XXX-00 & XXX-00 XXXXXX XXXXXXX POSTAL ADDRESS OF UNIT : Xxxx Xx. 0X-00-00, Xxxxxxxxxx Xxxx Aiyu, Xx. 000, Xxxxx Xxxx 0, Xxxxx Xxxxx 22/1Xxxx Xxxxxxxx Xxxxx, Section 2213200 Kepala Batas, 40400 Shah Alam, Selangor Darul EhsanPenang. STRATA TITLE NO. NO : Geran 158780/M1-A/16/233 GM 2389 (Formerly known as Gm 1338) LOT NO : 132 Section 3 TOWN Lot 5232 (Formerly known as Xxx 0000) XXXXX / DISTRICT XXXXXXXX / STATE XXXXX : Pekan Batu Tiga 8 / Petaling / Selangor Darul Ehsan Seberang Perai Utara/ Penang PROVISIONAL FLOOR LAND AREA : 194 Approximately 287 square metres (2,088 3,089 square feet) ACCESSORY PARCEL NO. : A594 & A595 TENURE : Freehold DEVELOPER / VENDOR / DEVELOPER : Shanghai Reality Reka Indah Development (MKepala Batas) Sdn. Bhd. (Company No. 350799-U) SDN.BHD ENCUMBRANCE : Assigned to Malayan Banking Maybank Islamic Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE : Strata title to the property has Has been issued The property will be sold on an “as is where is” basis, subject to a reserve price of RM426,000.00 RM216,000.00 (Ringgit Malaysia Four Two Hundred Twenty Six Sixteen Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Maybank Islamic Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, fund and quit rent and assessmentrent) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : 50% of the reserve price for Commercial property 50% of the reserve price for Residential (RP RM500,000 and above) 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, charges and quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from together with the date payment of the auction sale. All outstanding charges incurred after the date Balance of successful auction shall be borne by the Successful PurchaserPurchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Maybank Islamic Berhad. For further particulars please contact Messrs. Azam, Baba Xxxx Xxxxx & Aqmar Co. Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors NoXx. 3-100, Xxxxx 00/00X0xx Xxxxx, Xxxxx XxxxxxXxxxxxx Xxxxxxx 0, Xxx Xxxxx Xxxxxxxxx Cempaka , Xxxxxx Xxxxxxxx, 00000 XxxxxxxXxxxxx Xxxxxx, Xxxxx Xxxxxx [Telephone No. .: 00-0000 000 0000 / Facsimile No. .: 0004-0000 0000 441 1490 / Reference Ref: ABAMAC/LSP/PROP/2534LIT/MBBMBB/001- 05/2015/RRCrma/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank sofia] or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH R & U Management Consultant XXXXXXX XXX XXXXXXXX No. 9-2, Sinar Sentul Commercial Centre7A (Opposite LHDN), (LICENSED AUCTIONEER) Jalan Sinar Sentul Xxxxxx XX 0, [Xxxxxx Xxxxx, XXXXXXX (XX)], XXX. UM) 00000 Xxxxx Xxxxxx Xxxxxxxx, Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx Penang. xxx.xxxxxxxxxx.xx H/P No.: 012-4089616

