Kenanga Wholesale City 1-51: Shop Office for Sale by Auction (Lelong) in Kuala Lumpur
No. 1-51, Kenanga Wholesale City, Jalan Gelugor, 55200, Kuala Lumpur
Property Details
- Type
- Shop Office
- Tenure
- Freehold
- Land Area
- 581 sqft
- Auction Date
- 5 Nov 2026 · 09:00 AM
- Auction Round
- 1st auction
- Auctioning Bank
- Maybank Islamic Berhad
- Area
- Kuala Lumpur
- Region
- Kuala Lumpur
- Reference
- 56726437D8
Title & restrictions
- State consent to transfer
- No restriction in interest stated on the proclamation
- Balance payment period
- 120 days from the auction date
- Court
- High Court, Kuala Lumpur
From the High Court proclamation of sale. Confirm with a land title search before bidding.
Against Kenanga Wholesale City subsale prices
This reserve is about 15% below the building's JPPH-registered subsale median (scaled to the land area) (21 transfers, 36 months).
Subsale median RM800,000, JPPH-registered subsale transfers, 36 months.
Recent auction sold prices for shop office in Kuala Lumpur
Actual hammer prices against reserve for similar lots nearby, a benchmark for your bid.
| Property | Sold on | Round | Reserve | Sold price | Premium |
|---|---|---|---|---|---|
| Block C, Setiawangsa Business Suite Shop Office · Kuala Lumpur | 29 Sep 2026 | 6th auction | RM 306,000 | RM 348,000 | +13.7% |
| Berjaya Times Square, Block Podium Shop Office · Kuala Lumpur | 22 Sep 2026 | 5th auction | RM 1,116,000 | RM 1,116,000 | At reserve |
| & BO2-B-18A-1, Menara 3 Shop Office · Kuala Lumpur | 3 Sep 2026 | 1st auction | RM 7,900,000 | RM 7,900,000 | At reserve |
| Menara 3, No. 3 Shop Office · Kuala Lumpur | 3 Sep 2026 | 1st auction | RM 3,810,000 | RM 3,810,000 | At reserve |
| Menara 3, No. 3 Shop Office · Kuala Lumpur | 3 Sep 2026 | 1st auction | RM 5,250,000 | RM 5,250,000 | At reserve |
About This Lelong Shop Office for Sale in Kuala Lumpur
This bank auction (lelong) shop office in Kenanga Wholesale City, Kuala Lumpur is for sale by auction with a reserve price of RM990,000. Auction properties like this one in Kuala Lumpur can often be bought below market price.
This freehold office unit or shop lot at Kenanga Wholesale City on Jalan Gelugor in Kuala Lumpur measures 581 sq ft and is a bank auction (lelong) property via Maybank Islamic Berhad. The auction is scheduled for 5 November 2026 with a reserve price of RM990,000. Contact Crispina Ng for auction details and guidance on the bidding process.
Location
Open in Google Maps ↗No. 1-51, Kenanga Wholesale City, Jalan Gelugor, 55200, Kuala Lumpur
FAQ
What is the reserve price?+
The reserve price is RM 990,000, set by Maybank Islamic Berhad, the minimum bid for the auction. The final price is decided by open bidding.
When is the auction?+
The auction date is 5 Nov 2026. Dates and reserve prices may be revised by the bank, contact Crispina Ng to confirm.
How do I bid on this property in Kuala Lumpur?+
Register for the auction, pay the 5% to 10% deposit, and bid on auction day. Contact Crispina Ng 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 Crispina Ng for details.
How long do I have to pay the balance after winning?+
The court proclamation gives 120 days from the auction date to pay the balance of the purchase price. Line up your loan before auction day.
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.
Similar auction properties
Berjaya Times Square
4th Floor, Berjaya Times Square, Jalan Imbi, 55100 Kuala Lumpur
Kompleks Kenanga Wholesale City
Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur
Menara UP
Menara UP, No. 60, Jalan Puchong, 58200 Kuala Lumpur
Menara UP
Menara UP, No. 60, Jalan Puchong, 58200 Kuala Lumpur
Lelong buying guides
- Buying Shop Office at Auction in KL & Selangor: Guide
- Bungalow Auction in KL & Selangor: What Buyers Must Know
- Buying a Terrace House at Auction in KL & Selangor: Guide
- Buying a Semi-D House at Lelong Auction in KL & Selangor
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