14 Terrace House for Sale by Auction (Lelong) in Gemas, Negeri Sembilan
Gemas, a quiet town in Negeri Sembilan, offers an appealing option for those seeking affordable terrace houses through bank auctions. These auction properties, often priced 10, 40% below market value, provide a smart entry point for first-home buyers and investors. Buying at an auction house involves registering, paying a 10% deposit, and bidding on auction day. Contact Peter Tan for details on upcoming auction dates, reserve prices, and the bidding process.
Jalan Pinggiran Felda 5
No. 5583, Jalan Pinggiran Felda 5, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 5
No. 5578, Jalan Pinggiran Felda 5, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 6
No. 5603, Jalan Pinggiran Felda 6, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Sentosa 5
No. 1152, Jalan Sentosa 5, Taman Sentosa, 73400, Gemas, Negeri Sembilan
Jalan Pinggiran Felda 11
No. 5741, Jalan Pinggiran Felda 11, Taman Pinggiran Felda, 73400, Gemas, Negeri Sembilan
Jalan Pinggiran Felda 13
PT 5815, Jalan Pinggiran Felda 13, Taman Pinggiran Felda, 73400, Gemas, Negeri Sembilan
Jalan Pinggiran Felda 5
No. 5582, Jalan Pinggiran Felda 5, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 10
PT 5686, Jalan Pinggiran Felda 10, Taman Pinggiran Felda, 73400, Gemas, Negeri Sembilan
Jalan Pinggiran Felda 11
No. 5749, Jalan Pinggiran Felda 11, Taman Pinggiran Felda, 73400, Gemas, Negeri Sembilan
Jalan Pinggiran Felda 12
PT. 5773, Jalan Pinggiran Felda 12, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 2
No. PT 5539, Jalan Pinggiran Felda 2, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 12
No. 5779, Jalan Pinggiran Felda 12, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 5
No. 5576, Jalan Pinggiran Felda 5, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
Jalan Pinggiran Felda 13
No. 5796, Jalan Pinggiran Felda 13, Taman Pinggiran Felda, 73400 Gemas, Negeri Sembilan
How to Buy an Auction Property in Gemas
- 1Shortlist properties
Browse auction listings in Gemas, 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 · Gemas Terrace House
How many terrace house auctions are there in Gemas?+
There are currently 14 bank auction (lelong) terrace house listings in Gemas, Negeri Sembilan, updated regularly.
How much below market are Gemas terrace house auctions?+
Reserve prices for terrace house auctions in Gemas are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong terrace house in Gemas?+
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 Gemas?+
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 Gemas?+
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.