Information for Pawners

      

•   1. When are the pawnbrokers’ auctions?
  Section 20 of the Pawnbrokers Act provides that all unredeemed pledges above S$50 must be auctioned off at public auctions. Any surplus raised from the auction must be returned to the pawners. This measure protects the pawners against excessive loss in the event that the pawn value is below the market value of the pledges. Schedule of auctions The viewing time of the unredeemed pledges starts from 9.30 am to 12.30 pm and auctions will begin at 12.45 pm. Venues:

  • Hotel Royal 36 Newton Road, Singapore 307964 Tel: 6253 8668  |  Email: royal@hotelroyal.com.sg
  • Hotel Royal @ Queens 12 Queen Street, Singapore 188553, Tel: 6725 9988  |  Email: info@royalqueens.com.sg
  • Entrepreneur Centre 50 Tagore Lane #B1-01 Singapore 787494 Tel: 6511 2929 |  Email: enquiry@ebc-office.sg
     

  Dates for 2012:
  
  

  Dates
  14	Jan	2012
  18	Feb	2012
  17	Mar	2012
  21	Apr	2012
  19	May	2012
  23	Jun	2012
  21	Jul	2012
  18	Aug	2012
  15	Sep	2012
  13	Oct	2012
  24	Nov	2012
  15	Dec	2012

   
•   2. How can I realise surplus from auctions?
  Pawners who are entitled to the surplus realised from the auctions will be informed by the pawnbrokers to collect the surplus from the respective pawnshop within four months of the date of auction.