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Hi! I am interested in buying a property through auctions (I am a Singaporean) but would like to know other than the 5-10% deposit required if I am the highest bidder, do I need to place a “pre-deposit” if I am attending the auction as a bidder i.e $10,000 given to the auctioneer before the auction starts and if I’m the highest bidder and the property is sold to me, the $10,000 will be included in the 5-10% deposit I’m supposed to pay if I’m the highest bidder? I’ve seen other countries requiring such pre deposits to ensure that we are serious bidders but I can’t seem to find such information about Singapore property auctions. Any advise will be appreciated!