Lelong Condominium · Bayan Lepas, Penang
Condominium at The Clovers (Unit 1C-26-03), Bayan Lepas
Unit No. 1C-26-03, Lengkok Merbah 3, The Clovers, Bayan Lepas, PenangCondominium at The Clovers (Unit 1C-26-03), Bayan Lepas
This 3-bedroom condominium at The Clovers (Unit 1C-26-03) offers about 1,399 sq ft of built-up space in Bayan Lepas, Penang. With a reserve price of RM504,000, it suits owner-occupiers, families and investors.
The property is being sold through a LACA (Loan Agreement Cum Assignment) auction handled by HAH. 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 Bayan Lepas, home to Penang International Airport and the Bayan Lepas Free Industrial Zone.
- Accessibility: Served by the Tun Dr Lim Chong Eu Expressway and both Penang bridges.
- Property Specs: Condominium, 3 bedrooms, approximately 1,399 sq ft built-up.
- Auction Status: LACA auction on 3 November 2026 — reserve price RM504,000 (2nd auction).
Auction Terms & Property Details
| Reserve Price | RM504,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM50,400) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 2 (2nd auction) |
| Auctioneer | HAH |
| Solicitor | Zaid Ibrahim & Co (Penang) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Condominium) |
| Unit Address | Unit No. 1C-26-03, Lengkok Merbah 3, The Clovers, 11900 Bayan Lepas, Penang |
Frequently Asked Questions
What is the reserve price of this The Clovers (Unit 1C-26-03) condominium?
The reserve price is RM504,000 for the auction on 3 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 (RM50,400), 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 common areas of the building.
Interested in This Bayan Lepas Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
