The Malaysian property Auction market saw 6,274 Properties worth about RM2.37 billion going under the hammer in 2Q2016. This works out to an average 2,090 properties a month, according to data compiled by AuctionGuru.com. Executive director of online auctions listing platform AuctionGuru.com Gary Chia said compared with the same quarter in the past two years, the number of foreclosures has been