Lelong Condominium · Gelugor, Penang
Condominium at Lebuh Minden 1, Gelugor
1-E-28-1 Lebuh Minden 1 Mukim 13, Gelugor, PenangCondominium at Lebuh Minden 1, Gelugor
This condominium at Lebuh Minden 1 offers about 2,486 sq ft of built-up space in Gelugor, Penang. With a reserve price of RM1,200,000, it suits owner-occupiers, families and investors.
The property is being sold through a bank (Charge) auction handled by e-Lelong (online court auction). Sold strictly on an "as-is-where-is" basis.
- Location Advantage: Located in Gelugor, Penang Island, close to Universiti Sains Malaysia.
- Accessibility: Served by the Tun Dr Lim Chong Eu Expressway and close to the Penang Bridge.
- Property Specs: Condominium, approximately 2,486 sq ft built-up.
- Auction Status: Bank auction (Charge) on 30 November 2026 — reserve price RM1,200,000 (1st auction).
Auction Terms & Property Details
| Reserve Price | RM1,200,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM120,000) by bank draft |
| Auction Date | |
| Auction Type | Charge — Bank Auction (High Court) |
| Number of Auctions (NOA) | 1 (1st auction) |
| Auctioneer | e-Lelong (online court auction) |
| Solicitor | Zaid Ibrahim & Co |
| Tenure | Freehold (verify against the POS) |
| Property Category | High-Rise Residential (Condominium) |
| Unit Address | 1-E-28-1 Lebuh Minden 1 Mukim 13 11700 Gelugor, Penang |
Frequently Asked Questions
What is the reserve price of this Lebuh Minden 1 condominium?
The reserve price is RM1,200,000 for the auction on 30 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 (RM120,000), 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 Gelugor Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
