122 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.
Silk Residence
No. 7-09, Silk Residence, Jalan Sutera, Lebuhraya Silk, 43200 Cheras, Selangor Darul Ehsan.
Suria Residence
No. A-6-25, Suria Residence, Jalan Residence, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Taman Cheras Utama
No. 3-09-07, Block 3, Jalan CU 1/A, Taman Cheras Utama, 43200 Cheras, Selangor
Suria Residence
No. A-1-29, Block A, Suria Residence, Jalan Residence, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Kondominium Langat Jaya
No. B-3E, Kondominium Langat Jaya, Jalan Dato' Alias, Off Jalan Hulu Langat, 43200 Cheras, Selangor
Taman Cheras Intan
No. M-2-05, Blok M, Jalan Cheras Intan 9, Taman Cheras Intan, 43200, Cheras, Selangor
Vistana Mahkota
No. 1-30, Vistana Mahkota, Jalan Pahlawan Section 3, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Pangsapuri Sering Casuarina
No. 01-02A, Pangsapuri Sering Casuarina, Taman Sungai Sering, 43200, Cheras, Selangor
Taman Cheras Intan
No. N-1-02, Block N, Jalan Cheras Intan 9, Taman Cheras Intan, 43200, Cheras, Selangor
Pangsapuri Sering Casuarina
No. 02-05, Jalan Sering 3, Pangsapuri Sering Casuarina, Taman Sungai Sering, 43200 Cheras, Selangor
Vista Hatamas
No. B-1-8, Vista Hatamas, Jalan Hatamas Utama, Taman Bukit Hatamas, 43200 Cheras, Selangor
Pangsapuri Puncak Baiduri
No. B-6-07, Block B, Pangsapuri Puncak Baiduri, Jalan Puncak Baiduri, 43200 Cheras, Selangor
Venice Hill Tower 10 Condominium
No. A10/D2/06-6, Palazzo Azura, Venice Hill Tower 10 Condominium, Persiaran Puteri Satu, Taman Puteri, 43200, Batu 9, Cheras, Selangor
Taman Cheras Utama
No. 2-02-10, Block 2, Jalan CU 1/A, Taman Cheras Utama, 43200 Cheras, Selangor
Taman Cheras Utama
No. 3-06-01, Block 3, Jalan CU 1/A, Taman Cheras Utama, 43200 Cheras, Selangor
Pangsapuri Kasturi Tiara
No. B-G-2, Pangsapuri Kasturi Tiara, Taman Kasturi Phase II, Off Jalan Balakong, 43200 Cheras, Selangor
Tower 7
No. B7/J/2-7, Tower 7 (Palazo Trissini), Taman Puteri (Venice Hills), 43200 Cheras, Selangor
Pangsapuri Cheras Utama
No. 2-08-09, Block 2, Pangsapuri Cheras Utama, Jalan CU 1/A, Taman Cheras Utama, 43200, Cheras, Selangor
Taman Desa Wangsa
No. A-3-01, Jalan Desa Wangsa, Taman Desa Wangsa, 43200 Cheras, Selangor
Pangsapuri Waja
No. M12-4-08, Block M12, Pangsapuri Waja, Taman Tun Perak, 43200 Cheras, Selangor
Pangsapuri Sering Casuarina
No. 04-02, Aras 4, Pangsapuri Sering Casuarina, Jalan Sg. Sering 3, Taman Sungai Sering, 43200, Cheras, Selangor
D'Tinggian Suasana
No. 3-2-4-52, D'Tinggian Suasana, Jalan Suasana 3/4, Bandar Tun Hussein Onn, 43200, Cheras, Selangor
Pangsapuri Waja
No. M13A-3-06, Block M13A, Pangsapuri Waja, Jalan Tun Perak 5, Taman Tun Perak, 43200 Cheras, Selangor
Pangsapuri Puncak Baiduri
No. B-1-05, 1st Floor, Block B, Pangsapuri Puncak Baiduri, 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
How many apartment / condo auctions are there in Cheras?+
There are currently 122 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.