Plaza GM 7-16: Shop Office for Sale by Auction (Lelong) in Kuala Lumpur
No. 7-16, Plaza GM, No. 12, Lorong Haji Taib 5, 50350, Kuala Lumpur
Property Details
- Type
- Shop Office
- Tenure
- Freehold
- Built-Up
- 474 sqft
- Auction Date
- 9 Dec 2026 · 09:00 AM
- Auction Round
- 9th auction · lower reserve
- Auctioning Bank
- OCBC Bank Malaysia Berhad
- Area
- Kuala Lumpur
- Region
- Kuala Lumpur
- Reference
- 20E55C62A3
Title & restrictions
- State consent to transfer
- No restriction in interest stated on the proclamation
- Land use (express condition)
- Commercial
- 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.
Auction History
| Round | Auction Date | Reserve Price | Result |
|---|---|---|---|
| 8th auction | 16 Apr 2026 | RM 545,022 | Unsold |
| 9th auction | 9 Dec 2026 | RM 490,520 | Upcoming |
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 Plaza GM, Kuala Lumpur is for sale by auction with a reserve price of RM490,520, around 52% below market value. Auction properties like this one in Kuala Lumpur can often be bought below market price.
This freehold office unit at Plaza GM, Lorong Haji Taib 5 in Kuala Lumpur offers 474 sq ft of shop-office or retail space. It is a bank auction (lelong) property by OCBC Bank Malaysia Berhad with a reserve price of RM490,519.80, about 52% below the indicated market value of RM1,021,916. For auction details, contact Crispina Ng.
Location
Open in Google Maps ↗No. 7-16, Plaza GM, No. 12, Lorong Haji Taib 5, 50350, Kuala Lumpur
FAQ
How much below market value is this Shop Office in Kuala Lumpur?+
The reserve price of RM 490,520 is about 52% below the estimated market value of RM 1,021,916. Auction properties can often be bought below market.
What is the reserve price?+
The reserve price is RM 490,520, 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 9 Dec 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.
What can this property be used for?+
The title's express condition is commercial use. Commercial titles usually pay commercial rates for quit rent and assessment.
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.
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Lelong buying guides
- Buying Shop Office at Auction in KL & Selangor: Guide
- Do You Need a Lelong Agent? How to Choose and Check One
- LPPSA Auction House: Can You Use LPPSA to Buy a Lelong Home?
- Bank Lelong Property in Malaysia: How Each Bank Runs Its Auctions
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