Appears in 1 contract

Samples: Proclamation of Sale

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The subject property is A Condominium identified as a 2-bedroom service apartment. (DEVELOPER PARCEL NO. AS Developer’s (as per Original SPA) Parcel XxNo. 0X-00SA27-0003A, Xxxxxx XxStorey No. 0027, Xxxxxxxx XxBuilding No. 0X together Tower 2 with Accessory Parcel XXX-00 Nos. Car Park Level L3A-33 & XXX-00 XXXXXX XXXXXXX L3A-33A and air conditioner compressor SA27-03A/AC ledge and ledge entrance SqWhere Residences POSTAL ADDRESS OF UNIT : Xxxx Xx. 0X-00.XX00-0000X, Xxxxxxxxxx Xxxx AiyuXxXxxxx Residences, Xx. 00Dataran Prestij, Xxxxx Xxxxx Xxxxx 22/1Xxxxxx Xxxxx, Section 22Xxxxxxx Xxxx, 40400 Xxxxxxx X00, 00000 Shah Alam, Selangor Darul Ehsan. STRATA Ehsan MASTER TITLE NO. : Geran 158780/M1-A/16/233 NO / LOT NO : 132 Section 3 TOWN / PN 112171, Lot No. 67059 (formerly known as HSD 312087, PT. No. 12760) PEKAN/ DISTRICT / STATE : Pekan Batu Tiga Baru Sungai Buloh / Petaling / Selangor Darul Ehsan PROVISIONAL FLOOR AREA : 194 91 square metres (2,088 980 square feet) ACCESSORY PARCEL NO. : A594 & A595 TENURE : Freehold Leasehold interest for 99-years with an unexpired term of about 89 years) VENDOR / DEVELOPER : Shanghai Reality Prestij Permai Sdn Bhd (M498568-P) Sdn. Bhd. (Company No. 350799-U) PURCHASER : Xxxxxxxxx A/L Xxxxxxxxxx ENCUMBRANCE : Assigned to Malayan Banking Berhad pursuant to the said Agreements and subject to all easementsleasements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE CATEGORY OF LAND USE : Strata title to the property has been issued The property will be sold on an “as is where is” basisBangunan EXPRESS CONDITION : Bangunan Perniagaan RESTRICTION IN INTEREST : Tanah ini boleh dipindahmilik, subject to a reserve price of RM426,000.00 (Ringgit Malaysia Four Hundred Twenty Six Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : • 50% of the reserve price for Commercial property • 50% of the reserve price for Residential (RP RM500,000 and above) • 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad. For further particulars please contact Messrs. Azam, Baba & Aqmar Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors No. 3-1, Xxxxx 00/00X, Xxxxx Xxxxxx, Xxx Xxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxx Xxxxxx [Telephone No. : 00-0000 0000 / Facsimile No. : 00-0000 0000 / Reference : ABA/L/PROP/2534/MBB/RRC/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH No. 9-2, Sinar Sentul Commercial Centre, (LICENSED AUCTIONEER) Jalan Sinar Sentul 0, [XXXXXXX (XX)], XXX. 00000 Xxxxx Xxxxxx Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx H/P Nodipajak atau digadai setelah mendapat kebenaran Pihak Berkuasa Negeri.: 012-4089616

Appears in 1 contract

Samples: Proclamation of Sale

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The subject property is A Condominium Three (3) Storey Shop / Office identified as Developer’s (as per Original SPA) Developer Parcel XxNo. 0X-002-0001, Xxxxxx XxStorey No. 00Second Floor, Xxxxxxxx XxPusat Komersil Seri Xxxxxx, Bayan Lepas, Penang. 0X together with Accessory Parcel XXX-00 & XXX-00 XXXXXX XXXXXXX POSTAL ADDRESS OF UNIT : Xxxx Xx. 0X-00-00, Xxxxxxxxxx Xxxx Aiyu, Xx. 00000 X-0, Xxxxx Xxxxxxxx Seri Xxxxxx, Taman Seri Xxxxxx, Xxxxx Xxxxxx Xxxxxx, 00000 Xxxxx 22/1Xxxxx, Section 22Xxxxxx. TITLE NO : GM 3516 (formerly knowns as H.S. (M) 2620, 40400 Shah Alam2621, Selangor Darul Ehsan. STRATA TITLE NO. : Geran 158780/M1-A/16/233 2622, 2623, 2624 and 2625) LOT NO : 132 Section 3 TOWN 71491 (formerly knowns as Plot Nos. 6405, 6406, 6407, 6408, 6409 and 6410) MUKIM / DISTRICT / STATE : Pekan Batu Tiga 00 / Petaling Xxxxx Xxxx / Selangor Darul Ehsan Xxxxxx PROVISIONAL FLOOR LAND AREA : 194 Approximately 65.59 square metres (2,088 706 square feet) ACCESSORY PARCEL NO. : A594 & A595 TENURE : Freehold VENDOR / DEVELOPER PROPRIETOR : Shanghai Reality (M) JKP Sdn. Bhd. (Company No. 350799.: 350606-UW) ENCUMBRANCE : Assigned to Malayan Banking Maybank Islamic Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE : Strata title to the property has been issued The property will be sold on an “as is where is” basis, subject to a reserve price of RM426,000.00 RM150,000.00 (Ringgit Malaysia Four One Hundred Twenty Six Fifty Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Maybank Islamic Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : • 50% of the reserve price for Commercial property • 50% of the reserve price for Residential (RP RM500,000 and above) • 10% of the reserve price for Residential (RP below RM500,000) price. The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, charges and quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from together with the date payment of the auction sale. All outstanding charges incurred after the date Balance of successful auction shall be borne by the Successful PurchaserPurchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Maybank Islamic Berhad. For further particulars particulars, please contact Messrs. Azam, Baba Xxxxxx Xxx Xxxx & Aqmar Xxx Xxxxxx Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors NoXxxxxxxxxx Xx. 3-1, Xxxxx 00/00X00, Xxxxx Xxxxxx, Xxx Xxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxx Xxxxxx [Telephone No. No : 00-0000 000 0000 / Facsimile No. : 00-0000 000 0000 / Reference : ABA/L/PROP/2534ARI/438/2020/MBB/RRC/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank NS (GHL)] or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH XXXXXXX XXX XXXXXXXX No. 9-2, Sinar Sentul Commercial Centre7A (Opposite LHDN), (LICENSED AUCTIONEER) Jalan Sinar Sentul Xxxxxx XX 0, Xxxxxx Xxxxx, [XXXXXXX SAAPAHM (XXUM)], XXXMBA. 00000 Xxxxx Xxxxxx Xxxxxxxx, Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx Penang. H/P No.: 012-40896164089616 Website: xxx.xxxxxxxxxxxxxxx.xx FB Page: RAJ Auction House CONDITIONS OF SALE

