Lelong Serviced Apartment · Tanjung Tokong, Penang
Serviced Apartment at Straits Quay, Tanjung Tokong
Unit No. 3A-2-30, Straits Quay, Jalan Seri Tanjung Pinang, Tanjung Tokong, PenangServiced Apartment at Straits Quay, Tanjung Tokong
This serviced apartment at Straits Quay offers about 1,012 sq ft of built-up space in Tanjung Tokong, Penang. With a reserve price of RM600,000, it suits owner-occupiers, families and investors.
The property is being sold through a LACA (Loan Agreement Cum Assignment) auction handled by Property Auction House Sdn Bhd. In a LACA auction, the purchaser takes over the borrower's rights under the sale and purchase agreement, so developer or proprietor consent is usually required for the transfer. Sold strictly on an "as-is-where-is" basis.
- Location Advantage: Located in Tanjung Tokong, a seaside area on Penang Island near Straits Quay and Gurney Drive.
- Accessibility: Accessible via Jalan Tanjung Tokong and the coastal road into George Town.
- Property Specs: Serviced Apartment, approximately 1,012 sq ft built-up.
- Auction Status: LACA auction on 20 October 2026 — reserve price RM600,000 (2nd auction).
Auction Terms & Property Details
| Reserve Price | RM600,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM60,000) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 2 (2nd auction) |
| Auctioneer | Property Auction House Sdn Bhd |
| Solicitor | Jayadeva & Kamal (Alor Setar) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Serviced Apartment) |
| Unit Address | Unit No. 3A-2-30, Straits Quay, Jalan Seri Tanjung Pinang, 10470, Penang |
Frequently Asked Questions
What is the reserve price of this Straits Quay serviced apartment?
The reserve price is RM600,000 for the auction on 20 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 (RM60,000), prepared as a bank draft before the auction day.
Can I get a bank loan for this LACA auction property?
Yes, buyers can generally use housing loans for LACA properties. However, you must get your loan pre-approved before bidding, as the balance is typically due within 90 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 Tanjung Tokong Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
