LandFreehold24%below market

Land for Sale by Auction (Lelong) in Kuala Lumpur · 3019, Jalan Sungai Penchala

Lot 3019, Off Jalan Sungai Penchala, Sungai Penchala, 60000 Kuala Lumpur

Land for Sale by Auction (Lelong) in Kuala Lumpur · 3019, Jalan Sungai Penchala
Reserve Price
RM 2,268,000
Market Price
RM 2,984,211
You save
RM 716,211
24% below market

Property Details

Type
Land
Tenure
Freehold
Land Area
43,056 sqft
Auction Date
8 Oct 2026 · 09:00 AM
Auction Round
8th auction · lower reserve
Auctioning Bank
Hong Leong Bank Berhad
Region
Kuala Lumpur
Reference
1F6381FA8F

Auction History

RoundAuction DateReserve PriceResult
7th auction13 Apr 2026RM 2,520,000Unsold
8th auction8 Oct 2026RM 2,268,000Upcoming

About This Lelong Land for Sale in Kuala Lumpur

This bank auction (lelong) land in Jalan Sungai Penchala, Kuala Lumpur is for sale by auction with a reserve price of RM2,268,000, around 24% below market value. Auction properties like this one in Kuala Lumpur can often be bought below market price.

Bank auction for freehold land in Sungai Penchala, Kuala Lumpur. This 43,056 sqft property is offered at a reserve price of RM2,268,000, which is 24% below its market value of RM2,984,211. Contact agent Peter Tan for auction details.

Lot 3019, Off Jalan Sungai Penchala, Sungai Penchala, 60000 Kuala Lumpur

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FAQ

How much below market value is this Land in Kuala Lumpur?+

The reserve price of RM 2,268,000 is about 24% below the estimated market value of RM 2,984,211. Auction properties can often be bought below market.

What is the reserve price?+

The reserve price is RM 2,268,000, set by Hong Leong Bank Berhad, the minimum bid for the auction. The final price is decided by open bidding.

When is the auction?+

The auction date is 8 Oct 2026. Dates and reserve prices may be revised by the bank, contact Peter Tan to confirm.

How do I bid on this property in Kuala Lumpur?+

Register for the auction, pay the 10% deposit, and bid on auction day. Contact Peter Tan to guide you through registration, deposit and bidding.

Is financing available for auction properties?+

Yes, many banks finance auction (lelong) properties. Get loan pre-approval before bidding. Contact Peter Tan for details.

Important note

Prices and auction dates are indicative and subject to change by the auctioning bank. Reserve prices may be revised. Please contact us to confirm the latest details before bidding.

Last updated: 3 Sep 2026

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