Lelong 2-Storey Terrace House · Simpang Ampat, Penang
2-Storey Terrace House at Residensi Villa Mutiara, Simpang Ampat
No. 11, Lorong Residensi Villa Mutiara 1, Residensi Villa Mutiara, Simpang Ampat, Penang2-Storey Terrace House at Residensi Villa Mutiara, Simpang Ampat
This intermediate-lot 2-storey terrace house at Residensi Villa Mutiara offers about 1,442 sq ft in Simpang Ampat, Penang. With a reserve price of RM490,000, it suits upgraders, owner-occupiers and investors.
The property is being sold through a LACA (Loan Agreement Cum Assignment) auction handled by Ehsan Auctioneers 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 Simpang Ampat, a growing township in south Seberang Perai near Batu Kawan.
- Accessibility: Accessible via the North–South Expressway and the Sultan Abdul Halim Muadzam Shah Bridge (Second Penang Bridge).
- Property Specs: 2-Storey Terrace House, intermediate lot, approximately 1,442 sq ft.
- Auction Status: LACA auction on 22 October 2026 — reserve price RM490,000 (1st auction).
Auction Terms & Property Details
| Reserve Price | RM490,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM49,000) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 1 (1st auction) |
| Auctioneer | Ehsan Auctioneers Sdn Bhd |
| Solicitor | Azmi Rahim & Co (SG Petani) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | Landed Residential (2-Storey Terrace) |
| Unit Address | No. 11, Lorong Residensi Villa Mutiara 1, Residensi Villa Mutiara, 14120 Simpang Ampat, Penang |
Frequently Asked Questions
What is the reserve price of this Residensi Villa Mutiara terrace house?
The reserve price is RM490,000 for the auction on 22 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 (RM49,000), 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 the surrounding neighbourhood.
Interested in This Simpang Ampat Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
