13 Rumah Lelong Balakong · Bank Auction Properties
Balakong, a bustling satellite town in Selangor, offers a moderate selection of properties at bank auction, making it a smart option for buyers seeking affordable homes. With reserve prices often 10-40% below market value, these auction houses present opportunities for first-home buyers and investors alike. The process is straightforward, register, pay a 10% deposit, then bid on auction day. For current auction dates, reserve prices, and guidance through the bidding process, contact Peter Tan.
Apartment Desa Ria
No. B-5-5, Block B, Apartment Desa Ria, Jalan Persiaran Impian, 43300 Balakong, Selangor
Jalan Seri Timah 1/13
No. 93, Jalan Seri Timah 1/13, Taman Seri Timah, 43300 Balakong, Selangor
Juta Mines Kondominium
No. B-13A-13, Level 14, Block B, Juta Mines Kondominium, Jalan Tanmin Permai 1, 43300 Balakong, Selangor
Taman Impian Ehsan
No. 1-12, Blok Kasawari A, (Jalan Damar), Taman Impian Ehsan, Cheras, 43300 Balakong, Selangor
3rd Floor
No. G9-3A, 3rd Floor, Block G, Jalan Impian Indah 2, Taman Impian Indah, 43200 Balakong, Selangor
Taman Impian Ehsan
No. 3-12, (No. D312), Block Kasawari D, Taman Impian Ehsan, 43300 Balakong, Selangor
Pangsapuri Seri Pulai
No. C1-05, Pangsapuri Seri Pulai, Jalan Balakong Jaya 26, Taman Balakong Jaya, 43200 Balakong, Selangor
Taman Impian Indah
No. H3-14, Block H, Jalan Impian Indah 2, Taman Impian Indah, 43200 Balakong, Selangor
Pangsapuri Rakyat (on-site Unit
No. E118, Pangsapuri Rakyat (on-site Unit No. 118, Block E, Apartment Rakyat), Taman Impian Ehsan, 43300 Balakong, Selangor
Seri Pulai
No. A4-18, Block A, Seri Pulai, Jalan Balakong Jaya 26, Taman Balakong Jaya, 43200 Balakong, Selangor
Apartment Ghazal A2
No. A2-132, 1st Floor, Apartment Ghazal A2, Taman Impian Ehsan III, 43300 Balakong, Selangor
Pangsapuri Seri Pulai
No. A3-10, Block A, Pangsapuri Seri Pulai, Jalan Balakong Jaya 26, Taman Balakong Jaya, 43200 Balakong, Selangor
Apartment Seri Pulai
No. B4-11, Apartment Seri Pulai, Jalan Balakong Jaya 26, Taman Balakong Jaya, 43200 Balakong, Selangor
How to Buy an Auction Property in Balakong
- 1Shortlist properties
Browse auction listings in Balakong, 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 · Balakong
How many auction properties are there in Balakong?+
There are currently 13 bank auction (lelong) properties in Balakong, Selangor, updated regularly.
How much below market are Balakong auction properties?+
Reserve prices in Balakong are typically 10-40% below market value, even lower for properties auctioned several times.
Can I get a loan for a lelong property in Balakong?+
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 Balakong?+
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 Balakong?+
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 Balakong?+
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.