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  • 10th Apr 2025
  • Auction Date
Past Auction 1st Auction
21, Jalan 1/1, Kawasan Perusahaan Olak Lempit, Olak Lempit, 42700 Banting, Selangor
  • RM7,000,000

Details

Updated on May 21, 2025 at 7:37 pm
  • Price RM7,000,000
  • Land Area 44154
  • Property Type Factory, Industrial
  • Property Status Past Auction
  • Auction Date 10th Apr 2025
  • Tenure Freehold

Description

1 Storey Detached Warehouse (No. 21) @ Kawasan Perusahaan Olak Lempit, Olak Lempit, Banting, Selangor for Auction

Lelong Price: RM7,000,000
Lelong Date: 10th Apr 2025

Address: No. 21, Jalan 1/1, Kawasan Perusahaan Olak Lempit, Olak Lempit, 42700 Banting, Selangor

✅ 1 Storey Detached Warehouse / Factory
✅ Land Area : 44154 sqft
✅ Freehold
✅ 1st Auction
✅ High Court Case (Non-LACA)

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Address

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  • Address: 21, Jalan 1/1, Kawasan Perusahaan Olak Lempit, Olak Lempit, 42700 Banting, Selangor
  • City: Banting
  • State/county: Selangor
  • Zip/Postal Code: 42700
  • Area: Olak Lempit, Banting
  • Country: Malaysia

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Frequently Asked Questions

For auction cases, you generally need 10% of the reserve price.

In some LACA cases, the bank may allow for 5% deposit to participate.

For auction properties, you  cannot view the interiors of the property.

However, you can view the property from outside. If it is a condominium / service apartment, viewing outside the gate is subjected to management approval.

Yes, you can take loan when buying auction properties, just like how you would take loan for buying any property in Malaysia. Loans up to 90% can be taken from the bank.

However, no mark-up loan is available for auction units. You can only take loan based on the successfully bided price.

It is recommended that you prepare up to 20% of auction sold price to comfortably acquire the auction property. 

Case to case basis, each auction unit may require different amount of cash on hand.

We will advise you based on the due diligence checking.

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If you decide to cancel the sale after winning the bid, the bank will not refund you the deposit.

Even with good reasons such as 
1. Bumi lot (unable to transfer title to your name)

2. Caveated unit (unable to disburse the remaining 90% via loan)

3. Developer under liquidation (lawyers unable to process the documentation within the time frame)

And any other reasons you can find.

Do consult us before participating in any auction unit as we will help you uncover these details and advise whether it is safe to proceed or not.