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.
Tower 9
No. B9/C1/06-10, Tower 9 (Palazo Zeno), Venice Hill Condominium, Persiaran Puteri 1, Taman Puteri, 43200, Cheras, Selangor
Tower 8
No. B8/J/8-16, Tower 8 (Palazo Caprini), Venice Hill Condominium, Persiaran Puteri Satu, Taman Puteri, 43200, Cheras, Selangor
Cheras Perdana Apartment
No. B-428, Cheras Perdana Apartment, Lorong CP 2/10, Taman Cheras Perdana, 43200, Cheras, Selangor
Taman Koperasi Majujaya
No. B-2-8, Block B, Taman Koperasi Majujaya, Batu 9, 43200 Cheras, Selangor
Pangsapuri Meranti
No. A-2-15, Block A, Pangsapuri Meranti, Jalan Cheras Hartamas, Taman Cheras Hartamas, 43200, Cheras, Selangor
Bandar Damai Perdana
No. D0-10, Blok D, Jalan Damai Perdana Dua, Bandar Damai Perdana (R/Pangsa), 43200 Cheras, Selangor
Taman Orkid
No. 16-2A, Jalan Orkid 2, Taman Orkid, 43200 Cheras, Selangor
Taman Bukit Segar Jaya
No. C2-03-13A, Block Cemara 2, Jalan Bukit Segar Jaya, Taman Bukit Segar Jaya, 43200, Cheras, Selangor
Tower 10
No. B10/D5/03-12, Tower 10, Palazo Azura, Taman Puteri (Venice Hills) Cheras, 43200, Cheras, Selangor
Pangsapuri Blok A
No. A-5-11, Pangsapuri Blok A, Jalan Dewa Wangsa, 43200 Cheras, Selangor
Desa Baiduri
No. DDG-02, Block Delima, Lorong Pangsa Baiduri 2, Desa Baiduri, 43200 Cheras, Selangor
Taman Cheras Utama
No. F-01-19, Block F, Jalan CU 1/A, Fasa 3, Taman Cheras Utama, 43200, Cheras, Selangor
Tower 2
No. B2/A/7-15 (on-site B2/7/15-A), Tower 2, Persiaran Puteri 1, Taman Puteri (Venice Hills), 43200, Cheras, Selangor
Taman Orkid
No. 4-2B, Jalan Orkid 5, Taman Orkid, 43200 Cheras, Selangor
Taman Bukit Hatamas
No. A3-3-8, Block A3, Persiaran Bukit Hatamas, Taman Bukit Hatamas, 43200 Cheras, Selangor
Pangsapuri Teratai
No. L7-05-19, Blok L7, Pangsapuri Teratai, Jalan Penggawa, Seksyen 2, Bandar Mahkota Cheras, 43200, Cheras, Selangor
Taman Orkid
No. 10-1A, Jalan Orkid 8, Taman Orkid, 43200 Cheras, Selangor
Taman Orkid
No. 27-2B, Jalan Orkid 6, Taman Orkid, 43200 Cheras, Selangor
Rumah Pangsa Minang Ria 2
No. 3A-07, Rumah Pangsa Minang Ria 2, Taman Minang Ria, 43200 Cheras, Selangor
Bandar Damai Perdana
No. 3-07, 3, Jalan Damai Perdana 5/2, Bandar Damai Perdana (R/Pangsa), 43200, Cheras, Selangor
Desa Baiduri Cheras
No. NB1-09, Block Nilam B, Desa Baiduri Cheras (R/Pangsa), Taman Desa Baiduri, 43200 Cheras, Selangor
Taman Cheras Prima
No. A-05-06, Block A, Jalan Cheras Prima, Taman Cheras Prima (R/Pangsa), 43000 Cheras, Selangor
Rumah Pangsa
No. 37, Blok W, Tingkat 3, Rumah Pangsa, Taman Megah Cheras, 43200, Cheras, Selangor
Pangsapuri Pendekar
No. L6-5-12, Block L6, Pangsapuri Pendekar, Taman Tun Perak, 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.