35 Terrace House for Sale by Auction (Lelong) in Petaling Jaya, Selangor
Petaling Jaya, a bustling city in Selangor, is a sought-after location for terrace houses. For buyers looking for a smart purchase, bank auction properties offer a unique opportunity. These auction houses, known as lelong, are often priced 10-40% below market value, making them an affordable entry point for first-home buyers and a profitable avenue for investors. Properties that have gone through multiple auctions can be even cheaper. The process is simple: register, pay the 10% deposit, and bid on auction day. With a moderate selection of terrace houses currently for sale through auction, now is an ideal time to explore. Contact Peter Tan to learn more about auction dates, reserve prices, and how to participate.
Jalan SS 5C/1A
No. 16, Jalan SS 5C/1A, Kelana Jaya, 47301, Petaling Jaya, Selangor
Jalan PJU 10/17B
No. 38-01, Jalan PJU 10/17B, The Vale 2, Sutera Damansara, 47830 Petaling Jaya, Selangor
Jalan SS7/17
No. 1-3A, Residensi Laguna, No. 2A, Jalan SS7/17, Kelana Jaya, 47301 Petaling Jaya, Selangor
Jalan PJU 3/33 Sunway Damansara
No. 7-2, Parkville Townhouse, Jalan PJU 3/33 Sunway Damansara, 47810 Petaling Jaya, Selangor
Lorong Lebuh Bandar Utama PJU 6A
No. G-1, Casa Utama, Lorong Lebuh Bandar Utama PJU 6A, 48400 Petaling Jaya, Selangor
Jalan PJU 10/14D
No. 11, Jalan PJU 10/14D, Saujana Damansara, 47830, Petaling Jaya, Selangor
Jalan Dahlia PJU 6A
No. 5A, Upper Floor, Block B, 1 Ara Townhouse, Jalan Dahlia PJU 6A, 47400 Petaling Jaya, Selangor
Jalan Medan 15
No. 228, Jalan Medan 15, Taman Medan, 46000 Petaling Jaya, Selangor
Jalan Cecawi PSB 6/20
No. 26, Jalan Cecawi PSB 6/20, Seksyen 6, Kota Damansara, 47810 Petaling Jaya, Selangor
Jalan SS 9/15
No. 32, Jalan SS 9/15, 47300 Petaling Jaya, Selangor
Jalan PJS 2C/11
No. 29, Jalan PJS 2C/11, Kampung Medan, 46000 Petaling Jaya, Selangor
How to Buy an Auction Property in Petaling Jaya
- 1Shortlist properties
Browse auction listings in Petaling Jaya, 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 · Petaling Jaya Terrace House
How many terrace house auctions are there in Petaling Jaya?+
There are currently 35 bank auction (lelong) terrace house listings in Petaling Jaya, Selangor, updated regularly.
How much below market are Petaling Jaya terrace house auctions?+
Reserve prices for terrace house auctions in Petaling Jaya are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong terrace house in Petaling Jaya?+
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 Petaling Jaya?+
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 Petaling Jaya?+
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.