Lelong 2-Storey Terrace House · Balik Pulau, Penang
2-Storey Terrace House at Palmyra Residences, Balik Pulau
No. 12A, Jalan Sungai Nipah 15 Palmyra Residences, Balik Pulau, Penang2-Storey Terrace House at Palmyra Residences, Balik Pulau
This intermediate-lot 2-storey terrace house at Palmyra Residences offers about 1,238 sq ft in Balik Pulau, Penang. With a reserve price of RM550,000, it suits upgraders, owner-occupiers 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 Balik Pulau, on the quieter south-west side of Penang Island.
- Accessibility: Accessible via the Jalan Teluk Kumbar route towards Bayan Lepas.
- Property Specs: 2-Storey Terrace House, intermediate lot, approximately 1,238 sq ft.
- Auction Status: Bank auction (Charge) on 2 November 2026 — reserve price RM550,000 (1st auction).
Auction Terms & Property Details
| Reserve Price | RM550,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM55,000) 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 | Jayadeva & Kamal (Alor Setar) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | Landed Residential (2-Storey Terrace) |
| Unit Address | No. 12A, Jalan Sungai Nipah 15 Palmyra Residences, 11020 Balik Pulau, Pulau Pinang 11020, Penang |
Frequently Asked Questions
What is the reserve price of this Palmyra Residences terrace house?
The reserve price is RM550,000 for the auction on 2 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 (RM55,000), 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 the surrounding neighbourhood.
Interested in This Balik Pulau Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
