66 Rumah Lelong Cheras, Selangor · Bank Auction Properties
For those seeking affordable homes in the lively township of Cheras, Selangor, bank auction properties provide a notable opportunity. The Cheras property market, known for its diverse housing options from terraced houses to high-rise condos, regularly features lelong listings where reserve prices are often 10 to 40 percent below market value. These bank auctions, conducted by auctions houses, allow investors and first-home buyers to bid for homes at lower prices; the process involves registering, paying a 10 percent deposit, and participating on auction day. To explore current auction properties in Cheras and get details on auction dates and reserve prices, contact Peter Tan.
Jalan Permaisuri 8/6
No. 7, Jalan Permaisuri 8/6, Seksyen 6, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Jalan Suasana 2/8B
No. 8, Jalan Suasana 2/8B, Bandar Tun Hussein Onn, 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-06-05, 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
Jalan Awana 1
No. 23, Jalan Awana 1 (Satu), Taman Cheras Awana, 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
Traders Garden
No. A-30-13, 30th Floor, Block A, Traders Garden (Formerly known as Residensi Cheras Selatan), Jalan Dataran Cheras 7, Balakong, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-07-3A, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Silk Residence
No. 11-12, Jalan Sutera, Silk Residence, 43200, Cheras, Selangor
Lorong Taming Sari 2
No. 33, Lorong Taming Sari 2, Taman Taming Jaya, 43200, Cheras, Selangor
Residensi Sembilan Cheras
No. A-15-09, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
You City 3
No. B-25-02, You City 3, Jalan You City, You City, 43200 Cheras, Selangor
Silk Residence
No. 7-09, Silk Residence, Jalan Sutera, Lebuhraya Silk, 43200 Cheras, Selangor Darul Ehsan.
Jalan TKC 3/6
No. 24, Jalan TKC 3/6, Taman Kota Cheras, 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
How many auction properties are there in Cheras?+
There are currently 66 bank auction (lelong) properties in Cheras, Selangor, updated regularly.
How much below market are Cheras auction properties?+
Reserve prices in Cheras are typically 10-40% below market value, even lower for properties auctioned several times.
Can I get a loan for a lelong property in Cheras?+
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 Cheras?+
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 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.