Appears in 1 contract

Samples: Proclamation of Sale

AutoNDA by SimpleDocs

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The strata title to the subject property is A Condominium identified has not been issued as Developer’s (as per Original SPA) Parcel Xxyet. 0X-00-00, Xxxxxx XxMaster Title No. 00, Xxxxxxxx Xx. 0X together with Accessory Parcel XXX-00 & XXX-00 XXXXXX XXXXXXX OF UNIT : Xxxx Xx. 0X-00-00, Xxxxxxxxxx Xxxx Aiyu, Xx. 00, Xxxxx Xxxxx Xxxxx 22/1, Section 22, 40400 Shah Alam, Selangor Darul Ehsan. STRATA TITLE NO/ Lot No. : Geran 158780/M1-A/16/233 LOT NO : 132 Section 3 TOWN PN 115100, Lot 74778 (formerly known as H.S.(D) 319110, P.T. 370 & H.S.(D) 224381, P.T. 294) Pekan / DISTRICT District / STATE State : Pekan Batu Tiga Penaga / Petaling / Selangor Darul Ehsan PROVISIONAL FLOOR AREA Developer’s Lot No : 194 Parcel No. 23-22A, Type: A2+Utility, Storey No. 23rd Floor, Tower: SOHO, together with Accessory Parcel(s) Xx. X0X-00 & X0X-00, X’ Xxxxxx Xxxxxxxxx Xxxxxx : 99-year leasehold interest, expiring on 08th February 2117 Floor Area : 90 square metres (2,088 969 square feet) ACCESSORY PARCEL NO. Vendor / Developer : A594 & A595 TENURE DK-MY Properties Sdn Bhd (657253-H) Proprietor : Freehold VENDOR Ceria Pujangga Sdn Bhd (346831-X) Purchaser / DEVELOPER Beneficial Owner : Shanghai Reality (M) Sdn. Bhd. (Company No. 350799-U) ENCUMBRANCE Xxxx Xxxx Xxxx Encumbrances : Assigned to Malayan Banking Berhad pursuant to the said Agreements RHB ISLAMIC BANK BERHAD [Co. No. 200501003283 (680329-V)] Express Condition : Bangunan Perniagaan Restriction In Interest : Tanah ini tidak boleh dipindahmilik, dipajak atau digadai melainkan setelah mendapat kebenaran Pihak Berkuasa Negeri. LOCATION AND DESCRIPTION:- The subject property is an end duplex small office hype office (SOHO) unit together with two car parking bays as accessory parcels and subject to all easementsbearing postal address Unit No. 3A-23-22A, leasesBlok A, tenanciesD’ Latour, occupiersJalan Xxxxxx, chargesBandar Sunway PJS 7, caveats47500 Subang Jaya, previous sale Selangor Darul Ehsan. Accommodation:- (Ground Floor) Lounge cum dining area, bedroom, bath/wc, store, kitchen and purchasebalcony. (Mezzanine Floor) 2 bedrooms, previous assignment, covenants, liabilities subsisting thereon or thereoverbath/wc and air well. STRATA TITLE : Strata title to the property has been issued RESERVE PRICE:- The property will be sold on an “as is where is” basis, subject to a reserve price of RM426,000.00 RM607,500.00 (Ringgit Malaysia Four Hundred Twenty Six ThousandRINGGIT MALAYSIA SIX HUNDRED SEVEN THOUSAND AND FIVE HUNDRED ONLY) only, subject to the Conditions of Sale and by way of an assignment Assignment from the above Assignee/Bank Assignee subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : • 50% of the reserve price for Commercial property • 50% of the reserve price for Residential (RP RM500,000 and above) • 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad. For further particulars please contact Messrs. Azam, Baba & Aqmar Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors No. 3-1, Xxxxx 00/00X, Xxxxx Xxxxxx, Xxx Xxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxx Xxxxxx [Telephone No. : 00-0000 0000 / Facsimile No. : 00-0000 0000 / Reference : ABA/L/PROP/2534/MBB/RRC/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH No. 9-2, Sinar Sentul Commercial Centre, (LICENSED AUCTIONEER) Jalan Sinar Sentul 0, [XXXXXXX (XX)], XXX. 00000 Xxxxx Xxxxxx Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx H/P No.: 012-4089616

