Lelong Low-Cost Apartment · Ayer Itam, Penang
Low-Cost Apartment at Taman Terubong Indah, Ayer Itam
1-15-4, Tingkat Paya Terubong 5, Ayer Itam, PenangLow-Cost Apartment at Taman Terubong Indah, Ayer Itam
This 3-bedroom low-cost apartment at Taman Terubong Indah offers about 700 sq ft of built-up space in Ayer Itam, Penang. With a reserve price of RM165,000, it suits owner-occupiers, families and investors.
The property is being sold through a bank (Charge) auction handled by Apex Auctioneers (M) Sdn. Bhd.. Sold strictly on an "as-is-where-is" basis.
- Location Advantage: Located in Ayer Itam, home to Kek Lok Si Temple and Penang Hill.
- Accessibility: Accessible via the Paya Terubong and Ayer Itam roads into George Town.
- Property Specs: 15th floor of a 24-storey block, 3 bedrooms, approximately 700 sq ft built-up.
- Auction Status: Bank auction (Charge) on 21 October 2026 — reserve price RM165,000.
Auction Terms & Property Details
| Reserve Price | RM165,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM16,500) by bank draft |
| Auction Date | |
| Auction Type | Charge — Bank Auction |
| Auctioneer | Apex Auctioneers (M) Sdn. Bhd. |
| Solicitor | Zaid Ibrahim & Company |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Low-Cost Apartment) |
| Unit Address | 1-15-4, Tingkat Paya Terubong 5, Taman Terubong Indah, Penang |
Frequently Asked Questions
What is the reserve price of this Taman Terubong Indah apartment?
The reserve price is RM165,000 for the auction on 21 October 2026. Bidding starts from this reserve price.
How much deposit do I need to bid?
You need a 10% deposit of the reserve price (RM16,500), prepared as a bank draft before the auction day.
Can I get a bank loan for this auction property?
Yes, buyers can generally use housing loans. However, you must get your loan pre-approved before bidding, as the balance is typically due within 90 to 120 days depending on the Conditions of Sale.
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Can I view the interior before the auction?
No, interior viewing is usually not permitted because auction properties are sold strictly "as-is-where-is". You may only inspect the exterior and common areas of the building.
Interested in This Ayer Itam Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
