36 Terrace House for Sale by Auction (Lelong) in Cheras, Selangor
Cheras in Selangor is a well-connected suburb with a blend of residential comfort and urban convenience. Bank auction terrace houses here are particularly appealing as they are often listed at reserve prices 10, 40% below market value, making them a cost-effective option for first-home buyers, families, and investors. The auction process is straightforward: register your interest, submit a 10% deposit, and attend the auction day to bid. With a moderate selection of properties currently available, it's a good time to explore. For specific auction dates, reserve prices, and to understand each step, reach out to Peter Tan at BidNest Auction.
Jalan Pahlawan 32/3
No. 16, Jalan Pahlawan 32/3, Seksyen 3, Bandar Mahkota Cheras, 43200 Batu 9, Cheras, Selangor
Jalan Awana 1
No. 23, Jalan Awana 1 (Satu), Taman Cheras Awana, 43200, Cheras, Selangor
Jalan 12/2
No. 30, Jalan 12/2, Taman Cheras Jaya, 43200 Cheras, Selangor
Jalan TKC 3/6
No. 24, Jalan TKC 3/6, Taman Kota Cheras, 43200 Cheras, Selangor
Jalan Sri Cendana
No. 29, Jalan Sri Cendana, Taman Sri Raya, 43200 Cheras, Selangor
Lorong CP 3/21
No. 38, Lorong CP 3/21, Taman Cheras Perdana, 43200 Cheras, Selangor
Persiaran Puteri Satu
No. 1-10-1, Persiaran Puteri Satu, Taman Puteri (Venice Hills), 43200, Cheras, Selangor
Jalan Mahkota 9
No. 3-08, Tingkat 3, Jalan Mahkota 9, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Jalan Spring Villa 1
No. A-2-3, Jalan Spring Villa 1, Taman Spring Villa, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Jalan 12/4A
No. 21, Jalan 12/4A, Taman Cheras Jaya, 43200 Cheras, Selangor
Jalan 12/4D
No. 46, Jalan 12/4D, Taman Cheras Jaya, 43200 Cheras, Selangor
Jalan Mawar 2
No. 35, Jalan Mawar 2, Rumah Murah Kg Melaka, 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 Terrace House
How many terrace house auctions are there in Cheras?+
There are currently 36 bank auction (lelong) terrace house listings in Cheras, Selangor, updated regularly.
How much below market are Cheras terrace house auctions?+
Reserve prices for terrace house auctions in Cheras are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong terrace house 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.