Lelong Apartment · George Town, Penang
Apartment at The Rise Collection II, George Town
No. 1-37-12, The Rise Collection II (Taman Harapan), Jalan Dr. Wu Lien Teh, George Town, PenangApartment at The Rise Collection II, George Town
This apartment at The Rise Collection II offers about 807 sq ft of built-up space in George Town, Penang. With a reserve price of RM291,600, it suits owner-occupiers, families and investors.
The property is being sold through a bank (Charge) auction handled by e-Lelong (online court auction). Sold strictly on an "as-is-where-is" basis.
- Location Advantage: Located in George Town, the capital of Penang and a UNESCO World Heritage city.
- Accessibility: Served by the Tun Dr Lim Chong Eu Expressway, Rapid Penang buses and the ferry to Butterworth.
- Property Specs: Apartment, approximately 807 sq ft built-up.
- Auction Status: Bank auction (Charge) on 2 December 2026 — reserve price RM291,600 (4th auction).
Auction Terms & Property Details
| Reserve Price | RM291,600 |
|---|---|
| Deposit Required | 10% of reserve price (RM29,160) by bank draft |
| Auction Date | |
| Auction Type | Charge — Bank Auction (High Court) |
| Number of Auctions (NOA) | 4 (4th auction) |
| Auctioneer | e-Lelong (online court auction) |
| Solicitor | Refer to Proclamation of Sale (POS) |
| Tenure | Leasehold (verify against the POS) |
| Property Category | High-Rise Residential (Apartment) |
| Unit Address | No. 1-37-12, The Rise Collection II (Taman Harapan), Jalan Dr. Wu Lien Teh, 10150 George Town, Penang |
Frequently Asked Questions
What is the reserve price of this The Rise Collection II apartment?
The reserve price is RM291,600 for the auction on 2 December 2026. Bidding starts from this reserve price.
How much deposit do I need to bid?
You need a 10% deposit of the reserve price (RM29,160), 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.
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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 George Town Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
