11 Shop Office for Sale by Auction (Lelong) in Cheras, Kuala Lumpur
Cheras, a bustling hub in Kuala Lumpur, offers a handful of shop office properties through bank auction. These commercial spaces, often reserved at prices 10-40% below market value, present a smart opportunity for investors and business owners. The auction process is straightforward: register, pay a 10% deposit, and bid on auction day. Contact Peter Tan for auction dates, reserve prices, and guidance on navigating the bidding process.
Cheras Business Centre Jalan Cheras
No. 27-4-2, Jalan 3/101C, Cheras Business Centre Jalan Cheras, 56100 Cheras, Kuala Lumpur
Cheras Business Centre Jalan Cheras
No. 27-4-2, Jalan 3/101C, Cheras Business Centre Jalan Cheras, 56100 Cheras, Kuala Lumpur
Taman Bukit Seri Cheras
No. 163 & 163-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur
Taman Bukit Seri Cheras
No. 161, 161-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur.
Taman Shamelin Perkasa
No. 27, Jalan 5/91, Taman Shamelin Perkasa, 56100 Cheras, Kuala Lumpur
Arte Cheras
No. C2-10-02, Arte Cheras, No. 689, Jalan Cheras, Taman Midah, 56000 Cheras, Kuala Lumpur.
Menara Seni Cheras
No. C1-18-11, Menara Seni Cheras (Arte Cheras), Jalan Cheras, Taman Midah, 56000 Kuala Lumpur
Arte Cheras
No. C2-17-11, Arte Cheras, Jalan Cheras, Taman Midah, 56000 Cheras, Kuala Lumpur
Menara Seni Cheras
No. C1-12-02, 12th Floor, Block C1, Menara Seni Cheras (Arte Cheras), Jalan Cheras, Taman Midah, 56000 Kuala Lumpur
Menara Seni Cheras
No. C2-40-01, Menara Seni Cheras (Arte Cheras), Jalan Cheras, Taman Midah, 56000 Kuala Lumpur
Menara Seni Cheras
No. C2-22-03A, Menara Seni Cheras (Arte Cheras), Jalan Cheras, Taman Midah, 56000 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 Shop Office
How many shop office auctions are there in Cheras?+
There are currently 11 bank auction (lelong) shop office listings in Cheras, Kuala Lumpur, updated regularly.
How much below market are Cheras shop office auctions?+
Reserve prices for shop office auctions in Cheras are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong shop office in Cheras?+
Yes, many banks finance auction properties. Get loan pre-approval before bidding. Contact Peter Tan for details.
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.