Lelong 2-Storey Terrace House · Kota Kinabalu, Sabah
2-Storey Terrace House at Taman Rimba Phase 2, Kota Kinabalu
Lot No 254, Lorong Rimba 3, Taman Rimba Phase 2, Jalan Tuaran, Kota Kinabalu, Sabah2-Storey Terrace House at Taman Rimba Phase 2, Kota Kinabalu
This intermediate-lot 2-storey terrace house at Taman Rimba Phase 2 offers about 1,193 sq ft in Kota Kinabalu, Sabah. With a reserve price of RM580,000, it suits upgraders, owner-occupiers and investors.
The property is being sold through a LACA (Loan Agreement Cum Assignment) auction handled by Arena. 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 Kota Kinabalu, Sabah's state capital.
- Accessibility: Accessible via the Pan Borneo Highway and close to Kota Kinabalu International Airport.
- Property Specs: 2-Storey Terrace House, intermediate lot, approximately 1,193 sq ft.
- Auction Status: LACA auction on 23 October 2026 — reserve price RM580,000 (1st auction).
Auction Terms & Property Details
| Reserve Price | RM580,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM58,000) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 1 (1st auction) |
| Auctioneer | Arena |
| Solicitor | Wong & Shim (Kota Kinabalu) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | Landed Residential (2-Storey Terrace) |
| Unit Address | Lot No 254, Lorong Rimba 3, Taman Rimba Phase 2, Jalan Tuaran, 88450 Kota Kinabalu, Sabah |
Frequently Asked Questions
What is the reserve price of this Taman Rimba Phase 2 terrace house?
The reserve price is RM580,000 for the auction on 23 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 (RM58,000), 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.
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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 Kota Kinabalu Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
