Lelong Condominium · Tanjung Tokong, Penang
Condominium at The Latitude, Tanjung Tokong
Unit No. 2B-31-2, Persiaran Halia 3, The Latitude, Tanjung Tokong, PenangCondominium at The Latitude, Tanjung Tokong
This 3-bedroom condominium at The Latitude offers about 1,500 sq ft of built-up space in Tanjung Tokong, Penang. With a reserve price of RM675,000, it suits owner-occupiers, families and investors.
The property is being sold through a LACA (Loan Agreement Cum Assignment) auction handled by NCM. 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 Tanjung Tokong, a seaside area on Penang Island near Straits Quay and Gurney Drive.
- Accessibility: Accessible via Jalan Tanjung Tokong and the coastal road into George Town.
- Property Specs: Condominium, 3 bedrooms, approximately 1,500 sq ft built-up.
- Auction Status: LACA auction on 29 October 2026 — reserve price RM675,000 (1st auction).
Auction Terms & Property Details
| Reserve Price | RM675,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM67,500) by bank draft |
| Auction Date | |
| Auction Type | LACA (Loan Agreement Cum Assignment) |
| Number of Auctions (NOA) | 1 (1st auction) |
| Auctioneer | NCM |
| Solicitor | Zaid Ibrahim & Co (Penang) |
| Tenure | Refer to Proclamation of Sale (POS) |
| Property Category | High-Rise Residential (Condominium) |
| Unit Address | Unit No. 2B-31-2, Persiaran Halia 3, The Latitude, 10470 Tanjung Tokong, Penang |
Frequently Asked Questions
What is the reserve price of this The Latitude condominium?
The reserve price is RM675,000 for the auction on 29 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 (RM67,500), 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 Tanjung Tokong Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
