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AUCTION

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No bidders for RM313.6 million Gurney Drive land auction

An auction for a six-acre parcel of land near Gurney Drive, Penang, failed to attract any bidders on Wednesday, dealing a setback to efforts to raise funds for the long-delayed Ayer Itam road bypass project. Representatives of the appointed auction agent, One Asia Property Consultants (PG) Sdn Bhd, waited an ... Read More
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Penang govt to auction 6-acre Gurney Drive land for over RM300m

A 6-acre freehold prime land parcel next to Gurney Bay and Andaman Island will be offered for public auction on Oct 7, 2026, with a reserve price of RM313.632 million. Located at P.T. 858 (Plot 7A), Section 2, Bandar Tanjung Pinang, Northeast District, Penang, the land carries a reserve price ... Read More
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High Court: Auction buyers not liable for unpaid maintenance and sinking fund

Purchasers who acquire strata properties through court-ordered auctions cannot automatically be held responsible for unpaid maintenance charges and sinking fund contributions left behind by previous owners, the High Court has ruled in a decision expected to provide greater clarity for auction property buyers. Judicial commissioner Moh Kok Wai said the ... Read More