Lelong Flat · Ayer Itam, Penang
Flat at Lorong Semarak Api 3, Ayer Itam
33-2-20, Lorong Semarak Api 3, Mukim 3, Ayer Itam, PenangFlat at Lorong Semarak Api 3, Ayer Itam
This flat at Lorong Semarak Api 3 offers about 506 sq ft of built-up space in Ayer Itam, Penang. With a reserve price of RM121,500, it suits owner-occupiers, families and investors.
The property is being sold through a bank (Charge) auction; the auctioneer has not been confirmed yet, so check the latest status before the auction date. 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: 2nd floor of a 10-storey block, approximately 506 sq ft built-up.
- Auction Status: Bank auction (Charge) on 5 November 2026 — reserve price RM121,500.
Auction Terms & Property Details
| Reserve Price | RM121,500 |
|---|---|
| Deposit Required | 10% of reserve price (RM12,150) by bank draft |
| Auction Date | |
| Auction Type | Charge — Bank Auction |
| Auctioneer | To be confirmed |
| Solicitor | VM Mohan, Fareed & Co |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Flat) |
| Unit Address | 33-2-20, Lorong Semarak Api 3, Mukim 3, Ayer Itam, Penang |
Frequently Asked Questions
What is the reserve price of this Lorong Semarak Api 3 flat?
The reserve price is RM121,500 for the auction on 5 November 2026. Bidding starts from this reserve price.
How much deposit do I need to bid?
You need a 10% deposit of the reserve price (RM12,150), 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.
Check Your Loan Eligibility via WhatsApp →
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.
