3 Terrace House for Sale by Auction (Lelong) in Kerling, Selangor
Kerling, a quiet town in Selangor, currently has a small selection of terrace houses available through bank auction. These lelong properties often have reserve prices set 10-40% below current market value, a significant discount for savvy buyers. Homes that have been through multiple auction rounds can be even more attractively priced, making this a smart route for first-home buyers and investors looking for affordable property. To participate, register as a bidder, pay the required 10% deposit, and attend the auction day to place your bid. For details on forthcoming auction dates, reserve prices, and the overall process, contact Peter Tan.
Jalan Melur
No. 21, Jalan Melur, Taman Musabika, Kalumpang, 44100 Kerling, Selangor
Jalan Kemudi 2J
No. 8, Jalan Kemudi 2J, Bernam Jaya, Hulu Bernam, 44100 Kerling, Selangor
Jalan Titiwangsa Utama
No. 51-A, Jalan Titiwangsa Utama, Rumah Murah Kalumpang, 44100 Kerling, Selangor
How to Buy an Auction Property in Kerling
- 1Shortlist properties
Browse auction listings in Kerling, 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 · Kerling Terrace House
How many terrace house auctions are there in Kerling?+
There are currently 3 bank auction (lelong) terrace house listings in Kerling, Selangor, updated regularly.
How much below market are Kerling terrace house auctions?+
Reserve prices for terrace house auctions in Kerling are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong terrace house in Kerling?+
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 Kerling?+
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 Kerling?+
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.