News: Man Loses Over RM100k Savings After Buying Penang Auction Property

Apr 10, 2018

A man claims that he has been evicted from a house he had bought through an auction after spending more than RM100,000 from his Employees Provident Fund (EPF) account, reported the Daily Express.

According to 45-year-old contractor Ong Liang Chui, he successfully bought a home at Taman Alor Vista in Relau, Penang for RM75,000 via a property auction in October 2014.

He also forked out an additional RM3,835 on attorney fees and RM37,460 on renovating the house.

But just as Ong was about to transfer his things to the property located near George Town, a man arrived and forcibly evicted him, insisting that the house is his. Moreover, Ong learned that the property was again being auctioned off.

“In April 2016, the exact property unit that I had bought was put up for live property auction again in Laurel Evergreen Hotel. I went to the venue and stopped the auction. When I complained to my property lawyer about this case, he told me to seek the auction firm.”

“When I talked to the auction firm, they told me to go talk to the bank in charge and when I did, they told me to talk to their lawyer… until now, there had been no response at all,” he told reported on Friday (6 April).

When queried why it took him a long time to file a complaint, Ong replied that it was due to the complicated situation, with the auction firm and bank not taking responsibility over the incident.

He had made a statement yesterday, but he had already filed a police report in December 2016. Ong also tried sending a complaint to Malaysian Anti-Corruption Commission (MACC) and Bank Negara Malaysia (BNM) last year, still nothing has been done.

Meanwhile, Penang Gerakan Coordinator for Padang Kota Constituency H’ng Khoon Leng promised Ong that he will send a complaint to the Advocates & Solicitors Disciplinary Board (ASDB).
This article was edited by the editorial team of PropertyGuru. To contact them about this or other stories email

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