Lelong Retail Lot · Penampang, Sabah
Retail Lot at ITCC Penampang, Penampang
Lot No. 3-40B, Intermediate Lot, Third Floor, International Technology & Commercial Centre Penampang (Itcc Penampang), Penampang, SabahRetail Lot at ITCC Penampang, Penampang
This retail lot at ITCC Penampang offers about 205 sq ft of built-up space in Penampang, Sabah. With a reserve price of RM93,312, it suits business owners 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 Penampang, a mature residential area next to Kota Kinabalu.
- Accessibility: Accessible via the Penampang Bypass and the Pan Borneo Highway.
- Property Specs: Retail Lot, approximately 205 sq ft built-up.
- Auction Status: LACA auction on 23 October 2026 — reserve price RM93,312 (5th auction).
Auction Terms & Property Details
| Reserve Price | RM93,312 |
|---|---|
| Deposit Required | 10% of reserve price (RM9,331) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 5 (5th auction) |
| Auctioneer | Arena |
| Solicitor | Dr. Yee, Tan & Associates (Kota Kinabalu) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | Commercial (Retail Lot) |
| Unit Address | Lot No. 3-40B, Intermediate Lot, Third Floor, International Technology & Commercial Centre Penampang (Itcc Penampang), 89500 Penampang, Sabah |
Frequently Asked Questions
What is the reserve price of this ITCC Penampang retail lot?
The reserve price is RM93,312 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 (RM9,331), 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 Penampang Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
