4 Rumah Lelong Bandar Sri Damansara · Bank Auction Properties
Bandar Sri Damansara is a well-established township in Kuala Lumpur, known for its leafy streets, landed homes and vibrant commercial centres. For buyers seeking high-value bank auction properties, BidNest Auction presents a small selection of auction house listings in this area, with first auction reserve prices of RM1 million or more. These include landed homes such as semi-detached houses and bungalows, as well as premium condominiums, shop offices and land. Many of these lelong properties are for sale below market value, and each unsold round typically lowers the reserve further, creating deeper discounts for investors, business owners and upgraders. To bid, you register, pay a 10% deposit and bid on auction day. Contact Peter Tan, Real Estate Negotiator (REN 12771), for auction dates, reserve prices and the bidding process.
Jalan Margosa Sd 10/6a
Jalan Margosa Sd 10/6a, 52200, Bandar Sri Damansara, Kuala Lumpur
Jalan Kenanga SD 9/9B
Jalan Kenanga SD 9/9B, Bandar Sri Damansara (52200 Kuala Lumpur), 52200, Petaling Jaya, Selangor
Jalan Saga Sd 8/1
Jalan Saga Sd 8/1, 52200, Bandar Sri Damansara, Kuala Lumpur
Jalan Ara SD 7/4E
Jalan Ara SD 7/4E, Bandar Sri Damansara, 52200, Petaling Jaya, Selangor
How to Buy an Auction Property in Bandar Sri Damansara
- 1Shortlist properties
Browse auction listings in Bandar Sri Damansara, compare each reserve price against nearby market prices and note the discount. Unsold properties are re-auctioned at a lower reserve, typically dropping 10% per round.
- 2Do your due diligence
Get the Proclamation of Sale (POS), check the land title, quit rent and assessment, outstanding maintenance fees and utility bills, and whether the property is still occupied. For strata units, confirm who settles arrears with the management office.
- 3Arrange financing early
Most banks finance auction purchases, but the balance is due within 90 to 120 days of the auction. Get loan pre-approval before bidding so your deposit is never at risk of forfeiture.
- 4Register and pay the deposit
Register before auction day through the bank's e-Lelong portal or the licensed auctioneer, and prepare a bank draft of 5% to 10% of the reserve price as the deposit. Requirements vary slightly between banks and auction houses.
- 5Bid and complete
Bid on auction day. The winning bidder signs the memorandum of sale on the spot and settles the balance within 90 or 120 days as stated in the POS, after which the transfer is completed. An auction specialist can guide you through every step.
Reminder: auction properties are sold as-is and may come with arrears or occupants, so always complete due diligence first. Contact Peter Tan for free guidance through the whole process. Read the full buying guide →
FAQ · Bandar Sri Damansara
How many auction properties are there in Bandar Sri Damansara?+
There are currently 4 bank auction (lelong) properties in Bandar Sri Damansara, Kuala Lumpur, updated regularly.
How much below market are Bandar Sri Damansara auction properties?+
Reserve prices in Bandar Sri Damansara are typically 10-40% below market value, even lower for properties auctioned several times.
Can I get a loan for a lelong property in Bandar Sri Damansara?+
Yes, many banks finance auction properties. Get loan pre-approval before bidding. Contact Peter Tan for details.
How do I bid on a lelong property in Bandar Sri Damansara?+
Register for the auction, pay the 10% deposit, and bid on auction day. Contact Peter Tan to guide you through the process.
How much deposit do I need to bid in Bandar Sri Damansara?+
You typically need a bank draft of 5% to 10% of the reserve price as the deposit. After a successful bid, the balance is due within 90 to 120 days as stated in the Proclamation of Sale.
What are the risks of buying a lelong property in Bandar Sri Damansara?+
Auction properties are sold as-is and may carry outstanding maintenance fees, utility bills or occupants. Review the Proclamation of Sale and do a title search before bidding, or engage a specialist to assess it for you.