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Below Market Value Properties – good bargains during downtime.

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UPCOMING AUCTION: MNP Auctioneers (Central) Sdn Bhd will be conduction an OPEN BIDDING auction for a private owner on 25th October 2017, from 2.30pm at our office at No.161 Jalan Sungai Pinang, 10150 Georgetown, Penang, Malaysia. We have had numerous people asking us about selling their properties via private auction, and now we have created a working platform for private owners to actually be able to sell through an Exclusive Auction. We have professional Open Bidding specialist to help you in understanding your property better, creating value and most importantly sell it according to the actual market demand. We will even appoint a special marketing task force if we find that your property is very unique and special (professional photography and flyer designs).

If you would like to know more about how we can help you organize an auction to sell your property to the highest bidder, you may call our hotline at 017-4006661. On top of that, you may drop by on 25th October 2017 to see how the auction is conducted.

Below is an article written by Malaysia’s renown property blogger at on our upcoming auction. Even popular bloggers are interested as Private Auction is a good alternative to sell your property aside from online and newspaper advertisements ad engaging agents. Do read more below.


–start of article–

Anyone in the market looking for a condo for less than RM350k? Well, here’s one good news. There’s an auction coming up and the price actually starts even lower than RM350k. It’s at RM338k and this is 15 percent below market value. An even better news? This is a sale by way of an auction by the owner who has appointed MNP Auctioneers and thus you do not need to try and throw out the existing occupants when you buy the usual properties being auctioned off by banks because of financially distressed owners. As a buyer, there is also no such worry that after you have proposed your buying price, the owner increases the selling price. As an agent, there is no need to worry. Register your potential buyer and if he wins the bid, your commission comes from MNP Auctioneers.


Click Here here to view flyer

Click Here here to view flyer

Here’s that full info of an upcoming auction in MNP Auctioneers office in Penang. Full details for the listing is hereThe auction will happen on 25th October 2017 @ 230pm sharp. You have many more days to drop by the area. It’s in Gelugor which is a very convenient location whether it’s to the bridge, the Bayan Lepas Industrial area, to Georgetown and even to schools and Tesco Gelugor. Location wise, I would personally rate this as a ‘hotspot.’ As for the property itself, make it yours and after renovation it will become your home sweet home. Below is the message by MNP Auctioneers:


Extra Details:
Looking for an auspicious house, this unit indicates one of the most prominent addresses where M=Money and 01-8 or 18=”Yee Fatt or Easy Flowing Fortune”

There are ample parking lots with 24 hours security therefore lack of parking isn’t any issues.
Residence in this vicinity are pampered with great surroundings and amenities such as a beautiful landscape garden, a cascading fountain, swimming pool, children’s playground, an outdoor space for a garden BBQ and even a tennis court for the sport lovers.

The project may not be new, but its surroundings are very clean & the area is well maintained by the management. This is a privilege to residence and at the same time, maintenance charges are low.

If as guest we’re to visit, there are ample parking space outside as well. Therefore, organizing parties and gatherings wouldn’t be a hassle.

Other nearby amenities and business outlets are also easily available via short distances such as Primary Schools, High Schools, University Sains Malaysia, McDonalds, KFC, Eateries and Restaurants, Convenient Shops, Banks, Clinics, JPJ & etc.

Lastly the owner of this unit is selling due to moving to live with her Children due to old age, therefore she is also very willing to let this property go at a below market value of up to 15%. Investors can consider buying up this unit, spending a little on its up-keeping and renting it out to a vast opportunity of tenants such as lecturers and teachers or even working adults from the close by areas.

Bidding happens this 25th October 2017 at MNP Office in Penang from 2.30pm onwards. Those interested to know more can contact our hotline at 017-4006661.

Please note only a 2% Bidding Deposit required by Cheque or Cash when you come to bid.

Full details for the listing is here. 

Happy registering and bidding.

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Original Article URL Here: Penang Island (central location) condo at RM338k? (15 percent below market price)


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