Shop OfficeFreehold10%below market

Shop Office for Auction in Kuala Lumpur · Kenanga Wholesale City

No. 5-23, Kenanga Wholesale City, Jalan Gelugor, 55200 Kuala Lumpur

Shop Office for Auction in Kuala Lumpur · Kenanga Wholesale City
Reserve Price
RM 693,000
Market Price
RM 770,000
You save
RM 77,000
10% below market

Property Details

TypeShop Office
TenureFreehold
Built-Up549 sqft
AreaKuala Lumpur
RegionKuala Lumpur
Auction Date9 Jul 2026 · 09:00 AM
Auction Round2nd auction
Auctioning BankMalayan Banking Berhad
ReferenceCC48DDF333
Proclamation of SalePDF ↓

Overview

This is a freehold shop-office unit at Kenanga Wholesale City, Kuala Lumpur, offered via bank auction (lelong) by Malayan Banking Berhad. With a built-up of 549 sqft, the reserve price is RM693,000, which is 10% below the market value of RM770,000. Contact agent Tan for auction details.

No. 5-23, Kenanga Wholesale City, Jalan Gelugor, 55200 Kuala Lumpur

Map of No. 5-23, Kenanga Wholesale City

FAQ

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

The reserve price of RM 693,000 is about 10% below the estimated market value of RM 770,000. Auction properties can often be bought below market.

What is the reserve price?+

The reserve price is RM 693,000, set by Malayan Banking Berhad — the minimum bid for the auction. The final price is decided by open bidding.

When is the auction?+

The auction date is 9 Jul 2026. Dates and reserve prices may be revised by the bank — contact 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 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 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: 4 Jul 2026

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