30 Apartment / Condo for Sale by Auction (Lelong) in Cheras, Selangor
Cheras is a bustling suburb in Selangor, popular among families and investors due to its excellent connectivity and amenities. Bank auctions for apartments and condos here, known as lelong properties, offer significant savings, often 10-40% below market value. With a wide selection of bank auction units available, buyers can find affordable homes or investment opportunities. To participate, simply register, pay the 10% deposit, and bid on auction day. For details on auction dates, reserve prices, and the bidding process, contact Peter Tan.
28 apartment / condo lots sold at auction in Cheras in the last 12 months, median sold price RM 391,200, 32.1% at exactly the reserve. See sold prices
You City
No. B-24-06, You 3, Jalan You City , You City, 43200 Cheras, Selangor
Emerald 9 Cheras
No. A-15-1, Block A, Emerald 9 Cheras, Persiaran Awana, 43200 Cheras, Selangor
Residensi Sembilan
No. A-19-01, Block A, Residensi Sembilan, Jalan Suria Residen, 43200 Cheras, Selangor
Tower D
No. D-11-6, Tower D, Emerald 9 Cheras, Persiaran Awana, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No A-01-05, Block A, Jalan Suria Residen, Residensi Sembilan Cheras, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. C2-02-01, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. C1-01-01, Block C, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. C1-03-03, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Windows On The Park
No. A-11-03, Blok A, Jalan Kpb 18, Windows On The Park, Bandar Tun Hussein Onn, 43200, Cheras, Selangor
Residensi Sembilan Cheras
No C2-01-01, Block C, Jalan Suria Residen, Residensi Sembilan Cheras, 43200 Cheras, Selangor
Windows On The Park
No. B-01-07, Block B, Windows On The Park, Jalan KPB 18, 43200 Cheras, Selangor.
You Residences
No. A-20-08, Block A, You Residences, Jalan Persiaran You City, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-22-10, Blok A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200, Cheras, Selangor
Residensi Sembilan Cheras
No. A-07-10, Residensi Sembilan Cheras, Jalan Suria Residence, 43200, Cheras, Selangor
Green Residence
No. C-8-7, Block C, Jalan Sayang 1, Green Residence, Cheras 43200, Selangor
Residensi Sembilan Cheras
No. A-03a-05, 4th Floor, Blok A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200, Cheras, Selangor
Kondominium Casa Green
No. A-17-03, Kondominium Casa Green , Jalan Casa Green, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-06-05, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-19-06, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-01-07, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200, Cheras, Selangor
Residensi Sembilan Cheras
No. A-23-06, Residensi Sembilan Cheras (9ine Sungai Putih Hill), Jalan Suria Residen, 43200 Cheras, Selangor
Green Residence
No. B-27-5, Block B, Green Residence, Jalan Sayang 1, 43200, Cheras, Selangor
Residensi Sembilan Cheras
No. A-13A-07, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-08-08, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
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 Apartment / Condo
What do apartment / condo auctions in Cheras actually sell for?+
28 apartment / condo lots sold at auction in Cheras in the last 12 months, median sold price RM 391,200, 32.1% at exactly the reserve. Every transaction is listed on the BidNest sold-prices page.
How many apartment / condo auctions are there in Cheras?+
There are currently 30 bank auction (lelong) apartment / condo listings in Cheras, Selangor, updated regularly.
How much below market are Cheras apartment / condo auctions?+
Reserve prices for apartment / condo auctions in Cheras are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong apartment / condo 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.