9 Rumah Lelong Pedas · Bank Auction Properties
Pedas, a quiet town in Negeri Sembilan, offers a handful of bank auction properties ideal for buyers seeking affordable homes. Auction reserve prices here are often 10, 40% below market value, making it a smart choice for first-home buyers and investors. To participate, simply register for the auction, pay the required 10% deposit, and bid on auction day. Contact Peter Tan for upcoming auction dates, reserve prices, and guidance on the bidding process.
Jalan TME 5
No. 70, Jalan TME 5, Taman Mawar Ehsan Fasa 2, 71400, Pedas, Negeri Sembilan
Jalan Tme 8
No. 217, Jalan Tme 8, Taman Mawar Ehsan, 71400, Pedas, Negeri Sembilan
Lorong PP 5
No. 157, Lorong PP 5, Taman Pinggiran Pedas, 71400, Pedas, Negeri Sembilan
Jalan TME 7
No. 165, Jalan TME 7, Taman Mawar Ehsan, 71400, Pedas, Negeri Sembilan
Dusun Sri Salam
Lot 2310, Dusun Sri Salam, 71400, Pedas, Negeri Sembilan
Jalan Miel 4/S1
No. 390, Jalan Miel 4/S1, Taman Pedas Perdana, 71400 Pedas, Negeri Sembilan
Jalan MIEL 14/S1
No. 262, Jalan MIEL 14/S1, Taman Pedas Perdana, 71400, Pedas, Negeri Sembilan
Jalan PI 9
No. 413, Jalan PI 9, Taman Pedas Indah, 71400 Pedas, Negeri Sembilan
Jalan Pi 8
No. 398, Jalan Pi 8, Taman Pedas Indah, 71400, Pedas, Negeri Sembilan
How to Buy an Auction Property in Pedas
- 1Shortlist properties
Browse auction listings in Pedas, 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 · Pedas
How many auction properties are there in Pedas?+
There are currently 9 bank auction (lelong) properties in Pedas, Negeri Sembilan, updated regularly.
How much below market are Pedas auction properties?+
Reserve prices in Pedas are typically 10-40% below market value, even lower for properties auctioned several times.
Can I get a loan for a lelong property in Pedas?+
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 Pedas?+
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 Pedas?+
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 Pedas?+
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.