Shop OfficeFreehold34%below market

Shop Office for Sale by Auction (Lelong) in Kuala Lumpur · Kompleks Kenanga Wholesale City 1-55

No. 1-55, Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur

Shop Office for Sale by Auction (Lelong) in Kuala Lumpur · Kompleks Kenanga Wholesale City 1-55
Reserve Price
RM 1,313,000
Market Price
RM 1,989,394
You save
RM 676,394
34% below market

Property Details

Type
Shop Office
Tenure
Freehold
Built-Up
936 sqft
Auction Date
15 Oct 2026 · 09:00 AM
Auction Round
5th auction · lower reserve
Auctioning Bank
OCBC Bank Malaysia Berhad
Region
Kuala Lumpur
Reference
F6A0EFBF9B

Auction History

RoundAuction DateReserve PriceResult
4th auction17 Mar 2026RM 1,458,000Unsold
5th auction15 Oct 2026RM 1,313,000Upcoming

About This Lelong Shop Office for Sale in Kuala Lumpur

This bank auction (lelong) shop office in Kompleks Kenanga Wholesale City, Kuala Lumpur is for sale by auction with a reserve price of RM1,313,000, around 34% below market value. Auction properties like this one in Kuala Lumpur can often be bought below market price.

This freehold shop-office unit in Kompleks Kenanga Wholesale City, Jalan Gelugor, Kuala Lumpur offers 936 sq ft of built-up space. It is a bank auction (lelong) property by OCBC Bank Malaysia Berhad, with a reserve price of RM1,313,000 against a market value of RM1,989,394, about 34% below market, and the auction is scheduled for 15 October 2026. Contact agent Peter Tan for auction details.

No. 1-55, Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur

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FAQ

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

The reserve price of RM 1,313,000 is about 34% below the estimated market value of RM 1,989,394. Auction properties can often be bought below market.

What is the reserve price?+

The reserve price is RM 1,313,000, set by OCBC Bank Malaysia Berhad, the minimum bid for the auction. The final price is decided by open bidding.

When is the auction?+

The auction date is 15 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: 10 Sep 2026

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