Auction Property in Penang 2026
Penang auction listings are rare and valuable — island-side property supply is genuinely constrained. Buying at auction in Penang's premium corridors (Georgetown, Tanjung Tokong, Batu Ferringhi) can deliver immediate equity given land scarcity. Mainland Penang auctions offer more volume at lower prices.
9 Auction Properties in Penang
Sorted by price (lowest first)
RM61k
RM111 psf
Flat — Taman Terubong Jaya
Tingkat Paya Terubong 4
Auction Date
28 Apr 2026 (Tue)
RM98k
RM199 psf
Flat — Lebuh Sungai Ara 1
11900 Bayan Lepas
Auction Date
29 Apr 2026 (Wed)
RM112k
RM199 psf
Flat — Jalan Sungai Satu
Batu Ferringhi
Auction Date
29 Apr 2026 (Wed)
RM144k
RM227 psf
Retail Lot — KOMTAR
10000 Georgetown
Auction Date
29 Apr 2026 (Wed)
RM150k
RM218 psf
Flat — Lorong Bukit Kukus
11060 Paya Terubong
Auction Date
5 May 2026 (Tue)
RM157k
RM225 psf
Flat — Lengkok Angsana
11500 Ayer Itam
Auction Date
27 Apr 2026 (Mon)
RM236k
RM262 psf
Apartment — Residensi Pauh Permai
13500 Permatang Pauh
Auction Date
28 Apr 2026 (Tue)
RM394k
RM307 psf
Condominium — Jalan Desiran Tanjung
The Breeza
Auction Date
28 Apr 2026 (Tue)
RM445k
RM460 psf
Luxurious Suite — Hotel Lexis Suites
11920 Bayan Lepas
Auction Date
23 Apr 2026 (Thu)
How to Buy Auction Property in Penang
Find listings
Browse LelongTips or bank websites. Set price alerts for your target area and price range.
Inspect property
View the property before bidding if possible. Check for tenants, condition issues, and access.
Check NAPIC comps
Verify the reserve price against real NAPIC transaction data for the same area. Never overpay.
Prepare deposit
Bring 10% of reserve price as cashier's order on auction day. Win the bid, pay balance within 90–120 days.
Price Breakdown — Penang Auctions
7
Below RM300k
2
RM300k – RM600k
0
Above RM600k