{"id":16276,"date":"2015-05-15T22:29:40","date_gmt":"2015-05-15T15:29:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/revealed-how-madbid-buyers-can-end-up-paying-twice-the-price\/"},"modified":"2016-06-12T18:24:42","modified_gmt":"2016-06-12T11:24:42","slug":"revealed-how-madbid-buyers-can-end-up-paying-twice-the-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/revealed-how-madbid-buyers-can-end-up-paying-twice-the-price\/","title":{"rendered":"Revealed: How MadBid buyers can end up paying twice the price"},"content":{"rendered":"


\nUnsuccessful bids, disappearing credits and problems getting refunds prompt flood of complaints from discount auction website\u2019s customers The home page of auction website MadBid makes a series of stunning claims. One bidder snapped up a Fiat 500 for just \u00a3193. Another grabbed \u201ca week in the sun\u201d for a mere \u00a33.28. A third is about to take delivery of a brand-new Mini One for the staggeringly low price of \u00a36.83.But a Guardian Money investigation suggests that successful buyers may end up paying more for goods available on conventional retail sites, while the far more numerous unsuccessful bidders face losing \u00a328 or more each. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Revealed: How MadBid buyers can end up paying twice the price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Unsuccessful bids, disappearing credits and problems getting refunds prompt flood of complaints from discount auction...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-16276","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4ew","jetpack-related-posts":[{"id":120287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-development-off-east-coast-to-go-en-bloc-via-auction\/","url_meta":{"origin":16276,"position":0},"title":"Freehold development off East Coast to go en bloc via auction","date":"February 10, 2021","format":false,"excerpt":"\r Freehold development off East Coast to go en bloc via auctionCollective sales via auction is a rarity in Singapore since most are done via tender. This will be the first since 1997. A three-storey apartment building off East Coast Road is set to be put up for en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/property-auction.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":132628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evelyn-waughs-once-beloved-cotswold-mansion-goes-up-for-auction-at-2-5m\/","url_meta":{"origin":16276,"position":1},"title":"Evelyn Waugh\u2019s once-beloved Cotswold mansion goes up for auction at \u00a32.5m","date":"December 11, 2022","format":false,"excerpt":"\r Grade-II*-listed eight-bedroom, six-bathroom Piers Court is where writer penned many illustrious novels, including Brideshead RevisitedA Grade II*-listed Cotswold mansion where Evelyn Waugh wrote Brideshead Revisited is up for auction with a guide price of \u00a32.5m \u2013 about \u00a3400,000 less than it sold for just four years ago.However, there is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-hdb-resale-buyers-paying-cov-on-the-uptick\/","url_meta":{"origin":16276,"position":2},"title":"Proportion of HDB resale buyers paying COV on the uptick","date":"July 6, 2021","format":false,"excerpt":"\r Despite the increase, the ministry noted that the majority of HDB resale buyers did not pay any COV, with the median COV for each year remaining at $0. The proportion of HDB resale buyers paying a Cash Over Valuation (COV) has been on the uptrend, rising from about one\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/New-HDB-flats.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102457,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-hit-7-year-low\/","url_meta":{"origin":16276,"position":3},"title":"Property auction sales hit 7-year low","date":"December 21, 2018","format":false,"excerpt":"\r The total sales value at auctions nearly halved year-on-year from $101.5 to $54.12 million. The overall value of properties that were successfully sold via auction nearly halved from $101.5 million in 2017, ending the year at $54.12 million, the lowest since 2012, according to a new report from JLL.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/12\/Total-sales-value-during-auction.jpg?fit=400%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":38189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-up-significantly-in-q4\/","url_meta":{"origin":16276,"position":4},"title":"Property auction sales up significantly in Q4","date":"December 15, 2016","format":false,"excerpt":"\r Q4 auction sales accounted for over half of total sales in 2016. (Photo: JLL) Property auction sales for the fourth quarter of 2016 exceeded expectations, with total sales at $47.2 million, or 51 percent of this year\u2019s tally, said property consultancy JLL. The figure is more than three times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62968,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-q3-start-for-the-auction-market\/","url_meta":{"origin":16276,"position":5},"title":"Strong Q3 start for the auction market","date":"August 7, 2017","format":false,"excerpt":"\r \u00a0 Singapore\u2019s auction sales market was off to a strong third quarter start, with total sales value at S$34.8 million for the month of July alone, revealed an Edmund Tie & Company report. While it is just the start of the quarter, the figure is already 18.1 percent higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/16276"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=16276"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/16276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=16276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=16276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=16276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}