18 Rumah Lelong Cheras, Kuala Lumpur · Bank Auction Properties
Cheras is a vibrant hub in Kuala Lumpur, popular with families and investors for its mix of landed homes and condos near the city. Buying a bank auction property here through a trusted auction house like BidNest Auction can secure you a home or investment at a reserve price often 20-30% below market value, especially for properties that have been relisted. The process is straightforward: register, pay a 10% deposit, and bid on auction day. Peter Tan guides you through every step, from shortlisting suitable lelong homes to understanding the terms. Contact Peter for the latest auction dates and reserve prices on Cheras properties for sale.
Taman Bukit Seri Cheras
No. 161, 161-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur.
Taman Bukit Seri Cheras
No. 163 & 163-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur
Nos. 18
Nos. 18, 18-1 & 18-2, Jalan 3/93A, Warisan Cityview, Off Batu 2½ Jalan Cheras, 56100 Kuala Lumpur.
Taman Shamelin Perkasa
No. 27, Jalan 5/91, Taman Shamelin Perkasa, 56100 Cheras, Kuala Lumpur
Jalan Damai Kasih 12
No. 7, Jalan Damai Kasih 12, Alam Damai, 56000 Cheras, Kuala Lumpur
Jalan Damai Perdana 17/1A
No. 8, Jalan Damai Perdana 17/1A, Bandar Damai Perdana, 56000 Cheras, Kuala Lumpur
Jalan Damai Budi 6
No. 42A, Jalan Damai Budi 6, Alam Damai, 56000, Cheras, Wilayah Persekutuan Kuala Lumpur
Arte Cheras
No. C2-10-02, Arte Cheras, No. 689, Jalan Cheras, Taman Midah, 56000 Cheras, Kuala Lumpur.
Jalan Bukit Permai 2/1
No. 39, Jalan Bukit Permai 2/1, Taman Bukit Permai 2, 56100 Cheras, Kuala Lumpur
Menara Seni Cheras
No. C2-05-03, Menara Seni Cheras (Arte Cheras), No. 689, Jalan Cheras, Taman Midah, 56000 Cheras, Kuala Lumpur.
Jalan Persiaran Minang 6
No. 9, Jalan Persiaran Minang 6, Taman Minang (Fasa 2), 56000 Cheras, Selangor
Mentari Condo
No. C-12-4, Blok C, Mentari Condo, Jalan Tasik Permaisuri 3, Bandar Tun Razak, 56000 Cheras, Kuala Lumpur
Lorong Mewah 10
No. 2, Lorong Mewah 10, Bandar Tun Razak, 56000 Cheras, Kuala Lumpur
Damai Hillpark
No. B-07-11, Damai Hillpark, Jalan 6/1F, Damai Hillpark, Bandar Damai Perdana, 56000 Cheras, Selangor
Angkasa Condominium
No. B-23A-12, Blok B, Angkasa Condominium, No. 5, Jalan Puncak Gading, Taman Connaught, 56000 Cheras, Kuala Lumpur
20th Floor
No. A-20-11, 20th Floor, Block A, Damai Hillpark, Jalan Damai Perdana 6/1F, Bandar Damai Perdana, 56000 Cheras, Selangor
Jalan Damai Perdana 15/1F
No. 22, Jalan Damai Perdana 15/1F, Bandar Damai Perdana, 56000 Cheras, Selangor
Pertama Residensi
No. 11-03, Pertama Residensi, Jalan 3/92B, Taman Kobena, 56100 Cheras, Kuala Lumpur
How to Buy an Auction Property in Cheras
- 1Shortlist properties
Browse auction listings in Cheras, 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 · Cheras
How many auction properties are there in Cheras?+
There are currently 18 bank auction (lelong) properties in Cheras, Kuala Lumpur, updated regularly.
How much below market are Cheras auction properties?+
Reserve prices in Cheras are typically 10-40% below market value, even lower for properties auctioned several times.
Can I get a loan for a lelong property in Cheras?+
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 Cheras?+
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 Cheras?+
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 Cheras?+
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.