Appears in 1 contract

Samples: Service Agency Agreement and Purchase Understaking

PARTICULARS OF PROPERTY. DESCRIPTION OF PROPERTY : The subject property is A Condominium a 3 Bedroom Apartment identified as Developer’s Developer (as per Original SPA) Parcel Xx. 0X-00-00, Xxxxxx Xxxxx Xx. 00 (Xxxx XX) Xxxxx Xxxxx Wing [PI-21-07] Prai Inai Condominiums] Penang POSTAL ADDRESS OF UNIT : Xx. 00, Xxxxxxxx Xx. 0X together with Accessory Parcel XXX-00 & XXX-00 XXXXXX XXXXXXX OF UNIT : Xxxx Xx. 0X-00-00, Xxxxxxxxxx Xxxx AiyuXxxxx Xxxx, Xxxxxx Xxxxx Utama 0, Xxxxx Xxxxx Xxxxx, 00000 Xxxxx, Xxxxxx MASTER TITLE NO : Xxx Xx. 00000 (XX 00), Xx. 00X.X.(X) 58714, Bandar Prai, Daerah Seberang Perai Tengah, Pulau Pinang (Formerly known as Lot No. 5859, 5860, and 0000, Xxxxxx Xxxx, Xxxxxx Xxxxxxxx Xxxxx Xxxxx Xxxxx 22/1Xxxxxx,Xxxxxx) held under GRN 71726, Section 2271727 & 71728 respectively. PARENT LOT NOS : 5859, 40400 Shah Alam, Selangor Darul Ehsan. 5860 & 5861 STRATA TITLE NO. NO : Geran 158780/M1-A/16/233 LOT NO 153928 / M1 / 00 / 000, Xxxxxxxxx Xxxxxx Xx. X0 XXXX / XXXXXXXX / XXXXX : 132 Section 3 TOWN Prai / DISTRICT / STATE : Pekan Batu Tiga / Petaling / Selangor Darul Ehsan Seberang Perai Tengah/ Penang PROVISIONAL FLOOR LAND AREA : 194 Approximately 79.67 square metres (2,088 857.56 square feet) ACCESSORY PARCEL NO. : A594 & A595 TENURE : Freehold DEVELOPER / VENDOR / DEVELOPER : Shanghai Reality (M) SdnPRIMA PRAI OFFICES SDN. Bhd. BHD (Company No. 350799323643-UM) ENCUMBRANCE : Assigned to Malayan Banking Maybank Islamic Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE : Strata title to the property has Has been issued issued. The property will be sold on an “as is where is” basis, subject to a reserve price of RM426,000.00 RM192,000.00 (Ringgit Malaysia Four One Hundred Twenty Six ThousandNinety Two Thousand ) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Malayan Banking Maybank Islamic Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to For via Credit Card a maximum surcharge of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : • 502% of the reserve price for Commercial property • 50% of the reserve price for Residential (RP RM500,000 and above) • 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90) days from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad. For further particulars please contact Messrs. Azam, Baba & Aqmar Solicitor for the Assignee/Bank herein whose address is at Advocates & Solicitors No. 3-1, Xxxxx 00/00X, Xxxxx Xxxxxx, Xxx Xxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxx Xxxxxx [Telephone No. : 00-0000 0000 / Facsimile No. : 00-0000 0000 / Reference : ABA/L/PROP/2534/MBB/RRC/SGOR/KLANG/HL-Awin) solicitors for Assignee/Bank or the under mentioned Auctioneer. RAJ Auction House Sdn. Bhd. KOVINDA RAJ NARAINAH No. 9-2, Sinar Sentul Commercial Centre, (LICENSED AUCTIONEER) Jalan Sinar Sentul 0, [XXXXXXX (XX)], XXX. 00000 Xxxxx Xxxxxx Tel: 00-0000000/7 / Fax: 00-0000000 xxx.xxxxxxxxxxxxxxx.xx H/P Noimposed.: 012-4089616

Appears in 1 contract

Samples: Matter of Property Sale Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.