Registrar Caveat

I've been to many property auctions, to a point I'm beginning to learn it is hardly worthwhile to buy anything with good value here. Whenever there is a hot property in auction, you find literally hundreds of bidders. In the end, the auction price turned out to be higher than market value. For example, a leasehold 20'x70' double storey link house in Sunway PJS7 auction recently fetched RM800k.