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Stratified Commercial Space
Freehold
Property Address
Unit No. 97-1-10, The Palazzia, Jalan Bukit Gambir, 11700 Gelugor, Penang
Built Up
Approx. 1,087 sq.ft
Reserve Price
RM 792,000.00 (Approx. RM 728 per sq.ft)
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Deposit
10% of Reserve Price (Auction Deposit, if made via online transfer, must be deposited directly into our company's bidder deposit account only. We have not authorised any 3rd party to receive the same on our behalf.)
  • Ample parking space
  • Located at strategic commercial location
e-Bidding Registration
Property Highlights
✔ High foot traffic area  (Facing main road with excellent investment opportunity)
✔ Mature location with high visibility 
✔ Surrounded by mixed Development (Commercial + Residential Units Above)
✔ High Rental Demand for Commercial Units
✔ Well-connected to Penang Bridge
✔ Situated near popular amenities including Lotus’s Sungai Dua, Mixue Sungai Dua, McDonald's Desa Universiti and other convenience stores
✔ Easily accessible via Jalan Bukit Gambir, Jalan Universiti & Jalan Sultan Azlan Shah
Auction Details
Reference No.
NCM/AMB/60921
Auction Fair
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Auction Date & Time
8th September 2025, Monday, 11:00 AM
(Counter Registration closed at 10:45 AM)
Auction Venue
Ng Chan Mau Auction Room
No. 7, Ground Level, Block B, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Auction Document
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Why buy The Palazzia, Bukit Gambier
  • Name: The Palazzia
  • Address: Jalan Bukit Gambier, 11700 Gelugor, Penang
  • Developer: Ideal Homes Properties
  • Completion Date: 2009
  • Tenure: Freehold
  • Type: Shop-Office
  • No. of Units: 54
  • Built-up: From 819 sf
Loan Calculator
Down Payment
20%
RM 3,839.48
per month
RM
RM
%
Years
Loan Margin 80% 70% 60%
Loan Term 20 Years 20 Years 20 Years
Interest Rate 4% 4% 4%
Down Payment 20% 30% 40%
Loan Amount RM 633,600.00 RM 554,400.00 RM 475,200.00
Estimated Monthly Installment RM 3,839.48 RM 3,359.54 RM 2,879.61
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Note
  • For intending bidders, please call our hotline for latest auction status as auction may be withdrawn / called off at last minute.
  • Intending bidders are advised to obtain a copy of the Proclamation of Sale before participating the auction.
  • The photographs shown herein are solely for general identification and information. 
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