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1127
  • 16th Apr 2025
  • Auction Date
Past Auction 1st Auction
41, Lebuh King, 10200 Georgetown, Penang
  • RM1,800,000

Details

Updated on August 4, 2025 at 6:41 pm
  • Price RM1,800,000
  • Land Area 1340
  • Property Type Landed Properties, Shoplot, Residential
  • Property Status Past Auction
  • Auction Date 16th Apr 2025
  • Tenure Freehold

Description

2 Storey Shop House (No. 41) @ Georgetown, Penang for Auction

Lelong Price: RM1,800,000
Lelong Date: 16th Apr 2025

Address: No. 41, Lebuh King, 10200 Georgetown, Penang

✅ 2 Storey Shop House
✅ Land Area : 1340 sqft
✅ Located in the heart of Penang
✅ Freehold
✅ 1st Auction
✅ High Court Case (Non-LACA)

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Address

Open on Google Maps
  • Address: 41, Lebuh King, 10200 Georgetown, Penang
  • City: Georgetown
  • State/county: Penang
  • Zip/Postal Code: 10200
  • Area: Lebuh King, Georgetown
  • 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.

If you engage with us and appoint us as your agent, you do not have to do the due diligence checking.

Our team will assist you to do the due diligence and uncover whatever hidden cost that the unit may face.

Please do not hesitate to contact our team to participate in a property that you are interested in.

You can reach us via +6011 5640 8150 (Wesley).

If you lose the bidding, your deposit will be fully refunded to you.

We do not charge for attempting to bid and the bank will not take your deposit if  you lost the biding.

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.