About BidNest Auction | Malaysia Bank Auction Properties
★ Since 2014BidNest Auction curates bank auction (lelong) properties across the Klang Valley, from bungalows in Damansara Heights to terraces in Puchong and shop offices in Shah Alam. We make it simple to discover properties priced below market value and connect you directly with Peter Tan for guidance through the auction process.
A bank auction (lelong) property is a home or commercial unit repossessed by a bank and sold by public auction. BidNest specialises in Kuala Lumpur & Selangor lelong properties, helping you buy the property you want at a lower price. Reserve prices are often 10-40% below market value, making auctions one of the best ways for first-time buyers and investors to enter the property market.
Why buy a bank auction (lelong) property?
Below market value
Reserve prices are typically 10-40% below market value, the single biggest reason buyers choose lelong properties over the open market.
Strong bargaining & ROI
Starting bids can sit far below valuation, leaving real room for capital gains on resale or higher rental yields for investors.
Banks want a quick sale
Holding costs push banks to sell fast, so auction pricing is more flexible than a typical seller’s.
Transparent public bidding
The price is set by open competitive bidding, removing the information asymmetry of private negotiation.
Contact
Peter Tan · REN 12771
CID Realtors (Setia Alam) Sdn Bhd
15-1, Jalan Setia Indah X U13/X, Setia Alam, 40170 Shah Alam, Selangor
peterlife89@gmail.com