Auction

Property Auction

C S Auctioneers Limited, formerly know as Auction Department of C S Group, was established in 1990 primarily responsible for providing auction service to landlords and corporate clients which requires auction service for disposal of properties.

 

Led by seasoned agents and account managers, C S Auctioneers is dedicated to provide our clients with high quality property auction services. Throughout the years, we have successfully disposed a lot of properties ranging from residential, offices, shops, land lots, vehicles, ships, machinery and even car plate, upon receiving appointments from individual landlords, banks, financial institutions, courts, solicitors, trustees and governmental bodies.

 

Nowadays, we are recognized as market leader and take a leading share in obtaining listings and organizing auctions of court-ordered and bank-foreclosed properties. We also have been praised by clients our ability in handling dealings for properties with complicated issue which arising from legal matters. In recent years, we have expanded our services to provide all-rounded disposal solutions to chattels and machinery items.

 

Advantages of Auction Services

- Complimentary valuation service

  We provide complimentary valuation service to landlord as basis for setting reserve price.


- Experienced auctioneers

  Auctions are being held by our experienced auctioneers, who are good at creating competitive environment thus

  enable us to complete the transaction at highest price.


- Extensive network of buyers

  Our client database, which has been accumulated since our establishment in 1990, ranges widely from corporate investors,

  chattels collectors, second hand dealers to end users. This extensive network allows us to promote auction properties to

  the suitable clients. Through promotion and extensive advertisement, we are able to market properties at high and

  competitive transaction prices.


- Follow-up service

  If the property or item has not been sold up to the auction, we will continue our follow-up services to promote the property

  to other prospective buyers.

 

Procedure of Auction Services

Client provides details of the premises to the Auctioneers for valuation

     ↓

CSA renders complimentary valuation service to clients

Clients sign the appointment letter which specifies the date of auction and completion, opening bid and bottom price

     ↓

CSA issues land search to verify the details of the premises

     ↓

Strategic promotion will be launched which include:

Launching newspaper advertisement on major newspapers

Distributing printed matters in local vicinity

Arranging mail shot, email or fax to potential buyers

Uploading property details to our company website (www.chungsen.com.hk) in order to increase the exposure

Direct calling to potential buyers and existing clients

Arranging Open House

     ↓

Open Day: Site inspection by prospective buyers / Site inspection by appointment

     ↓

Day of Auction: Prospective buyers gathering in auction hall and bidding for the premises

     ↓

Bid higher than bottom price

If the premises has not been sold in the auction

(Deal completed)

     ↓

Signing of contract and Payment of deposit

Further promotion will be arranged

     ↓

Transaction completed

 

Notice to bidders

Bidders Notice (Chinese Traditional / English Version)

 

License No. C-012527