Property for auction at Serian, Sarawak (39 plot)- 31/7/2013

Dear Sirs,

We refer to the above matter.

Kindly be informed that the above mentioned property is available for auction on   31 July 2013 at Auction Room High Court, Kuching.

We attach the Proclamation of Sale  (POS) of the said property for your reference.

 If your firm is interested to introduce a potential bidder to Bank Islam, below are our terms and conditions:-

1.      To provide the following documents for our record purposes:-

                       i.         REA License (Form K and Q).                                                 

                     ii.         Professional Indemnity Policy of not less than RM100,000.00.

                   iii.         Company Profile and evidence that your firm is having at least 2 real estate agent.

2.      Introduction of a bidder to us via registration exercise. Submission of the registration must be reached to us at least 3 days before the auction date. Particulars needed for the registration exercise are as follows:-

i.                                Bidder’s name;

ii.                              Bidder’s Identification No. (Company no / NRIC);

iii.                            Bidder’s Address;

iv.                            Bidder’s Contact No;

v.                              Bidder’s acknowledgement that you are acting as their agent.

Note :- Kindly use your company’s letter head for all writing communication with us.

3.      Kindly provided us with the following supporting documents:

i.                    Photocopy of Bidder’s Identity Card;

ii.                  Photocopy of Bankers Cheque; and

iii.                Letter of authorization (If the Bidder is representing a company, or other party).

4.        Applicable Commission Rate (on successful basis only):-

Successful Bidding Price / Concluded Auction Price		Commission (%) (subject to changes)
RM500,000.00 and below		2.00%
RM500,001 to RM2,000,000.00		1.75%
RM2,000,001.00 and above		1.50%

Kindly be reminded;  that the Bidder is required to adhere to the terms and conditions stated in Proclamation of Sale (POS).

Acceptance of submission made to Bank Islam is subject to compliance of all terms and conditions stated above.  Bank Islam at its sole discretion reserve the right to reject any submission without any reason whatsoever and / or prior notice to you. Bank Islam decision shall be conclusive and final.

For enquiries, kindly call Suhaimi at 03-2782 1148 / SMS to 012-6134423. Or email me, TQ

Kindest regards,
S Shahrulnizam (SHAHRUL)  (",)~

Corporate Recovery| Bank Islam Malaysia Berhad

15th Floor, Menara Bank Islam, No.22 Jalan Perak, 50450 Kuala Lumpur

DL: 603 2782 1163| F: 03-2782 1354| HP Department : 012- 613 4423

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