Lelong Low-Cost Flat · Gelugor, Penang
Low-Cost Flat at Taman Jade, Gelugor
No. 316-5-6, Taman Jade Jalan Bukit Gambir, Gelugor, PenangLow-Cost Flat at Taman Jade, Gelugor
This 2-bedroom low-cost flat at Taman Jade offers about 474 sq ft of built-up space in Gelugor, 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; 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 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: Low-Cost Flat, 2 bedrooms, approximately 474 sq ft built-up.
- Auction Status: Bank auction (Charge) on 24 November 2026 — reserve price RM165,000 (1st auction).
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 (Land Office) |
| Number of Auctions (NOA) | 1 (1st auction) |
| Auctioneer | To be confirmed |
| Solicitor | Jayadeva & Kamal (Alor Setar) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Low-Cost Flat) |
| Unit Address | No. 316-5-6, Taman Jade Jalan Bukit Gambir, 11700 Gelugor, Penang |
Frequently Asked Questions
What is the reserve price of this Taman Jade flat?
The reserve price is RM165,000 for the auction on 24 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 (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.
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 Gelugor Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
